Yale School of Management’s Class of 2025 reported a drop in three‑month offer and acceptance rates: 82.1% had offers (down from 84.8% in 2024) and acceptances fell to 79.9%. The slowdown mirrors a broader, prolonged softening in MBA hiring timelines and campus recruiting, with schools reporting longer searches and employers hiring on an as-needed basis rather than via traditional on-campus cycles. Yale’s assistant dean noted the competitive market and longer timelines for hires; fewer students pursued employment (81.5%) and some graduates deferred searches, launched startups, or took sponsored placements. Despite weaker early outcomes, Yale reported that students still had options and that compensation metrics showed some recovery compared with earlier declines. Career offices and deans should plan for extended recruiting windows, beefed-up employer engagement, and enhanced career coaching that helps students navigate rolling and off-cycle hiring — particularly in finance and consulting where demand remains uneven.