Base Salaries

Industry — Full-Time

INDUSTRY PERCENTAGE (%) LOW ($) HIGH ($) AVERAGE ($) MEDIAN ($)
Consulting
36.30%
69,101
175,000
153,577
165,000
Consumer Packaged Goods
6.60%
100,000
155,000
119,717
110,000
Apparel / Textiles
0.40%
*
*
*
*
Food and Beverage
5.00%
100,000
152,000
118,227
110,000
Household / Personal
0.80%
110,000
155,000
125,000
117,500
Luxury Goods
0.40%
*
*
*
*
Energy
1.20%
105,000
125,000
116,667
117,500
Financial Services
14.90%
67,000
250,000
149,955
150,000
Commercial Banking
0.20%
*
*
*
*
Diversified Financial Services
1.50%
67,000
150,000
123,400
140,000
General Financial Services
0.20%
*
*
*
*
Hedge Funds
0.20%
*
*
*
*
Investment Banking / Brokerage
6.00%
120,000
240,000
154,107
150,000
Investment Management
0.80%
115,000
150,000
126,250
120,000
Other Financial Services
0.20%
*
*
*
*
Private Equity
5.60%
90,000
250,000
155,480
150,000
Venture Capital
0.20%
*
*
*
*
Government
0.20%
*
*
*
*
Healthcare
5.20%
62,000
210,000
125,679
130,000
Biotechnology
0.40%
*
*
*
*
General Healthcare
0.20%
*
*
*
*
Medical Devices
0.80%
125,000
143,000
132,000
130,000
Other Healthcare
0.20%
*
*
*
*
Pharmaceutical Manufacturers
0.80%
63,896
127,000
109,974
124,500
Providers & Services
2.70%
62,000
150,000
120,908
130,000
Manufacturing
3.30%
62,507
150,000
121,469
123,500
Media / Entertainment
0.20%
*
*
*
*
Nonprofit
1.20%
85,000
165,000
121,953
120,000
Other2
1.00%
115,000
200,000
148,750
140,000
Real Estate
0.40%
*
*
*
*
Retail
1.50%
115,000
176,000
134,429
125,000
Technology
27.60%
70,000
230,000
135,307
135,000
Equipment / Hardware / Networking
2.30%
110,000
150,000
139,091
140,000
FinTech
1.00%
88,350
150,000
132,670
140,000
General Technology
4.40%
100,000
164,000
133,527
134,500
HealthTech
0.80%
120,000
140,000
128,125
126,250
Internet Services / E-Commerce
12.00%
70,000
160,000
132,535
135,000
Multimedia Products & Services
0.40%
*
*
*
*
Software
5.80%
90,000
230,000
139,704
140,000
Telecommunications Services
0.80%
120,000
168,000
152,500
161,000
Transportation & Logistics Services
0.20%
*
*
*
*
†94% of job-accepting Full-Time graduates reported usable salary information.
*Reporting numbers insufficient to provide base salary data.
2Other includes Advertising-Communications/Public Relations, Agribusiness, For-profit Education, International Trade-Import/Export.

