INTERNSHIP DATA SHOWS CONTINUING CONSULTING STRENGTH
About that internship data and the forecast for Yale’s Class of 2020. By industry, consulting doesn’t have an overwhelming advantage, being the industry of choice for just 21.6% of 331 interns this summer, while finance — including investment banking, investment management, diversified finance, and PE/VC — accounted for 27%. (Tech was the summer home for 12.9% on interns.) But take a look at internships by function: Between external consulting and internal consulting/strategy, consulting accounted for 39.8% of all internships, compared to just 27.8% in finance/accounting and 12.1% in marketing/sales. It;’s likely that next year’s employment report will show another strong consulting class coming out of Yale SOM.
Fifty-three percent of Yale MBA interns worked in the Northeast, making am median weekly salary of $2,077, and 26.1% worked in the West, making $1,846. Once again, the number of those working in the Southwest was small (4.2%) but the salaries were the best: a median $2,308, compared to the overall median domestic weekly pay of $1,943. Of the 19.2% who interned abroad, most did so in Asia (45.6%) but those who went to Europe (23.5%) made the most: $1,384 weekly, compared to the overall international median of $1,151.