For Cornell’s 2-year MBA 2023 graduating class, out of the 306 graduates, 285 sought full-time employment, and the class exhibited a high job placement rate, with 94% securing positions within three months of graduation.
Notable variations were observed in the offer rates based on work authorization, with 97% for those with US authorization and 88% for those without accepting the offers in 3 months.
The class experienced a 5% increase in the average base salary compared to the previous year, reaching an average of $162,808, with a median base salary of $175,000. Additionally, graduates received an average signing bonus of $38,826.
See Cornell MBA Salary Trends: 2021 – Current Year
In this four-part analysis of Cornell MBA Salary and Placement for the 2023 graduating class, we cover:
• Cornell MBA Salary and Placements by Industry
• Cornell MBA Salary and Placements by Function
• Cornell MBA Salary By Region
• Cornell MBA Employment: Top Employers
Cornell MBA Salary By Industry
Over two-thirds of the Cornell MBA Class of 2023 found employment in Consulting and Financial Services.
35% in Financial Service is quite high compared to the standard for T20 schools. Similarly, with 42% in Consulting, Cornell comes under the top 7 MBAs with a consulting hiring rate of more than 40%, which includes schools such as Tuck, Darden, Kellogg, Duke, Ross and Yale.
See the Salary Trends of T20 MBA Programs.
Not surprisingly, these two industries were also leading in average base salary – with Cornell MBAs earning $190,000 in Consulting- same as all T10 schools, and below most M7 schools by $2000.
The Financial Services with the median base salary of $$175,000 was also at par with T10 schools and M7 MBA programs.
In addition to Consulting and Financial Services, Technology and Telecommunications secured the third-highest representation among graduates at 11%, with an average base salary of $138,000, which is $30,000 to $40,000 lower than the offers at T10 schools.
The employment report also indicates representation in other industries, such as Consumer Products (4%), Manufacturing (2%), and Healthcare (3%).
The Energy industry has made a comeback in offers with 2% of the total hires and an above-median salary of $135,000 for a 10-20 ranked school after finding no takers in 2021.
Industry | Percent Hired | Median Base Salary |
Consulting | 42% | $190,000 |
Financial Services | 35% | $175,000 |
Technology | 11% | $138,000 |
Consumer Products | 4% | $125,000 |
Manufacturing | 2% | $128,500 |
Healthcare | 3% | $130,000 |
Read the next analysis in the series for the 2023 Cornell MBA graduating class:
• Cornell MBA Salary 2023 By Function
• Cornell MBA Salary 2023 By Region
• Cornell MBA Top Employers for 2023
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