Function — Full-Time

FUNCTION PERCENT (%) LOW ($) HIGH ($) AVERAGE ($) MEDIAN ($)
Business Development
1.50%
100,000
129,000
117,143
125,000
Consulting
37.40%
67,000
200,000
151,867
165,000
Corporate Strategy / Strategic Planning
7.40%
75,000
176,000
132,567
140,000
Finance / Accounting
15.20%
90,000
250,000
147,942
150,000
Corporate Development
0.40%
*
*
*
*
Corporate Finance
3.20%
106,000
150,000
125,964
126,250
Fundraising / Development
0.20%
*
*
*
*
Investment Banking
5.50%
150,000
240,000
158,000
150,000
Investment Management
1.10%
120,000
250,000
165,000
150,000
Other Finance / Accounting
1.10%
115,000
154,000
127,510
120,000
Private Equity
2.70%
125,000
225,000
167,727
170,000
Real Estate
0.60%
*
*
*
*
Venture Capital
0.40%
*
*
*
*
General Management
9.90%
63,896
211,000
132,419
130,000
Human Resources
0.60%
*
*
*
*
Marketing / Sales
10.40%
62,507
170,000
123,398
120,000
Advertising
0.20%
*
*
*
*
Brand Management
3.80%
106,000
135,000
112,722
110,000
Buyer / Merchandising
0.20%
*
*
*
*
General Marketing
2.50%
62,507
155,000
121,792
126,000
Other Marketing
0.20%
*
*
*
*
Product Development
0.20%
*
*
*
*
Product Marketing Management
2.70%
115,000
170,000
134,077
130,000
Sales
0.40%
*
*
*
*
Operations / Logistics
2.30%
70,000
165,000
134,591
140,000
Other
2.70%
62,000
210,000
137,808
134,345
Administration
0.40%
*
*
*
*
Corporate Social Responsibility
0.20%
*
*
*
*
Data Analytics / Data Science
0.60%
*
*
*
*
Healthcare / Medical Professional
0.40%
*
*
*
*
Other
1.10%
130,000
173,000
143,338
138,690
Technology
12.50%
88,350
168,000
137,644
140,000
Business Analysis and Design
0.80%
120,000
150,000
133,750
132,500
General Information Technology
1.50%
94,500
140,000
129,643
137,000
Integration / Implementation
0.40%
*
*
*
*
Product Management
9.50%
88,350
168,000
139,565
144,000
Systems Management
0.20%
*
*
*
*
†94% of job-accepting Full-Time graduates reported usable salary information.
*Reporting numbers insufficient to provide base salary data.

Industry — Internships

INDUSTRY PERCENT (%) (3) LOW ($) HIGH ($) AVERAGE ($) MEDIAN ($)
Consulting
22.60%
3,000
13,750
11,958
13,500
Consumer Packaged Goods
10.00%
1,833
13,000
6,859
7,038
Apparel / Textiles
2.10%
5,000
6,500
6,028
6,040
Food and Beverage
5.20%
3,111
10,000
7,503
7,900
General Consumer Packaged Goods
0.60%
*
*
*
*
Household / Personal
1.50%
3,333
13,000
7,516
7,570
Luxury Goods
0.40%
*
*
*
*
Other Consumer Packaged Goods
0.20%
*
*
*
*
Energy
1.30%
3,467
9,000
6,044
5,000
Financial Services
14.60%
2,200
15,000
7,496
5,700
Commercial Banking
0.20%
*
*
*
*
Diversified Financial Services
0.80%
3,400
12,500
8,000
8,050
Insurance
0.40%
*
*
*
*
Investment Banking / Brokerage
3.50%
5,000
13,333
11,353
12,500
Investment Management
1.50%
2,200
12,500
7,246
7,000
Other Financial Services
0.40%
*
*
*
*
Private Equity
3.50%
4,000
15,000
6,927
5,167
Venture Capital
4.40%
2,400
11,900
5,447
4,800
Government
0.40%
*
*
*
*
Healthcare
6.90%
2,400
13,500
6,909
7,500
Biotechnology
0.60%
*
*
*
*
General Healthcare
0.60%
*
*
*
*
Medical Devices
1.50%
2,750
8,333
6,825
7,692
Other Healthcare
0.40%
*
*
*
*
Pharmaceutical Manufacturers
0.40%
*
*
*
*
Pharmaceutical Other
1.30%
4,000
13,500
8,443
8,000
Providers & Services
2.10%
2,400
8,800
6,391
6,923
Hospitality
0.40%
*
*
*
*
Manufacturing
4.80%
3,000
10,000
7,308
8,500
Media / Entertainment
0.60%
*
*
*
*
Nonprofit
2.90%
4,000
7,000
4,750
4,000
Other4
1.50%
1,000
7,000
4,131
4,000
Real Estate
0.80%
*
*
*
*
Retail
2.30%
2,000
8,667
6,126
7,000
Technology
30.50%
2,050
13,440
7,742
8,265
EdTech
0.40%
*
*
*
*
Equipment / Hardware / Networking
3.60%
4,800
13,440
8,091
8,960
FinTech
0.40%
*
*
*
*
General Technology
6.30%
2,050
12,000
7,296
8,000
HealthTech
1.50%
3,636
8,000
5,109
4,000
Internet Services / E-Commerce
9.00%
4,800
10,806
8,841
9,208
Multimedia Products & Services
1.20%
5,000
8,330
6,637
6,480
Other Technology
0.20%
*
*
*
*
Software
6.90%
3,262
12,000
7,607
8,000
Telecommunications Services
1.00%
6,900
9,370
8,575
9,000
Transportation & Logistics Services
0.40%
*
*
*
*
1Two percent of students reported accepting an unpaid summer internship.
2Data for sponsored students reporting summer internship details is included in this table.
3Eight students reported accepting multiple internships.
4Other includes Agribusiness, Education – For-profit, Human Resources/Recruitment, Law/Legal Services, Sport & Sport Management.
* Reporting numbers insufficient to provide salary data.

