When a Harvard MBA No Longer Guarantees a Job, Seek a Different Sort of Education

There was a time when a degree from Harvard Business School (HBS), my alma mater, was a golden ticket to immediate and lucrative employment. No longer.

A Wall Street Journal article has set off alarms throughout corporate America — where I worked as an investment banker for 40 years — and academia, where I now ply my second career as a college CFO. The story reveals that nearly a quarter of last year’s HBS graduates were still looking for a job three months after their graduation.