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Employment Report
2017 TWO-YEAR
MBA
A Letter from the EXECUTIVE DIRECTOR
Welcome to the 2017 Two-Year MBA Employment Report for the Samuel Curtis Johnson Graduate School of Management at Cornell University. The entire Johnson community—including the Career Management Center (CMC), faculty, staff, alumni, and recruiters—is committed to the success of our students.
As of three months after graduation, 93 percent of graduates had at least one offer of employment, and 91 percent accepted those offers. Average base salary was up approximately 3.5 percent, to $125,578. The increase was driven by salary growth in consulting and finance, and this is our highest salary level to date. We are proud that we know the employment status of 99 percent of our Class of 2017 students, which is a testament to the close-knit nature of our community.
CMC career advisors possess significant functional and industry expertise in their advising areas, having worked for companies such as McKinsey & Company, RBC Royal Bank, Castrol, Playtex, and Google. We conducted more than 3,100 one-on-one student appointments, hosted over 85 career programs, and organized a record number of corporate briefings and office hours.
This year, we welcomed 38 new on-campus recruiting companies, a 72-percent jump versus last year. We held over 200 meet-ings with companies. As one of our recruiters commented, “The quality of students is as high as ever, and we are happy to continue to recruit at Cornell.” This sentiment is reflected in the 2016 Recruiter Survey for Bloomberg Businessweek, where Cornell landed in the number-eleven spot.
Each year, we experience the anticipation and joy of meeting incoming students, share their anxieties and optimism regard-ing job searches, and feel pride and satisfaction when they graduate and launch their new careers. Student achievements are made possible because of the unwavering commitment of the entire Johnson community. Unharness the power of more than 15,000 Johnson and 250,000 global Cornell alumni by contacting us today.
Sincerely, Cynthia Saunders-Cheatham Executive Director, MBA Career Management Center [email protected] 607-254-3375 Twitter: #cornellmba @cynthiasc
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Class of 2017 PROFILE
274STUDENTS
(CLASS SIZE)
28AVERAGE AGE AT ENTRANCE
98%STUDENTS WITH FULL-
TIME WORK EXPERIENCE
5AVERAGE YEARS OF
FULL-TIME WORK EXPERIENCE
WOMENINTERNATIONALUNDERREPRESENTED MINORITIES (U.S. MINORITIES)
697AVERAGE GMAT
SCORE
26%35% 10%
*As of Admission, August 2015
2
Class of 2017U.S. RESIDENCY
1% other64% U.S. (U.S citizens and permanent residents only)
Class of 2017CITIZENSHIP
7% other North America60% U.S. only
China 6%India 8%Other Asia 9%10%
31%
8%
5%5%
5% 67%
5%
1%
4% 23%NORTHEAST
MID-ATLANTIC
SOUTHSOUTHWEST
WEST MIDWEST NORTH AMERICA
SOUTH AMERICA
EUROPE
MIDDLE EAST & NORTH AFRICA
ASIA
3 ”MICHAEL MARCUS, MBA ’17Assistant Brand ManagerColgate-Palmolive
“The strategic marketing immersion, Marketing Executive Coaching Program, career-work-group sessions, and Marketing Association set me up for success for both on- and off-campus interviews.”
