In any case, Kellogg’s highest median salaries, $160,000—were paid in law and legal services, presumably for the school’s dual MBA/JD graduates. Otherwise, consulting ruled the roost, with median salaries of $135,000, exactly the same rate of pay for consulting at Harvard, Stanford and other top schools. Energy/utilities and venture capital was next, with median salary of $130,000, followed by technology at $128,000, private equity at $125,000, and telecom at $121,000 (see table below). Not surprisingly, the lowest median salaries—$76,750—were paid to the 1% of the class that accepted non-profit jobs which ranged in base pay from $50,000 to $95,000 a year.
MCKINSEY, BAIN, BCG, DELOITTE & ACCENTURE BIGGEST EMPLOYERS AT KELLOGG IN 2013
As usual at Kellogg, the biggest employers were the prestige global consulting firms. Eight of the school’s 13 largest hirers were in the consulting business. McKinsey & Co. hired 46 Kellogg grads this year, followed by Bain & Co. (38), Boston Consulting Group (34), Deloitte Consulting (34), and Accenture (13). The school has historically done exceptionally well with consulting because its graduates have a reputation for their professional presence and interpersonal skills, attributes that Kellogg has long screened for in applicant interviews.
Other major employers of Kellogg’s MBAs this year were Microsoft (10), Amazon (9), A.T. Kearney (8), Cisco Systems (8), General Mills (7), Booz & Co. (6), Kraft Foods Group (6), L.E.K. Consulting (6), ExxonMobil (5), Goldman Sachs (5), Pwc (5), Apple (4), Bank of America Merrill Lynch (4), The Chartis Group (4), Citi (4), DISH Network (4), J.P. Morgan (4), PepsiCo (4), and Target Corp. (4).
AN EXCEPTIONALLY DIVERSE MIX OF COMPANIES HIRED KELLOGG MBAS
A similarly diverse range of companies brought aboard at least three Kellogg grads this year, including The Cambridge Group, Coca-Cola, Danaher, Davita, Evercore Partners, Nike, Samsung, Sears Holdings, and Unilever. Only 3% of the class started their own businesses, compared to 7% at Harvard and a record 18% at Stanford.
There were no dramatic shifts in industry choices at Kellogg. The largest single chunk of graduates, 38%, went into consulting, a percentage point drop from last year when 39% choose the field. Some 19% went info finance, exactly the same percentage as 2012. Some 11% of the class accepted jobs in consumer packaged goods, up two points from 9% last year. About 12% went into a catchall category that Kellogg calls “technology, manufacturing and services”—exactly the same as last year. Some 10% went into “other services,” same as 2012. “Other manufacturing” attracted 6% of the class—identical to last year’s number—and pharmaceutical, biotech and healthcare, grabbed 4% of the grads, down from 5% a year earlier.
HOW MUCH KELLOGG GRADUATES MADE IN 2013