Stanford GSB | Mr. Energy Reform
GMAT 700, GPA 3.14 of 4
Darden | Ms. Unicorn Healthcare Tech
GMAT 730, GPA 3.5
Stanford GSB | Mr. Systems Change
GMAT 730, GPA 4
Ross | Mr. Verbal Engineer
GMAT 710, GPA 3.3
INSEAD | Mr. Airline Captain
GMAT 740, GPA 3.8
UCLA Anderson | Ms. Packaging Manager
GMAT 730, GPA 3.47
Kellogg | Mr. Danish Raised, US Based
GMAT 710, GPA 10.6 out of 12
Stanford GSB | Mr. Navy Officer
GMAT 770, GPA 4.0
Wharton | Mr. Sr. Systems Engineer
GRE 1280, GPA 3.3
Chicago Booth | Mr. Semiconductor Guy
GMAT 730, GPA 3.3
Stanford GSB | Mr. MBB to PM
GRE 338, GPA 4.0
Harvard | Mr. Sales To Consulting
GMAT 760, GPA 3.49
Harvard | Mr. Polyglot
GMAT 740, GPA 3.65
Duke Fuqua | Mr. Enlisted Undergrad
GRE 315, GPA 3.75
Tuck | Mr. Consulting To Tech
GMAT 750, GPA 3.2
Stanford GSB | Mr. Rocket Scientist Lawyer
GMAT 730, GPA 3.65 Cumulative
Darden | Mr. Stock Up
GMAT 700, GPA 3.3
Stanford GSB | Mr. Classic Candidate
GMAT 760, GPA 3.9
Cambridge Judge Business School | Mr. Social Scientist
GRE 330, GPA 3.5
Darden | Mr. Federal Consultant
GMAT 780, GPA 3.26
INSEAD | Mr. Consulting Fin
GMAT 730, GPA 4.0
INSEAD | Ms. Hope & Goodwill
GMAT 740, GPA 3.5
Harvard | Mr. Milk Before Cereals
GMAT 710, GPA 3.3 (16/20 Portuguese scale)
Chicago Booth | Mr. Guy From Taiwan
GRE 326, GPA 3.3
Darden | Mr. Leading Petty Officer
GRE (MCAT) 501, GPA 4.0
Columbia | Mr. NYC Native
GMAT 710, GPA 3.8
Tepper | Mr. Leadership Developement
GMAT 740, GPA 3.77

Big Jump In Tech Hires At Kellogg

Kellogg School of Management's new global hub now under construction

Kellogg School of Management’s new global hub now under construction

Led by strong hiring by Apple, Amazon and Microsoft, Northwestern University’s Kellogg School of Management today (Dec. 19) reported an upsurge in the number of graduating MBAs landing jobs in the technology sector. Tech firms hired a record 18.4% of the school’s graduates this year, up from 12.2% a year earlier.

The increase nearly mirrored a sizable decrease in the number of Kellogg MBAs headed into the financial sector. Graduates accepting jobs in finance fell to a low of 13.9% from 20.1% last year. Of the so-called M7 business schools, generally considered to be the best seven MBA programs in the world, Kellogg now ties MIT with the smallest percentage of graduates who go into finance.

Most of the other top business schools have reported similar results this year. The percentage of MBAs accepting job offers in finance have fallen at Columbia, Wharton, Tuck, MIT Sloan and the University of Michigan’s Ross School of Business. The most notable exceptions to that trend occurred at Harvard and Stanford where an increasing number of grads headed to Wall Street.


In general, however, tech has been gobbling up more of the prestige MBA output in recent years. At MIT Sloan, tech hires from the Class of 2014 hit a record 26.1%, more than any other M7 school and up nearly seven full percentage points than 19.2% a year earlier. According to Mark Gasche, managing director of Kellogg’s Career Management Center, that trend is expected to continue.

“What we’re seeing from big tech is that they are finding people for a number of different kinds of roles in operations, strategy, marketing and finance as project managers, supply chain managers, and product managers,” says Gasche. “The general management curriculum matches up perfectly with technology. And we don’t see the rise in technology letting up. Students are interning there in greater numbers.”

Many MBAs, adds Gasche, think tech has become the engine for the new economy in ways that make a job offer from that sector something special. One Kellogg student who had offers from Apple and a prominent consulting firm told Gasche that he was going to Apple because “at this point in history I would be remiss not to work for them. This is a unique point in time to be at a company like Apple. The banks and consulting firms will always be there.”


Overall, it was another strong year for recruiting at Kellogg, the last of the M7 schools to release its 2014 employment report. The school said that 85% of its graduates had job offers at graduation and 94% had offers three months later, rates that were roughly equivalent to those of last year. Some 80% of the MBAs had already accepted their offers of employment by the time they donned cap and gown, while 88% had accepted three months after commencement.

The median starting salary remained the same at $120,000, despite the decline in finance jobs which tend to pay more than tech. Only four schools–Harvard, Stanford, Wharton and MIT–reported higher median salary this year. Kellogg’s median sign-on bonus was $25,000, also the same as last year. The school did not report other guaranteed bonus because only 13 or 14 students reported that additional year-end comp which is more typical in finance jobs that pay out backend bonuses. Interestingly, the median pay in tech was slightly higher than in finance: $115,000 vs. $110,00. But the big difference is in the signing bonus. Tech’s median sign-on incentive was $25,000, while in finance it was $40,000.

Kellogg, which has six dedicated employer relations staffers, said more than 200 companies hired MBAs from the Class of 2014 and that 22 new companies came to campus this past academic year to recruit its students. The school also said it brought students on 37 separate career treks. Kellogg’s top 30 employers, firms hiring three or more graduates, employed 244 students out of the 514 that were seeking employment.


This year’s numbers are somewhat different from previous years which makes comparisons to earlier employment reports difficult. “The population for this year’s report is 1Y, 2Y and MMM students,” says a Kellogg spokesperson. “In past years, including 2013, in addition to those populations, our report also included students from our JD/MBA and MD/MBA programs, as well as part-time students who participated in on-campus recruiting and sponsored students.” Minus 89 sponsored students and Kellogg said the Class of 2014 captured in the report includes 474 two-year MBA graduates, 107 one-year MBAs, and 55 MMMS, who receive both an MBA and an MS in Design Innovation.

But the big news on the job front this year was the aggressive recruiting by tech firms. At Kellogg, Apple hired 13 MBAs this year, up from only four the year earlier, while Amazon took 12, up from nine in 2013, and Microsoft nine, about the same as the 10 it hired last year. Search giant Google and software provider Adobe also were among Kellogg’s top employers this year, each bringing aboard four of the school’s graduates. The only top schools where more MBAs went into tech this year were Sloan and Stanford.

Given the number of Kellogg MBAs who had summer internships in tech in 2014, this sector will clearly remain a big choice in the future. A dozen Kellogg students interned at Apple this year, while eight interned at Amazon. Five were at Microsoft, four each at Google and Intuit, and a trio at both Adobe and Cisco.

Pay & Placement At Kellogg Over The Years


Median Base Salary $120,000$120,000$115,000$110,000$105,000
Median Sign-On Bonus $25,000$25,000$20,000$20,000$20,000
Job Offers at Graduation85.0%84.0%87.3%84.6%76.5%
Job Offers 3 Months Later94.0%94.2%95.6%94.8%87.8%

Source: Kellogg School of Management    Notes: All data is for one-year and two-year MBA programs as well as the MMM program

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.