Cornell University’s Samuel Curtis Johnson Graduate School of Management MBA Class of 2023 employment report showcases the robust market demand for the class. 285 out of 306 graduates were seeking employment and, within three months of graduation, 94 percent of the class secured employment offers. Ninety-three percent accepted job offers within three months of graduation.
The average base salary for the Class of 2023 of $162,808 marks a five percent increase compared to the previous year’s class, and the average signing bonus increased slightly as well to $38,826. The median base salary reached $175,000. Top employers for the Class of 2023 include industry giants such as Amazon, Bain and Company, Bank of America, Deloitte, and Morgan Stanley.
Industry & Geographic Placement
The Cornell Johnson MBA Class of 2023 found success across several industries. Consulting took the top spot, with 42 percent of the class entering the field, earning an average salary of $177,592. Financial services recruited 35 percent of graduates with an average salary of $165,814. Eleven percent went into technology & telecommunications, with a reported average salary of $138,888. Consumer packaged goods and healthcare/medical services/pharmaceuticals hired 4 percent and 3 percent of graduates, respectively.
|Consumer Packaged Goods||4%|
Ninety-five percent of the graduating class stayed in the U.S. Geographically, the Northeast, where the average salary was reported at $166,583, emerges as the dominant region for Johnson MBA employment, hosting 52 percent of the Class of 2023. The West attracted 15 percent of graduates, and average salaries reached $163,465. Another nine percent settled in the Midwest U.S. at an average salary of $156,476. The Mid-Atlantic, Southwest, and South each saw nearly seven percent of the class begin careers in these regions, which reported average starting salaries of $169,412, $167,359, and $158,153, respectively.