Base Salaries

Industry - Full Time

Base Salary Acceptances - by Industry, Full-time Class of 20181

Industry Percent(%) Low($) High($) Average($) Median($)
Consulting 30.1% 82,800 170,000 140,830 147,000
Consumer Packaged Goods 7.0% 24,000 135,000 106,667 107,000
Apparel / Textiles 0.6% * * * *
Food and Beverage 3.0% 68,000 122,000 105,500 107,500
Household / Personal 2.3% 98,000 135,000 111,273 107,000
Other 1.1% 100,000 125,000 111,000 105,000
Energy 0.6% * * * *
Financial Services 13.7% 23,282 300,000 135,689 125,000
Commercial Banking 0.4% * * * *
Diversified Financial Services 1.1% 93,000 150,000 120,200 120,000
Hedge Funds 0.2% * * * *
Insurance 0.6% * * * *
Investment Banking / Brokerage 5.7% 23,282 225,000 126,881 125,000
Investment Management 1.5% 125,000 150,000 139,857 144,000
Private Equity 3.6% 94,000 300,000 156,706 150,000
Venture Capital 0.2% * * * *
Other 0.4% * * * *
Health Care Products and Services 7.4% 55,542 160,000 119,513 120,000
Biotechnology 0.2% * * * *
General 1.5% 100,000 117,371 110,482 110,000
Medical Devices 1.5% 115,000 140,000 127,143 125,000
Pharmaceutical Manufacturers 1.1% 115,000 130,000 119,000 117,000
Pharmaceutical Other 0.6% * * * *
Providers & Services 2.3% 88,000 160,000 125,231 125,000
Other 0.2% * * * *
Hospitality / Tourism 0.2% * * * *
Manufacturing 4.4% 95,000 135,000 117,000 120,000
Automotive 1.1% 115,000 130,000 120,330 120,000
Chemicals 0.4% * * * *
General 0.8% 95,000 120,000 113,750 120,000
Heavy Equipment 0.4% * * * *
Other 1.7% 108,585 120,000 117,323 120,000
Media/Entertainment 1.1% 110,000 155,000 128,000 125,000
Entertainment / Leisure / Recreation 0.6% * * * *
General 0.2% * * * *
Radio / TV / Cable / Film 0.2% * * * *
Nonprofit 0.6% * * * *
Other 0.8% 97,000 175,000 129,250 122,500
Agribusiness 0.6% * * * *
Education - For Profit 0.2% * * * *
Real Estate 2.7% 85,000 140,000 116,167 117,500
Commercial 1.3% 85,000 140,000 116,500 119,500
General 0.6% * * * *
Residential 0.6% * * * *
Other 0.2% * * * *
Retail 2.5% 45,000 140,000 98,922 108,000
Technology 28.3% 30,000 180,000 127,751 130,000
Equipment / Hardware / Networking 2.1% 99,200 140,000 130,633 135,000
FinTech 0.8% 105,000 150,000 125,000 122,500
General 6.4% 30,000 168,000 128,406 130,000
HealthTech 0.2% * * * *
Internet Services / E-Commerce 9.3% 72,000 150,000 127,624 130,000
Multimedia Products & Services 0.2% * * * *
Software 7.4% 36,000 180,000 125,235 125,000
Telecommunications - Services 0.6% * * * *
Other  1.3% 128,000 145,000 133,250 130,000
Transportation & Logistics Services 0.6% * * * *
191% of job accepting graduates provided usable salary information.
*Reporting numbers insufficient to provide salary data.

