Where McKinsey & Co. Find The Most MBAs

by Linda Abraham on

students

Entrepreneurship is the sexy post-MBA job, but the reality is that less than 5% of grads from top MBA programs start a business at graduation. According to the Graduate Management Admission Council, 34% of all graduate business students seek consulting positions after they earn their degree. My suspicion is that the figure is even higher among full-time MBA candidates.

True, many will work as consultants for a few years, and then down the road start their own business. If you are in that vast mass of MBA wannabes planning or hoping for a job in consulting immediately after you earn your degree, the following ranking is for you. We’ve examined U.S. News’ top MBA programs and the number of grads who have gone into consulting from each one.

Certainly, schools where a high percentage of graduates go into consulting or schools where the absolute numbers of grads going into the industry are high indicates that the program has the recruiting ties, placement track record, and alumni network, as well as the curriculum, to support your consulting goals. The following data tracks the percentage of each class that goes into consulting as a “function”–not an industry–so the numbers may differ somewhat from numbers who go directly into McKinsey, Bain, BCG and other firms (see A New Look At MBA Consultant Factories). The figures include graduates who take corporate jobs in strategic planning or internal consulting so in every case are higher than what the industry numbers would show.

YALE, KELLOGG & DUKE PLACED LARGEST PERCENTAGE OF GRADS INTO CONSULTING

Last year, Yale’s School of Management led the consulting pack, with 30% of its graduating class of MBAs accepting jobs with the likes of McKinsey, Bain, and Boston Consulting Group. Northwestern University’s Kellogg School of Management and Duke University’s Fuqua School of Business were next, both sending 29% of their Class of 2013 into consulting. They were followed by Duke (also 29%), Michigan and MIT Sloan (both at 27%).

And when you look at the absolute numbers of graduates who took jobs in consulting, Wharton led with 191 of  its 800 grads. Not far behind were Kellogg (180), Harvard Business School (175), Chicago Booth (146), and Michigan (140).

However, the numbers fail to paint the full picture. Dig into the schools’ class profile, placement stats, curriculum, extra-curricular activities and opportunities to determine which schools to apply to. Ultimately you want to apply to programs that will take you where you want to go and that are likely to admit you.

Percentage of Grads Going into Consulting

 

School Full-Time Graduates # Reporting Consulting Jobs % of Grads
Yale 230 69 30%
Kellogg 627 180 29%
Duke 434 124 29%
Michigan Ross 512 140 27%
MIT Sloan 390 105 27%
CMU Tepper 208 55 26%
Chicago Booth 579 146 25%
Emory 123 31 25%
Dartmouth 266 66 25%
Wharton 800 191 24%
UVA Darden 312 74 24%
Georgetown 248 55 22%
NYU Stern 375 83 22%
USC Marshall 210 45 21%
Texas McCombs 271 56 21%
Harvard 905 175 19%
Notre Dame Mendoza 129 22 17%
UNC Kenan-Flagler 283 48 17%
Cornell 282 47 17%
UC Berkeley Haas 241 40 17%
Indiana Kelley 216 35 16%
Columbia Business School 730 107 15%
Stanford 391 49 13%
UCLA Anderson 369 41 11%

 (See following page for table on number of grads going into consulting by school)

Linda Abraham is president and founder of Accepted.com and co-author of the new, definitive book on MBA admissions, MBA Admission for Smarties: The No-Nonsense Guide to Acceptance at Top Business Schools.

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  • WL

    Is there a breakdown of the number of graduates going to MBB specifically for each school?

  • http://www.slb.com/ Koshy Samuel

    if results don’t show there will be a break down for sure…

  • http://www.slb.com/ Koshy Samuel

    Entrepreneurship and Start-Ups are not performing to MBA standards.. and theory is not helping people take the real action in the markets..

  • JohnAByrne
  • Unbiased, jk

    Non US schools aren’t included. Globally, McKinsey hires the most consultants from INSEAD. Yes that’s the raw number and many are returning, but it is a disservice to readers to not include the consulting powerhouse that is INSEAD.

  • JohnAByrne

    I have to agree with you. That omission occurs because the data is from U.S. News which tracks this only for U.S. schools.

