5. Kellogg School of Management at Northwestern University

Kellogg School of Management at Northwestern University

2001 Sheridan Road
Evanston, IL, 60208
Admissions: 847-491-3308
Email: MBAadmissions@kellogg.northwestern.edu
Website: http://www.kellogg.northwestern.edu/
Apply: http://www.kellogg.northwestern.edu/Programs/FullTimeMBA/Applying.aspx

Admission Deadlines for Class of 2015:
Round One: 10/16/12
Round Two: 1/3/13
Round Three: 4/10/13

Note: Off-campus interviews for admission must be made prior to the above deadlines. For round one, the deadline is Sept. 19; round two, Dec. 4, and round three, April 3.

When you think about the Kellogg School of Management, two distinctive aspects of this MBA experience immediately spring to mind. First off, the school’s environment is the ultimate in collaboration and teamwork. Secondly, there is no other school in the world with a stronger reputation in the field of marketing. But Northwestern’s Kellogg School is a lot more than a premier marketing school where highly personable students largely work in teams. It is one of the world’s best schools of general management, and because the school attempts to interview every applicant, its graduates have unusually strong inter-personnel skills.

That is one reason why it is a favorite hunting ground for the consulting business, which requires smart, thoughtful people who are especially good working with others. In 2012, Kellogg sent a record 39% of its class into the consulting field which typically pays MBA graduates among the highest starting salaries. By way of comparison, some 25% of Harvard Business School’s output in 2012 headed into consulting, while 20% of Stanford’s graduating class became consultants. Not surprisingly for a school with a stellar reputation in marketing, all the world-class consumer packaging goods companies make their way to Evanston every year to recruit at Kellogg. And in 2012, the number of Kellogg grads venturing into technology hit a record at 12%. Amazon, Apple, Google and Microsoft were among the school’s top 14 employers for 2012. Only two years earlier, Apple and Google didn’t hire a single Kellogg grad.

There’s also new excitement at Kellogg due to Dean Sally Blount who arrived at Kellogg in July of 2010 from New York University’s Stern School where she headed the undergraduate program. Blount has been shaking up the place. In her first year in the job, Blount decided to build a new $200 million modern home for the business school on the waterfront of Lake Michigan and led a reorganization of the top leadership team, the launch of Kellogg’s new branding campaign, and a major strategic review that will put substantive content behind the marketing slogan.

Kellogg’s new positioning statement: “Think Bravely: We believe that business can be bravely led, passionately collaborative, and world changing.”

Blount wants to dramatically increase the size of Kellogg’s superb one-year MBA program in which students forego the chance of a summer internship in exchange for getting the degree in 12 months. Kellogg is the highest ranked school in the U.S. offering a one-year MBA.

Changes in the MBA curriculum seem inevitable. For now, however, the core curriculum for the two-year MBA program at Kellogg consists of nine courses in fundamental areas, including accounting; management and organizations; marketing; finance; managerial economics; decision sciences; operations; and management and strategy. During the Pre-Term orientation sequence of the second year, students are required to complete a half-credit course, Values & Crisis Decision Making, that encompasses much of the knowledge from the first-year core. MBA students must also meet a one-credit global elective requirement through a course such as Cross-Cultural Negotiation, International Finance, International Marketing, International Business Strategy, or Global Initiatives in Management, or through approved study-abroad programs.

In 2012, Kellogg accepted 24% of its applicants and enrolled some 658 graduate students: 477 in the school’s two-year MBA program, a record 100 in the one-year MBA, another 64 in its Triple-M program (a dual-degree program with the school of engineering), and 27 for its JD-MBA joint degree program. The majority (51%) of enrolled students scored between a 700 and a 740 on the GMAT, while 25% scored between 650 and 690. About 17% of the students had super GMAT scores of 750 and up, while 6% scored below 640.

World’s Best Business School Professtors:

Adam Galinsky

Daniel Diermeier

Latest Up-To-Date MBA Rankings:

Poets&Quants (2012): 5
BusinessWeek (2012): 5
Forbes (2011): 7
U.S. News & World Report (2012): 4
Financial Times (2012): 16 (Global), (U.S.)
The Economist (2012): 20 (Global), 13 (U.S.)

