HBS AGE JIHAD: PERCENT OF HBS CLASS WITH 3 YEARS OR LESS WORK EXPERIENCE ENTERING IN
2005–26,
IN 2008 –40 –GEE, GUESS WHAT DEMOGRAPHIC THAT INCREASED 14 PERCENT OF BABIES CAME FROM?????
AGE JIHAD –OH NO, CLASS NOT GETTING YOUGER. BELOW, A POWERPOINT SLIDE FROM AN HBS PRESENTATION TO RECRUITERS, WHICH [CORRECT ME IF I AM WRONG] INDICATES THAT FOR THE CLASS OF 2007 (ENTERED IN 2005), THE PERCENT OF GRADS WHO HAD UP TO THREE YEARS OF FULL TIME WORK EXPERIENCE BEFORE ACCEPTING POST-MBA JOB WAS
26–YET HER MAJESTIES POST –GAG, REPRINTED BELOW AGAIN, INDICATES THAT FOR THE CLASS OF 2010 [THE KIDS ENTERING THIS SEPT] THAT NUMBER IS ~40 PERCENT.
Professional Experience: % accepting new jobs and median base salary
| Class of |
2007 |
| One year or less |
2.4%
$115,000 |
More than one year,
up to three years |
23.6%
$115,000 |
More than three years,
up to five years |
55.1%
$115,000 |
| More than five years |
18.9%
$110,000 |
This is probably an opportune time to address another frequently asked question: “Is Harvard Business School looking for a younger class?”
Here’s how the incoming class looks: we have 912 people expected to matriculate in September. 371 of these are what we call “within three years of college graduation” which means that they have graduated in 2008, 2007, 2006 and 2005. We keep track this way, not by age. About a dozen are coming right from undergraduate school - and another dozen were admitted directly from college but elected to delay matriculation in order to get some - or additional - full-time work experience. Many of the directly admitted college seniors have worked full-time already - all have had significant roles on campus or entrepreneurial experience. All directly admitted seniors are welcome to postpone their date of matriculation.
Back to the class profile and the original question. Do the numbers and I think you’ll find that 541 members of the class of 2010 have been out of college for more than 3 years. That’s more than the total enrollment in many business schools.
Are these numbers “quotas” or “targets”? No. We’ll still do our evaluation and selection the old-fashioned way: one folder at a time. Lots of attention to the written application and mandatory interviews by invitation only. We ask the same questions about every candidate we consider: Is this person a leader? Does he/she give evidence of ability to engage enthusiastically in serious intellectual and analytical work? Will this person invest as much in the educational experience of others as in his/her own?
So the answer would be that we think you can come to Harvard Business School and thrive earlier in your career than you might have heard via the grapevine. That doesn’t mean that those with more experience should be discouraged: apply when it’s optimal for you. When you can look at the questions we pose and feel eager to respond, that’s a good indication of readiness.