Class of 2017 EMPLOYMENT PROFILE
283NUMBER OF GRADUATES
264NUMBER OF STUDENTS SEEKING EMPLOYMENT
(FULL-TIME)
93 %GRADUATES REPORTING FULL-TIME JOB OFFERS BY THREE MONTHS AFTER GRADUATIONU.S.-work-authorized - 95%Not U.S.-work-authorized - 89%
U.S.-work-authorized - 86%Not U.S.-work-authorized - 76%
GRADUATES REPORTING FULL-TIME JOB OFFERS BY GRADUATION 83%
91%
of Jobs Accepted71% - School-facilitated recruiting activities29% - Graduate-initiated job search activities
SOURCES
*As of Graduation, May 28, 2017
FULL-TIME JOB ACCEPTANCES REPORTED BY THREE MONTHS AFTER GRADUATIONU.S.-work-authorized - 93%Not U.S.-work-authorized - 86%
4
16%GO INTO INVESTMENT
BANKING
Class of 2017 FULL-TIME HIRES AND SALARY DATA
$4,350INCREASE IN AVERAGE BASE SALARY VS. CLASS OF 2016
MEAN TOTAL $125,578 $31,604
U.S.-Work-Authorized $127,684 $32,171
Not U.S.-Work-Authorized $120,575 $30,295
SALARY, BONUS, AND PERCENT BY FUNCTION - SUMMARY SALARY SIGNING BONUS PERCENT
Consulting $134,747 $28,270 26%
Finance $122,456 $43,164 38%
General Management $114,601 $25,035 21%
Legal $182,308 $26,667 5%
Marketing $106,975 $24,935 8%
Other Job Functions * -- *-- 2%
AVERAGE $125,578 $31,604 100%
MEAN SALARY AND BONUS SALARY SIGNING BONUS
* --Under the threshold of three offers to be reported under MBA CSEA Standards
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Class of 2017 FULL-TIME HIRES AND SALARY DATASALARY, BONUS, AND PERCENT BY FUNCTION SALARY SIGNING BONUS PERCENT
Consulting $134,747 $28,270 26%
Finance - Investment Banking $131,373 $56,516 16%
Finance - Managerial Finance $112,889 $24,667 5%
Finance - Research $122,000 $38,729 3%
Finance - Other* $113,146 $23,333 14%
General Management and Leadership Rotation Programs $111,857 $25,171 17%
Product Management $125,300 $24,438 4%
Legal $182,308 $26,667 5%
Marketing and Brand Management $106,975 $24,935 8%
Other Job Functions** $93,250 $10,833 2%
AVERAGE $125,578 $31,604 100%
*Finance - Other includes: accounting, asset management, commercial banking, financial analysis, private equity, private wealth management, real estate, risk management, sales & trading, and venture capital**Other job functions include: economic analysis, HR, and other
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Class of 2017 FULL-TIME HIRES AND SALARY DATASALARY, BONUS, AND PERCENT BY INDUSTRY SALARY SIGNING BONUS PERCENT
Consulting $134,069 $28,125 25%
Consumer Products $106,900 $22,759 7%
Energy and Utilities $111,600 $18,333 2%
Financial Services $124,290 $44,643 33%
Health Care $104,750 $17,813 3%
Legal Services $182,308 $26,667 6%
Manufacturing $111,364 $24,545 5%
Technology/Telecommunications $118,000 $26,804 12%
Other Industries** $106,929 $18,750 7%
**Other industries include: advertising, education, entertainment/media, hospitality and tourism, non-profit, real estate, retail, and transportation/logistics
AVERAGE $125,578 $31,604 100%
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Class of 2017 FULL-TIME HIRES AND SALARY DATA
Salary, Bonus, and Percent by Industry Salary Signing Bonus Percent
U.S. $128,285 $32,068 91%
Northeast $132,047 $34,900 51%
Mid-Atlantic $118,045 $20,500 5%
Midwest $118,237 $26,538 8%
West $127,488 $26,033 19%
South $118,333 $40,000 4%
Southwest $130,778 $39,063 4%
Salary, Bonus, and Percent by Industry Salary Signing Bonus Percent
Non-U.S. $100,444 $26,438 9%
Asia $102,027 $27,544 6%
Middle East & North Africa (MENA) 1%
Central America, Caribbean $96,666 $27,000 1%
South America 1%
812 COUNTRIES THAT
THE CLASS OF 2017 ACCEPTED JOBS IN
Class of 2018 PROFILE
279STUDENTS
(CLASS SIZE)
29AVERAGE AGE AT ENTRANCE
98%STUDENTS WITH FULL-
TIME WORK EXPERIENCE
5AVERAGE YEARS OF
FULL-TIME WORK EXPERIENCE
WOMENINTERNATIONALUNDERREPRESENTED MINORITIES (U.S. MINORITIES)
700AVERAGE GMAT
SCORE
31%33% 15%
*As of Admission, August 2016
9
Class of 2018 EMPLOYMENT PROFILE
287NUMBER OF STUDENTS
276NUMBER OF STUDENTS SEEKING EMPLOYMENT (FULL-TIME)
U.S.-work-authorized - 100%Not U.S.-work-authorized - 94%
% OF STUDENTS WITH INTERNSHIP OFFERS BY GRADUATION
