Top MBA programs and Best Business Schools for Consulting

Question

Top MBA programs and Business schools for Consulting

Which are some of the best business schools for Consulting?
Which school sends more graduates into Consulting?
Which are the top feeder schools for Consulting?
Which school graduates get the highest salary in Consulting?
How easy or hard is it to get into a top Consulting school?
Which school to choose among the top Consulting schools?

We will try to answer all the above questions through the following data.

Top schools for Consulting      School    Acceptance rate    Average GMAT score    % of graduates in Consulting    No of graduates in Consulting    Median Base Salary     Harvard  12.50%  727  23%  216  $165,000    Stanford  6.20%  738  18%  68  $165,000    Wharton  18.20%  733  27%  205  $165,000    Kellogg  26%  727  33%  219  $165,000    Booth  22.60%  730  34%  158  $165,000    Sloan  12.10%  728  28%  116  $165,000    Fuqua  19.20%  713  32%  112  $158,293    INSEAD    709    329  $118,500    Columbia  15.70%  732  33%  254  $165,000    Haas  17.60%  726  28%  60  $165,000    Michigan Ross  20.20%  722  35%  146  $165,000    UCLA Anderson  29.80%  713  16%  56  $160,000    Darden  29.90%  715  32%  95  $165,000    NYU Stern  19.5%  729  31%  110  $165,000    Cornell Johnson  29.50%  704  29%  81  $155,000    CMU Tepper  29.70%  691  37%  86  $43,125    Tuck  29.50%  724  36%  91  $165,000    Yale  23.60%  726  34%  106  $165,000    Emory Goizueta  53.10%  692  40%  59  $158,000    Kenan-Flagler  44.30%  696  18%  54  $155,000    McCombs  35.50%  708  23%  48  $160,000    IESE  26%  681  34%  123  $113,500    HEC Paris  19%  690  16%  45  $103,703    LBS  20%  701  38%  189  $116,323    UW Foster  35.20%  704  22%  28  $137,211    McDonough  48.10%  704  26%  72  $145,000    USC Marshall  23%  716  20%  44  $160,000    Rotman  20%  678  17%  57  $82,826    Kelley Indiana  31.50%  679  21%  29  $150,000    Oxford Said  25%  690  21%  65  $95,500    NUS Singapore  25%  670  20%  24  $61,755    Cambridge Judge  21%  687  25%  56  $121,903

Best MBA Programs for a Career in Consulting 
 https://www.youtube.com/watch?v=RWJ3wmMOC-E

Breaking Into MBB Consulting - We ask 4 Current and Former Consultants 
 https://www.youtube.com/watch?v=bjlOBaJimZg

What's So Special About MBB? | Overview of Top Consulting Firms | McKinsey, Bain, BCG 
 https://www.youtube.com/watch?v=uYOpLFte58M

Top Business Schools for Consulting 
 https://www.youtube.com/watch?v=V9LTL0wancI

Rickooreo · Answer

Great insight. +1 Kudos

Can you please mention for ISB as well.

shivam10 · Answer

Thanks for the compilation. Just curious to know, what is the data source and how did you arrive at 'acceptance rate'?

sam12rawat · Answer

I've heard from so many people that if you do not have a background in consulting prior to your MBA then getting into it post MBA is very very tough. I was always under the impression that an MBA allows you to switch careers/fields (isn't that what everyone usually says?). Then, could somebody please shed some light on why exactly the switch to consulting might be difficult? Genuinely interested.

bb · Answer

I think these are published by schools or at least reported to a number of places such as US News (number of Admits vs. number of applicants) Nikhil - question for you really

bb · Answer

It is a good question! Consulting is hard is not that there is discrimination. Actually consulting is open to ALL applicants and is probably the most universally accepting field - you can be a singer or a golfer in your previous career and still be considered seriously by consulting companies as a candidate. The reason former consultants have a leg up and advantage is the recruiting process. It is very rigorous and consulting companies look for certain traits: 1. We have been told MBB has a 2-3% conversion rate - that's pretty insane 2. Interviewing. Consulting is all about how you present yourself, interview, and perform on the questions. If you have done consulting, you know how to handle the parts of the process and likely you had to interview others so you know what to do right/wrong 3. Prior experience and inside knowledge. You can easier connect with interviewers and know hat they are looking for in your answers so you can compensate for any deficiencies You may want to check this awesome YouTube session we did with MBB consultants just a year ago: https://www.youtube.com/watch?v=bjlOBaJimZg P.S. I have known several people who have been able to convert very high ranking Tech and CPG companies while unable to break through the recruiting barriers in consulting. So while consulting does aim to favor or recruit solely former consultants, consultants tend to preform better. There are probably some intangible factors such as "this person worked in this role" at Deloitte for example and therefore that carries some weight since of these folks may have worked there too and realize that to be a project lead, you really have to be good. Whereas that connection may be lost if someone worked for a regional company as a "Manager" - that does not really say a whole lot.

Nikhil · Answer

shivam10 The data source is mainly the class profiles that these schools publish. The "acceptance rate" data was taken from the US News rankings data. You can find more about the acceptance rates at the following link https://gmatclub.com/forum/acceptance-r ... l#p3033372

sam12rawat · Answer

Hey bb , Once again, thank you for clarifying this! Will definitely watch the video. This will help me in the future for sure.

MBAbot · Answer

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Top MBA programs and Best Business Schools for Consulting

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My Rewards

School	Acceptance rate	Average GMAT score	% of graduates in Consulting	No of graduates in Consulting	Median Base Salary
Top schools for Consulting
Harvard	12.50%	727	23%	216	$165,000
Stanford	6.20%	738	18%	68	$165,000
Wharton	18.20%	733	27%	205	$165,000
Kellogg	26%	727	33%	219	$165,000
Booth	22.60%	730	34%	158	$165,000
Sloan	12.10%	728	28%	116	$165,000
Fuqua	19.20%	713	32%	112	$158,293
INSEAD		709		329	$118,500
Columbia	15.70%	732	33%	254	$165,000
Haas	17.60%	726	28%	60	$165,000
Michigan Ross	20.20%	722	35%	146	$165,000
UCLA Anderson	29.80%	713	16%	56	$160,000
Darden	29.90%	715	32%	95	$165,000
NYU Stern	19.5%	729	31%	110	$165,000
Cornell Johnson	29.50%	704	29%	81	$155,000
CMU Tepper	29.70%	691	37%	86	$43,125
Tuck	29.50%	724	36%	91	$165,000
Yale	23.60%	726	34%	106	$165,000
Emory Goizueta	53.10%	692	40%	59	$158,000
Kenan-Flagler	44.30%	696	18%	54	$155,000
McCombs	35.50%	708	23%	48	$160,000
IESE	26%	681	34%	123	$113,500
HEC Paris	19%	690	16%	45	$103,703
LBS	20%	701	38%	189	$116,323
UW Foster	35.20%	704	22%	28	$137,211
McDonough	48.10%	704	26%	72	$145,000
USC Marshall	23%	716	20%	44	$160,000
Rotman	20%	678	17%	57	$82,826
Kelley Indiana	31.50%	679	21%	29	$150,000
Oxford Said	25%	690	21%	65	$95,500
NUS Singapore	25%	670	20%	24	$61,755
Cambridge Judge	21%	687	25%	56	$121,903