Cornell University

Program Basics

• • Two Year MBA Program
  • Samuel Curtis Johnson Graduate School of Management
  • 114 East Avenue
  • 111 Sage Hall
  • Ithaca, 14853, New York
  • United States
  • Program Web site: http://www.johnson.cornell.edu/Academic-Programs/Full-Time-MBA/Two-Year-MBA.aspx
  • Status: Private
  • Program e-mail address: mba@johnson.cornell.edu
  • Graduate business school is accredited by:
    • Association to Advance Collegiate Schools of Business (AACSB)

SCHOOL BASICS

• Graduate business school enrollment:

  • Total: 1,005
  • Full-Time MBA: 593
  • Executive MBA: 373
  • PhD Program: 39

PROGRAM COSTS

• Total direct costs (tuition and required fees) of the entire MBA program:

  • Resident: $102,960.00
  • Nonresident: $102,960.00
  • Recommended annual budget (Resident): $73,660.00
  • Recommended annual budget (Nonresident): $73,660.00

PROGRAM LENGTH

• • Full-time program (months): 21

ADMISSIONS

• Application Deadlines

  • Semester: Fall 2012
  • Deadline: Oct 12, 2011
  • Semester: Fall 2012
  • Deadline: Nov 30, 2011
  • Semester: Fall 2012
  • Deadline: Jan 25, 2012
  • Semester: Fall 2012
  • Deadline: Mar 14, 2012
• • Does the program have rolling admissions? No
  • Is proficiency in English required for admission? Yes
  • Is a minimum score on an English language proficiency test required? Yes

• Which English language proficiency tests are accepted?

  • • IELTS
    • TOEFL Internet Based Test
    • TOEFL Paper-based Test
• • Minimum paper-based TOEFL score required for MBAs: 600

• Relative Importance of Application Elements:

  • GMAT Score: Very Important
  • Resume/Work Experience: Very Important
  • Application Essays: Very Important
  • Interviews: Very Important
  • Recommendations: Very Important
  • Undergraduate Transcripts: Very Important

APPLICANTS

• • Applications (admitted and denied) to the newest class: 1,791
  • Applicants who were accepted to the most recent class: 27 %
  • Admitted applicants who enrolled in the newest class: 56 %
  • Applicant interviews are: Required
  • Applicants (admitted and denied) who were interviewed: 53 %
  • Admitted applicants who were interviewed: 100 %

APPLICANT POOL

• • Applications from women received: 26 %

CLASS PROFILE

• Full-time students in newest entering class (2011-2012) that are:

  • Female: 30 %
  • International: 34 %
  • Married: 15 %

• Students from following regions:

  • Africa: 0 %
  • Asia: 27 %
  • Europe: 3 %
  • North America: 68 %
  • Latin America and the Caribbean: 2 %
  • Oceania: 0 %
  • Dual citizenship: 5 %

• Percentage of U.S. students in newest entering class that are:

  • African American: 10 %
  • Asian American: 25 %
  • Hispanic or Latino American: 4 %
  • Multiethnic/Multiracial: 5 %
  • Native American: 0 %
  • White (Non-Hispanic): 53 %
  • Chose not to report: 3 %

• Percentage of U.S. students in newest entering class who are from the following regions:

  • Northeast: 55 %
  • Mid-Atlantic: 11 %
  • South: 5 %
  • Southwest: 2 %
  • Midwest: 10 %
  • West: 17 %
  • Possessions and territories: 0 %
• • Median age of entering class: 27
  • Mean age of entering class: 27

FINANCIAL AID

• • Full-time MBAs apply for financial aid through: Dedicated financial aid office at the B-school
  • Full-time MBAs receiving financial aid in the current academic year: 76 %
  • Mean MBA financial aid package for the current academic year: $51,737.00
  • Median MBA financial aid package for the current academic year: $51,480.00
  • On what basis are scholarships awarded?
    • academic merit
  • How does an applicant apply for scholarship consideration? As part of the admissions application
  • Mean scholarship awarded to full-time MBAs in the previous academic year: $24,330.00
  • Percentage of first-year students receiving financial aid who receive at least the same amount in their second year of study: 100 %
  • Does the school offer a guaranteed loan to all MBAs regardeless of nationality? No
  • Mean outstanding debt among the most recent graduates from the full-time MBA program: $90,194.00

