Kellogg School of Management MBA program – A complete guide

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The Kellogg School of Management at Northwestern University, also called Kellogg, is the business school at Northwestern University, a private research university in Evanston, Illinois. Kellogg, which started in 1908, is one of the oldest and most prestigious business schools in the world. Its faculty, alumni, and students have made important contributions to fields like marketing, management sciences, and decision sciences.

Kellogg School of Management MBA program

General Information on Kellogg School of Management

Location – Northwestern University, 2211 Campus Drive, Evanston, IL 60208

Dean – Francesca Cornelli

Admissions Office – Kellogg School of Management, Northwestern University, 2211 Campus Drive, Evanston, IL 60208

Phone: +1-847-491-3300

Email: MBAadmissions@kellogg.northwestern.edu

Social media – Facebook, Twitter, YouTube, Instagram, LinkedIn

Kellogg  MBA – By the numbers

Here are a few important statistics for the latest class i.e. class of 2024 of the Kellogg School of Management

Applications Received8264
Class Size503
Average GMAT Score729
GMAT Range620-780
Median GRE Score325
GRE Range298-339
Average GPA3.70
Work Experience (Average)5 years
Tuition Cost for a Single Person$78,276
Percentage of students that received a job offer99%
Median Base Salary$165,000
Median Signing Bonus$30,000

Now, let’s take a look in detail at the latest incoming class i.e., the class of 2024 of Kellogg School of Management.

Kellogg MBA class profile 2024

Enrollment

Kellogg School of Management did not disclose the number of applications it received for the 2022 admissions. However, 503 candidates enrolled in Kellogg as the full-time MBA class of 2024.

  • Total Enrolled in Kellogg full-time MBA class of 2024 – 503
Kellogg mba class size and diversity

Diversity

Business Schools care a lot about maintaining diversity in the class. Nearly half (48%) of the Kellogg MBA class of 2024 is female and 38% of students are international citizens. 

More details are below.

  • % women in the Kellogg class of 2024 – 48%
  • % international students in the Kellogg class of 2024 – 38%

Test Scores and GPA

Kellogg School of Management is home to some of the brightest minds in the world. So, it’s quite understandable that the GPA and test scores will be on the higher side. The average GPA of the Kellogg class of 2024 is 3.7, the average GMAT score is 729, and the median GRE score is 325.

Kellogg mba class GPA, GMAT, and GRE

Average GPA – 3.7

GMAT Score

  • Average GMAT – 729
  • GMAT Range: 620-780

GRE Score

  • Median GRE – 325
  • GRE Range – 298-339
  • Median GRE Quant – 163
  • GRE Quant Range: 148-170
  • Median GRE Verbal – 162
  • GRE Verbal Range: 150-169

Undergraduate Major

The highest number of Kellogg MBA class of 2024 students have a background in Business/Economics (45%) followed by STEM programs (38%) and Humanities (24%). 

You’ll find that the total percentage comes out to be more than 100%. The reason is that Kellogg has counted double majors across multiple categories.

More details are in the table below:

Undergraduate MajorPercentage of Wharton class of 2024
STEM38%
Humanities24%
Business/Economics45%
Kellogg mba class pre mba industry experience

Pre-MBA industry of Kellogg  MBA class of 2024

Every student in the Kellogg class of 2024 has some work experience. The average work experience is 5 years. 24% of the Kellogg class of 2024 has a background in Consulting followed by Financial services (19%) and Technology (14%). More details are in the table below:

Pre-MBA industry% of Kellogg class of 2024
Consulting24%
Financial Services19%
Technology17%
Consumer Products7%
Health Care/Biopharma7%
Nonprofit/Government/Education7%
Media & Entertainment4%
Military4%
Manufacturing2%
Energy2%
Other8%

MBA Application Deadlines

The application dates for the Kellogg MBA Class of 2025 (incoming class of 2023) are

Application RoundDeadlineDecisions
Round 1Sep 14, 2022Dec 14, 2022
Round 2Jan 10, 2023Mar 28, 2023
Round 3Apr 5, 2023May 10, 2023

Now that you know the education and industry background of the latest class of Kellogg School of Management, you must have an idea of where you stand compared to them. To get into Kellogg School of Management try to match or exceed these numbers. Now, let’s take a look at the compensation that Kellogg  MBA students get after they graduate.

Kellogg MBA employment statistics – Class of 2022

The Kellogg School of Management class of 2022 received a median base salary of $165,000. Moreover, 87% of the class received a median signing bonus of $30,000.

Here are the details:

  • Median Base Salary – $165,000
  • Median Signing Bonus – $30,000 – 87% Receiving
  • 99% received an offer within 3 months of graduating

Employment by Industry

40% of the Kellogg  MBA class of 2022 found employment in consulting followed by 21% in Technology, and 16% in Financial Services.

More details are in the below table.

Industry% Kellogg MBA class of 2022 hired
Consulting40%
Technology21%
Financial Services16%
Consumer Packaged Goods10%
Health Care4%
Others9%

Median Salary by Industry

Candidates finding employment in Consulting received the highest median salary of $175,000. Candidates who found a job in Financial Services received a median salary of $170,000. Technology companies paid a median salary of $145,860 to the Kellogg  MBA class of 2022 students.