99.6%
of Jobs Accepted78% - School-facilitated recruiting activities22% - Graduate-initiated job search activities
SOURCES
*As of (May 28, 2017) graduation and three months post
98%
% OF STUDENTS WITH INTERNSHIP OFFERS BY THREE MONTHS AFTER GRADUATIONU.S.-work-authorized - 100%Not U.S.-work-authorized - 99%
275INTERNSHIP ACCEPTANCES REPORTED
10
99.6%STUDENTS WHO ACCEPTED OFFERS BY THREE MONTHS AFTER GRADUATION
Class of 2018SUMMER INTERNSHIPS AND SALARY DATA
MEAN TOTAL $8,764
U.S.-Work-Authorized $9,064
Not U.S.-Work-Authorized $7,994
SALARY, BONUS, AND PERCENT BY FUNCTION - SUMMARY SALARY PERCENT
Consulting $9,622 22%
Finance $9,324 34%
General Management $7,720 19%
Human Resources $6,897 3%
Law or Legal $15,000 1%
Marketing and Business Development $7,128 14%
Other $8,886 7%
MEAN MONTHLY SALARY SALARY (MONTHLY)
99% STUDENTS IN THE CLASS OF 2018 THAT HAVE PROVIDED RELIABLE AND ACCURATE EMPLOYMENT INFORMATION 11
SALARY, BONUS, AND PERCENT BY FUNCTION SALARY PERCENT
Consulting $9,622 22%
Human Resources $6,897 2%
Finance - Financial Analysis $5,983 2%
Finance - Investment Banking $10,415 18%
Finance - Managerial Finance $7,624 5%
Finance - Mergers and Acquisitions $10,083 1%
Finance - Other $7,772 6%
Finance - Real Estate $6,911 2%
General Management $7,720 19%
Law $14,795 4%
Marketing $7,128 14%
Class of 2018SUMMER INTERNSHIPS AND SALARY DATA
18%CLASS OF 2018 INTERNED IN INVESTMENT BANKING
Other Job Functions $5,490 5%
12
SALARY, BONUS, AND PERCENT BY INDUSTRY SALARY PERCENT
Consulting $10,249 18%
Consumer Products $7,332 9%
Energy and Utilities $6,388 1%
Financial Services $9,970 27%
Health Care/Pharmaceuticals $6,889 7%
Legal Services $14,795 4%
Manufacturing $8,025 9%
Other Industries $4,917 7%
Real Estate $5,478 3%
Technology $6,935 14%
Telecommunications $6,933 1%
Class of 2018SUMMER INTERNSHIPS AND SALARY DATA
99%SECURED PAID INTERNSHIPS (SUMMER 2017)
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Class of 2018 INTERNSHIP HIRES AND SALARY DATA
”BRIGHT BOTCHWAY, MBA ’18Summer Associate InternBain & Company
“The professional clubs and CMC’s structured programs for recruitment were all instrumental in my landing my internship. Knowing that everyone was working extra hard to help me achieve success was very inspiring.”
SALARY, BONUS, AND PERCENT BY LOCATION SALARY PERCENT
Non-U.S. $7,274 9%
Asia $7,205 7%
Central & Southern America $6,610 1%
Other International $7,926 1%
SALARY, BONUS, AND PERCENT BY LOCATION SALARY PERCENT
U.S. $8,871 91%
Northeast $9,637 55%
Mid-Atlantic $4,507 2%
Midwest $8,088 13%
West $6,838 12%
South $7,880 4%
Southwest $9,009 5%
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Two-Year Full-Time TOP-RECRUITING COMPANIES
122INDIVIDUAL COMPANIES THAT HIRED THE CLASS OF 2017
Citigroup Inc. Amazon Deloitte Consulting LLP EY (Ernst & Young) McKinsey & Company Pricewater houseCoopers Accenture PLC Bain & Company Guggenheim Partners, LLC Tata Consultancy Services Limited (TCS) Bank of America Merrill Lynch Corning Incorporated Liberty Mutual
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Two-Year InternshipsTOP-RECRUITING COMPANIES
Amazon EY (Ernst & Young) Corning Incorporated Deloitte Consulting, LLP Pricewaterhousecoopers Barclays PLC Citigroup Inc. Guggenheim Partners, LLC S. C. Johnson & Son, Inc. IBM Corporation J.P. Morgan Johnson & Johnson Liberty Mutual Procter & Gamble Co.
45%STUDENTS ACCEPTING A JOB FROM AN EMPLOYER THEY INTERNED WITH THE PREVIOUS SUMMER 16
Grand Total TOP-RECRUITING COMPANIES
Amazon Citigroup Inc. EY (Ernst & Young) Deloitte Consulting LLP PricewaterhouseCoopers Corning Incorporated Guggenheim Partners, LLC McKinsey & Company Liberty Mutual Accenture PLC Bain &
Company J.P. Morgan Barclays PLC Deutsche Bank AG
IBM Corporation Johnson & Johnson Bank of America
Merrill Lynch S. C. Johnson & Son Inc. Tata Consultancy
Services Limited (TCS) Cisco Systems, Inc. Colgate-
Palmolive Company Procter & Gamble Co.
*Combined numbers of internship and job acceptances per company.
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