Function - Full Time

Base Salary Acceptances - by Function, Full-time Class of 20181

Function Percent(%) Low($) High($) Average($) Median($)
Consulting 32.4% 82,800 170,000 139,592 147,000
Finance/Accounting 13.3% 23,282 300,000 134,078 125,000
Analyst/Research 0.2% * * * *
Corporate Finance 2.5% 110,000 300,000 143,500 127,500
General 0.6% * * * *
Investment Banking 5.5% 82,500 225,000 130,865 125,000
Investment Management 1.5% 125,000 175,000 145,571 145,000
Mergers & Acquisitions 2.4% 23,282 200,000 139,389 150,000
Private Client Services / Wealth Management 0.2% * * * *
Risk Management  0.2% * * * *
Other 0.2% * * * *
General Management 11.6% 30,000 160,000 120,178 120,000
General Management 5.1% 100,000 160,000 127,577 125,000
General Manufacturing 0.2% * * * *
Project Management 1.1% 72,000 140,000 109,400 118,000
Retail Management 0.2% * * * *
Rotational / Development Program 4.0% 88,000 152,000 119,649 120,000
Service Operations 0.4% * * * *
Other 0.6% * * * *
Human Resources 0.6% * * * *
Information Technology 9.5% 75,000 150,000 127,071 130,000
Business Analysis and Design 1.7% 125,000 150,000 136,625 137,500
E-Commerce / Internet / Web Site Management 2.8% 81,000 142,000 129,333 132,500
General 4.0% 75,000 142,000 123,353 130,000
Integration / Implementation 0.4% * * * *
Product Management 0.6% * * * *
Marketing/Sales 18.9% 24,000 180,000 119,511 117,000
Brand/Product Management 12.0% 55,542 180,000 118,465 115,000
Buyer / Merchandising 0.2% * * * *
General 3.3% 24,000 150,000 112,250 120,000
Product Development 1.5% 105,000 135,000 123,786 126,500
Sales 1.1% 100,000 155,000 125,600 120,000
Other 0.8% 117,000 165,000 145,500 150,000
Operations/Logistics 2.1% 68,000 175,000 118,000 125,000
Operations/Production 1.9% 68,000 175,000 115,556 125,000
Supply Chain/Logistics 0.2% * * * *
Other 9.5% 36,000 200,000 119,655 120,000
Business Development 1.7% 115,000 168,000 129,714 125,000
Corporate Development 1.9% 100,000 152,000 121,183 120,000
Data Analytics 0.8% 50,000 150,000 110,375 120,750
Education (Administrator/Faculty) 0.2% * * * *
Entrepreneurship 0.2% * * * *
Fundraising / Development 0.2% * * * *
Real Estate - General 2.1% 85,000 140,000 118,222 120,000
Other 2.4% 36,000 142,000 111,455 119,000
Strategic Planning 2.1% 90,000 153,000 126,400 127,500
191% of job-accepting graduates reported usable salary information.
*Reporting numbers insufficient to provide salary data

Industry - Internships

Monthly Salaries1 - by Industry, Summer Interns, Class of 20192

Industry Percent(%)3 Low($) High($) Average($) Median($)
Consulting 25.8% 2,000 15,000 11,002 12,000
Consumer Products 8.3% 800 16,000 7,218 7,400
Apparel/Textiles 1.0% 5,802 14,800 8,150 6,587
Food and Beverage 4.5% 1,000 16,000 7,205 7,400
General 0.2% * * * *
Household/Personal 1.6% 7,250 7,708 7,537 7,616
Luxury Goods 0.4% * * * *
Other 0.6% * * * *
Energy 1.2% 2,800 8,400 6,320 6,800
Financial Services 11.9% 802 13,000 8,343 9,250
Commercial Banking 0.2% * * * *
Diversified Financial Services 1.4% 6,250 10,417 8,662 9,833
Investment Banking/Brokerage 4.2% 4,000 13,000 10,309 10,417
Investment Management 1.2% 5,000 10,417 8,367 8,000
Private Equity 2.4% 4,000 10,000 6,876 7,000
Venture Capital 2.3% 802 8,800 4,771 4,000
Other 0.2% * * * *
Government 0.2% * * * *
Healthcare Products and Services 9.2% 1,524 20,000 6,970 7,200
Biotechnology 0.2% * * * *
General 1.2% 6,400 14,300 8,887 7,612
Medical Devices 0.4% * * * *
Pharmaceutical Manufacturers 1.6% 1,524 9,000 6,198 6,729
Pharmaceutical Other 1.8% 3,825 8,860 7,271 7,500
Providers & Services 2.8% 3,168 20,000 7,322 8,000
Other 1.2% 2,015 7,000 4,133 3,652
Manufacturing 5.7% 2,500 11,000 7,446 8,000
Automotive 1.2% 7,300 8,000 7,533 7,450
Chemicals 0.4% * * * *
General 1.6% 2,800 11,000 7,007 8,500
Plastics / Rubber 0.2% * * * *
Other 2.3% 4,000 9,100 7,918 8,500
Media/Entertainment 1.0% 5,440 7,200 6,033 5,747
Nonprofit 2.8% 500 10,000 3,752 2,880
Education 0.2% * * * *
Consulting 0.6% * * * *
General 1.2% 2,000 10,000 5,600 4,000
Social Enterprise 0.8% 500 2,000 1,375 1,500
Other 1.4% 1,666 9,000 5,029 4,500
Agribusiness 0.6% * * * *
Economic Development / Microfinance 0.2% * * * *
Education - For Profit 0.2% * * * *
Sports & Sports Management 0.4% * * * *
Real Estate 1.4% 3,000 9,350 6,550 6,700
Retail 2.3% 4,000 10,000 6,680 7,000
Technology 27.4% 1,560 15,000 7,613 8,000
Equipment/Hardware/Networking 2.8% 3,333 13,664 7,962 8,960
FinTech 0.2% * * * *
General 5.4% 2,080 15,000 7,095 8,000
HealthTech 0.4% * * * *
Internet Services/E-Commerce 6.9% 1,560 12,400 8,234 8,500
Multimedia Products & Services 0.6% * * * *
Software 9.9% 2,640 12,000 7,589 8,000
Telecommunications Services 0.2% * * * *
Other  1.0% 2,000 7,600 4,780 4,760
Transportation & Logistics Services 1.4% 2,250 8,000 6,673 7,600
1One percent of students reported accepting an unpaid summer internship.
2Data for sponsored students reporting summer internship details is included in this table.
3Five students reported accepting multiple internships.
*Reporting numbers insufficient to provide salary data.

