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)