2017 Employment TWO-YEAR Report MBA

Transcription

1 2017 Employment TWO-YEAR Report MBA

2 A Letter from the EXECUTIVE DIRECTOR Welcome to the 2017 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, 93 percent of graduates had at least one offer of employment, and 91 percent accepted those offers. Average base salary was up approximately 3.5 percent, to $125,578. The increase was driven by salary growth in consulting and finance, and this is our highest salary level to date. We are proud that we know the employment status of 99 percent of our Class of 2017 students, which is a testament to the close-knit nature of our community. 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 3,100 one-on-one student appointments, hosted over 85 career programs, and organized a record number of corporate briefings and office hours. This year, we welcomed 38 new on-campus recruiting companies, a 72-percent jump versus last year. We held over 200 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 number-eleven 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-Cheatham Executive Director, MBA Career Management Center ccs86@cornell.edu Twitter: 1

3 Class of 2017 PROFILE *As of Admission, August STUDENTS (CLASS SIZE) 28 AVERAGE AGE AT ENTRANCE 98% STUDENTS WITH FULL- TIME WORK EXPERIENCE 5 AVERAGE YEARS OF FULL-TIME WORK EXPERIENCE 697 AVERAGE GMAT SCORE INTERNATIONAL WOMEN 35% 26% 10% UNDERREPRESENTED MINORITIES (U.S. MINORITIES) 2

4 Class of 2017 U.S. RESIDENCY Class of 2017 CITIZENSHIP 64% U.S. (U.S citizens and permanent residents only) 1% other 60% U.S. only 7% other North America 10% WEST 31% NORTHEAST 5% 8% 67% EUROPE MIDWEST MID-ATLANTIC NORTH AMERICA 1% MIDDLE EAST & NORTH AFRICA 5% 5% 5% SOUTHWEST SOUTH SOUTH AMERICA 4% 23% ASIA China 6% India 8% Other Asia 9% MICHAEL MARCUS, MBA 17 Assistant Brand Manager Colgate-Palmolive The strategic marketing immersion, Marketing Executive Coaching Program, career-work-group sessions, and Marketing Association set me up for success for both on- and off-campus interviews. 3

5 Class of 2017 EMPLOYMENT PROFILE *As of Graduation, May 28, % GRADUATES REPORTING FULL-TIME JOB OFFERS BY GRADUATION U.S.-work-authorized - 86% Not U.S.-work-authorized - 76% 283 NUMBER OF GRADUATES 264 NUMBER OF STUDENTS SEEKING EMPLOYMENT (FULL-TIME) 91% FULL-TIME JOB ACCEPTANCES REPORTED BY THREE MONTHS AFTER GRADUATION U.S.-work-authorized - 93% Not U.S.-work-authorized - 86% 16% GO INTO INVESTMENT BANKING SOURCES of Jobs Accepted 71% - School-facilitated recruiting activities 29% - Graduate-initiated job search activities 93 % GRADUATES REPORTING FULL-TIME JOB OFFERS BY THREE MONTHS AFTER GRADUATION U.S.-work-authorized - 95% Not U.S.-work-authorized - 89% 4

6 Class of 2017 FULL-TIME HIRES AND SALARY DATA MEAN SALARY AND BONUS SALARY SIGNING BONUS MEAN TOTAL $125,578 $31,604 U.S.-Work-Authorized $127,684 $32,171 Not U.S.-Work-Authorized $120,575 $30,295 SALARY, BONUS, AND PERCENT BY FUNCTION - SUMMARY SALARY SIGNING BONUS PERCENT Consulting $134,747 $28,270 26% Finance $122,456 $43,164 38% General Management $114,601 $25,035 21% Legal $182,308 $26,667 5% Marketing $106,975 $24,935 8% Other Job Functions * -- *-- 2% AVERAGE $125,578 $31, % * --Under the threshold of three offers to be reported under MBA CSEA Standards $4,350 INCREASE IN AVERAGE BASE SALARY VS. CLASS OF

