Kellogg MBA Salary 2021

Kellogg continued its dominance in Consulting – both in post-MBA function and industry with Technology the 2nd most popular industry and General Management the 2nd most popular function. Keeping up with M7 schools, Kellogg maintained a base salary of $165,000, while Corporate Strategy/Planning offers remained second only to those offered at Harvard.

In this in-depth analysis of the Kellogg MBA Employment trends and Salary for the 2021 Graduating Class, we cover:

Kellogg MBA Salary by Industry (2021)

Consulting was the leading industry at Kellogg, preferred by 33% of the class, followed by Technology, which had an equivalent representation (30%). This despite Technology attracting $166,000 in total median salary – below the peer school’s range of $170,000 to $175,000.

Investment Banking compensated the salary range with a $200,000 total salary, tied with Wharton, ahead of MIT Sloan ($180,000) but behind the leaders – Columbia and Booth.

The total compensation for Consulting was the standard $195,000. The pandemic has spurred demand for the Healthcare industry, attracting 7% of the offers despite the lowest total salary ($158,500) among the industries. However, the compensation was ahead of the ones offered at Columbia and Wharton.

Kellogg MBA Salary by Industry	Percent Hired	Median Base Salary	Median Sign-On Bonus	Total Salary
Investment Banking	5%	$150,000	$50,000	$200,000
Consulting	33%	$165,000	$30,000	$195,000
Private Equity	6%	$150,000	$17,500	$167,500
Technology	30%	$136,000	$30,000	$166,000
Healthcare	7%	$128,500	$30,000	$158,500

Kellogg MBA Salary by Function (2021)

With 12% representation, General Management had the highest percentage of offers received for the niche among peer schools, turning Kellogg into a Consulting and General Management specialist.

General Management and Product Management were two popular post-MBA functions, whereas Private Equity & Investment Banking offers could add 10% to the total number of offers.

Despite the $20,000 range below top M7 schools, Kellogg graduates secured the second highest salary in Corporate Strategy/Planning ($175,000) behind Harvard. Kellogg graduates also secured the second highest salary in Product Management ($175,000), $4,000 behind Wharton.

Kellogg MBA Salary by Function	Percent Hired	Median Base Salary	Median Sign-On Bonus	Total Salary
Investment Banking	5%	$150,000	$50,000	$200,000
Consulting	33%	$165,000	$30,000	$195,000
Product Management	8%	$140,000	$35,000	$175,000
Corporate Strategy/Strategic Planning	7%	$147,000	$25,000	$172,000
Private Equity	5%	$150,000	$20,000	$170,000
General Management	12%	$130,000	$25,000	$155,000

Kellogg MBA Salary by Location (2021)

92% of all Kellogg MBAs secured employment within the US. It is worth noting that 74% of all students seeking employment were US nationals. 30% of all non-US students were sponsored, constituting 33% of those not seeking employment.

97% of all international students secured offers within 3 months of graduation with a median base salary of $150,000, higher by $5,000 than their US peers.

The Midwest absorbed more Kellogg MBAs than the Northeast, with Chicago attracting 23% of graduates, followed by San Francisco acquiring 20% and New York 11%. The median base salary of Chicago was the highest at $155,000, whereas New York and San Francisco were tied at $150,000.

Internationally, 5.5% of Kellogg MBAs accepted offers in Asia, which offered a higher median base salary of $117,722 as compared to South America, which offered a median base salary of $80,000 and acquired 1.5% of Kellogg MBAs.

Rank	Kellogg MBA Top 11 Employers	No. of Hires
1	McKinsey & Company	56
2	The Boston Consulting Group	33
3	Amazon	28
4	Bain & Company	20
4	Google	20
5	PwC Strategy&	11
6	Deloitte Consulting LLP	8
6	Microsoft Corporation	8
7	Apple Inc.	7
8	Nike, Inc.	6
8	Adobe Systems	6
9	PepsiCo, Inc.	5
10	Accenture Strategy	4
10	The Estee Lauder Companies	4
10	Tyson Foods	4
10	Medtronic, Inc.	4
10	DICK'S Sporting Goods	4
10	Intuit Inc.	4
11	L.E.K. Consulting	3
11	ZS Associates	3
11	Capital One Financial Corporation	3
11	J.P. Morgan	3

Kellogg MBA Top Employers (2021)

The dominance of consulting firms across the M7 schools persists at Kellogg as well, with 7 consulting firms in the top 11.

McKinsey leads all the hiring firms by employing 11% of all graduates, followed by BCG. Amazon makes the most hires for a Technology firm, followed by Google, Microsoft, Apple, and Adobe.

Replacing Finance, Consumer Product companies like PepsiCo, Nike, Estee Lauder have a much greater presence than any other M7 school. Within Finance, the top employers are JP Morgan and Capital One Financial Corporation – taking the eleventh position on the list.

Kellogg MBA - Career Service Team - Effectiveness (2021)

72% of all job offers were sourced by the school.

Summer internships were the largest source of MBA job offers at Kellogg that represented 44% for all school-facilitated offers and 7% for all student-initiated offers.

Kellogg’s internal job board facilitated 16% of all job offers.

Most of the M7 schools mention connections within their experiential learning modules and/or faculty connections. However, Kellogg is the only school to mention alumni referrals to specifically contribute toward 3% of all job offers.

Among student-initiated job offers, 11% were sourced through off-campus interviews. Only 3% were sourced from a previous employer.

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