Function — Internships

FUNCTION PERCENT (%) (3) LOW ($) HIGH ($) AVERAGE ($) MEDIAN ($)
Business Development
2.00%
2,500
8,231
4,224
3,700
Consulting
23.20%
2,320
13,750
11,857
13,500
Corporate Strategy / Strategic Planning
13.90%
1,000
13,700
7,027
7,500
Finance / Accounting
17.30%
2,400
15,000
7,599
7,000
Corporate Development
1.00%
3,000
8,666
7,072
8,000
Corporate Finance
2.20%
2,500
9,208
6,507
7,500
Fundraising / Development
0.20%
*
*
*
*
Investment Banking
3.60%
5,000
13,333
11,353
12,500
Investment Management
1.00%
3,692
11,000
6,505
7,000
Mergers & Acquisitions within Company
0.20%
*
*
*
*
Other Finance / Accounting
1.40%
5,600
12,500
8,794
8,750
Private Equity
3.40%
4,000
15,000
6,888
5,000
Real Estate
0.60%
*
*
*
*
Venture Capital
3.80%
2,400
11,900
5,543
4,800
General Management
5.80%
2,400
10,745
6,750
7,800
Human Resources
0.80%
5,700
7,600
6,390
6,130
Marketing / Sales
14.50%
2,058
13,500
7,523
7,833
Brand Management
4.00%
5,800
13,500
7,971
7,706
Buyer / Merchandising
0.20%
*
*
*
*
General Marketing
3.80%
3,636
13,000
7,409
7,680
Merchandising / Retail
0.40%
*
*
*
*
Other Marketing
1.20%
2,058
9,100
6,142
6,346
Product Development
0.40%
*
*
*
*
Product Marketing Management
4.20%
4,000
10,320
7,541
8,000
Research / Consumer Insights
0.40%
*
*
*
*
Operations / Logistics
1.20%
3,680
13,500
6,677
5,440
Other
5.00%
3,077
10,000
6,302
6,080
Corporate Social Responsibility
0.40%
*
*
*
*
Data Analytics / Data Science
0.60%
*
*
*
*
Economic Analysis / Research
0.20%
*
*
*
*
Entrepreneurship
1.40%
3,636
10,000
6,773
6,800
Other
2.40%
4,000
10,000
6,404
6,080
Technology
16.50%
2,050
13,440
7,946
8,709
Business Analysis and Design
0.40%
*
*
*
*
General Technology
3.80%
3,333
13,440
8,125
8,900
Integration / Implementation
0.20%
*
*
*
*
Product Management
12.10%
2,050
12,000
7,957
8,667
1Two percent of students reported accepting an unpaid summer internship.
2Data for sponsored students reporting summer internship details is included in this table.
3Eight students reported accepting multiple internships.
* Reporting numbers insufficient to provide salary data.
Please note that the 2015-2020 Employment Reports only include data from the 1Y, MMM and 2Y programs. This differs from previous years’ employment reports, which included data from the 1Y, MMM, 2Y, JDMBA, MDMBA, E&W OCR and Sponsored populations. As a result, benchmarking these more recent reports against previous reports is not advised.

Download the 2020 employment report

Click here to download program-specific data broken out by 2Y, 1Y and MMM programs. Please note full program breakout data is not available prior to 2020.

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Northwestern University
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