The Kellogg School of Management at the Northwestern University has consistently featured amongst the top business schools in any rankings that you can find, including the revered and renowned Financial Times global MBA rankings. The institute has produced some top leaders in the world of business, academia and even politics, including Deans of elite business schools, CXOs of many Fortune 500 companies, State Ministers and Governors amongst others. So what kind of career options do graduates of these elite business schools opt for? What kind of salaries do they draw in their first year post-graduation? This is a 5-year analysis of recruitment and salary trends for MBA graduates of the Kellogg School of Management!
Kellogg School of Management - Important Highlights From The Recruitment Report For Kellogg School of Management
- Consulting makes up for the top hiring functional domain, followed by Finance and Marketing. It is noteworthy that except for the batch of 2019, Marketing/Sales has been more popular as compared to Finance/Accounting, even if by a very slight margin.
- Amongst industries, Technology emerges as a popular recruiter, surpassed only by Consulting.
- Consulting remains the highest paying functional domain, as well as the highest paying industry, which might add to why it emerges as the most sought-after in both categories.
- The percentage of entrepreneurs produced by the Kellogg School of Management appears to be at a low, with less than 2% of each batch opting to start their own businesses. The number of students returning to sponsored companies is much higher, at about 14-15% per batch.
- Human Resources, Operations & Logistics, and Business Development emerge as the three least popular functional domains, with HR contributing to less than 1% of the hires at the Kellogg School of Management.
Also read - The Average GMAT Score For The MBA Batch of 2021 At Kellogg And Other Top B-Schools
Kellogg School of Management - Important Employment Statistics For Previous Batches
Also Read: Columbia Business School's MBA Employment Report - Analysis of Recruitment Trends Over 5 Years
Kellogg School of Management - Consulting, Finance Top Paying Roles For MBA Grads
Consulting pays the highest median base salary in 2019, which is followed by Finance/Accounting. Consulting remains the top paying functional domain across the 5 years, making up for more than a third of the class hires across all 5 years.
Marketing/Sales emerges as the second most popular functional domain. Finance and Marketing, along with Consulting, make up for over half the class hires. In 2015, these three functional domains made up for almost 3/4th of the class hires.
It is noteworthy that the lowest median base salary appearing in this table is from Marketing/Sales at $105,000 in the year 2015. That same year, Marketing made up for a fifth of the class hires.
Kellogg School of Management - Function Wise Hiring Trends
What are the types of roles that Kellogg graduates generally prefer to go for post-MBA? Which are the most sought-after and least sought-after domains for Kellogg MBA graduates?
The graph below helps us visualise trends in hiring at Kellogg for major business and management related domains - Consulting, Finance/Accounting, General Management, Technology/IT, Marketing/Sales, Operations/Logistics, Strategic Planning, and Business Development. All other functional domains are clubbed under ‘Other’.
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Kellogg School of Management - Industry Wise Salary Statistics
The highest paying role remains with the Consulting industry, which sees a gradual rise every year. Other top paying industries are Financial Services and Technology.
The 3 top industries at Kellogg don’t just pay the highest salaries, but also make up for over half of the hires. In the year 2016, Consumer Packaged Goods hired more students than Financial Services, making it to the top 3 position. This is the only year where Financial Services wasn't in the top 3.
The lowest noted median base salary across the 5 years (even counting functional domains) lies with Non-Profit at $87,500 in the year 2019. This is the only salary statistic available for Non-Profit. The only other time the median base salary has dropped below $100,000 was in 2015, for Real Estate.
Kellogg School of Management - Industry Wise Hiring Trends
The graph below helps us visualise the industry wise trends in hiring at Kellogg. The listed industries include Consulting, Consumer Packaged Goods, Energy, Financial Services, Healthcare, Hospitality/Tourism, Manufacturing, Media/Entertainment, Non-Profit, Real Estate, Retail, Technology, and Transportation & Logistical Services. All other industries are clubbed together under ‘Other’. Absence of any of these on the graphs indicates that not enough data is available for that industry in that particular year.
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