    For the record, INSEAD placed 41% of its grads in 2012, the latest year for which numbers are available, in consulting. Some 108 of 997 graduating MBAs accounted for in the employment stats went to McKinsey and nearly half (51) were returning to the firm that had employed them before the start of the MBA program. It’s important to note that the number is so sizable largely because INSEAD has a prestigious 11-month MBA program. So it’s a way to punch your ticket without devoting two full years to it. Consulting firms also love this because the people they sponsor are less likely to leave than in a two-year program that allows a summer internship for an employee to try something else out.

    At London Business School, 29% of the Class of 2012 went into consulting, with 24 going to McKinsey, 20 to BCG, and 13 to Bain.

  • WL

    I’ve seen both of these. The first link is closer to what I was looking for. The second link shows everyone at those firms based on LinkedIn and not relative to an individual class at each school. I was hoping to get the relative percent of MBB hires from each class (in 2013 or 2012, for example) for each school. I’ve looked at the Employment Report at every top 20-25 school’s website and didn’t find a clean breakdown of the number of hires for each firm. Some schools have only a listing of all employers and others denote employers with 5+ hires for that school.

    I understand the data you provided above is for all consulting, which each school’s employment report shows, but is the data I’m looking for accessible online for all schools or do some schools just not disclose that data? A schools like Northwestern goes above and beyond in their Employment Report, where they actually list all students’ names with every company. But Stern, for example, only lists the employers with no numbers.

  • Guest

    I haven’t seen that data with any reliable consistency. I believe John has published it for some schools, but not all.

  • http://www.accepted.com Linda Abraham

    I think you’re asking great questions, but I think you’re bumping up against many schools’ limits on transparency. I haven’t seen the data you’re seeking broken down consistently and reliably by all schools.

    At the same time, John’s breakdown does provide a good sample.

  • http://www.accepted.com Linda Abraham

    I also agree with you, but we drew the data from US News. It is not readily available from FT or BW, and I wanted to have some consistency. In this case, consistency trumped scope.

  • JohnAByrne

    Many schools, especially Harvard, Stanford and Wharton, do not disclose the number of hires of their major employers. So you could get a limited breakdown but not an all inclusive one.

  • Forward

    quick correction, It is a 10-month program at INSEAD not 11! Prestigious ?! not sure..

  • Forward

    Mckinsey hires at INSEAD are for international offices NOT for US markets. So, it is understandable to not include it here.

  • http://www.accepted.com Linda Abraham

    Thanks. Good point.

  • simone_Q

    I’d be a bit apprehensive to use the word “prestigious” for a class of more than 1000. Normally, the prestige comes from the rareness of a product and how hard to find or make, it is difficulut to imagine prestige with mass production.

  • Orange1

    Like any statistic, it can say whatever you want it to say. A lot of this is self-selection. NYU Stern, Columbia, and Cornell grads are more likely to be interested in financial services, which is why they went to these schools in the first place. Likewise Texas places people in energy and UCLA in entertainment.

  • Mucus

    How about Harvard?

  • George

    I quote what the leading magazine, the Economist, said about Harvard: ” the world’s most prestigious business school”. another quote in the same page:”HBS remains the gold standard of business schools. While some may carp, none has been able to match its instant global brand recognition”. It is Harvard, the Ivy league and the inventor of the MBA. It is really shame that an educated adult person would even think that a sub-institute in the wild french would compete with any Ivy league institution let alone Harvard!

  • RS301

    This is not correct.
    In the US, McKinsey and Google are the 2 biggest recruiters of INSEAD grads (16 graduates for each of them in 2012 for the US market only).

  • rs301

    It means then that 57 were newly hired which seems still quite high. Checking the MBB, 91 returned and 129 were newly hired (14% of promo: 129/(997-91)). Did you ever studied for all schools the MBB success rate excluding people returning? INSEAD with it 10months course should then have a much lower success rate compared to the 2years courses?

  • Forward

    16 out of 1024! less than 2%! so, it is far behind all the top 40 US schools!!!

  • HongQUANT

    insead is a joke in business education. MBB hire at Insead basically because its grads are much cheaper than the US grads, check out their salaries!

  • Mucus

    I wasn’t comparing them, but if you judge one school using one measure you should do the same with others. I have the impression many guys here judge the schools according to some arbitrarily metrics first and when they didn’t fit the agenda they change their measures. I don’t think someone is so duly to disregard HBS, but be objective when you asses something.

