Which MBA programs provide you the highest chance to burglarize consulting?
- Which MBA programs have the strongest recruiting on top consulting firms, McKinsey, Bain and BCG (MBB)?
- Which MBA programs have the biggest alumni network within consulting?
The employment reports published by MBA programs are a fantastic place to start to learn more about the total number of speaking with placements or to see lists of "top employers." However, you'll also desire a breakdown of placement results by company, or by career changers vs. returning/sponsored students, to understand the complete story of each MBA program's profession positioning accomplishments.
Because these metrics are vital to comprehend how the credibility, network, and historical post-MBA placements of different service schools can help you accomplish your profession goals, a brand-new sort of employment report is called for-one that breaks down post-MBA consulting information on a granular level.
For the very first time ever, in-depth analysis of post-MBA consulting placements is offered through Menlo Coaching's research study group. We have actually examined 51,991 student profiles (and counting ...) to offer you important insights about each MBA program's job placement history in management consulting, with information grouped by:
- Management consulting firm (split into MBB vs. other).
- "New" vs. "returning" (sponsored) offers.
- As an overall number of students and as a % of the student body (so you can precisely compare larger and smaller sized MBA programs on an apples-to-apples basis)
And the patterns our report exposes might shock you!
For instance, the MBA programs with the finest positioning in the management consulting industry are not HBS, Stanford and Wharton.
Furthermore, numerous MBA programs not generally seen as frequent feeders to MBB have actually been rapidly increasing their positionings at those companies (by as much as 155% over the last 2 years).
For more information on how we assembled our information and how you can best use the info in your research into top MBA programs in the US and abroad, see the method area.
Unless otherwise stated, all information in the following areas refers to 2020 placements.
New Placements into MBB
New Placements into MBB: Conclusions
- INSEAD is the global leader in brand-new post-MBA placements into tasks at MBB.
- In the US, University of Chicago Booth is # 1 and Northwestern Kellogg is # 2. This has actually been a close race, with a tie in between the two schools in 2019, and a Kellogg success in 2018. (See more detail.)
- Kellogg, Tuck and Booth are the leading three schools by % of the trainee body being put into MBB for the very first time, far ahead of the competitors.
- HBS and Stanford were # 1 and # 2 in regards to brand-new MBB positionings as a % of all new consulting positionings. MIT Sloan was a strong # 3 on this metric, with 86% of all brand-new consulting placements being at MBB specifically, which was higher than Wharton's 78%.
Total Placements into MBB
Total Placements into MBB: Conclusions
- INSEAD is the worldwide leader in overall post-MBA placements into jobs at MBB.
- HBS is the # 1 US MBA program, followed closely by Kellogg, Wharton, and Booth. The strength of HBS's total positioning at MBB partially reflects the truth that HBS admits lots of sponsored MBB experts. This is a strong performance by Kellogg and Booth thinking about that their class sizes are around 1/3 smaller sized than those of HBS and Wharton.
- Several MBA programs not traditionally thought about to be target schools for MBB have actually revealed unbelievable growth from 2018 to 2020. (See more detail.) - NYU Stern increased by 40%.
- Cornell increased by 155.56%.
- UNC increased by 83.33%
Total Consulting Placements: Conclusions
- INSEAD is the worldwide leader in management consulting task positionings for three years running. No other MBA program has a larger network of alumni in the management consulting market, and no other MBA program sends a bigger % of its trainee body into the consulting market.
- In the US, Kellogg and Booth are the # 1 and # 2 MBA programs by total placement in the management consulting industry, a remarkable achievement thinking about that their class sizes are around 1/3 smaller than those of HBS and Wharton.
- Tuck holds its own in overall consulting positionings: regardless of lower raw overalls because of its small class size, it is # 2 amongst leading MBA programs for sending out the greatest percentage of the student body into speaking with jobs.
Methodology
For details on our basic data event approach, click on this link.
In this report, we made one exception to the normal approach and utilized stats from INSEAD's main employment report. We did this due to the fact that of INSEAD's two-term structure (September entry and January entry). This suggested that at the time we gathered the information for the report, many management consulting job uses for January entry trainees (who finish in December) were understood currently to the students and to INSEAD, and shown in the work report, but the jobs had actually not yet started and were therefore not shown in public information sources.
This offers some advantage to INSEAD, due to the fact that main work report data are usually greater than what's noticeable in public sources, however this does not change the conclusions. INSEAD had such a large lead that any realistic price quote of the (public source vs. personal source) difference, which we analyzed for previous years, would still leave INSEAD as the leader.
We evaluated management consulting task placements for the finishing classes of 2018, 2019 and 2020 and calculated two main metrics:
Total Consulting Placements
This is the number of trainees whose first full-time post-MBA tasks are in the management consulting market, and it measures the strength of an MBA program's network in the industry.
New Consulting Placements
This is the number of trainees whose first full-time post-MBA jobs remain in the management consulting industry, omitting trainees who returned to their immediate pre-MBA employer.
For example, both of these would count as new consulting positionings:
- A trainee who worked pre-MBA at Cisco and post-MBA at Deloitte Consulting.
- A student who worked pre-MBA at Roland Berger and post-MBA at McKinsey
This metric steps an MBA program's capability to position profession changers into the consulting market for the very first time, or to assist consulting professionals to change to a new company.
We determine the metrics in several ways:
- As an overall number of students.
- As a % of the trainee body.
- As a % of the total consulting positionings
For instance, if you desire to know whether an offered MBA program is likely to have alumni within the consulting firms you wish to sign up with, the total variety of trainees that MBA program places into consulting is the very best predictor.
On the other hand, if you need to know about your chances to break into the consulting market for the very first time, the % of the trainee body that joins consulting is a good indication. You would not expect an MBA program of 300 students to put the exact same variety of people into consulting as an MBA program with 900 students, would you?
And finally, MBB placements as a % of total consulting positionings is a method to approximate the quality of an MBA program's consulting placements. For example, an MBA program like Columbia has many students who select to hire into finance instead of consulting. This lowers the MBB placements as an absolute number and as a % of the trainee body, however need to not be taken as a negative sign about Columbia's consulting profession opportunities. By computing MBB positionings out of overall consulting placements, we prevent penalizing Columbia for its strong financing recruitment portfolio and its numerous finance-focused students.
Note on class sizes: where possible, class sizes are obtained from employment reports. If work reports are not offered or finishing class sizes are not reported, figures reported at enlisting (in class profiles) are utilized.
