McKinsey hired 41 students from the 2013 MBA class of the University of Chicago’s Booth School of Business. This number is a source of pride for the school whose employment report reveals 86.3% of its MBAs receive employment offers by graduation. Many of the job contracts came from companies in which they have proven their worth during their summer internship program.
Four of Booth’s top five employers in 2012 and 2013 are management consulting firms. Aside from McKinsey, Bain hired 21, BCG hired 18, and A.T. Kearney hired 12 graduates from the said business school this year. The other non-consulting firm that belongs to the top five list is the Switzerland-based finance company, Credit Suisse. Other organizations that have also hired many Booth graduates for two consecutive years are Amazon, Morgan Stanley, Citigroup, JP Morgan, and Anheuser-Busch InBev.
The consulting industry pays the highest median salary to Booth graduates: $135,000. However, some of the biggest individual paychecks went to graduates who landed a job in the financial sector. The biggest salary, $250,000, went to a Boothie who ventured into private equity followed by the graduate who signed an investment management contract at $200,000. In many cases, those huge incomes are granted to MBAs who have valuable work experience before taking up the MBA program.
Comparison with 2013 MBA Wharton Class
In the field of consulting, 30.7% of Booth MBAs went to this sector, a figure slightly higher in comparison to the 29.3% of Wharton School of the University of Pennsylvania. However, the median consulting salary of both schools is $135,000.
In the finance industry, a slightly bigger percentage of Booth graduates land a job in investment banking, investment management, and diversified financial services. However, Wharton graduates are paid a bit higher than the other group. Poets and Quants explained that one possible reason is that only 23% of Booth graduates went to work in the northeastern part of the country where employees receive higher salaries.
For additional details, please read Poets and Quants’ article.