  • Jhon

    Actually, the inventor of the MBA is Dartmouth-Tuck

  • MBB

    Are these numbers for Mck, Bain, and BCG or all offices? And do they include returning sponsored students?

  • YouDumb

    Untrue. McK and others do hire from INSEAD for North American offices. INSEAD follows its own recruiting cycle which is after North American business school recruiting concludes. This means INSEAD students are applying to offices that may already be full. So 16 out of 1024 are still substantial. This means for spots that may not even exist, a bigger applicant pool was interviewed for offices they applied to, which are offices globally, including North America.

  • TruthWhisperer

    Untrue. INSEAD grads go global, meaning their average salaries may be a bit wacky, depending on the living costs of various cities. That does not mean they are cheap. They are in fact paid more, if you consider that more than 40% get into consulting, an industry that pays out consistent salaries across the world.

  • Non-sense

    If custom production defines prestige and mass non-prestige, nobody will go to Wharton, HBS, INSEAD and other big schools because they have so many students and that makes it less prestigious.

    By the same token, you would go to Tuck and Yale over Wharton, HBS and INSEAD just because they have smaller class sizes??? Non-sense

  • TA

    Yeah. In places such as Dubai and Singapore grads are paid equivalent salaries to US graduates and note taxes in Dubai are 0 and in singapore are capped at 15%

  • ta

    Cornell????

  • TA

    I dunno why the obsession with MBB . There are so many other boutique and smaller consulting units where you can have equally succesful careers

  • WHAT?

    The title is definitely misleading because maybe with the exception of Kellogg, Yale and Duke which are listed among the top 3 definitely do not produce McK consultants as much as the other schools do. I think what John meant to say was that these schools produce consultants, which include non-first tier consultants???

    For MBB, I am sure the order goes something like Harvard, Stanford, Kellogg, Wharton etc.

  • Jerrimy

    Tuck the was the first to offer a “Graduate” degree in commercial studies NOT an MBA.

  • Fencient

    typical insead screaming style! what a hak?!

  • jubilee

    The proportion of Cornell graduating MBAs that go into financial services is relatively speaking quite high versus other sectors. Orange1 is correct in his thoughts, at least historically speaking.

  • Mucus

    No it’s actually the opposite. When you hear INSEAD sends almost 200 to MBB you say “but they are sponsored”, “but they are not working for US offices”, “but their salaries are lower”, “but they are >1000″, “but they are from an institute not a uni”, “but they punched the ticket in 1yr”, “but they can’t do an internship” blah blah. The idea is that INSEAD is a threat to the concept of 2yr MBA because if you change it to 1yr you can’t fool the fools anymore. Everyone will ask what can you get in just 1yr. I don’t know, maybe those sponsoring companies are stupid, you know more then them.

  • Link Bait

    P&Q is becoming all ink bait and reposting of articles from elsewhere. Provide some value add by breaking out number of sponsored students.

    Or bring together multiple sources and speak to the fact that Mck and BCG hire heavily out of Darden, Duke and UNC for southern office, ross for Detroit etc…

    I have been a regular reader of P&Q, but not providing the value it once did.

  • Fencient

    why INSEAD lovers,fans, students, marketing teams…all angry when replying?! why they get so nervous with criticism?! why their confidence in their sub-MBA training 10 month vacation is so low to the degree they fear any criticism? after all, why they feel so inferior to Harvard, Wharton, Stanford or any top 10 american school?!

  • MucusRe

    they feel insecure

  • RS301

    You mean 16 going to McK US out of the 108 going to McK globally. It seems low for a US school but quite normal for an international school which sent graduates to 63 different countries in 2012.

  • Herman

    I’d like to see the profiles of those 16 mentioned. perhaps they are sponsored students, returning to the same employers. I can’t trust insead report anyway.

  • guest

    If getting MBB stats are already this difficult, you think getting stats for the boutiques and smaller firms would be any easier or more transparent? MBB stats would be indicative of the recruitment for strategy consulting in general, more so than stats including Accenture, IBM, Big 4 advisory consulting. If there were a separation of pure strategy consulting from “implementation” consulting in recruiting stats for consulting in general, I’m all ears. They are fairly different lines of work. Internal strat or corp strat is more similar to pure strategy than implementation strategy of the Big 4/Accenture/IBM.

  • hermanOP

    it seems that insead people dying just to be mentioned when mention Harvard or Columbia! or any top american university.

