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2016 Two-year MBA Employment Report

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In this ReportA letter from the Executive Director ..................... 3

Class of 2016 Profile .............................................. 4

Class of 2016 Employment Summary ................6-7

Class of 2017 Profile .............................................. 9

Class of 2017 Internship Summary ................ 11-12

Career Management Center Staff Directory ....... 13

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A letter from the Executive Director

Welcome to the 2016 Two-year MBA Employment Report for the Samuel Curtis Johnson Graduate School of Management at Cornell University. The entire Johnson community, including the Career Management Center (CMC), faculty, staff, alumni, and recruiters, is committed to the success of our students.

As of three months after graduation, 94 percent of graduates had at least one offer of employment, up 2 points versus last year. This is the highest level we have seen in nine years. Employment for international and domestic students was virtually equal. Average base salary was up approximately 2 percent, to $121,228. The increase was driven by salary growth in consulting and finance, and this is our highest salary level to date. In fact, our salary levels were recently ranked #9 in the 2016 Bloomberg Businessweek survey. CMC career advisors possess significant functional and industry expertise in their advising areas, having worked for companies such as McKinsey & Company, RBC Royal Bank, Castrol, Playtex, and Google. We conducted more than 3,500 one-on-one student appoint-ments, hosted over 70 career programs, and organized a record number of corporate briefings and office hours.

This year, we welcomed 22 new on-campus recruiting companies and held over 330 meetings with companies. As one of our recruiters commented, “The quality of students is as high as ever, and we are happy to continue to recruit at Cornell.” This sentiment is reflected in the 2016 Recruiter Survey for Bloomberg Businessweek, where Cornell landed in the #11 spot. Each year we experience the anticipation and joy of meeting incoming students, share their anxieties and optimism regarding job searches, and feel pride and satisfaction when they graduate and launch their new careers. Student achievements are made possible because of the unwavering commitment of the entire Johnson community. Unharness the power of more than 15,000 Johnson and 250,000 global Cornell alumni by contacting us today. Sincerely, Cynthia Saunders-CheathamExecutive Director, Career Management Centerccs86@cornell.edu607-254-3375Twitter: @cornellmba_cmc @cynthiasc

Key CMC Activities

• hosted almost 100 companies conducting 257 interview schedules

• conducted over 70 career programs

• approved more than 3,800 job postings, a 58 percent increase compared to prior year

• recruited and welcomed 22 new companies for on-campus recruiting

• conducted more than 330 meetings with companies

• collaborated with peers from other top business schools to host interview forums in New York City, Chicago, and the Bay Area

• represented Johnson at major MBA conferences and career fairs including the National Black MBA Association, National Society of Hispanic MBAs, Reaching Out MBA, Forté Foundation, Consortium for Graduate Study in Management, and Net Impact

• conducted more than 3,500 one- on-one student appointments

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Class of 2016 Profile

The summer before my first year at Johnson, I had the opportunity to start early diversity recruiting via the Consortium Orientation Program. The support I received before even stepping foot on campus blew me away. From the CMC’s weekly webinars and one-on-one calls with the executive director to mock interviews with current students and information sessions with alumni, the Johnson community went above and beyond my expectations and helped me secure multiple internship offers.

Thanks to an incredible core curriculum, the collaborative learning environment, early leadership experiences, and performance learning during my first year at Johnson, I was fully prepared to over-deliver during my internship. I’m thrilled to already have the chance to give back to Johnson with my company, who is recruiting on campus for the first time.

Jennifer Garner, MBA ’16Senior Associate Brand Manager, at The Kraft Heinz Company

Demographics at Time of Admission, August 2014Class size 284

Average age at entrance 28

Students with full-time work experience 99%

Average years of full-time work experience 5

International 30%

Women 28%

Underrepresented Minorities (U.S. minorities) 14%

Average GMAT 692

Residency by Domestic RegionU.S. (U.S. Citizens and Permanent Residents Only) 70%

Mid-Atlantic 11%

Midwest 6%

Northeast 27%

South 6%

Southwest 4%

West 14%

Other 3%

Citizenship by Geographic RegionAfrica – Sub-Saharan 1%

Asia 18%

China only 6%

India only 7%

Other Asia 6%

Australia and Oceania 1%

Europe – Free Trade Area Countries 4%

Non Europe – Free Trade Area Countries 1%

North America 70%

U.S. only 65%

Other North America 6%

South America 6%

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94% of students had

job offers 3 months

after graduation.

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*Fewer than three students reported

Numbers fluctuate from time of admission to graduation due to students pursuing dual degrees, the Employee Degree Program, and change in status.

