Cornell Johnson-MBA-Admission-Electives-Management Practicum-Immersion Options-Eligibility Criteria-Fee

Dates to Remember

• Early Action: September 5, 2019 (Priority Review)
• October Round: October 8, 2019
• November Round: November 5, 2019
• January Round: January 8, 2020
• Rolling: May 5, 2020

(After January 8, applications will be received and reviewed on a space-available basis with a final submission deadline of March 5, 2020).

The Program

The school says the one year MBA offers a combination of a flexible curriculum, student leadership opportunities, course options in NYC and Ithaca besides a tight-knit community to give you all the benefits needed to fast-track your career trajectory.

The residential MBA program in Ithaca also includes the option to take courses at Cornell Tech in New York City. As a participant, you will not only learn foundational business principles but also skills related to the industry that makes the most sense for your career advancement as you choose the electives.

During the Summer semester, you will be completing the core subjects in integrated teams with students in the Johnson Cornell Tech MBA program. Together you will take classes in financial accounting, critical thinking, strategy, data analytics and more. It is a 10-week crash course on business foundations with leadership training and a case competition.

In the Fall semester, you will join students in the Two-Year MBA program as they begin their second year of study. You will also be able to take electives across the Cornell SC Johnson College of Business and check out some weekend courses at Cornell Tech.

Electives

The electives include accounting, consulting, economics, entrepreneurship, finance, international business, management and organizations, marketing, operations management, and technology. In addition, you will have access to specialized knowledge pertaining to sustainable global enterprise.

Apart from these, you will also have access to more than 4000 courses across the Cornell campus at the School of Industrial and Labor Relations, College of Engineering, Law School, School of Hotel Administration, and Program in Real Estate.

Management Practicum

In the fall semester, you will be eligible to participate in a Management Practicum. You will be working with faculty members and advisers on real-life consulting projects for companies. The projects typically focus on areas of specific interest to One-Year MBA students, including biotech, technology, finance, and pharmaceutical.

The students will be involved in conducting client interviews, data analysis and prepare presentations highlighting their problem analyses and recommended solutions.

You will also be participating in a curriculum of focused career planning. Highlights include individual career assessment, interaction with alumni from a wide variety of industries, opportunities to practice and receive feedback on self-marketing pitches, networking conversations and interviewing.

Immersion Options

One-Year MBAs are eligible to participate in some of the Two-Year MBA immersion curricula depending on their career goals. Immersion courses are led by business practitioners and Johnson’s research faculty. Immersions focus in-depth on a particular career path and industry. You will also round out your electives during your last semester or choose to spend seven weeks at Cornell Tech for intensives in Fintech or digital marketing.

Eligibility Criteria

You must have outstanding academic credentials and a commitment to academic excellence. The resume should outline notable professional accomplishments. The application essays should communicate your fit and potential contributions as a community member. You should have competitive standardized test scores (GMAT or GRE). Apart from projecting the desire to make a positive impact, you should be able to clearly communicate your career goals and the role Johnson will play in the process.

Full-time work experience is not required to apply, but on average, students have completed two to five years of full-time work prior to enrolling. A small number of outstanding applicants with less than one year of full-time experience are accepted.

You must hold a bachelor’s degree. Transcripts should be provided for all completed coursework along with proof of graduation from a bachelor’s degree program. One-Year Ithaca MBA students must also hold a professional certification or advanced degree.

Eligible certifications and advanced degrees include, but are not limited to: chartered financial analyst, certified public accountant (CPA), Institute of Chartered Financial Accountants (UK and India), Society of Actuaries, project management (PMP), JD, MD, MEng, MHA, MPA, MEd, MA, MS, or PhD.

Program Fee & Other Expenses

The total fees, including tuition, housing and food, books, health insurance, personal/miscellaneous expenses come to about $141,170.

Source 1

The Tech MBA, also a 1-year program, aims to provide people with a technical education/work background to develop the leadership, management and teamwork skills needed for dynamic tech companies and product teams. The program has the same foundational curriculum as the school’s other MBA programs.

The School looks for those who combine a passion for technology and entrepreneurial spirit. A strong digital experience with a background in science and engineering is preferred for Tech MBA cohort.

Digital background includes activities such as digital marketing, design, software development, prototyping and other related activities.

