MBA students are flocking to Yacht Week each summer to party and hobnob with potential future employers and colleagues.
Yacht Week was created in 2006 by the Swedish company Day 8 AB, and has continued to grow every year since, according to its website.
Today it hosts more than 500 MBA students — typically hailing from top-tier US programs at schools like Harvard, Duke, Dartmouth, and Northwestern — every summer for week-long trips.
According to the Wall Street Journal, hosting these business students has expanded into big business — from 2007 to 2022, the number of yachts has grown from 95 total to just under 1,000 in 2022.
"Someone from Yacht Week is going to be a really important part of my life one day," Jaron Wright, a Harvard MBA student told WSJ.