Class of 2016 Employment Summary

Employment Profile

Number of graduates 292

Number of students seeking employment (full-time) 263

Full-time job offers by graduation 84%

U.S. work-authorized 84%

Not U.S. work-authorized 85%

Full-time job offers by 3 months after graduation 94%

U.S. work-authorized 94%

Not U.S. work-authorized 95%

Full-time job acceptances reported 90%

Sources of Jobs Accepted

School-facilitated recruiting activities 62%

Graduate-initiated job search activities 38%

Mean Salary, Bonus, and Other Guaranteed Compensation

Mean total $121,228 $30,904 $22,273

U.S. work-authorized $120,594 $30,591 $24,765

Not U.S. work-authorized $122,905 $31,716 $19,194

Salary, Bonus, Other Guaranteed Compensation, and Percent by Function

Consulting $130,362 $28,459 $19,804 29%

Finance $120,509 $42,086 $45,338 33%

General Management $115,569 $23,537 $15,439 22%

Human Resources $99,000 $20,833 * 2%

Marketing $104,953 $23,786 $6,648 11%

Other Job Functions $156,429 * * 3%

As an international student needing sponsorship, I knew the MBA recruiting process was going to be an intense and grueling experience, but to my surprise it also turned into an exhilarating self-discovery journey.

Being able to rely on 270+ brilliant classmates and friends on top of a uniquely strong alumni network helped me to craft my story, polish my résumé, and finally enabled me to make a successful transition into the high-tech industry.

I was fortunate enough to land an internship at Google. My Johnson experience prepared me well. Professor Schmidt’s Data Analytics course coupled with the leadership and teamwork skills I developed in my first year were instrumental in converting the internship into a full-time offer.

Luis Arellano, MBA ’16Global Process Manager,Finance Operations at Google

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U.S. $121,624 $31,160 $21,428 92%

Mid-Atlantic $108,683 $25,500 * 4%

Midwest $115,176 $24,306 $12,297 8%

Northeast $124,693 $34.348 $23,222 53%

South $111,278 $38,833 * 4%

Southwest $137,000 $21,333 * 5%

West $116,160 $25,998 $16,108 18%

Non-U.S. $116,646 $28,035 $26,015 8%

Asia $123,330 $17,833 * 3%

Australia and * * * 1% Oceania

Central America $106,676 42,500 * 2% and the Caribbean

Middle East and * * * 1% North Africa

South America * * * 1%

Top Recruiting Companies

Deloitte Consulting LLPAmazon.com, Inc.The Boston Consulting GroupCitigroup Inc.EY (Ernst & Young)McKinsey & CompanyAccenture PLCLiberty Mutual GroupBank of AmericaBain & CompanyDeutsche Bank AGMicrosoft CorporationRBC Capital MarketsSamsung Electronics Co., Ltd.SunTrust Robinson Humphrey

*Fewer than three students reported

Salary, Bonus, Other Guaranteed Compensation,and Percent by Function – Detailed

Consulting $130,362 $28,459 $19,804 29%

Finance – Financial Analysis $117,000 $16,667 * 2%

Finance – Investment Banking $127,027 $50,083 $86,500 17%

Finance – Managerial Finance $109,667 $34,357 * 5%

Finance – Other $119,742 $33,438 $35,400 6%

Finance – Private Equity $101,167 $20,000 * 3%

General Management $115,569 $23,537 $15,439 22%

Law $156,429 * * 3%

Marketing $104,953 $23,786 $6,648 11%

Other Job Functions $99,000 $20,833 * 2%

Consulting $132,525 $29,362 $19,804 25%

Consumer Products $104,133 $24,107 $5,530 6%

Energy and Utilities $112,625 $10,000 * 3%

Financial Services $123,259 $42,175 $35,278 32%

Health Care $110,090 $25,556 $18,750 5%

Hospitality or Tourism * * * 1%

Legal Services $165,714 $14,000 * 3%

Manufacturing $105,632 $18,269 * 6%

Media or Entertainment $105,833 * * 1%

Other Industries $94,400 * * 2%

Real Estate $101,400 $15,000 * 2%

Technology $118,085 $27,498 $18,083 12%

Telecommunications * * * 1%

Salary, Bonus, Other Guaranteed Compensation, and Percent by Industry

Salary, Bonus, Other Guaranteed Compensation, and Percent by Location

Mean base annual salary

for graduates is

$121,228,

an increase of

$2,128

from the prior year.

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I came to Johnson seeking an executive development program at a large, global, Fortune 100 company. Thanks to the CMC’s corporate connections, I was able to find a company that fit my priorities, provides global exposure, and allows me to execute challenging business problems as a senior business consultant. Johnson does a great job of cultivating relationships with companies that fit its collaborative, generous, and global environment.

Cody Mitchell, MBA ’17, Roy H. Park FellowSummer Associate, Corporate Development Program at Liberty Mutual

Class of 2017 Profile

Demographics at Time of Admission, August 2015

Class size 274

Average age at entrance 28

Students with full-time work experience 98%

Average years of full-time work experience 5

International 35%

Women 26%

Underrepresented Minorities (U.S. minorities) 10%

Average GMAT 697

Residency by Domestic Region

U.S. (U.S. Citizens and Permanent Residents Only) 65%

Mid-Atlantic 8%

Midwest 5%

Northeast 31%

South 5%

Southwest 5%

West 10%

Other 1%

Citizenship by Geographic Region

Asia 23%

China only 6%

India only 8%

Other Asia 9%

Europe – Free Trade Area Countries 1%

Middle East and North Africa 1%

Non Europe – Free Trade Area Countries 2%

North America 67%

U.S. only 60%

Other North America 7%

South America 5%

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The CMC hosted

more than

3,800

job postings,

an increase of

58%

compared to the

prior year.

