The University of Virginia’s Darden School reported that 90.2% of the Class of 2025 had received job offers within three months — the lowest three‑month placement rate since 2015. The report signals cooling demand in the MBA recruiting market even as median base pay held steady at $175,000. Offers by graduation fell markedly, with only 79.5% of job-seeking MBAs holding offers at commencement. Darden’s acceptance and offer rates have declined for three consecutive years, reflecting slower corporate hiring, sluggish tech recruitment and broader macroeconomic caution. Career offices and placement teams face pressure to broaden employer pipelines and help graduates land delayed offers as recruiting timelines elongate.