2021 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 2022
Of the 284 students in the Class of 2022, 272 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.
272
SEEKING INTERNSHIPS
for the summer of 2021
99%
ACCEPTED OFFERS
to complete an internship
Two-Year MBA Class of 2022: Total Monthly Salary Data
The Two-Year MBA class of 2022 average monthly salary was $9,712, which was flat when compared to students in the Class of 2021 who interned. Students in the class of 2022 who were US work authorized reported a slightly higher than average monthly salary of $10,079, while students who were not US work authorized reported an average base salary of $8,930.
9,712
MONTHLY SALARY
average reported by all who interned
10,079
US WORK AUTHORIZED
average monthly salary
8,930
NON-US WORK AUTHORIZED
average monthly salary
Average Monthly Salary by Industry
Johnson’s strengths in investment banking and consulting is illustrated in the table below, as the two industries employed over half of the class of 2022 interns.
| Industry | Average Monthly Salary | Median Monthly Salary | Salary Range | Percent Employed |
|---|---|---|---|---|
| Financial services | $10,974 | $12,500 | $3,333 - $14,583 | 34% |
| Consulting | $11,638 | $12,500 | $3,120 - $15,000 | 24% |
| Technology | $7,933 | $8,500 | $1,126 - $11,000 | 20% |
| Consumer products | $7,716 | $7,616 | $6,000 - $9,350 | 6% |
| Manufacturing | $7,019 | $7,950 | $2,025 - $10,000 | 5% |
| Healthcare** | $6,780 | $6,933 | $4,000 - $8,938 | 4% |
| Law/Legal | $10,708 | $11,050 | $3,650 - $17,083 | 2% |
| Other* | N/A** | N/A | N/A | 6% |
*Other includes: Construction, energy/utilities, hospitality/tourism, non-profit, real estate, retail, and telecommunications
**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 2022 interns.
| Function | Average Monthly Salary | Median Monthly Salary | Salary Range | Percent Employed |
|---|---|---|---|---|
| Consulting | $10,766 | $12,133 | $2,166 - $15,000 | 29% |
| Investment Banking | $11,874 | $12,500 | $3,333 - $14,583 | 24% |
| Management | $7,670 | $8,100 | $1,126 - $11,600 | 18% |
| Finance | $8,188 | $8,667 | $1,733 - $10,833 | 14% |
| Marketing | $7,468 | $7,708 | $2,000 - $10,400 | 8% |
| Operations/Logistics | $8,667 | $8,750 | $6,680 - $10,000 | 4% |
| Other* | $9,653 | $7,543 | $3,650 - $17,083 | 2% |
| Information/Technology | $8,084 | $7,973 | $7,280 - $9,000 | 1% |
Other includes: Human resources and law
Average monthly Salary by Region
The majority of students–over half–interned in the Northeast region of the US. This region also paid the highest average monthly salary.
| Region | Average Monthly Salary | Median Monthly Salary | Salary Range | Percent Employed |
|---|---|---|---|---|
| Northeast | $10,176 | $10,800 | $2,000 - $16,033 | 53% |
| West | $8,860 | $8,800 | $1,126 - $17,083 | 18% |
| Midwest | $10,084 | $9,050 | $5,200 - $13,750 | 8% |
| Mid-Atlantic | $11,183 | $13,000 | $4,000 - $13,750 | 5% |
| Southwest | $10,339 | $9,750 | $4,853 - $13,700 | 4% |
| South | $10,227 | $10,417 | $3,466 - $13,750 | 3% |
| International | $8,221 | $8,100 | $1,200 - $13,000 | 9% |
Top Internship Companies: Two-Year MBA Class of 2022
In total, 233 companies recruited Johnson Two-Year MBAs for either full-time employment or internships during the 2020–2021 academic year. The list below represents the top companies that hired interns from the Two-Year MBA class of 2022.
