Leading MBA programs reported a slower hiring cycle for the Class of 2025 while median compensation remained stable. University of Michigan’s Ross School said job offers by graduation lagged versus three months after commencement, reflecting employers’ later hiring cadence; Dartmouth Tuck posted 90% of job seekers with offers within three months and unchanged median pay at $175,000. Schools flagged widening gaps between offers at graduation and offers within 3–6 months, with international students disproportionately affected by delayed placements. Reporting windows (graduation, 3‑month, 6‑month) are standard metrics in MBA employment disclosures.