MIT Sloan | Mr. Healthtech Consultant
GMAT 750, GPA 3.44
NYU Stern | Mr. Army Prop Trader
GRE 313, GPA 2.31
Harvard | Mr. Software PE
GMAT 760, GPA 3.45
Kellogg | Mr. Social Impact Initiative
GMAT 710, GPA 3.1
Harvard | Mr. Policy Player
GMAT 750, GPA 3.4
Chicago Booth | Mr. Unilever To MBB
GRE 308, GPA 3.8
INSEAD | Ms. Spaniard Consultant
GMAT 710, GPA 8.5/10.00
Rice Jones | Mr. Carbon-Free Future
GMAT 710, GPA 4.0
London Business School | Ms. Private Equity Angel
GMAT 660, GPA 3.4
Harvard | Mr. Navy Nuke
GMAT 710, GPA 3.66
Duke Fuqua | Mr. Salesman
GMAT 700, GPA 3.0
NYU Stern | Ms. Entertainment Strategist
GMAT Have not taken, GPA 2.92
Wharton | Mr. Future Non-Profit
GMAT 720, GPA 8/10
Chicago Booth | Ms. Indian Banker
GMAT 740, GPA 9.18/10
London Business School | Mr. FANG Strategy
GMAT 740, GPA 2.9
Cornell Johnson | Mr. Indian Dreamer
GRE 331, GPA 8.5/10
Wharton | Mr. Hopeful Fund Manager
GMAT 770, GPA 8.52/10
London Business School | Mr. LGBT Pivot
GMAT 750, GPA 3.7
Kellogg | Mr. Defense Engineer
GMAT 760, GPA 3.15
Harvard | Mr. CPPIB Strategy
GRE 329 (Q169 V160), GPA 3.6
Rice Jones | Mr. Student Government
GMAT 34 (ACT for Early Admit Program), GPA 3.75
Chicago Booth | Mr. Healthcare PM
GMAT 730, GPA 2.8
Kellogg | Ms. Sustainable Development
GRE N/A, GPA 3.4
Stanford GSB | Mr. Army Engineer
GRE 326, GPA 3.89
Kellogg | Ms. Big4 M&A
GMAT 740, GPA 3.7
MIT Sloan | Ms. Rocket Engineer
GMAT 710, GPA 3.9
Harvard | Mr. African Energy
GMAT 750, GPA 3.4

Consulting Hiring Record At Kellogg

Lured by median starting salaries of $133,000, a record 39% of the Class of 2012 at Northwestern University’s Kellogg School of Management went into the consulting business.

With the exception of one MBA who took a job in legal services that paid $165,000, the highest paid median salaries at Kellogg this year were in consulting. Some 44% of the MBAs who went into the field also received sign-on bonuses that ranged from a high of $55,000 to $10,000 each. The median signing bonus was $20,000.

The top six employers at Kellogg this year were all consulting firms led by such prestige players as McKinsey & Co., Boston Consulting Group, Bain & Co., Deloitte, Accenture, and Booz & Co. McKinsey alone hired 55 Kellogg MBAs, BCG 43, Bain 35, Deloitte 24, while Accenture and Booz each took aboard 13 Kellogg grads.

The new record is two percentage points higher than last year’s 37% take by consulting. By way of comparison, only 25% of Harvard Business School’s Class of 2012 went into consulting and only 20% of Stanford’s latest class headed into that industry. Median starting salaries for the industry are up $8,000 from $125,000 in 2011.

The latest compensation details are in the school’s 2012 employment report released today (Dec. 5). By any measure, it was an exceptional year for Kellogg’s Class of 2012. Some 89% of the class had job offers at graduation and 96% had offers three months after their commencement. The average starting salary for the class was $116,605 (Also see A Tale of Two Schools: Kellogg vs. Booth).

CONSULTING JOBS ARE OFFSETTING WALL STREET’S DECLINE

“For us it was a really positive year,” says Michael F. Malone, managing director of Kellogg’s Career Management Center. “On the consulting front, our students continue to do extraordinarily well. It’s reflective of the fact that Kellogg focuses on teaching leadership and giving students hands-on experience in strategy. This is the highest percentage that we’ve ever had, although it’s close to the numbers from 2009 which was our previous high water mark.”

The rise of consulting at Kellogg has largely come at the expense of investment banking, brokerage and securities jobs. In 2008, Wall Street was taking 12% of Kellogg graduates, with consulting accounting for 33%. This year, the i-bank percentage fell to just 7%. “This is going to be the new normal,” said Malone. “There is still a core group at Kellogg that is intrigued by this space, but I think we will remain at that level going forward.”

Malone also said that MBAs taking jobs in technology also hit a new record—12%. “Technology came back pretty strong for us this year,” added Malone. “Students did particularly well in the tech sector in product development and business development jobs.” Amazon, Apple, Google and Microsoft were among the school’s top 14 employers this year. Only two years ago, Apple and Google didn’t hire a single Kellogg grad.

HIGHEST STARTING SALARY: $225,000 IN PRIVATE EQUITY

The school’s highest paid MBA reported landing a $225,000 starting salary in the Bay Area for a job with a private equity firm. The 30-something male grad already had six to nine years of work experience before going to Kellogg. “When you land that home run job, it’s often predicated on previous experience,” said Malone. “It’s somebody who was plug-in-play with the firm. He came with knowledge and relationships and ready to go.”

About The Author

John A. Byrne is the founder and editor-in-chief of C-Change Media, publishers of Poets&Quants and four other higher education websites. He has authored or co-authored more than ten books, including two New York Times bestsellers. John is the former executive editor of Businessweek, editor-in-chief of Businessweek. com, editor-in-chief of Fast Company, and the creator of the first regularly published rankings of business schools. As the co-founder of CentreCourt MBA Festivals, he hopes to meet you at the next MBA event in-person or online.