In a year when many business schools were expecting the worst, the number of second-year MBA students returning from their summer internships with jobs offers in hand appears to be holding steady with last year’s recruiting season, according to career officers at some of the country’s leading MBA programs.
Of the top 30 U.S. MBA programs contacted by Bloomberg Businessweek, six said that internship-to-job conversion rates are about the same or better than a year earlier, while eight others said they anecdotally expect the number of job offers to be similar or slightly improved. The remaining schools said they don’t have the data available yet, or that they don’t collect this information.
About 60 percent of students with internships at University of Notre Dame’s Mendoza College of Business received full-time job offers, up about 5 percent from a year earlier.
With big banks slashing head count at a furious pace earlier this year, those numbers could have been a lot worse. “Contrary to popular opinion, there is a lot of strength in MBA hiring,” said Patrick Perrella, Mendoza’s director of career development, in an e-mail.