Ranking Analysis:

Among the top 25 business schools, the biggest news is that Northwestern University’s Kellogg School of Management is beginning to show improvement under Dean Sally Blount who took over the school in July of 2010. Her new leadership team has turned the business school upside down, rethinking every aspect of the MBA program and the entire institution. Kellogg rose two places to finish fifth this year, jumping over MIT Sloan and Columbia on Poets&Quants’ 2012 composite list. That puts Kellogg directly behind Harvard, Stanford, Chicago, and Wharton. Pretty elite company.

The school moved forward on the basis of improvement in two key rankings: U.S. News & World Report and The Financial Times. U.S. News ranked Kellogg fourth in 2012, up from fifth a year earlier. More importantly, perhaps, the school moved up two places among the best U.S. schools in the FT survey, rising to ninth from 11th in 2011. Kellogg showed even greater upward movement on the FT’s full global ranking, rising five spots to 16th in 2011 from 21st a year earlier. The school ranked seventh in Forbes’ 2011 list (Forbes, which ranks school solely on the basis of the return on investment of their MBA, did not publish a list in 2012).

As is often the case with rankings, what one source gives another can often take away. The Economist ranked Kellogg 13th among U.S. schools in 2012, down one place from 12th a year earlier. Kellogg also slipped one notch in Bloomberg BusinessWeek’s 2012 ranking to fifth from fourth in 2010. Behind that overall rank, BusinessWeek, which measures schools on the basis of graduate satisfaction, corporate recruiter sentiment and the publication of academic research by professors, hands out rankings for all three of those metrics. The school maintained its fourth place ranking among recruiters, improved its intellectual capital ranking to 24th from 28th two years earlier, and slipped in graduate satisfaction–possibly because of all the changes going on at the school.

In graduate satisfaction, Kellogg ranked 13th, down from sixth in 2010. Blount, however, has put a former McKinsey partner in charge of the MBA program and that person, Betsy Ziegler, has put a laser-like focus on improving satisfaction and trying to exceed the expectations of MBA students. That effort is bound to payoff the next time BusinessWeek surveys Kellogg students in 2014. As one Class of 2012 MBA summed up the experience on a BusinessWeek survey: “Kellogg teaches you to reach deep inside yourself and do some “discovery” during the business school process. For me, that meant learning subjects that I had little experience in (Finance, Marketing). For many others it means leading teams and learning to manage processes. Kellogg teaches you how to work in a team with diverse and highly talented individuals and how to achieve great results through collaboration.”

 

B-School Smack Down Reports:
Kellogg vs. Chicago’s Booth School of Business
Kellogg vs. Michigan’s Ross School of Business

Student Perspectives:

My Story: From the Social Network to Kellogg

MBA Program Consideration Set:

Stretch Schools: Harvard, Stanford, Chicago, Wharton
Match Schools: ColumbiaDartmouthMIT SloanBerkeley
Safety Schools: DukeVirginia, New York University, Michigan, Yale

2012-2013 Tuition: $113,100
School Recommended Two-Year Budget: $168,908
Average GMAT: 708
GMAT Range (mid-80%): 660-760
Average GPA: 3.59
Acceptance Rate: 24%

Full-Time Enrollment: 1115
International: 39.5%
Female: 35.3%
Minority: 19.9%
Mean Age: 28

Average Base Salary: $116,605
Median Signing Bonus: $20,000
Percentage of MBAs with Job Offers at Graduation: 89%
Percentage of MBAs with Job Offers Three Months Later: 96%

Estimate of Total Pay over a 20-Year Career*: $3,085,680 (one of only seven schools with career pay exceeding $3 million)

Relevant Features:

