Top MBA programs reported continued weakness in hiring and compensation this year. Stanford GSB’s Class of 2025 saw base salaries hold but total compensation slip for a second year as bonuses declined; tech hiring led industry shifts. Yale School of Management graduates faced longer recruiting timelines and lower early offer and acceptance rates compared with recent peaks. Schools told career-services leaders that timelines are lengthening, employers are hiring more selectively, and bonus pools remain volatile — trends that complicate placement strategies and alumni relations at elite business schools.