MBA Class Of 2021 Jobs: Offers Soar For Cornell Grads

Cornell University MBAs with mascot

Johnson MBAs with the Cornell University mascot. Courtesy photo

WHERE CORNELL GRADS GO TO WORK

Johnson’s MBAs were recruited by a record total of 233 companies for either full-time employment or internships during the 2020–2021 academic year. Top employers included Amazon, Bain & Company, Bank of America, Deloitte, McKinsey and Company, and Citi.

Financial services continues to be the preferred industry with more than a third (36%) of Johnson graduates employed. It also has the second highest average base salary of $147,396. That’s up from 34% employed in 2020 with an average base salary of $139,752. 

Consulting is the second most popular occupation (27%), but it has the highest salary at $148,389, which is down from $154,608 the year before. Technology rounds out the top three with 17% employed and an average base salary of $132,084. Tech salaries rose 2.7% from last year’s average base of $128,656.

An overwhelming majority of Cornell grads (51%) stayed in the Northwest, earning an average base salary of $144,098. Interestingly, the southwest provided the highest base salary for 2021 grads at $147,647, but only 7% took jobs there.

You can see Cornell’s full 2021 jobs report here. 

INTERNS SEE HIGH ACCEPTANCE, FLAT SALARIES

Of the 272 Class of 2022 MBAs seeking summer internships, 99% accepted offers. The average monthly salary of $9,712 was flat compared to that of last summer’s Class of 2021 interns. U.S. work authorized salaries were slightly higher at $10,079, while non-U.S. work authorized were slightly lower at $8,930.

“In addition to placements for full-time offers, we also track internship recruiting success, and our Fall 2021 internship stats are similarly excellent.  That suggests continued strength and foreshadows a similarly strong 2022 Employment Report,” Nelson tells Poets&Quants.

Like the 2021 graduates, financial services was the most popular industry for interns at 34%. The average monthly salary was $10,974. Consulting was a the second most popular industry at 24% with a salary of $11,638, followed by technology at 20% of interns with a monthly salary of $7,933.

See all the internship data in Cornell Johnson’s employment report here.

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