The summer months give MBAs from both programs a great opportunity to learn from each other and build their networks. Ithaca students can connect with their Cornell Tech MBA counterparts again if they choose to complete an NYC intensive course at Tech in the fall or spring.

The students from both programs are expected to make most of this opportunity in the combined Summer semester to get to know one another, work in core teams and tackle the various classroom and leadership challenges. When the fall semester begins, Cornell Tech students will head to New York City to complete their studies.

The summer months give MBAs from both programs a great opportunity to learn from each other and build their networks. Ithaca students can connect with their Cornell Tech MBA counterparts again if they choose to complete an NYC intensive course at Tech in the fall or spring.

During the pre-term activities, the students worked closely with Mark W. Nelson, the Anne and Elmer Lindseth Dean and Professor of Accounting, other program faculty and administrators. The pre-term learning includes career planning and paths, the City of Ithaca and resources within and around Cornell University.

The core teams then went into the Leading Teams Practicum with Laura Georgiana, executive director of leadership programs and Alan Filipowicz, clinical professor of management and organizations.

Class Profile

International students, representing 15 countries, comprise 59% of the Class of 2019. It has 46% of women and 18% underrepresented minorities. The average GMAT score of the cohort is 690.

In education background, the majority had Business (32%), followed by Engineering (22%), Social Science (16%), Sciences and Other (13% each) and Humanities (4%).

In work background, 14% are from Technology. Finance and Healthcare (13% each) are followed by Manufacturing at 8%, Non-profit 1% and Others, including real estate, energy and transportation at 27%.

Arjun Devgan, pursuing the One-Year MBA program at Cornell SC Johnson Graduate School of Management (class of 2018) writing in the School blog says the One-Year and Two-Year MBA students a golden opportunity to be well-positioned to take advantage of this paradigm shift. The MBA students studying in Ithaca will be able to spend a full or half semester at Cornell’s brand-new Tech campus located in New York City.

To equip students to solve business problems in this age of digital transformation, Johnson offers two intensives at Cornell Tech: the digital marketing intensive and the fintech intensive.

“While making career decisions, I believe that it’s imperative to have a five- to seven-year plan. With my background in payments and remittances, the fintech intensive program offered me a launch pad to dive deep into the world of financial technology,” says Arjun.

The location of the Cornell Tech campus in New York City gives easy access to the financial services industry and a booming tech scene. There is a sizable presence of the Cornell community which helps create a connection with a prospective employer.

“Classes such as the Fintech Practicum, Business Models, Cryptocurrencies, and a Field Project with one of Citi Ventures’ portfolio companies offer a great combination of basic theoretical concepts and real-world experiential learning. This rigorous coursework is a gamut of crash courses in cryptography, pricing strategies that maximize customer lifetime value, and frameworks to evaluate fintech activity,” he adds.

Arjun says collaborating with students in the Johnson Cornell Tech MBA program and other Masters’ of Science students gave him a first-hand experience of the challenges entrepreneurs go through when launching a new business. “We worked together to build a business model and go-to-market plan around their startup idea as part of Cornell Tech’s Startup Studio curriculum,” he adds.

While applying for the fintech intensive, he did not realise that there would be a lot of students with a significant background in payments or banking. The Fintech Practicum speaker series became even more enriching as it was a dialogue between the students and the speaker rather than just a monologue, he says.

“Even though this is the year of inception for the intensives, I can vouch for the breadth and depth of the learning that we went through. It’s said that “change is the only constant.” The program might evolve over time, but I wouldn’t be surprised if the changes are minimal because even in its present state, the content is high quality and the program is well structured,” he adds.

Cornell Tech also has a state-of-the-art, on-campus housing. It’s literally called The House at Cornell Tech, and the solar-panel clad building is one of the most energy-efficient buildings in the world, with reduced CO2 emissions equivalent to planting 5,300 new trees each year, Arjun says.

The location of the Cornell Tech campus in New York City gives easy access to the financial services industry and a booming tech scene. There is a sizable presence of the Cornell community which helps create a connection with a prospective employer.

Moreover, NYC also hosts a lot of fintech meetups. The blockchain and crypto-market are in their infancy and attending fintech meetup groups, with expert panellists from innovative startups and senior professionals from the financial services industry, is a great way to keep up with new use cases and solutions, he says.

