2024 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 2025
Of the 290 students in the Class of 2025, 276 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.
276
SEEKING INTERNSHIPS
for the summer of 2024
100%
ACCEPTED OFFERS
to complete an internship
Two-Year MBA Class of 2025: Total Monthly Salary Data
The Two-Year MBA class of 2025 average monthly salary was $11,433. Students in the class of 2025 who were US work authorized reported a slightly higher than average monthly salary of $11,794, while students who were not US work authorized reported an slightly lower than average base salary of $10,889.
$11,433
MONTHLY SALARY
average reported by all who interned
$11,794
US WORK AUTHORIZED
average monthly salary
$10,889
NON-US WORK AUTHORIZED
average monthly salary
Average Monthly Salary by Industry
Johnson’s strengths in financial services and consulting is illustrated in the table below, as the two industries employed almost three quarters of the class of 2025 interns.
| Industry | Average Base Salary | Median Base Salary | Percentage Employed |
|---|---|---|---|
| Financial services | $12,902 | $14,583 | 42% |
| Consulting | $14,267 | $14,583 | 22% |
| Technology | $9,151 | $9,533 | 11% |
| Consumer products | $8,322 | $8,583 | 6% |
| Healthcare, Medical Services, Pharmaceuticals | $8,605 | $8,917 | 4% |
| Manufacturing | $8,378 | $8,115 | 3% |
| Real estate | $5,078 | $5,200 | 2% |
| Education | $2,988 | $3,900 | 1% |
| Law or legal services | $13,667 | $17,917 | 1% |
| Non-Profit | $3,820 | $4,160 | 1% |
| Other* | N/A | N/A | 7% |
*Other includes: Entertainment/media, energy/utilities, government, retail, telecommunications, and transportation/logistics
N/A: less than three data points required to keep student anonymity
Average Monthly Salary by Job Function
Johnson’s strengths in finance and consulting continues to pay off with the two highest average monthly salaries paid to class of 2025 interns. The two job functions are broken out into further detail in the second table.
| Job Function | Average Base Salary | Median Base Salary | Percentage Employed |
|---|---|---|---|
| Finance and Investment Banking | $12,386 | $14,583 | 46% |
| Consulting | $13,354 | $14,582 | 23% |
| Marketing | $7,638 | $8,667 | 12% |
| Management | $8,421 | $8,407 | 8% |
| Human Resources | $7,229 | $7,600 | 3% |
| Other* | $10,713 | $10,600 | 8% |
*Other includes: Entrepreneurship, information/technology, and operations/logistics,
A detailed breakdown for the Finance and Investment Banking and Consulting job functions is below:
| Detailed Job Function | Average Base Salary | Median Base Salary | Percent Employed* |
|---|---|---|---|
| Finance and Investment Banking | |||
| Investment Banking | $14,389 | $14,583 | 59% |
| Corporate Finance | $9,897 | $10,308 | 16% |
| Asset Management | $10,150 | $11,250 | 5% |
| Venture Capital | N/A | N/A | 5% |
| Private Wealth Management | $8,893 | $9,370 | 4% |
| Equity Research | N/A | N/A | 2% |
| Private Equity | N/A | N/A | 2% |
| Real Estate | N/A | N/A | 2% |
| Risk Management | N/A | N/A | 2% |
| Accounting/Auditing | N/A | NA | 1% |
| Other Finance and Investment Banking | $6,718 | $8,000 | 4% |
| Consulting | |||
| Strategic/Management | $13,983 | $14,583 | 87% |
| Information Technology | $6,363 | $3,900 | 7% |
| Brand Consulting | N/A | N/A | 3% |
| Digital/ Digital Transformation | N/A | N/A | 2% |
| Human Resources | N/A | N/A | 2% |
*Does not total to 100 due to rounding
Average monthly Salary by Region
The majority of students—over half of the class—interned in the Northeast region of the US. This region also paid the highest average monthly salary. The next highest employment region was the West region. The second highest salary was earned in the Southwest region.
| US Region | Average Base Salary | Median Base Salary | Percentage Employed* |
|---|---|---|---|
| Northeast | $12,498 | $14,583 | 59% |
| West | $11,158 | $10,115 | 12% |
| Midwest | $9,854 | $9,533 | 9% |
| Southwest | $11,664 | $12,000 | 8% |
| Mid-Atlantic | $10,427 | $10,000 | 7% |
| South | $8,273 | $6,492 | 4% |
*Does not total to 100% due to rounding
Top Internship Companies
The list below represents the top companies that hired interns from the Two-Year MBA class of 2025.
- Amazon
- Bain & Company
- Cayuga Fund, The
- Citi
- Deloitte Consulting LLP
- Emerging Markets Institute
- Evercore Partners
- EY (Ernst & Young)
- EY-Parthenon
- Guggenheim Partners, LLC
- Jefferies Group
- JPMorgan Chase & Co.
- McKinsey & Company
- Microsoft Corporation
- Moelis & Company
- Morgan Stanley
- PepsiCo Inc.
- Royal Bank of Canada (RBC)
- UBS Group AG
- Wells Fargo & Company
Ready to Find Out More About the Two-Year MBA Program at Cornell?
View 2023 Internship Report (Class of 2024)