2023 Employment Report Data


See how the Cornell MBA drives your potential earnings and career opportunities. The data below details the compensation, locations, companies, industry sectors, and job functions of recent graduates.


Two-Year Cornell MBA Class of 2023: Full-Time Job Offers and Acceptances

Of the 306 Two-Year MBA graduates in the class of 2023, 285 were seeking full-time employment. Almost the entire class—94 percent—received a job within three months of graduation. Graduates with US work authorization received a slightly higher percentage of offers at 97 percent, while non-US work authorization graduates received a slightly lower percentage of offers at 88 percent.

94%

RECEIVED OFFERS

within three months of graduation

93%

ACCEPTED OFFERS

within three months of graduation


Two-Year Class of 2023: Average Base Salary

The Two-Year MBA class of 2023 saw their average base salary increase compared to graduates in the class of 2022. US work authorized graduates earned slightly more than the average at $163,896 and non-US work authorized graduates earned slightly less than the average at $160,495.

$162,808

AVERAGE BASE SALARY

Class of 2023

5%

INCREASE IN AVERAGE BASE SALARY

compared to the class of 2022

$175,000

Median Base Salary

Class of 2023

$163,896

US WORK AUTHORIZED

average base salary

$160,495

NON-US WORK AUTHORIZED

average base salary


Salary Data

Interested in how average base salary changes by location, industry, or job function? Take a look below.

Salary by Industry

Over a third of Johnson 2023 graduates are employed in each the consulting and financial services industries, which have the first and second highest average base salary, respectively. The technology and telecommunications industry rounds out the top three industries with the third highest average base salary for the graduating class.

IndustryAverage
Base Salary
Median
Base Salary
Salary RangePercent
Employed
Consulting$177,592$190,000$71,500-$195,00042%
Financial services$165,814$175,000$79,000-$200,00035%
Technology & Telecommunications$138,374$138,000$82,000-$186,00011%
Consumer packaged goods$119,300$125,000$90,000-$128,0004%
Healthcare/Medical Services/Pharmaceuticals$133,971$130,000$125,000-$147,8003%
Energy/Utilities$131,250$135,000$110,000-$145,0002%
Manufacturing$120,500$128,500$90,000-$135,0002%
Other*N/AN/AN/A1%

*Other includes: Real estate, retail, and hospitality/tourism

N/A: less than three data points required for student anonymity


Salary By World Region

Ninety-five percent of the class of 2023 found employment in North America. The remaining five percent were spread out across the world.

World RegionAverage Base SalaryMedian Base SalarySalary RangePercent Employed
North America$164,847$175,000$80,000-$200,000
95%
Central America and Caribbean/South America$118,022$120,000$71,500-$148,8653%
Asia and Middle East/North Africa$140,165$130,000$110,000-$180,0002%
European Free Trade ZoneN/AN/AN/A<1%

Salary by US Region

The vast majority of the class of 2022, 91 percent, remained in the US for work. The Northeast region employed half of the Two-Year Johnson MBA graduates with the second highest average base salary. The Midwest region had the highest average base salary which was two percent more than the Northeast.

US RegionAverage
Base Salary
Median
Base Salary
Salary RangePercent*
Employed
Northeast$166,583$175,000$98,000-$192,00055%
West$163,465$175,000$82,000-$192,00016%
Midwest$156,476$170,000$90,000-$200,0009%
Mid-Atlantic$169,412$175,000$110,000-$192,0007%
South$158,153$175,000$80,000-$195,0007%
Southwest$167,359$175,000$111,000-$192,0007%

*does not total to 100 due to rounding


Average Base Salary by Job Function

Johnson’s strengths in consulting and finance are evident with 40 percent of the class of 2023 hired into consulting and over a third of the class hired into finance and investment banking.

Job FunctionAverage
Base Salary
Median
Base Salary
Salary RangePercent
Employed
Consulting$178,049$190,000$71,500-$195,00040%
Finance and Investment Banking$163,967
$175,000$79,000-$200,00038%
Marketing$127,754$126,000$80,000-$171,00011%
Management$141,053$140,000$82,000-$192,0008%
Operations/Logistics$154,600$146,000$142,800-$175,0001%
Other*N/AN/AN/A2%

*Other includes: Entrepreneurship, human resources, and information/technology

A detailed breakdown for the Finance and Investment Banking, Marketing, and Management job functions is below:

Detailed Job FunctionAverage
Base Salary
Median
Base Salary
Salary RangePercent
Employed
Finance & Investment Banking
Investment Banking$175,062$175,000$110,000-$200,00070%
Corporate Finance$130,589$130,000$79,000-$160,00019%
Asset Management and Equity Research$143,267$140,000$124,800-$165,0004%
Other Finance & Investment Banking$159,000$150,000$140,000-$180,0006%
Finance & Investment Banking Total≈100%
Marketing
Brand/Product Management$127,133$125,000$110,000-$171,00054%
General and Other Marketing$116,500$128,000$80,000-$130,00014%
Sales Management$125,250$125,500$115,000-$135,00014%
Other Marketing$140,620$145,000$90,000-$169,00018%
Marketing Total≈100%
Management
Project/ Program Management$135,429$145,000$82,000-$186,00037%
Rotational/Development Program$141,429$140,000$130,000-$155,00037%
General Management$137,500$135,000$110,000-$170,00021%
Other ManagementN/AN/AN/A5%
Management Total≈100%

Two-Year Class of 2023: Signing Bonus Data

The Two-Year MBA class of 2023 received an average signing bonus of $38,826 on top of their average base salary. US work authorized graduates received a slightly lower than average signing bonus at $36,272 and non-US work authorized graduates received a slightly higher than average signing bonus at $44,146.

$38,826

AVERAGE SIGNING BONUS

Class of 2023

$36,272

US WORK AUTHORIZED

average signing bonus

$44,146

NON-US WORK AUTHORIZED

average signing bonus


Two-Year Class of 2022: Top Hiring Companies

The list below represents the top 15 companies that hired Two-Year MBA class of 2023 graduates for full-time positions.

Altman_Solon_Logo
Amazon logo
Bain and Company Logo
Bank of America logo
Boston Consulting Group logo
Citi logo
Deloitte Consulting logo
ernst-young-ey-logo-png-transparent
Jeffries logo
JP Morgan logo
Mckinsey & Company logo
Morgan Stanley logo
Strategy& logo
UBS logo
Wells Fargo logo

Ready to See Where the Cornell Two-Year MBA Could Take You?