GMAT

• • Are applicants required to take the GMAT? Yes
  • Are applicants allowed to submit the GRE? Yes

• GMAT score distribution (applicant pool):

  • 25th Percentile 660
  • 50th Percentile (median) 700
  • 10th Percentile 620
  • 75th Percentile 720
  • 90th Percentile 740
  • Average GMAT Score 687

• GMAT score distribution (incoming class):

  • 25th Percentile 660
  • 50th Percentile (median) 700
  • 10th Percentile 630
  • 90th Percentile 740
  • 75th Percentile 720
  • Average GMAT Score 691

CLASS OFFERINGS

• • Average number of students in a full-time MBA core class: 83
  • Average number of students in a full-time MBA elective class: 53
  • Elective courses available to full-time MBA students: 120

• Electives that have been added to the full-time program since June 30, 2010:

  • Cornell Lectures in Finance
  • Emerging Markets Finance
  • Current Topics in Marketing
  • Start up Learning Series
  • Leaders in Sustainable Global Enterprise

• Concentrations and specializations offered to full-time MBA students:

  • • Consulting
    • Finance
    • Entrepreneurship
    • Marketing
    • Leadership
    • Operations Management
    • Strategy
    • International Business
    • Portfolio Management
  • Sustainable Global Enterprise, Investment Banking, Private Equity

• Joint-degree programs offered to full-time MBAs:

  • • MBA/JD (Law)
    • MBA/MD (Medicine)
    • MBA/Meng (Engineering - Manufacturing Management)
    • Other
    • MBA/MILR (Industrial Labor Relations)
• • Does the school offer an accelerated full-time MBA program? Yes

• The school believes that its leading areas of study for full-time MBA students are:

  • • Finance
    • Entrepreneurship
    • Marketing
    • Consulting
    • Portfolio Management

FACULTY

• • Faculty employed by the B-school: 100

• Full-time faculty:

  • Tenured: 36
  • Non-Tenured: 23

• Adjunct/Visiting Faculty:

  • Tenured: 2
  • Non-Tenured: 39

• Women on Faculty:

  • Tenured: 7
  • Non-Tenured: 13

• Minority Faculty:

  • Tenured: 11
  • Non-Tenured: 15

• International Faculty:

  • Tenured: 10
  • Non-Tenured: 11

• Faculty with PhDs:

  • Tenured: 38
  • Non-Tenured: 36

STUDENT LIFE

• Professional clubs available to full-time MBA students:

  • • Biotech/Health care
    • Corporate Social Responsibility/NetImpact
    • Entrepreneurship
    • Consulting
    • Other
    • Business Ethics
    • Finance
    • Marketing
    • Nonprofit
    • VC/ Private Equity
    • Environmental
    • High Tech
    • Investment Banking
    • Manufacturing
    • Media & Entertainment
    • Human Resources

• Networking clubs available to full-time MBA students:

  • • Black MBA Association
    • Hispanic Student Organization
    • International Club
    • Partners/Family
    • Women in MBA
    • Other
    • Volunteer
    • Gay/Lesbian/Bisexual
    • Wine

TEACHING/ACADEMICS

• Teaching methods used:

  • Case Study: 30 %
  • Distance Learning: 3 %
  • Experiential Learning: 15 %
  • Lectures: 30 %
  • Simulations: 2 %
  • Team Projects: 20 %

• Requirements for graduation:

  • • Students must have attended a minimum number of classes
    • Students must have earned a pre-determined GPA/Letter grade average

TECHNOLOGY

• • Technology improvements in the last three academic years: The Samuel Curtis Johnson Graduate School of Management upgraded all classrooms with state of the art projection and control systems, installed HD LCD Screens in student breakout rooms and upgraded videoconferencing capability in the "Interview" Room and the Parker Center for Investment Research. The Cornell-Queen's Executive MBA Program expanded into 4 additional areas - Austin, San Diego, Los Angeles, and the San Francisco Bay Area, for a total of 16 boardrooms in 15 cities across the US.

