Chicago Booth’s Class of 2025 posted a second consecutive drop in median total compensation, which fell to $194,500, the school reported. Base median salary held at $175,000, while sign‑on bonuses declined and offer rates at graduation lagged historical norms—about 80.9% had offers at commencement, rising to 89.1% three months out. Consulting and financial services remained dominant employers, while technology placements stayed muted compared with pre‑2022 cycles. Career‑services teams cited delayed corporate hiring and prolonged searches as factors behind slower outcomes. The data underscores uneven demand across sectors and suggests elite programs must prepare students for a stretched hiring timeline and shifting employer appetites in an AI‑reshaped labor market.