7 Class of 2017 FULL-TIME HIRES AND SALARY DATA SALARY, BONUS, AND PERCENT BY FUNCTION SALARY SIGNING BONUS PERCENT Consulting $134,747 $28,270 26% Finance - Investment Banking $131,373 $56,516 16% Finance - Managerial Finance $112,889 $24,667 5% Finance - Research $122,000 $38,729 3% Finance - Other* $113,146 $23,333 14% General Management and Leadership Rotation Programs $111,857 $25,171 17% Product Management $125,300 $24,438 4% Legal $182,308 $26,667 5% Marketing and Brand Management $106,975 $24,935 8% Other Job Functions** $93,250 $10,833 2% AVERAGE $125,578 $31, % *Finance - Other includes: accounting, asset management, commercial banking, financial analysis, private equity, private wealth management, real estate, risk management, sales & trading, and venture capital **Other job functions include: economic analysis, HR, and other 6

8 Class of 2017 FULL-TIME HIRES AND SALARY DATA SALARY, BONUS, AND PERCENT BY INDUSTRY SALARY SIGNING BONUS PERCENT Consulting $134,069 $28,125 25% Consumer Products $106,900 $22,759 7% Energy and Utilities $111,600 $18,333 2% Financial Services $124,290 $44,643 33% Health Care $104,750 $17,813 3% Legal Services $182,308 $26,667 6% Manufacturing $111,364 $24,545 5% Technology/Telecommunications $118,000 $26,804 12% Other Industries** $106,929 $18,750 7% AVERAGE $125,578 $31, % **Other industries include: advertising, education, entertainment/media, hospitality and tourism, non-profit, real estate, retail, and transportation/logistics 7

9 Class of 2017 FULL-TIME HIRES AND SALARY DATA Salary, Bonus, and Percent by Industry Salary Signing Bonus Percent U.S. $128,285 $32,068 91% Northeast $132,047 $34,900 51% Mid-Atlantic $118,045 $20,500 5% Midwest $118,237 $26,538 8% West $127,488 $26,033 19% South $118,333 $40,000 4% Southwest $130,778 $39,063 4% Salary, Bonus, and Percent by Industry Salary Signing Bonus Percent Non-U.S. $100,444 $26,438 9% 12 COUNTRIES Asia $102,027 $27,544 6% Middle East & North Africa (MENA) 1% Central America, Caribbean $96,666 $27,000 1% South America 1% THAT THE CLASS OF 2017 ACCEPTED JOBS IN 8

10 Class of 2018 PROFILE *As of Admission, August STUDENTS (CLASS SIZE) 29 AVERAGE AGE AT ENTRANCE 98% STUDENTS WITH FULL- TIME WORK EXPERIENCE 5 AVERAGE YEARS OF FULL-TIME WORK EXPERIENCE 700 AVERAGE GMAT SCORE INTERNATIONAL WOMEN 33% 31% 15% UNDERREPRESENTED MINORITIES (U.S. MINORITIES) 9

11 Class of 2018 EMPLOYMENT PROFILE *As of (May 28, 2017) graduation and three months post 98% % OF STUDENTS WITH INTERNSHIP OFFERS BY GRADUATION U.S.-work-authorized - 100% Not U.S.-work-authorized - 94% 287 NUMBER OF STUDENTS 276 NUMBER OF STUDENTS SEEKING EMPLOYMENT (FULL-TIME) 99.6% U.S.-work-authorized - 100% Not U.S.-work-authorized - 99% INTERNSHIP % OF STUDENTS WITH INTERNSHIP OFFERS BY THREE MONTHS AFTER GRADUATION 275 ACCEPTANCES REPORTED SOURCES of Jobs Accepted 78% - School-facilitated recruiting activities 22% - Graduate-initiated job search activities 99.6% STUDENTS WHO ACCEPTED OFFERS BY THREE MONTHS AFTER GRADUATION 10

12 Class of 2018 SUMMER INTERNSHIPS AND SALARY DATA MEAN MONTHLY SALARY SALARY (MONTHLY) MEAN TOTAL $8,764 U.S.-Work-Authorized $9,064 Not U.S.-Work-Authorized $7,994 SALARY, BONUS, AND PERCENT BY FUNCTION - SUMMARY SALARY PERCENT Consulting $9,622 22% Finance $9,324 34% General Management $7,720 19% Human Resources $6,897 3% Law or Legal $15,000 1% Marketing and Business Development $7,128 14% 99% STUDENTS IN THE CLASS OF 2018 THAT HAVE PROVIDED RELIABLE AND ACCURATE EMPLOYMENT INFORMATION Other $8,886 7% 11

