So 90% of the 88% responding to the survey had received job offers, i.e. at least 79% of the graduating class had a job offer in hand by mid February. While that's a strong enough showing, it isn't quite the "ZOMG! HBS placed 90% of its students even in THIS economy" the thread title seems to suggest either.
Moreover, less than half of those reporting having received offers already have accepted (down as compared to last year, but by how much the article doesn't say), so we know nothing about the quality of those job offers. One would think, that people would be happy to latch on to just about any reasonable offer in trying time such as these.
But to be fair, some other interesting tidbits from the article. You decide if everything adds up.
While the number of offers remains nearly unchanged, the number of recruiters seeking candidates appears to have declined significantly. According to Kierstead, this year has seen a 27 percent drop in postings to an online job board for HBS students.
And, two students alleged, some recruiters who did come to campus had little intent of making job offers, and continued interviewing only to maintain a relationship with the school.
Though the number of students with offers remains unchanged, slightly less than half of these have actually accepted their offers—a number down from last year.
Huddleston said that students from other business schools whom she had met while interviewing off-campus had the impression that Harvard was not suffering as much as other schools. “They think that we aren’t having any problems,” she said. “They think we’re just using the brand name and we’re not concerned at all.”