08 Apr 2020 00:42 IST

Some US companies are starting to defer, rescind job offers

Document paints sobering picture of what’s in store for management grads entering the job market

With global markets in a state of flux, claims for unemployment benefits reaching record highs, and all signs pointing to an impending recession amid the spread of Covid-19, MBA hiring could already be slowing down, according to a leaked accounting of the MBA job market obtained by Poets&Quants.

The document — dated March 26, from the graduate career services office of a top US business school — outlines a sobering picture of what is ahead when MBA students end their spring terms and pour into the job market. Among hiring updates for 116 major companies, many of them mainstream MBA recruiters, 40 have reported some form of freeze, cancellation, or rescinding of internship or job offers. According to the document, the info is based on what employers are reporting to this school and “other top MBA programmes.”

Read the full report in Poets and Quants here.