What MBA Interns Are Being Paid

Where Consulting Firms Hire MBA Interns

 

Company          CBS    Kellogg    Booth    Fuqua    MIT    Ross
McKinsey 23 30 30 9 14 12
BCG 12 24 15 7 13 14
Bain & Co. 16 20 20 9 12 10
Deloitte 7 9 5 15 NA 19
A.T. Kearney 5 8 11 3 NA 9
Accenture NA 6 7 6 NA 15
Booz & Co. 4 10 9 NA NA 4
PwC NA NA NA 4 NA 9
ZS Associates NA NA NA 1 NA NA
LEK NA NA 2 NA NA NA
Cambridge NA NA 1 NA NA NA

Source: School employment reports for the Class of 2013
Notes: The schools listed are among those that have the most transparent and complete reporting on MBA employment. Many schools do not name and list the number of intern hires at individual firms.

Consulting firms remain one of the most important industries for summer MBA recruitment and one of the key industries where an internship is pretty much a prerequisite for a full-time job offer. As the table above shows, McKinsey & Co. along hired well over 100 MBA interns alone from just the six schools listed, with 30 each last summer from Kellogg and Booth.

Where Financial Firms Hire MBA Interns

 

Company           CBS    Kellogg    Booth    Fuqua    MIT    Ross
Goldman Sachs 18 8 8 7 7 8
JP Morgan 12 6 10 5 NA 6
Blackstone 5 NA NA NA NA NA
Morgan Stanley 13 5 11 NA NA 1
BankofAmerica NA 4 6 8 NA 2
Credit Suisse 13 NA 16 5 NA NA
Citi 10 8 8 7 NA 9
Amex 11 5 NA NA NA 7
Barclays 10 5 7 2 6 4
Deutsche Bank 9 NA NA NA NA 1
UBS 5 NA 7 NA NA 1
Wells Fargo NA NA NA NA NA 6
PIMCO 4 NA NA NA NA NA
Evercore 6 NA NA NA NA NA
Lazard NA NA NA NA NA 4

Source: School employment reports for the Class of 2013
Notes: The schools listed are among those that have the most transparent and complete reporting on MBA employment. Many schools do not name and list the number of intern hires at individual firms.

In comparison to the big consulting firms, the big brands in the financial services space hire large numbers of MBAs for summer jobs, but not nearly as many as the largest consulting outfits. Among the six selected schools that provide detailed summer employment data, Goldman Sachs leads with 56 summer hires–pretty much half the number of McKinsey at the same schools. But there are greater numbers of firms in the financial arena, including many specialized boutiques, which is why financial services accounts for the single largest source of MBA internships.

(See following page for tech and consumer brand companies who hire MBA interns)