2023 Employment Report Data
See how the Cornell MBA drives your potential earnings and career opportunities. The data below details the compensation, locations, companies, industry sectors, and job functions of recent graduates.
Two-Year Cornell MBA Class of 2023: Full-Time Job Offers and Acceptances
Of the 306 Two-Year MBA graduates in the class of 2023, 285 were seeking full-time employment. Almost the entire class—94 percent—received a job within three months of graduation. Graduates with US work authorization received a slightly higher percentage of offers at 97 percent, while non-US work authorization graduates received a slightly lower percentage of offers at 88 percent.
94%
RECEIVED OFFERS
within three months of graduation
93%
ACCEPTED OFFERS
within three months of graduation
Two-Year Class of 2023: Average Base Salary
The Two-Year MBA class of 2023 saw their average base salary increase compared to graduates in the class of 2022. US work authorized graduates earned slightly more than the average at $163,896 and non-US work authorized graduates earned slightly less than the average at $160,495.
$162,808
AVERAGE BASE SALARY
Class of 2023
5%
INCREASE IN AVERAGE BASE SALARY
compared to the class of 2022
$175,000
Median Base Salary
Class of 2023
$163,896
US WORK AUTHORIZED
average base salary
$160,495
NON-US WORK AUTHORIZED
average base salary
Salary Data
Interested in how average base salary changes by location, industry, or job function? Take a look below.
Salary by Industry
Over a third of Johnson 2023 graduates are employed in each the consulting and financial services industries, which have the first and second highest average base salary, respectively. The technology and telecommunications industry rounds out the top three industries with the third highest average base salary for the graduating class.
| Industry | Average Base Salary | Median Base Salary | Salary Range | Percent Employed |
|---|---|---|---|---|
| Consulting | $177,592 | $190,000 | $71,500-$195,000 | 42% |
| Financial services | $165,814 | $175,000 | $79,000-$200,000 | 35% |
| Technology & Telecommunications | $138,374 | $138,000 | $82,000-$186,000 | 11% |
| Consumer packaged goods | $119,300 | $125,000 | $90,000-$128,000 | 4% |
| Healthcare/Medical Services/Pharmaceuticals | $133,971 | $130,000 | $125,000-$147,800 | 3% |
| Energy/Utilities | $131,250 | $135,000 | $110,000-$145,000 | 2% |
| Manufacturing | $120,500 | $128,500 | $90,000-$135,000 | 2% |
| Other* | N/A | N/A | N/A | 1% |
*Other includes: Real estate, retail, and hospitality/tourism
N/A: less than three data points required for student anonymity
Salary By World Region
Ninety-five percent of the class of 2023 found employment in North America. The remaining five percent were spread out across the world.
| World Region | Average Base Salary | Median Base Salary | Salary Range | Percent Employed |
|---|---|---|---|---|
| North America | $164,847 | $175,000 | $80,000-$200,000 | 95% |
| Central America and Caribbean/South America | $118,022 | $120,000 | $71,500-$148,865 | 3% |
| Asia and Middle East/North Africa | $140,165 | $130,000 | $110,000-$180,000 | 2% |
| European Free Trade Zone | N/A | N/A | N/A | <1% |
Salary by US Region
The vast majority of the class of 2022, 91 percent, remained in the US for work. The Northeast region employed half of the Two-Year Johnson MBA graduates with the second highest average base salary. The Midwest region had the highest average base salary which was two percent more than the Northeast.
| US Region | Average Base Salary | Median Base Salary | Salary Range | Percent* Employed |
|---|---|---|---|---|
| Northeast | $166,583 | $175,000 | $98,000-$192,000 | 55% |
| West | $163,465 | $175,000 | $82,000-$192,000 | 16% |
| Midwest | $156,476 | $170,000 | $90,000-$200,000 | 9% |
| Mid-Atlantic | $169,412 | $175,000 | $110,000-$192,000 | 7% |
| South | $158,153 | $175,000 | $80,000-$195,000 | 7% |
| Southwest | $167,359 | $175,000 | $111,000-$192,000 | 7% |
*does not total to 100 due to rounding
Average Base Salary by Job Function
Johnson’s strengths in consulting and finance are evident with 40 percent of the class of 2023 hired into consulting and over a third of the class hired into finance and investment banking.
| Job Function | Average Base Salary | Median Base Salary | Salary Range | Percent Employed |
|---|---|---|---|---|
| Consulting | $178,049 | $190,000 | $71,500-$195,000 | 40% |
| Finance and Investment Banking | $163,967 | $175,000 | $79,000-$200,000 | 38% |
| Marketing | $127,754 | $126,000 | $80,000-$171,000 | 11% |
| Management | $141,053 | $140,000 | $82,000-$192,000 | 8% |
| Operations/Logistics | $154,600 | $146,000 | $142,800-$175,000 | 1% |
| Other* | N/A | N/A | N/A | 2% |
*Other includes: Entrepreneurship, human resources, and information/technology
A detailed breakdown for the Finance and Investment Banking, Marketing, and Management job functions is below:
| Detailed Job Function | Average Base Salary | Median Base Salary | Salary Range | Percent Employed |
|---|---|---|---|---|
| Finance & Investment Banking | ||||
| Investment Banking | $175,062 | $175,000 | $110,000-$200,000 | 70% |
| Corporate Finance | $130,589 | $130,000 | $79,000-$160,000 | 19% |
| Asset Management and Equity Research | $143,267 | $140,000 | $124,800-$165,000 | 4% |
| Other Finance & Investment Banking | $159,000 | $150,000 | $140,000-$180,000 | 6% |
| Finance & Investment Banking Total | ≈100% | |||
| Marketing | ||||
| Brand/Product Management | $127,133 | $125,000 | $110,000-$171,000 | 54% |
| General and Other Marketing | $116,500 | $128,000 | $80,000-$130,000 | 14% |
| Sales Management | $125,250 | $125,500 | $115,000-$135,000 | 14% |
| Other Marketing | $140,620 | $145,000 | $90,000-$169,000 | 18% |
| Marketing Total | ≈100% | |||
| Management | ||||
| Project/ Program Management | $135,429 | $145,000 | $82,000-$186,000 | 37% |
| Rotational/Development Program | $141,429 | $140,000 | $130,000-$155,000 | 37% |
| General Management | $137,500 | $135,000 | $110,000-$170,000 | 21% |
| Other Management | N/A | N/A | N/A | 5% |
| Management Total | ≈100% |
Two-Year Class of 2023: Signing Bonus Data
The Two-Year MBA class of 2023 received an average signing bonus of $38,826 on top of their average base salary. US work authorized graduates received a slightly lower than average signing bonus at $36,272 and non-US work authorized graduates received a slightly higher than average signing bonus at $44,146.
$38,826
AVERAGE SIGNING BONUS
Class of 2023
$36,272
US WORK AUTHORIZED
average signing bonus
$44,146
NON-US WORK AUTHORIZED
average signing bonus
Two-Year Class of 2023: Top Hiring Companies
The list below represents the top 15 companies that hired Two-Year MBA class of 2023 graduates for full-time positions.