13 Class of 2018 SUMMER INTERNSHIPS AND SALARY DATA SALARY, BONUS, AND PERCENT BY FUNCTION SALARY PERCENT Consulting $9,622 22% Human Resources $6,897 2% Finance - Financial Analysis $5,983 2% Finance - Investment Banking $10,415 18% Finance - Managerial Finance $7,624 5% Finance - Mergers and Acquisitions $10,083 1% Finance - Other $7,772 6% Finance - Real Estate $6,911 2% General Management $7,720 19% Law $14,795 4% Marketing $7,128 14% Other Job Functions $5,490 5% 18% CLASS OF 2018 INTERNED IN INVESTMENT BANKING 12

14 Class of 2018 SUMMER INTERNSHIPS AND SALARY DATA SALARY, BONUS, AND PERCENT BY INDUSTRY SALARY PERCENT Consulting $10,249 18% Consumer Products $7,332 9% Energy and Utilities $6,388 1% Financial Services $9,970 27% Health Care/Pharmaceuticals $6,889 7% Legal Services $14,795 4% Manufacturing $8,025 9% Other Industries $4,917 7% Real Estate $5,478 3% Technology $6,935 14% Telecommunications $6,933 1% 99% SECURED PAID INTERNSHIPS (SUMMER 2017) 13

15 Class of 2018 INTERNSHIP HIRES AND SALARY DATA SALARY, BONUS, AND PERCENT BY LOCATION SALARY PERCENT U.S. $8,871 91% Northeast $9,637 55% Mid-Atlantic $4,507 2% Midwest $8,088 13% West $6,838 12% South $7,880 4% Southwest $9,009 5% SALARY, BONUS, AND PERCENT BY LOCATION SALARY PERCENT Non-U.S. $7,274 9% Asia $7,205 7% Central & Southern America $6,610 1% Other International $7,926 1% BRIGHT BOTCHWAY, MBA 18 Summer Associate Intern Bain & Company The professional clubs and CMC s structured programs for recruitment were all instrumental in my landing my internship. Knowing that everyone was working extra hard to help me achieve success was very inspiring. 14

16 Two-Year Full-Time TOP-RECRUITING COMPANIES Citigroup Inc. Amazon Deloitte Consulting LLP EY (Ernst & Young) McKinsey & Company Pricewater housecoopers Accenture PLC Bain & Company Guggenheim Partners, LLC Tata Consultancy Services Limited (TCS) Bank of America Merrill Lynch Corning Incorporated Liberty Mutual 122 INDIVIDUAL COMPANIES THAT HIRED THE CLASS OF

17 Two-Year Internships TOP-RECRUITING COMPANIES Amazon EY (Ernst & Young) Corning Incorporated Deloitte Consulting, LLP Pricewaterhousecoopers Barclays PLC Citigroup Inc. Guggenheim Partners, LLC S. C. Johnson & Son, Inc. IBM Corporation J.P. Morgan Johnson & Johnson Liberty Mutual Procter & Gamble Co. 45% STUDENTS ACCEPTING A JOB FROM AN EMPLOYER THEY INTERNED WITH THE PREVIOUS SUMMER 16

18 Grand Total TOP-RECRUITING COMPANIES Amazon Citigroup Inc. EY (Ernst & Young) Deloitte Consulting LLP PricewaterhouseCoopers Corning Incorporated Guggenheim Partners, LLC McKinsey & Company Liberty Mutual Accenture PLC Bain & Company J.P. Morgan Barclays PLC Deutsche Bank AG IBM Corporation Johnson & Johnson Bank of America Merrill Lynch S. C. Johnson & Son Inc. Tata Consultancy Services Limited (TCS) Cisco Systems, Inc. Colgate- Palmolive Company Procter & Gamble Co. *Combined numbers of internship and job acceptances per company. 17