B-SCHOOL ALUMNI

• • Living MBA alumni: 13,468
  • Active MBA alumni clubs: 26
  • Countries in which MBA clubs exist: 11
  • Business School endowment: $167,136,000.00
  • Does the main university offer career placement services for alumni? Yes
  • Does the main university have an alumni networking Web site? Yes
  • University alumni networking site: http://www.alumni.cornell.edu
  • Does the B-School have an alumni networking Web site? Yes
  • Business school alumni networking site: http://jconnect.johnson.cornell.edu/alumni.aspx
  • Does the B-SCHOOL offer career services for alumni? Yes
  • Do current MBA students have access to an alumni database? Yes

CAREER SERVICES

• • Graduates seeking full-time professional MBA employment: 90 %
  • Graduates not seeking employment: 7 %
  • Graduates for whom you have no information regarding employment: 3 %

• Annual job-searching trips that the school coordinates or participates in:

  • Destination: Asia Trek (Hong Kong & Shanghai)
  • Month: December
  • Amount Paid By School: Partial
  • Destination: MBA interview forum, Boston MA
  • Month: February
  • Amount Paid By School: Partial
  • Destination: London
  • Month: November
  • Amount Paid By School: Partial
  • Destination: A Day in the Bay (interview forum), San Francisco
  • Month: April
  • Amount Paid By School: Partial
  • Destination: Week in Silicon Valley
  • Month: January
  • Amount Paid By School: Partial

• Primary source of job offer:

  • School-facilitated activities: 75 %
  • Graduate-facilitated activities: 21 %
  • No information provided by graduate: 4 %

• Job Offers for 2011 graduates

  • Received first job offer by graduation: 79 %
  • Received first job offer in three months following graduation: 10 %
  • Received first job offer more than 3 months after graduation: 1 %
  • Did not report having received a job offer: 10 %
  • Accepted first job offer by graduation: 74 %
  • Accepted first job offer in three months following graduation: 11 %
  • Accepted first job offer more than 3 months after graduation: 1 %
  • Did not report having accepted a job offer: 14 %

• Top recruiting organizations most recent academic year:

  • Bain & Company Inc. 8
  • Citi 7
  • McKinsey & Company 7
  • American Express Company 6
  • Deloitte Consulting 6
  • Ernst & Young 6
  • IBM Corporation 6
  • Accenture 5
  • Barclays Capital Inc. 5
  • Procter & Gamble 5
  • BNP Paribas 4
  • General Electric Company 4
  • J.P. Morgan 4
  • PricewaterhouseCoopers LLP 4
  • Amazon.com 3
• • Job-accepting graduates who received a signing bonus: 77 %

• Base salary, signing bonuses and other compensation for most recent employed graduates:

  • Mean base salary: $103,600.00
  • Median base salary: $100,000.00
  • Mean signing bonus: $23,100.00
  • Median signing bonus: $20,000.00

• Graduating students who accepted jobs in the following functional areas:

  • Consulting: 27 %
  • Finance/Accounting: 40 %
  • General Management: 17 %
  • Marketing/Sales: 14 %
  • Management Information Systems: 1 %
  • Operations/Logistics: 1 %

• Graduating students who accepted jobs in the following industries:

  • Government: 1 %
  • Consulting: 25 %
  • Consumer Products: 9 %
  • Financial Services: 32 %
  • Manufacturing: 10 %
  • Media/Entertainment: 1 %
  • Non-Profit: 1 %
  • Petroleum/Energy: 1 %
  • Pharmaceutical/Biotechnology/Health Care: 4 %
  • Real Estate: 1 %
  • Technology: 10 %
  • Other: 5 %

• Graduates who accepted full-time jobs in the following regions:

  • Africa: 0 %
  • Asia: 12 %
  • Europe: 2 %
  • North America: 85 %
  • Oceania: 0 %
  • Latin America and the Caribbean: 1 %

• Within the U.S., graduates who accepted full-time jobs in the following regions:

  • Northeast: 57 %
  • Mid-Atlantic: 9 %
  • South: 3 %
  • Southwest: 8 %
  • Midwest: 10 %
  • West: 13 %
  • Possessions and territories: 0 %

• Top recruiting organizations for internships, most recent academic year:

  • Citi 21
  • J.P. Morgan 11
  • Accenture 6
  • Bank of America Merrill Lynch 6
  • Hewlett Packard Company 6
  • Johnson & Johnson 6
  • Deloitte Consulting LLP 5
  • Deutsche Bank 5
  • Goldman Sachs Group, Inc. 5
  • Procter & Gamble Company 5
  • UBS Investment Bank 5
  • American Express 4
  • Bain & Company Inc. 4
  • BNP Paribas 4
  • Cisco Systems, Inc. 4
• • Internships awarded that are paid: 90 %

• Weekly internship compensation:

  • Mean: $1,597.00
  • Median: $1,615.00

• • -I based my choice of business school largely on class size because I wanted a more intimate learning environment. Cornell stood out far ahead of the other schools I applied to in one single aspect: student and alumni responsiveness. I emailed current students and alumni of all the schools I applied to. The average rate of response was around 30 percent except for Cornell. Every single student and alumni I reached out to as a prospective student returned my email and spent time with me either in person or on the phone. Many of them introduced me to others that had a similar background to me and some even followed up to inquire on my application status. As a student at Cornell, I used our alumni network extensively when looking for a summer internship. I reached out to over 40 alums and every single one of them was responsive and willing to help in any way they could in a genuine manner.
    
    -The Johnson School pays a great amount of attention to its students. I would recommend the program to anyone who wants a top education, a great community with tight knit classmates, access to a world class university, loyal alumni, and opportunities for applying what you learn to real situations (consulting projects in the immersion programs and classes, venture capital experience through Big Red Ventures, hedge fund/asset management experience through the Cayuga Fund, etc.).
    
    -During my time at the Johnson School, I've noticed a disparity in resources that the school has compared to some of the other highly ranked MBA programs.
    
    -The Career Management center developed special programs to help students find jobs; like the JS-Coach program where an alumni will serve as a job coach for the current student.
    
    -Two of the main features I was looking for in an MBA program were career services and academics. Johnson's Career Management Center, with its various innovative steps (such as 'reciprocatory ring', 'day in Bay', temporary projects with big companies, etc.) helped students to navigate a difficult job market, while the immersion program is world class.
    
    -Cornell's immersion program during the first year of business school thrusts our students far ahead of individuals from peer schools when it comes time to perform during internships. This advantage gains further momentum when internship recommendations are written for full-time opportunities so we are positioned exceptionally well to enter any industry.
    
    -As a married student, I think Cornell has done an outstanding job at being family friendly and including spouses when possible.
    
    -Cornell is not at all good for banking or private equity. I did not really know that. I think it is also not good for international [students]. I think Cornell is a great undergrad school but an average MBA school.
    
    -In addition to learning through class lectures, I enjoyed the interactive class discussions. The professors encouraged the students to ask questions and keep the discussions lively. I learned from the diverse backgrounds of my classmates through their variety of professional experience and geographical backgrounds.
    
    -Cornell's biggest issue is its location, and it is very surprising to me that the school doesn't do more with its career services office to overcome that issue. There is--from my perspective, anyway--a complete lack of marketing to alumni and prospective recruiters in non-[Investment Banking] finance roles. For a school with its own hedge fund and an immersion program dedicated to "capital markets and asset management," I would expect more of an emphasis on placement within research positions on both the buy-side and the sell-side.
    
    -I felt that Cornell offers a great structure of being able to specialize in your career field beginning in the second semester of your first year, something that not many other schools offer. In addition, Cornell is one of the best places for people who want to get into asset management, as I was able to run money and develop a track record in our student-run hedge fund, the Cayuga Fund. This is useful for my resume and talking points during interviews.
    
    -I have had a challenging and fantastic two years at the Johnson School. I would say my experience was atypical from my classmates, as I was married during the core and then subsequently had a child at the start of my second year. I placed a great deal of focus on my family and the Johnson School was adaptive to my needs.
    
    -Cornell is a smaller school where you know all of your classmates. While of course anywhere there will be conflicts, once you find your niche at people who share the same interests it becomes an extremely collaborative and great environment to be in. The program was extremely valuable to me because I am coming from a technical and sports background with no prior business experience.
    
    -Of course there are improvements to be made, but the most important thing is that the administration and faculty are open to hearing and improving on suggestions.
    
    -Now I have long lasting friendships in North America, Europe, South Africa, India, Japan, Korea and South America. Very useful were the school treks organized to South Korea, India and Japan. I had never expected such a strong and active alumni network in Europe combined with such a strong and active alumni network in Emerging Countries