Function - Internships

Monthly Salaries1 - by Function, Summer Interns, Class of 20192

Function Percent(%)3 Low($) High($) Average($) Median($)
Consulting 29.0% 2,000 14,083 10,499 11,530
Finance/Accounting 11.3% 802 13,000 7,987 8,500
Analyst/Research 0.8% 2,500 4,000 3,500 4,000
Corporate Finance 1.0% 6,098 8,500 7,460 7,615
General 2.1% 1,524 10,500 6,630 8,000
Investment Banking 3.6% 4,000 13,000 10,255 10,417
Investment Management 1.4% 802 10,000 6,134 8,000
Mergers & Acquisitions 1.4% 5,280 12,500 8,276 8,000
Private Client Services/Wealth Management 0.4% * * * *
Other 0.6% * * * *
General Management 7.0% 1,666 11,000 7,667 8,000
Customer Relations 0.4% * * * *
General Management 3.8% 1,666 11,000 7,688 8,000
Project Management 1.2% 8,000 8,800 8,460 8,500
Rotational/Development Program 1.2% 4,000 9,700 7,663 7,840
Manufacturing 0.2% * * * *
Other 0.2% * * * *
Human Resources 0.2% * * * *
Information Technology 10.4% 2000 15,000 7,771 8,000
Business Analysis and Design 1.6% 3,000 8,500 7,165 7,840
E-Commerce/Internet/Web Site Management 2.1% 5,974 14,300 8,554 8,157
General 6.3% 2,000 15,000 7,790 8,000
Other 0.4% * * * *
Marketing/Sales 18.3% 1,000 16,000 7,330 7,616
Buyer/Merchandising 0.2% * * * *
Brand/Product Management 9.3% 1,000 16,000 7,897 7,960
General 4.4% 3,333 12,000 7,183 7,293
Merchandising / Retail 0.8% 1,560 9,167 5,807 6,250
Product Development 1.8% 2,000 10,000 6,655 7,700
Research/Consumer Insights 1.0% 2,015 7,500 5,413 6,300
Sales 0.4% * * * *
Other 0.4% * * * *
Operations/Logistics 1.6% 7,400 13,664 9,034 8,500
Other 14.7% 500 20,000 6,425 6,933
Administration 0.2% * * * *
Business Development 4.4% 500 9,167 5,931 6,733
Corporate Development 2.1% 1,000 9,000 5,887 5,550
Data Analytics 0.6% * * * *
Economic Analysis/Research 0.4% * * * *
Entrepreneurship 0.6% * * * *
Fundraising / Development 0.6% * * * *
Health Care/Medical Professional 0.6% * * * *
Real Estate - General 1.6% 3,000 9,350 6,111 6,350
Other 3.6% 2,400 12,500 7,363 7,950
Strategic Planning 7.5% 2,000 14,800 6,816 7,384
1 1% of students reported accepting an unpaid summer internship.
2 Data for sponsored students reporting summer internship details is included in this table.
3 Five students reported accepting multiple internships.
* Reporting numbers insufficient to provide salary data.

Please note that the 2014, 2015, 2016, 2017 and 2018 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.

Past Employment Report Archive

2018, 2017, 2016, 2015, 2014, 2013, 2012, 2011, 2010, 2009, 2008, 2007, 2006, 2005
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Kellogg School of Management

Northwestern University
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