IndustryMedian Salary
Consulting$175,000
Technology$145,860
Financial Services$170,000

Employment by Location

Majority (95%) of the Kellogg  MBA class of 2022 found employment in the United States. A mere 5% chose to work outside the US. In the US, 32% found jobs in the Mid West and 22% in the East. More details are below.

Location

  • United States - 95%
  • International - 5%

United States

  • Midwest - 32%
  • East - 22%
  • South - 11%
  • West - 30%

Hiring trend at Kellogg School of Management

The median salary has increased constantly since 2019. It has increased by 18% since 2019. The median signing bonus has remained constant though. Moreover, the share of jobs in the Tech industry has increased the most from 12% in 2013 to 20.5% in 2022. However, there has been a dip in the tech job lately, decreasing from 26% in 2021 to 20.5% in 2022.

More details are below

Statistics2022202120202019
Median Base Salary$165,000$150,000$144,000$140,000
Median Signing Bonus$30,000$30,000$30,000$30,000
% Receiving Bonus87%86%93%83.60%
Median Total Pay$191,100$175,800$172,200$165,080
Offers by 3 Months99%97%95%98%
Acceptances By 3 Months97%96%93%95%
YearFinancial ServicesConsultingTechnology
201320.0%36.0%12.0%
201414.0%35.0%18.0%
201519.0%35.0%15.0%
201613.0%33.0%22.0%
201713.0%33.0%25.0%
201814.0%30.0%28.0%
201918.0%31.0%26.0%
202014.0%39.0%25.0%
202115.0%37.0%26.0%
202216.0%40.0%20.5%

This is what the salaries look like at Kellogg School of Management. However, you should also know how much will it cost to attend Kellogg School of Management. The next section explains this in detail.

Cost of Attendance

Here is the estimated cost of attendance for the 2-year MBA program at Kellogg School of Management for the 2022-23 session. This chart represents the percentage of each component of the total cost of attending a full-time MBA program at the Kellogg School of Management.

PROGRAMTWO-YEAR MBA
Tuition$78,276
Room & Board$19,800
Books & Supplies$1,647
Travel$1,329
Personal$3,150
Health Insurance$4,698
Computer Equipment$1,200
University Health Services Fee$780
Student Activity and Experience Fee$1,400
Student Association Fee$330
First Year Fee$2,000
Loan Fees$2,649
Estimated Expenses$117,259

Kellogg  Scholarships

Funding your business school education can be challenging. To help you meet this challenge Kellogg offers different scholarships based on merit or financial need to newly admitted students, awarded at the time of admission. Scholarship opportunities for rising second-year students are also available.

Scholarship Spotlight: Austin Scholars & Finance Fellows

Austin Scholars

The F.C. Austin Scholarship is awarded to a select cohort of high-potential students within the Two-Year and MMM Programs. Austin Scholars are selected because they have demonstrated exceptional leadership in academic and professional endeavors and show promise of outsized impact at Kellogg and beyond. Applicants are considered for the Austin Scholarship based on their Kellogg application.

The Austin Scholarship is one of the largest scholarships that Kellogg offers. In addition to generous scholarship, the F.C. Austin Scholars program also provides students with opportunities for leadership development and fellowship, including mentorship from three of Kellogg’s most revered faculty members, fireside chats with industry leaders and executives, and a rich community among their Austin cohort and the vast Austin Scholar alumni network.

To learn more about the F.C. Austin Scholars program, please visit their homepage.

Finance Fellows

Finance Fellows is a new, full-tuition scholarship for students in the Two-Year Program who are committed to making an impact in a finance industry or function. The Finance Fellows Program offers specific engagement opportunities with notable finance leaders and mentorship with Kellogg alums and faculty. 

In order to be considered for Finance Fellows, candidates must complete an additional essay in the ‘Career Goals’ section of their Kellogg application. Once a finance industry or finance function is selected in the ‘industry desired after Kellogg’ or ‘functional area desired after Kellogg’ sections, the following essay prompt will appear: “What excites you about finance? How do you plan to make an impact as you pursue a finance career after earning your Kellogg MBA?”. Applying to the Finance Fellows award is optional, and will not have any bearing on the review of your application to Kellogg.

Merit Based Scholarships

Kellogg awards merit scholarships to exceptional students who have demonstrated excellence in one or more areas of their applications. Admitted students are automatically considered for all merit scholarships for which they are eligible, with the exception of the Finance Fellows, which has a supplemental essay housed within your Kellogg application. Students are informed of merit scholarships at the time they are admitted. 

