Northwestern University’s Kellogg School of Management has released its MBA Class of 2024 employment report, showcasing a cohort determined to find success in even the most challenging global economic landscape. This year, 90 percent of the graduating MBA class received a job offer within three months of graduation, with 87 percent accepting in that timeframe. Twelve graduates — a record number — chose the path of entrepreneurship and launched new businesses.
The median base salary for the class reached $170,000, approximately doubling graduates’ pre-MBA salaries. Kellogg has seen that benchmark rise 21 percent over the past five years. The median signing bonus was reported at $30,000.
“The Class of 2024 is breaking boundaries in career success, with our graduates landing exceptional roles across the global business landscape,” wrote Liza Kirkpatrick, Assistant Dean of Career Services, in the school’s announcement. “From finance to healthcare, and tech to consulting, Kellogg’s newest alumni are finding opportunities that align with their ambitions and the rigorous training they’ve received at Kellogg.”
Industry Recruitment and Salaries
A greater share of students graduated into healthcare careers vs last year (9 percent, up from 3 percent in 2023), but consulting is historically the top industry for Kellogg MBAs, with 35 percent entering the profession this year. Twenty percent joined tech companies, and financial services firms recruited 19 percent. Seven percent went into consumer packaged goods.
Reported median base salaries for consulting jobs reached $190,000, with financial services salaries reported at $173,000 and tech jobs at $157,000.
| Consulting | 35% | $190,000 |
| Technology | 20% | $157,000 |
| Financial Services | 19% | $173,000 |
| Healthcare | 9% | $140,000 |
| Consumer Packaged Goods | 7% | $128,000 |
Regional Job Placement
Six percent of the Kellogg MBA Class of 2024 went overseas for work. The most popular destination for Kellogg MBAs, at 36 percent, was the U.S. Midwest. The West attracted 27 percent of the class, and the East, considered both the Northeast and Mid-Atlantic regions by Kellogg, became home to 21 percent. The South, encompassing Arizona to North Carolina for reporting purposes, was the destination for nine percent of the 2024 Kellogg MBA class.
| Midwest | 36% |
| West | 27% |
| East | 21% |
| South | 9% |
| International | 6% |
