CAREER MANAGEMENT CENTER Employment Report “One of the most important things we do is to connect companies with the right individuals, groups and resources at Kellogg — students, faculty, alumni and the administration. That’s when we 2009 all realize the full value of creating and sustaining strong relationships.” Table of Contents 4 Class of 2009 Profile 5 Demographic Information: Class of 2009 5 Base Salary Acceptances by Work Experience 5 Base Salary Acceptances by Undergraduate Degree 5 Base Salary Acceptances by Age 5 Base Salary Acceptances by Gender 5 Base Salary Acceptances by Geographic Distribution 6 Major Industries Chosen by Graduates, 2005-2009 6 Class of 2009 Graduate Base Salary Acceptances by Industry 7 Major Functions Chosen by Graduates, 2005-2009 7 Class of 2009 Graduate Base Salary Acceptances by Function 8 Major Employers 9 Graduate Sign-On Bonus by Industry Group 9 Graduate Sign-On Bonus by Functional Group 10 Corporate Recruiters 11 Job Acceptances: Class of 2009 by Company 15 Job Acceptances: Class of 2009 by Student 15 Two-Year MBA & JD-MBA students 27 One-Year MBA students 29 MMM students 30 Part-Time MBA students 33 Major Industries Chosen by Summer Interns, 2005-2009 33 Class of 2010 Summer Intern Salary Acceptances by Industry 34 Major Functions Chosen by Summer Interns, 2005-2009 34 Class of 2010 Summer Intern Salary Acceptances by Function 35 Major Summer Intern Employers 36 Summer Acceptances: Class of 2010 by Company 41 Summer Acceptances: Class of 2010 by Student 41 Two-Year MBA & JD-MBA students 54 MMM students 57 Kellogg Corporate Affiliates 58 Career Management Center Staff The power of collaboration Cover quote: Roxanne Hori, Assistant Dean and Director, Career Management Center Kellogg School of Management 1 he Kellogg School of Management at Companies that sustain relationships with the Kellogg Northwestern University is well known for its School also benefit from other mutually rewarding emphasis on collaboration and teamwork inside opportunities and programs. Firms can participate in the Tand outside the classroom. This same spirit is Global Initiatives in Management program, experiential evident in the school’s partnership with companies and learning opportunities, classes, conferences, and more. organizations that look to Kellogg for their future leaders. And, of course, many companies have established Finding the right fit requires a team effort. valuable connections with our world-class faculty who, through their research, innovations and thought As the front line for that team, the Kellogg Career leadership, are helping to define the science and practice Management Center staff work hard to build and maintain of management in the 21st century. strong relationships with the companies and organizations that recruit our students. The more we understand their More than the numbers missions, goals and staffing needs, the better we can The Kellogg School of Management 2009 Employment represent their interests to our students and, similarly, the Report provides valuable information for companies better we can offer advice and guidance to our students. interested in recruiting at Kellogg; prospective students who factor employment results when selecting a business This has proven particularly true in the current economic school; current students who are evaluating job prospects environment, where the breadth of opportunities and and possibilities, and alumni who take a great interest and future prospects aren’t always evident in annual reports pride in what’s happening at Kellogg. and financial statements. We believe in helping our students gain a complete picture before making career- As informative as the numbers may be, the Career defining decisions. Management Center can offer additional insight into what they mean for you. Regardless of your current relationship Expanding the relationship with Kellogg or the nature of your interest in our career The Kellogg School offers a wide variety of opportunities services, we invite you to collaborate with us in facing your for employers to connect with our students, including challenges and fulfilling your needs. on-campus presentations and interviews, job postings, outbound treks by students, site visits to companies by For more information please visit kellogg.northwestern. our staff and our highly successful internship program. edu/career, call us at 847.491.3168, or email [email protected]. For staff contact information, please see page 58. 