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)
- Kellogg MBA Salary by Function (2021)
- Kellogg MBA Salary by Location (2021)
- Kellogg MBA Top Employers (2021)
- Kellogg MBA Career Service Team - Effectiveness (2021)
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 | 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.
Related Services
• F1GMAT’s Career Planning Service
• F1GMAT’s Essay Review Service
Related Books
• F1GMAT’s Kellogg MBA Essay Guide
• F1GMAT’s Winning MBA Essay Guide (Includes Kellogg MBA Essay Tips and Samples)
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