2020 Internship Report Data
Pursue internships and earnings all while completing Cornell’s Two-Year MBA. The data below details the salaries, locations, companies, industry sectors, and job functions of current Two-Year MBA students.
Internship acceptances: Two-Year MBA Class of 2021
Of the 275 students in the Class of 2021, 271 were seeking internships between their first and second year in the program. The figures below represent internship offers and acceptances based on information reported by students.
Two-Year MBA Class of 2021: Total monthly salary data
The Two-Year MBA Class of 2021 saw a one percent increase in their average monthly salary compared to students in the Class of 2020 who interned. Students in the Class of 2021 who were not US work-authorized reported an average base salary of $9,224.
Average monthly salary by industry
| Industry | Average Base Salary | Percent Interning |
| Financial Services | $10,900 | 38% |
| Consulting | $11,608 | 21% |
| Technology | $7,854 | 19% |
| Consumer Products | $7,683 | 8% |
| Healthcare* | $7,492 | 5% |
| Energy/Utilities | $7,617 | 1% |
| Manufacturing | $7,278 | 5% |
| Other** | $7,622 | 2% |
| Real Estate | $3,017 | 1% |
*Healthcare includes: Medical Services and Pharmaceuticals
**Other includes: Entertainment/Media, Hospitality/Tourism, Retail, and Transportation/Logistics
Average monthly salary by job function
Johnson’s strengths in investment banking and consulting continue to pay off with the two highest average monthly salaries paid to Class of 2021 interns.
| Function | Average Base Salary | Percent Interning |
| Finance | $8,417 | 40% |
| Investment Banking | $11,939 | 23% |
| Corporate Finance | $7,826 | 11% |
| Asset Management | $9,752 | 5% |
| Real Estate | $4,150 | 1% |
| Consulting | $11,090 | 23% |
| General Management | $8,261 | 23% |
| Marketing | $7,364 | 13% |
| Other* | $6,050 | 1% |
| Human Resources | $7,250 | 1% |
*Other includes: Entertainment/Media, Hospitality/Tourism, Retail, and Transportation/Logistics
Average monthly salary by US region
The majority of students–over half–interned in the Northeast region of the US. This region also paid the highest average monthly salary.
| US Region | Average Base Salary | Percent Interning |
| Northeast | $10,180 | 53% |
| West | $9,093 | 10% |
| Midwest | $8,857 | 14% |
| Southwest | $9,469 | 7% |
| South | $8,750 | 5% |
| Mid-Atlantic | $9,807 | 6% |
Top internship companies: Two-Year MBA Class of 2021
In total, 233 companies recruited Johnson Two-Year MBAs for either full-time employment or internships during the 2019–2020 academic year. The list below represents the top companies that hired interns from the Two-Year MBA Class of 2021.