2 Breadth. Depth. Diversity. Talent. ur 2009 employment report underscores the qualities that make Kellogg a universally attractive source for management talent. The breadth of industries that successfully recruit at Kellogg is Otestament to the strength of our academic programs across all business and management disciplines. Our class size adds depth to that breadth; companies with even the most exacting requirements can nearly always identify a Kellogg graduate who can fulfill their specific needs. And the diversity of our students—in terms of culture, origin, professional experience, and educational background—enriches the pool of talent from which companies can draw. 3 Class of 2009 Profile Demographics Number of students graduating in the class of 2009 776 Two-Year MBA students 505 One-Year MBA students 75 Part-Time MBA students 115 MMM students* 58 JD-MBA students** 23 Age range at graduation 26-41 Full time work experience 100% Average length (years) 5.3 Female 34% Minority 22% International 34% Undergraduate majors Business 25% Economics 18% Engineering/Sciences 33% Social Sciences/Humanities 24% Undergraduate institutions represented 237 Employment summary Number of graduates reporting employment status to CMC 590 Number of graduate acceptances reported 551 Number of 1st year students reporting employment status to CMC 522 Number of internship acceptances reported 521 * Dual-degree MBA + MEM program in design and operations. ** Joint Law School/Kellogg students. 4 Demographic Information – Class of 2009 Base Salary Acceptances by Geographic Distribution Region Percent* Range ($) Average ($) Median ($) Base Salary Acceptances by Work Experience United States 78 53,000-320,000 111,003 110,000 Experience Percent* Range ($) Average ($) Median ($) Northeast1 14 57,000-320,000 109,043 105,000 1-2 Years 7 85,000-250,000 113,880 111,000 Boston 2 57,000-320,000 128,781 125,000 3-5 Years 45 34,000-320,000 110,340 110,000 New York City 9 60,000-165,000 106,917 105,000 6-9 Years 46 50,000-240,000 110,378 109,500 Other Northeast 2 85,000-120,000 97,150 95,000 10-15 Years 2 90,000-175,000 121,250 120,000 Mid-Atlantic2 3 75,000-126,000 101,850 95,750 Philadelphia 1 90,000-125,000 102,150 95,750 Base Salary Acceptances by Undergraduate Degree Washington D.C. 2 75,000-126,000 102,556 100,000 Degree Percent* Range ($) Average ($) Median ($) South3 3 85,000-132,000 109,769 120,000 Nontechnical 42 50,000-250,000 108,250 100,000 Midwest4 34 65,000-300,000 114,149 110,000 Technical 47 34,000-320,000 111,619 110,000 Chicago 28 65,000-300,000 118,091 120,000 Other 11 80,000-300,000 117,250 120,000 Minneapolis 4 85,500-125,000 95,780 95,000 Base Salary Acceptances by Age Other Midwest 2 82,000-125,000 100,500 97,500 Age Percent* Range ($) Average ($) Median ($) Southwest5 7 70,000-150,000 110,619 112,500 25-26 5 71,000-135,000 106,497 104,000 Dallas/Ft. Worth 2 85,000-130,000 116,154 125,000 27-29 49 34,000-320,000 110,040 110,000 Other Southwest 4 70,000-150,000 107,348 103,000 30 or > 46 40,000-250,000 112,013 110,000 West6 17 53,000-210,000 108,410 110,000 Los Angeles 3 53,000-130,000 102,941 97,000 Base Salary Acceptances by Gender San Francisco 10 80,000-210,000 114,872 115,000 Gender Percent* Range ($) Average ($) Median ($) Seattle 2 90,000-125,000 107,000 110,000 Female 35 63,600-230,000 105,767 100,000 Other West 2 67,500- 97,500 88,167 90,000 Male 65 34,000-320,000 113,514 110,000 International 22 34,000-250,000 109,890 109,500 *Percentages have been rounded to the nearest whole number. Africa † Asia - East Asia 9 40,000-240,000 109,032 110,000 Asia - South/Southeast 1 34,000-150,000 98,500 105,000 Australia/South Pacific † Caribbean † Europe - Eastern † Europe - Western 3 80,000-250,000 118,600 112,000 Europe - London 2 88,000-160,000 111,389 105,000 Middle East † North America - Non U.S. 2 50,000-148,000 107,000 112,500 South America 3 63,600-140,000 106,114 100,000 1. Including CT, MA, NH, NJ, NY, RI *Percentages have been rounded to the nearest whole number. 2. Including DC, DE, MD, PA, VA †Less than 1 percent of accepted offers. 3. Including AR, GA, NC 4. Including IL, IN, KS, MN, OH, WI 5. Including CO, TX 6. Including CA, NV, WA Employment Report — Class of 2009 Job Acceptances 5 Major Industries Chosen by Graduates 2005-2009 Graduate Base Salary Acceptances by Industry Percent of Acceptances* Industry Percent* Range ($) Average ($) Median ($) Industry 2009 2008 2007 2006 2005 Manufacturing 27% 34,000-185,000 99,449 96,000 Consulting 38 33 31 33 32 Biotechnology 1% 95,800-110,000 100,075 97,250 Consumer & packaged goods 10 10 10 11 11 Computer hardware 2% 93,000-125,000 106,625 103,000 High-tech manufacturing & services 9 9 9 11 8 Computer software 3% 80,000-140,000 110,143 113,500 Investment banking, brokerage & securities 5 12 11 8 11 Energy 2% 105,000-132,000 115,875 112,500 Media & entertainment 2 1 2 – – Food/beverage 8% 50,000-185,000 95,359 95,000 Other financial services, private equity 10 13 14 10 11 Healthcare products 3% 63,600-128,000 100,186 101,250 & venture capital Household/personal products 2% 80,000- 97,000 93,227 95,000 Other manufacturing 5 6 5 7 5 Medical devices 2% 34,000-117,000 89,438 99,250 Other services 13 10 13 13 13 Pharmaceuticals 1% 85,000-120,000 101,168 99,000 Pharmaceutical, biotechnology, healthcare 8 6 7 7 9 Widely diversified manufacturing 1% 85,500-95,750 91,687 92,750 *Percentages have been rounded to the nearest whole number.