CONSULTANTS MAKE A BIG COMEBACK IN INDUSTRY BACKGROUNDS
When it comes to industry backgrounds, the single biggest change was the percentage of consultants in the new class. MBA students with consulting backgrounds are up to 27% this year, a difference of eight percentage points from the 19% low of last year. But the 27% intake of consultants is more in line with earlier numbers. In 2015, consultants made up 25% of the class (see below table). Otherwise, except for small changes here and there, the industry backgrounds as well as the undergraduate majors in the incoming students are pretty much similar to where they were a year earlier.
“If you look at these numbers over the past five years, tech might be the one that increased the most significantly,” says Smith. “There is nothing material in our industry backgrounds that shifted over the last few years, and we have been been pretty consistent in undergraduate degree backgrounds. We have a very nice broad range of interests and that is one of the aspects that impact the student experience here. Three quarters of the consultants in the graduating class did a career shift into another industry. That has a very positive impact for the student experience.”
MBA candidates in the Class of 2019 from financial services as well as tech and communications slipped by two percentage points this year to 20% and 12%, respectively. Students hailing from the government, education and non-profit sectors remain unchanged at 7%. Those with consumer product backgrounds represent 6% of the class, down a percentage point. MBA candidates with healthcare and bio experience rose two points to 7%, from 5% a year earlier. Students with military experience in the Class of 2019 represent 3% of the students, up a single percentage point from last year.
Meantime, the largest single chunk of undergraduate majors at Kellogg remains econ and business majors. This year, some 49% of the incoming students have one of those two majors, up four percentage points from the 45% last year. Some 30% of the students are STEM undergraduate majors in science, technology, engineering or math, versus 29% a year earlier, while 26% hail from the humanities, down from 28% a year ago.