Cornell MBA Salary 2023 - By Function | F1GMAT MBA Admissions Consulting, Essay Editing and Interview Prep

In the second part of the Cornell MBA Series for the 2023 graduating class, we cover MBA Functions.

The Cornell MBA Class of 2023 employment report reveals Consulting as a dominant function, with an impressive 40% of graduates securing positions in this field. The class also demonstrates a significant presence in Finance and Investment Banking, with over a third of graduates, 26% and 12%, respectively, finding roles in these sectors.

The Investment Banking median base salary of $175,000 is a standard remuneration across T10 schools, with Wharton only the exception, earning an additional $14,000 in median base salary.

Management roles attract 8% of graduates, offering a median base salary of $140,000 – a standard for 10-15 ranked schools but below the $150,000 to $160,000 benchmark for M7 and T10 schools.

Marketing and Operations/Logistics also make notable contributions, with 11% and 1% of the class entering these functions, accompanied by median base salaries of $126,000 and $146,000, respectively.

The earnings for the Marketing function are in the lower quartile with three tiers of packages. The top tier is in the $150,000 and above range, the second at $140,000 and the third in the $125,000 to $130,000.

Consulting offers the highest median base salary of $190,000 - the best in the function, followed by Investment Banking and Finance, each with a $175,000 median base salary, again among the best, making Cornell a viable alternative for T10 and M7 schools for candidates entering Consulting and Investment Banking functions.

Function	Percent Hired	Median Base Salary
Consulting	40%	$190,000
Investment Banking	26%	$175,000
Management	8%	$140,000
Finance	12%	$175,000
Marketing	11%	$126,000
Operations/Logistics	1%	$146,000