  • Mucus

    If even now when they send the most people to MBB it’s a sub par school probably I shouldn’t even argue with you. Why those prestigious companies are investing in these people and also taking new ones from this institute? Answer that. PS: I’m not from INSEAD and I don’t intend to go there, but I just can’t unerstand why you discriminate between some school when employers don’t.

  • Fencient

    employers are businesses, they like it for international hiring and for international offices because they are much cheaper than American schools. But be reminded that most if not all those attend insead and go to MBB, basically they are experienced in the same field (i.e Bain going to Mck, Mck going t BCG…etc) and they already got extraordinary undergrad education. so insead is basically valueless i their case. Check out the bottom 200 or 300 of each class at insead, they suffered and got terrible jobs.

  • Jimmy

    well, 57 out of 1024 is something around 5%! not impressive at all. Check Kellogg, Wharton, or Columbia. as percentage, they sent higher number to Mckinsey.

  • SingaporeEX

    living expenses in dubai and singapore is very high, in singapore two bedroom apartment is about $5000 a month! similar in dubai.

  • GyanOne

    Thanks for this. Always helpful to compare these rights right across the top schools. While quite a few of these numbers are well known (especially for the topmost schools), its useful to be able to contrast them with those for some of the lesser-ranked schools in one table. As noted by @What though, it would also be useful to have a comparison of top-tier consulting v/s tier 2, as well as see how many of these truly went into strategy consulting, for example, or how many switched careers v/s simply going back to their old firms. As Linda notes, though, most schools might not disclose it to that level.

  • Dumbass

    Dumbass! 57 out of 1024 are only for McKinsey “new” hires..Kellogg, Wharton, Columbia etc. do not separate out new or returning hires.

  • Really

    I think Columbia has fallen off the top US bschool radar.

  • Mentor

    First of all, employers as prestigious as McKinsey, Bain, BCG, etc. don’t sacrifice quality over a little money. The only money they save by sending their high performers to INSEAD is the CDO and career related fees. Second, INSEAD sends its graduates all over the world, including the US. So it is not just about international offices of MBB but New York, Palo Alto, Chicago etc. International offices are not to be laughed at either. There are offices such as London, Toronto, Singapore, etc. that house global managing director, lead key practices and arm themselves with top-notch consultants. You’d be better off in international locations above than Minneapolis, Atlanta etc. Third, it is simply laughable when you say most at INSEAD who get offers from MBB are from MBB. Most new hires do not have prior consulting experience. I would also add that INSEAD accepts top undergrad grads like other top schools do so your point about “extraordinary” undergrad education doesn’t make much sense. I will close with a comment that no matter where you go, whether it’s HBS or Kellogg etc., the bottom drops out of the class or suffers in one way or another.

  • HAME25

    insead is struggling financially, and they give sponsoring companies a huge discounts. Just check the prices of many of their executive education courses, and see the huge change within the last two years, they offered over 30 to 40 % discounted rates. I suspect they will do whatever it needs to get the sponsoring students attend their desperate and low quality class.

  • Confused

    Really misleading. You’ve got HBS, CBS and Stanford near the bottom, despite both being top 10 in this.

  • Really Really

    Ugh. Despite the fact that, in gross numbers, it’s a top 5 McKinsey school. Troll…

  • Jimmy

    “Dumbass” !!! expected language from insead. very sad.

  • CGSB

    It is Columbia. irrespective of rankings or any useless publications, still an ivy league and one of the world’s premier universities, Admission rates, yield rates all tell the truth.

  • Loser

    Kellogg is better, despite that it is not even an ivy league and not necessarily one of the world’s premier universities.

    With your logic, Oxford, Cambridge and Yale must be better than Columbia or Kellogg?

  • Dumbass2

    I am not an INSEAD grad, Dumbass*2!

  • Hahaha

    Hame, you are spreading ill-informed and misleading information on financial strength of INSEAD. Surely, it has more than enough to maintain its status quo with what it has. I am sure they would like more money and surely that doesn’t mean they are in financial struggle. For the sponsored students, if what you say is true, the sponsored students would actually bring down the quality. I don’t believe any of the financial struggle or even quality of the class you are yapping at is anywhere near the truth

  • Jimmy

    “Dumbass*2″ !!!! an expected language from insead fans, lovers, supporters. stay there.