Kellogg’s New MBA Gatekeeper
Kellogg To Shrink Two-Year MBA Program
Kellogg Dean Sally Blount’s ‘Brave’ New Strategy
The First 100 Days of a New Kellogg Dean
A Conversation With Legendary Kellogg Dean Don Jacobs
Booth Topples Kellogg in New Executive MBA Ranking
MBA Applications Fall at Kellogg and Booth
Consulting Hires A Record Number of MBAs From Kellogg
B-Schools That Churn Out Consultants
A Harvard MBA Gives Kellogg The McKinsey Treatment

Note: MBA Program Consideration Set: If you believe you’re a close match to this school–based on your GMAT and GPA scores,  your age and work experience, you should look at these other competitive full-time MBA programs as well. We list them by stretch, match and safety. These options are presented on the basis of brand image and ranking status as a general guideline.

* Payscale 2010 estimate for Bloomberg BusinessWeek.

From the Kellogg School of Management:

About the Kellogg School of Management at Northwestern University

The Kellogg School of Management at Northwestern University is a premier institution for management education. Founded in 1908 and based just outside of Chicago, Kellogg is home to a renowned, research-based faculty and the best and brightest MBA students from around the world.

Global business education is different today because of the teamwork and collaboration models that Kellogg pioneered 40 years ago. And, in the 21st century, Kellogg is truly a different voice in management education: We believe business can be bravely led, passionately collaborative and world changing.

At Kellogg, we are educating, equipping and inspiring leaders to excel in today’s complex Collaboration Economy. As a global community, Kellogg welcomes and embraces diverse perspectives that together enrich learning. Our vibrance can be seen throughout our dynamic community:

  • Kellogg students learn to create value in markets, build transformational organizations, deftly navigate between the private and public, and innovate in the marketplace at firms large and small.
  • Our world-class faculty are recognized thought leaders whose teaching and cutting-edge research change how the world thinks about complex problems affecting business and society.
  • The school’s powerful global alumni network is 54,000-strong, including Kellogg alumni in leadership roles at top organizations like DuPont, Target, SAP, QVC, KKR, McKinsey and Booz & Company, and who advance social change in places like Room to Read, One Acre Fund and the NAACP.

The Kellogg School’s academic portfolio includes Full-Time, Part-Time, and Executive MBA programs.

Full-Time Program

  • Kellogg offers a traditional Two-Year MBA program, the largest MBA program at the school. Two-year students attend classes during the Fall, Winter and Spring quarters for two academic years, plus each student completes an internship during the summer following the first year.
  • Kellogg also offers an accelerated option, the One-Year Program, for students who have completed requisite coursework as an undergraduate or graduate. This program is for students interested in a Full-Time MBA experience on a faster timeline.
  • Kellogg has two joint-degree programs, the JD-MBA and the MMM (MBA-MEM).

Part-Time Program

  • For students who plan to get their MBA degree while maintaining a full-time career or who want to gain skills to advance in their industry, the Part-Time Program provides the flexibility to take classes on evenings or Saturdays at our downtown Chicago campus.
  • An accelerated Part-Time option is also available for students who have completed requisite core coursework as an undergraduate or graduate. The Part-Time Accelerated Option allows students to bypass core classes and immediately dive into advanced studies. Students can finish the program in just over a year, depending on individual pace.

Executive MBA Program

  • Kellogg’s Executive MBA program is offered on two campuses, one located just north of Chicago in Evanston, Ill., and the other on the Miami campus in Coral Gables, Fla.
  • In addition to Chicago and Miami, Kellogg has forged partnerships with leading business schools around the world. Kellogg Executive MBA students can study in Chicago, Miami, Hong Kong, Germany, Israel and Canada for global electives, as well as gather with students from all partner schools during International Live-In Weeks in Chicago.
  • Kellogg EMBA students can now participate in the Executive Career Acceleration Program (ECAP), a breakthrough program for career management and leadership development formed in partnership with Korn/Ferry Leadership and Talent Consulting. Through ECAP, students will have access to executive grade leadership development. ECAP zeroes in on the knowledge and skills that will differentiate our graduates, and then refines them through an intensive, highly personalized program of assessment and development.

For more information, visit www.kellogg.northwestern.edu.

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