“One concern I had while moving to New York City was my opportunity cost of not being in Ithaca. There were some interesting courses offered at our home campus, such as Building a Consumer Internet Business, Designing Data Products, Professor Robert Frank’s Rivalry and Cooperation, and more. But the timetable is structured well, and I was able to take all the courses I was interested in by travelling to Ithaca on the weekends,” he adds.

Arjun and several other students who spent the semester at the Tech Campus were given financial assistance for additional living expenses incurred in New York City through the Johnson Annual Fund and a generous gift from Professor Richard Schneider ’70.

Arjun had worked for six years with the Tata Group, in their ATM managed services and global B2B telecom businesses across business analytics (payments), corporate strategy (telecom), and product management (fintech) functions.

The highlights of his MBA experience include working with cross-functional and cross-geographical teams on real-world projects such as the IoT go-to-market project with Intel and a city ranking index project with Citi Ventures. He was also part of BR Ventures, a VC fund that invests in tech startups. At Cornell Tech, he took new-age courses such as cryptocurrencies, big data, and design thinking.

You also need not sacrifice the career momentum as unlike the longer 2-year program, the need to stay away from a job is considerably reduced as well as the expenses. It also means that you could hope for a return on investment (RoI) earlier.

The Class of 2017 comprises 72 students, 22% of them female. In comparison, the 2-year program’s Class of 2018 number 279, 31% female.

The cohort has an average full-time work experience of 5 years. Under-represented minorities (Black/African American, Native American and Hispanic American) constitute 3% while it is 15% for their 2-year batchmates.

In the latest employment report, out of 64 graduates, 57 had sought placement. By three months after graduation, 77% had received full-time offers.

Students of international origin make up 53% of the class, compared to 33% in the 2-year class. The average GMAT score is 698 (700 for the 2-year program) and average GPA at 3.58 (3.39 for the 2-year program) The average age is 29 compared to 28 in the 2-year program. Full-time average work experience for both cohorts is 5 years.

The School says only professionals with advanced degrees, certifications, or having an interest in dual-degree programs at Cornell are eligible to apply. The program is designed for professionals with a solid knowledge in all functional areas of business.

The program, that begins in May every year, also provides an internship-equivalent consulting project with a prestigious company and leadership and professional development training. The participants can also take optional concentrations for enhanced marketability in a competitive job market. They also get an opportunity to take electives across Cornell University.

In addition to establishing strong bonds with other One-Year MBA students, you’ll form enduring friendships with classmates from the Two-Year MBA program who will be in the same core courses and electives.

Among the advantages cited for the program is that at several points, the classes are combined with those of the 2-year program. This leads to teamwork and collaboration on a variety of projects.

The 1-year students also have the option to participate in any one of the immersions ranging from Corporate Finance, Digital Technology, Investment Research and Asset Management, Semester in Strategic Operations, Strategic Marketing or Sustainable Global Enterprise.

As far as career placement is concerned, One-Year MBA students tend to earn a slightly higher average starting salaries and bonuses when compared to their 2-year compatriots due to their additional expertise and education.

In the latest employment report, out of 64 graduates, 57 had sought placement. By three months after graduation, 77% had received full-time offers.

They also managed to net a Mean base salary of $113,529 and Mean signing bonus of $27,819.

The recruiters included A.T. Kearney, Accenture PLC, Amazon.com, Inc., American Express, Apple Inc, Bain & Company, Bank of America, Barclays PLC, Cisco Systems, Inc., Citigroup Inc. Credit Suisse Group, Deloitte Consulting LLP, Deutsche Bank AG, Eli Lilly and Co, Exxon, EY (Ernst & Young), Ford Motor Company, General Electric, Goldman Sachs Group, Inc., Google, Guggenheim Partners, LLC, Hewlett-Packard, IBM, Intel, Johnson & Johnson, JPMorgan Chase & Co., L.E.K. Consulting LLC, Latham & Watkins LLP, Macquarie Group Limited, Mastercard, McKinsey & Company, MetLife, Microsoft Corporation, Pfizer Inc., Procter & Gamble Company, PwC, Reckitt Benckiser Group PLC, Samsung Electronics Co., Ltd, Tata Consulting Services Limited (TCS), The Boston Consulting Group, TripAdvisor LLC, UBS AG, UBS Securities LLC, Unilever NV, Verizon Communications, Inc., Wells Fargo & Company and Whirlpool Corporation.