2023 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 2024
Of the 299 students in the Class of 2024, 280 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.
280
SEEKING INTERNSHIPS
for the summer of 2023
100%
ACCEPTED OFFERS
to complete an internship
Two-Year MBA Class of 2024: Total Monthly Salary Data
The Two-Year MBA class of 2024 average monthly salary was $11,680. Students in the class of 2024 who were US work authorized reported a slightly higher than average monthly salary of $12,202, while students who were not US work authorized reported an slightly lower than average base salary of $10,791.
$11,680
MONTHLY SALARY
average reported by all who interned
$12,202
US WORK AUTHORIZED
average monthly salary
$10,791
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 2024 interns.
| Industry | Average Monthly Salary | Median Monthly Salary | Salary Range | Percent Interned |
|---|---|---|---|---|
| Financial services | $13,410 | $14,583 | $1,000-$18,750 | 41% |
| Consulting | $13,685 | $14,583 | $2,917-$16,250 | 29% |
| Technology | $7,465 | $8,000 | $2,500-$14,000 | 9% |
| Healthcare/Medical Services/Pharmaceuticals | $7,189 | $6,153 | $4,311-$13,000 | 6% |
| Consumer products | $7,762 | $8,800 | $500-$10,417 | 5% |
| Energy/Utilities | $8,541 | $8,000 | $5,460-$11,850 | 3% |
| Manufacturing | $8,468 | $8,450 | $8,000-$9,187 | 3% |
| Real estate | $9,244 | $6,933 | $5,200-$15,600 | 1% |
| Other* | N/A | N/A | N/A | 3% |
*Other includes: Education, entertainment/media, government, hospitality/tourism, non-profit, 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 2024 interns. The two job functions are broken out into further detail in the second table.
| Job Function | Average Monthly Salary | Median Monthly Salary | Salary Range | Percent Interned** |
|---|---|---|---|---|
| Finance and Investment Banking | $13,073 | $14,583 | $1,000-$18,750 | 41% |
| Consulting | $12,355 | $14,582 | $496-$16,250 | 34% |
| Management | $8,746 | $9,273 | $500-$15,167 | 13% |
| Marketing | $8,102 | $8,917 | $3,120-$11,440 | 6% |
| Human Resources | $8,794 | $9,177 | $6,240-$12,125 | 2% |
| Operations/Logistics | $7,994 | $7,800 | $6,067-$10,115 | 2% |
| Other* | $8,523 | $10,417 | $2,600-$15,600 | 2% |
| Detailed Job Function | Average Base Salary | Median Base Salary | Salary Range | Percent Employed* |
|---|---|---|---|---|
| Finance & Investment Banking | ||||
| Investment Banking | $14,587 | $14,583 | $7,000-$18,750 | 73% |
| Corporate Finance | $9,813 | $8,880 | $8,000-$14,000 | 12% |
| Private Equity | $10,733 | $15,600 | $1,000-$15,600 | 4% |
| Asset Management | $8,094 | $8,450 | $5,000-$10,833 | 3% |
| Real Estate | $5,864 | $5,460 | $5,200-$6,933 | 3% |
| Other | N/A | N/A | N/A | 6% |
| Finance & Investment Banking Total | ≈100% | |||
| Consulting | ||||
| Strategic/Management | $12,659 | $14,582 | $496-$16,250 | 88% |
| Digital/Digital Transformation | $9,208 | $9,249 | $2,500-$15,833 | 5% |
| Healthcare | $6,511 | $5,200 | $4,333-$10,000 | 3% |
| Other | N/A | N/A | N/A | 5% |
| Consulting Total | ≈100% |
*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 percentage was a tie between the Mid-Atlantic and West regions, which totaled about one fifth of the class together. The second highest salary was earned in the South.
| Region | Average Monthly Salary | Median Monthly Salary | Salary Range | Percent Interned* |
|---|---|---|---|---|
| Northeast | $12,117 | $14,583 | $496-$16,250 | 63% |
| Mid-Atlantic | $11,444 | $15,000 | $3,000-$16,000 | 8% |
| West | $11,029 | $10,227 | $2,600-$16,000 | 8% |
| Midwest | $12,317 | $14,112 | $8,450-$16,000 | 6% |
| Southwest | $12,331 | $11,850 | $6,462-$18,750 | 5% |
| South | $12,467 | $14,583 | $7,000-$15,167 | 2% |
| Not North America | $6,803 | $7,637 | $500-$14,000 | 7% |
*Does not total to 100% due to rounding
Top Internship Companies: Two-Year MBA Class of 2024
The list below represents the top companies that hired interns from the Two-Year MBA class of 2024.