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Sources of Jobs Accepted

School-facilitated recruiting activities 68%

Student-initiated job search activities 32%

Mean Monthly Salary

Mean total $10,091

U.S. work-authorized $9,948

Not U.S. work-authorized $10,421

Monthly Salary and Percent by Function

Consulting $10,334 18%

Finance $9,333 $1740%

General Management $7,192 $2322%

Marketing $7,121 $2715%

Other $12,555 5%

I came to Johnson as a career switcher. When it came to do my professional search for internships, I was very much exploring unknown territory. Johnson’s core curriculum, immersion program, and supportive community helped me successfully navigate this anxiety-filled process to receive multiple offers within my areas of interest and at top companies.

I found that the CMC and other professional extracurricular activities served as the perfect bridge to connect students with alumni who are eagerly looking to recruit new Johnson MBAs. The relationships and network I built were key factors in my professional successes.

David Tse, MBA ’17Summer Finance Associateat DTE Energy

Class of 2017 Internship Summary

Employment Profile

Number of students 288

Number of students seeking employment (full-time) 280

Internship offers by May 2016 97%

U.S. work-authorized 97%

Not U.S. work-authorized 97%

Internship offers by August 2016 99%

U.S. work-authorized 99%

Not U.S. work-authorized 100%

Internship acceptances reported 278

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99% of

students accepted

internship offers.

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Monthly Salary and Percent by Function – Detailed

*Fewer than three students reported

Consulting $10,334 18%

Finance – Asset Management $8,902 4%

Finance – Investment Banking $11,022 17%

Finance – Managerial Finance $7,598 4%

Finance – Other $7,318 6%

Finance – Private Equity * 3%

Finance – Private Wealth Management $9,722 1%

Finance – Real Estate * 1%

Finance – Research $9,266 2%

Finance – Risk Management * 1%

Finance – Sales and Trading * 1%

General Management $7,183 21%

Law $13,224 5%

Marketing $7,149 15%

Other Job Functions * 1%

Monthly Salary and Percent by Industry

Consulting $10,518 16%

Consumer Products $6,567 8%

Energy and Utilities $6,160 3%

Financial Services $9,449 35%

Health Care/Pharmaceuticals $6,555 3%

Legal Services $13,224 5%

Manufacturing $7,644 8%

Media or Entertainment * 1%

Other Industries * 1%

Real Estate $7,773 2%

Technology $7,446 16%

Telecommunications $8,452 2%

Monthly Salary and Percent by Location

U.S. $8,842 92%

Mid-Atlantic $8,401 6%

Midwest $8,619 8%

Northeast $9,404 51%

South $7,862 4%

Southwest $8,147 4%

West $7,912 18%

Non-U.S. $8,655 8%

Asia $8,670 4%

Other International $9,333 1%

Central and Southern America $7,940 3%

Top Recruiting Companies

Amazon.com, Inc.

Bank of America

PwC

Citigroup Inc.

McKinsey & Company

Corning Incorporated

EY (Ernst & Young)

Liberty Mutual Group

Deloitte Consulting LLP

Goldman Sachs Group, Inc.

Bain & Company

UBS Securities LLC

Deutsche Bank AG

JPMorgan Chase & Co.

Debbie LukAssociate Directordl884@cornell.edu

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Career Management Center Staff Directory

Operational Staff

Holly PotterCampus Recruiting Managerhcp2@cornell.edu

Andrew ArmitageInformation and Research Manageraja232@cornell.edu

Kate MendilloAdministrative Assistantkbm76@cornell.edu

Kelly CrispellCorporate Account Managerkal59@cornell.edu

Erin KaminskaAdministrative Assistanteak267@cornell.edu

Marcie PurcellCorporate Account Managermk594@cornell.edu

Cynthia Saunders-CheathamExecutive Directorccs86@cornell.edu

Jacob Lehman ’06Associate Directorjkl33@cornell.edu

David Capaldi, MBA ’95Associate Directordbc3@cornell.edu

Liz ArnoldAssociate Directorlizarnold@cornell.edu

Monica TouesnardAssociate Directormat59@cornell.edu

Annie MarraAssistant Directoraem324@cornell.edu

Professional Advising Staff

Laurie SedgwickDirector of Career ManagementExecutive MBA Programs and Alumnilds9@cornell.edu

Nicole WoodardAssociate DirectorExecutive MBA Programs (NYC)ndw25@cornell.edu

Liz ColodnyAssociate DirectorExecutive MBA Programs (NYC)esc84@cornell.edu

EMBA | Alumni Advising Staff

Lynne AllenAssociate DirectorAlumni Career Development (NYC)lga3@cornell.edu

14 lbd6 111914 OMC

johnson.cornell.edu