Kellogg School of Management awards a variety of merit scholarships that include but are not limited to:

  • Africa Scholars –  Awarded to citizens of African countries to provide opportunities to admitted students from Africa. 
  • Brodsky Scholarship - Awarded to an incoming JD-MBA student from the Chicagoland area.
  • Charles J. Schaniel Scholarship – Awarded to an outstanding student with an interest or background in accounting. 
  • David Himmelblau Scholarship - Awarded to one student based on overall achievement and academic abilities. 
  • David F. and Margaret T. Grohne Family Foundation Scholarship — Provides support to an exceptional student in the Two-Year MBA and MMM Programs
  • Diversity Scholarship – Awarded to extraordinary students who share a commitment to diversity.
  • Donald P. Jacobs International Scholarships – Awarded to strong international students in the Two-Year MBA and MMM Programs.
  • Finance Fellows - Awarded to a cohort of students admitted to the Two-Year MBA for commitment to and demonstrated impact in the finance industry or a finance function. 
  • Forté Foundation Scholarship – Awarded in partnership with the Forté Foundation to female students based on a demonstrated commitment to women and girls via community involvement or personal mentorship.
  • Frederick C. Austin Scholarships – Awarded to a cohort of students admitted to the Two-Year MBA or MMM Programs for academic excellence, demonstrated leadership, and community impact.
  • Glen W. Fawcett Scholarship Fund – Awarded to a strong representative of Phi Delta Theta Fraternity.  
  • George Terry Trust Award – Awarded to an outstanding student graduating from a US based college or university
  • Hawryluk Scholars Award - Awarded to a group of students with interest and goals in healthcare, and inclusive of mentorship from alum and Healthcare faculty.
  • Healthcare at Kellogg Scholarship - Awarded to an outstanding student interested in pursuing a career in healthcare.
  • James P. Gorter ScholarshipAwarded to outstanding students from under-represented backgrounds in the Two Year MBA or MMM program.
  • John R. Flanagan Excellence Grant – Awarded to a student with outstanding merit with an interest in Finance. 
  • Kellogg Finance Network (KFN) Scholarship – Awarded to a student with outstanding merit with an interest in finance.
  • Kellogg Scholarship – Awarded to students in Kellogg's full time programs based on overall achievements, demonstrated leadership, and academic abilities.
  • Peter L. Frechette Endowed Scholarship - Awarded to students demonstrating exceptional academic and extracurricular pursuits. 
  • PepsiCo Scholarship – Awarded to outstanding students with an interest and/or background in marketing
  • Posse Scholarship – Provides full tuition, awarded to extraordinary alums of The Posse Foundation with academic and leadership potential.
  • Reaching Out MBA Fellowship – Kellogg partners with Reaching Out MBA and offers scholarship opportunities to develop LGBT business leaders of tomorrow.
  • Robert A. & Helen E. Gottschal Scholarship – Awarded to an extraordinary student with an interest in entrepreneurship.

Financial Need Based Scholarships

Admitted One-Year MBA, Two-Year MBA, and MMM applicants who are U.S. citizens and permanent residents may be considered for financial need-based scholarships. To be considered, you must complete the Financial Need-Based Scholarship Application during the admission process and will receive the application prior to decision release. This application will have no impact on an applicant's admission decision.    

Current students in the Two-Year MBA and MMM Programs who received a Financial Need Based Scholarship in their first year are eligible to have their award renewed for their second year if satisfactory academic progress is maintained.

There are a number of additional scholarship opportunities for students entering their second year who have demonstrated strong leadership and academic excellence.

McGowan Fellows Program for Second-Year Students — Provides full tuition to one second-year MBA student who demonstrates academic excellence, leadership potential and dedication to public service.

The McGowan Fellows Program was established in 2010 to create a select community of highly talented, young business leaders who are dedicated to ethical leadership and public service. Over time, the Fellows can exert significant influence toward the betterment of society and the workplace.

The William G. McGowan Charitable Fund partners with ten top business schools to select ten Fellows annually. Kellogg School of Management is charged with selecting one second-year MBA student who demonstrates the highest academic excellence, leadership potential, and dedication to public service.

The scholarship provides full tuition for their second year of MBA study, a mentor chosen by their home school, and lifelong membership in the Community of Fellows.

McGowan Fellows are Required to:

  • Attend McGowan Symposium on Business Leadership and Ethics held at one of the participating schools.
  • Participate in a group project over the Fellowship year which requires 2-3 hours a week.
  • Attend a spring working retreat
  • Engage meaningfully with a mentor

McGowan Fellows Criteria:

  • Students must have:
    • Completed their first year of MBA study
    • Achieved an academic ranking in the top 5% of their class.
    • Demonstrated leadership and a dedication to ethical leadership and social betterment.
    • Agreed to receive mentoring from a Kellogg-assigned executive-level business leader.

A selection committee comprised of Kellogg faculty and administrators will select the McGowan Fellow.

Read more information about the William G. McGowan Charitable Fund.

Final Thoughts

Getting an MBA from Kellogg School of Management is a dream for most MBA applicants. Kellogg School of Management is one of the best business schools in the world, so getting into it can be hard. Even though there is no foolproof method to ensure admission to Kellogg, you can improve your chances significantly by working diligently on your application. We can help you get into Kellogg School of Management. Our consultants include Kellogg alumni who will give you the most accurate advice and guidance you’ll need to get into Kellogg. So, get started now.

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