MBA Careers: Top 10 Consulting Programs in 2024

Last Updated on January 9, 2024 by Robert C. Hoopes

Title: Consulting Remains a Top Career Path for MBA Graduates

[City, Date] – Consulting has emerged as the most sought-after career path for MBA graduates, as it accounted for nearly one-third of hires among the world’s leading business schools in 2023. With its high salaries, abundant specializations, and a plethora of top employers vying for talent, consulting offers an attractive avenue for ambitious professionals.

To help MBA aspirants navigate their way through the competitive consulting landscape, several universities have emerged as the best options to pursue an MBA in 2024. According to a recent ranking sourced from Bloomberg, the top institutions for consulting include the University of Michigan Ross School of Business, London Business School, Harvard Business School, The Wharton School of the University of Pennsylvania, and the University of Virginia Darden School of Business.

These prestigious programs stand out for their customizable curriculum, robust networking opportunities, and outstanding placement rates. Graduates from these schools often secure lucrative consulting positions with renowned firms, such as McKinsey, Bain, and BCG. It is not uncommon for these graduates to earn salaries exceeding $175,000 per year.

While these schools dominate the consulting landscape, other institutions have also earned recognition for their strong performance in this field. Columbia Business School, Northwestern University Kellogg School of Management, the University of Chicago Booth School of Business, the Indian School of Business, and INSEAD have all proven to be top choices for students pursuing a career in consulting.

Of these, the Indian School of Business stands out, despite its lower average salaries due to the unique aspects of the Indian job market. This institution registered an impressive number of 349 consulting hires, indicating its strong reputation and influence within the industry.

However, INSEAD takes the top spot in the ranking as the best MBA program for consulting. A staggering 384 INSEAD graduates entered the consulting industry, highlighting the school’s robust curriculum and successful placement efforts.

The rankings, sourced from Bloomberg, are based on comprehensive hiring data from prestigious business schools worldwide.

For MBA aspirants seeking a rewarding career in consulting, these rankings showcase the most promising institutions that not only offer world-class education but also give students the best chance to establish themselves within the industry.