As many of you have likely read, the job market was incredibly tough for MBAs from the Class of 2009. In fact, I know of several MBA2009 graduates who are still searching for their first post-MBA job. In some cases, those graduates are being incredibly picky and are holding out for the “dream job”. But, in other cases, kids are applying to a wide range of opportunities and are willing to take salaries in the same range as their pre-MBA compensation…and, even with that level of flexibility, many of these kids are still job-searching.

Fortunately, according to US News and World Report, things are looking up on the job market for MBAs from the Class of 2010. It’s taking a lot more work for these kids to find post-MBA positions, but they’re definitely finding success at the job search. Now, the business community just needs to figure out how to help the kids a year ahead of them. No one should spend $100K+ on an MBA education and not be able to find a job once the program ends. There’s something seriously wrong when strong candidates are jobless for more than a year after B-school graduation…

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Title: More MBA Graduates Will Get Jobs in 2010
Author: Brian Burnsed
Source: http://www.usnews.com/education/best-graduate-schools/articles/2010/06/18/more-mba-graduates-will-get-jobs-in-2010.html?PageNr=1

Excerpt from the article:

While Utsumi’s job search was anything but brief, his reward was a full-time position. That, experts say, is something 2010 M.B.A. graduates should expect as they wade into the employment pool. While graduates may not find their ideal job or find a position as quickly as they’d hoped, there are more jobs to be had than in 2009, which was a dismal year for M.B.A. hiring. “This time last year, I had to check to see if my phone was still plugged into the wall,” says Lynne Sarikas, director of the M.B.A. career center at Northeastern University. “It didn’t ring. People weren’t looking to hire. This year, my phone is ringing.”

The phones are ringing in career centers nationwide and new M.B.A. graduates still looking for work should take advantage of such a valuable resource. University officials report that while the hiring outlook is rosier for M.B.A. student this year, it still requires a great deal more effort to land a position than in flush times. That’s why some schools are giving personalized career advice to their students, even in the months beyond graduation. Cornell University’s S.C. Johnson Graduate School of Management, for instance, assigns career advisers to each student, which helped 95 percent of the 2009 M.B.A. class get hired by year’s end. The school plans to do the same this year, but in a quicker time frame, thanks to the improving market. “Everything is trending up, but we still have work to do,” says Joe Thomas, dean of the Johnson School. “We’re going to do it this year, but I just don’t think it will take as long.”