2022 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 2023
Of the 312 students in the Class of 2023, 296 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.
296
SEEKING INTERNSHIPS
for the summer of 2022
99%
ACCEPTED OFFERS
to complete an internship
Two-Year MBA Class of 2023: Total Monthly Salary Data
The Two-Year MBA class of 2023 average monthly salary was $11,420, an 18 percent increase compared to students in the Class of 2022 who interned. Students in the class of 2023 who were US work authorized reported a slightly higher than average monthly salary of $11,548, while students who were not US work authorized reported an slightly lower than average base salary of $11,069.
$11,420
MONTHLY SALARY
average reported by all who interned
$11,584
US WORK AUTHORIZED
average monthly salary
$11,069
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 over half of the class of 2023 interns.
| Industry | Average Monthly Salary | Median Monthly Salary | Salary Range | Percent Interned |
|---|---|---|---|---|
| Financial services | $12,731 | $14,583 | $1,200-$16,667 | 36% |
| Consulting | $13,367 | $14,500 | $3,125-$15,166 | 33% |
| Technology | $9,034 | $9,393 | $2,400-$11,036 | 14% |
| Consumer products | $7,368 | $7,791 | $3,880-$9,533 | 4% |
| Manufacturing | $7,396 | $8,100 | $3,466-$9,533 | 4% |
| Healthcare** | $8,077 | $7,676 | $6,933-$9,533 | 3% |
| Other* | $4,311 | $4,333 | $2,600-$6,000 | 5% |
*Other includes: Energy/utilities, entertainment/media, government, hospitality/tourism, law/legal services, real estate, retail, telecommunications, and transportation/logistics
**Healthcare includes medical services and pharmaceuticals
Average Monthly Salary by Job Function
Johnson’s strengths in investment banking and consulting continues to pay off with the two highest average monthly salaries paid to class of 2023 interns.
| Job Function | Average Monthly Salary | Median Monthly Salary | Salary Range | Percent Interned** |
|---|---|---|---|---|
| Consulting | $13,213 | $14,105 | $3,125-$15,166 | 34% |
| Investment Banking | $14,133 | $14,583 | $3,800-$16,667 | 27% |
| Marketing | $8,056 | $8,125 | $2,400-$12,000 | 14% |
| Finance | $8,171 | $8,666 | $1,200-$14,583 | 12% |
| Management | $9,355 | $9,393 | $5,546-$11,036 | 8% |
| Operations/Logistics | $8,988 | $9,150 | $7,453-$10,053 | 2% |
| Other* | $7,890 | $7,800 | $2,600-$14,300 | 4% |
*Other includes: Entrepreneurship, human resources, and information technology
**Does not total 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 second region, the West, employed almost one-fifth of the class, while the second highest salary was earned in the South.
| Region | Average Monthly Salary | Median Monthly Salary | Salary Range | Percent Interned* |
|---|---|---|---|---|
| Northeast | $12,269 | $14,042 | $3,125-$15,416 | 57% |
| West | $10,241 | $9,666 | $2,400-$15,166 | 18% |
| Midwest | $11,693 | $13,541 | $7,000-$16,667 | 6% |
| Mid-Atlantic | $12,028 | $13,913 | $3,986-$15,166 | 5% |
| Southwest | $11,163 | $14,500 | $2,600-$14,600 | 5% |
| South | $12,224 | $14,500 | $8,100-$14,583 | 3% |
| International | $8,880 | $9,917 | $1,200-$14,000 | 5% |
*Does not total to 100% due to rounding
Top Internship Companies: Two-Year MBA Class of 2023
In total, 229 companies recruited Johnson Two-Year MBAs for either full-time employment or internships during the 2021-2022 academic year. The list below represents the top companies that hired interns from the Two-Year MBA class of 2023.