  • CGSB

    Columbia is a premier university in many fields, the MBA education is one of them of course. It shaped the modern world of business and financial markets. Oxford, Cambridge, and yale are also a premier universities and at the very top, but not in business education. Princeton does not offer an MBA, yet it is one of the best universities in the world. similar Caltech and ETHZ.. My point is in the MBA game, columbia is a fundamental prestigious player.

  • HAM25

    they actually get excellent sponsored students at discounted rate, and they use their statistics to trap the other 50% of the class. Check their employment numbers, they are desperate.

  • Huh

    All schools accept sponsored students at “discounted” rates. What is your point? And what is this trap all about? Employment numbers look amazing, when I look at INSEAD publishment? Am I confused?

  • NoMore

    I disagree. Columbia used to be a good school for MBA. It is definitely trending down big time and has been.

  • HAM25

    if you are not sponsored student, you will suffer there. 50% of the class are sponsored students that means around 500 students. Look carefully and read every single sentence in the employment report, they say they have received responses from around 700 students, or so. that includes the sponsored students. So, the sponsored students numbers dominate the reports and median and mean salaries and bonuses, because most of them work at MBB, big corporations and banks, their salaries and responses (employed three months after ..etc) all that mislead the prospective student who think the future is bright if he/she join insead. But the truth is that there are around 30 to 40% of the class suffer to find jobs. The career service there is no value at all, they bring cheap part time workers from other outside to work per hour as coach the student, because they do not want to hire full time career team. Unlike other top schools that take care of its students and dedicate many resources for him/her until he/she land the job he want. At insead you are just a number, they trying to divert all the attention of the prospective student to partying, multinationalism, multiculturalism, how funny the program is, etc etc, but the truth is that the most important thing about the MBA itself (career) is missing there. Do you know that career service do not know students personally, but by number, and when you ask they say it is thousands people there we can not pay personal attention. OK, on the alumni side, they are nice and funny but do not expect that support and I can not blame them for an obvious and simple reason, the huge class size do not allow them to help at all, and the french not that good for alumni things and loyalty, remember that INSEAD never received big donation from an alumnus despite being there for nearly 60 years! while some very young american schools revive hundreds of millions.

  • Really Really Really

    Top 5 McKinsey school doesn’t equal top bschool. It may very well be one factor but not a sufficient and necessary requirement.

  • Imaginative

    Where are you pulling your numbers from? I can say that you are creative.

    INSEAD employment report suggests that 94%+ were employed within the 3 months after graduation, which means at least 94% successfully secured employment.

    You sound like either you attended INSEAD but ended up getting no job because of your poor performance or a bitter reject that ended up at a lowly ranked school elsewhere.

  • HAM25

    94% of those who responded to the survey. read carefully. here is what exactly written in the latest report: “Of these 909 graduates actively looking for a job, 855 (94%) reported having received at least one job offer 3 months after graduation, 793 (87%) gave us
    details of their career decision and 597 (66%) reported full salary information” (Page 09). Remember that the class size is 997. And they have full information about salaries (from which the median and mean figures come), It is already know that in a typical insead class 50% are sponsored (and Remember that even with such poor career performance, the school contributed just 51% of securing jobs (ironically including the sponsoring mechanism), the other half secured their jobs by themselves!!! So, the figures that look bright are from the sponsored students and mislead the others. particularly prospective students who look for real value, education, and REAL career services! I DID NOT ATTEND INSEAD, but I am very interesting in MBA and always dig deep to see the real value. PLEASE, do not divert the discussion to personal things keep it professional and respective.

  • Null

    Who cares about McKinsey … they take MBA’s a green horn number crunchers … what fraction of opportunity does McKinsey represent? 0.000000000001%

  • Imaginative

    That to me sounds like a report from any top bschool. What is your point? Of 997 total, 909 looked for jobs and 855 reported having received at least one offer within 3 months after graduation. So what?

  • Internships

    Would it not be at least moderately more relevant to disclose which schools are sending people to which consultancies? Would be interesting to know for HBS, GSB, Booth, Wharton, Columbia et. all. Quality of internships is far more interesting than quantity of internships.

  • Matt W

    I think his point was that it could be only the people that were sponsored that reported salary information. I am not sure I agree with the assertion, but I suppose it is possible. He is trying to say non-sponsored people may be getting job offers, but they are such bad jobs people don’t want to provide salary data.

  • elaine biancone

    Absolutely agree!!!

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