MBA graduates who have spent time studying at Rice University are likely to struggle to find a job in the United States, according to a recent report from the university.
In a survey of more than 5,500 graduates, researchers at Rice found that about 70 percent of them had not applied for a job.
In fact, nearly half had not even applied for jobs at all, according the study.
A full 70 percent had not worked at a Rice business in the previous three years.
About 80 percent had left the university because of a lack of work experience.
The problem isn’t limited to the mba.
Researchers found that more than half of graduates who had taken on an MBA class in the past three years had not taken on a job within the last year.
In another study, nearly one-third of MBA-educated employees at a global financial firm had dropped out of the firm because they were unable to find jobs in the country, according a Reuters investigation.
Nearly 70 percent also had not found employment within a year after graduation, the researchers said.
The Rice researchers said the situation is not just limited to business graduates.
The same pattern holds for students who have taken classes at other universities and then left for graduate school, the report said.
Nearly 40 percent of students who left Rice in the last three years were in the top fifth of their class, and nearly a quarter had dropped from their MBS program in the year prior.
Rice has an average salary of $65,500 for its MBA program, which includes a $4,500 stipend.
About 55 percent of its MBA graduates have earned more than $200,000, according it.
Riley’s problem is not unique.
A study by the New York Times last year found that graduates of the University of Chicago’s M.B.A. program were far less likely to find job offers within the first year after leaving.
More than one-fourth of graduates at Columbia University, where students were also required to take the MBA, had left, according Bloomberg.
The lack of job opportunities and the need for more MBA students to become more familiar with the field have put many schools on edge.
Rochester Institute of Technology, for instance, has been working to fill more than 1,500 openings for its MBA program in recent years, with students working with faculty to find them.
The university said the MFA program was also gaining traction.RISU President and CEO Mark Schulze told the Chicago Tribune last year that the school was “working to increase the number of MFA-level faculty in the next year.”RIS has had trouble recruiting graduate students because of the MCA program.
Schulz has been trying to attract students by offering them financial assistance.RISE, the M.M.A.-focused program at Boston University, has also struggled to attract new M.BA students.
It is looking to hire about 50 to 75 new graduates a year, Schulzenze said.