Cornell University’s SC Johnson College of Business has released a class profile for the newest cohort of Cornell Tech MBAs, as well as application deadlines for the one-year program that is based on both of the school’s campuses in New York.
The new class of Tech MBAs that will graduate in May 2023 is 31% women, down slightly from the year before, and 22% U.S. minorities. It is also 60% international, with students from 12 different countries. Most of the 81 total students have some kind of engineering background, and the biggest group — 28% — comes from the business technology industry.
Applicants to join the next cohort at Cornell Tech, meanwhile, now have some hard deadlines to spur them to action. The first-round deadline is October 22, and the second round is January 5, 2023. After that, applications will be received and reviewed on a space-available basis with a final submission deadline of March 7, 2023. (Find the MBA application deadlines at all the top business schools here.)
‘UNIQUE’ DOESN’T CAPTURE THE CORNELL TECH MBA
Cornell Tech’s unique MBA approach, the creativity of its curriculum, and the devotion of faculty and staff earned the degree Poets&Quants’ inaugural Program of Year award in 2017. It is a full-time, residential, 1-year STEM-designated MBA that takes place over Cornell University’s two campuses: MBAs start with a 14-week immersion in the Ithaca campus in upstate New York, where they cover the basic courses. The remaining two semesters of the program are held on Roosevelt Island in New York City, “taking you closer to the real world action,” as the school describes it.
The May-to-May tech-focused MBA program on one of the newest and coolest university campuses in the U.S. and New York City is unlike any other MBA program, in part because of the diversity of backgrounds in each cohort. Tech MBAs study and work with classmates in computer science, engineering, design, law, and info systems. But the most innovative centerpiece is the Tech MBA’s so-called studio curriculum, taking experiential learning, project work, consulting assignments and formal presentations to a new and novel extreme. Up to one third of the MBA experience is all about studio work — from product studio in the fall semester, in which students in small teams tackle new products, services, and strategies for an organization, to startup studio in the spring, where students launch an actual startup.
In all, each interdisciplinary group of Tech MBAs takes product ideas from conception through development and to the launch stage while integrating business and technology principles, with options to complete intensives in fintech or digital marketing during spring semester.
DATA: THE LAST CLASS & THE NEW
The Tech MBA Class of 2022 that graduated in May was smaller, comprised of 78 students from 11 different countries, and more female, with 33% women. Average age was the same, at 29, as was average work experience, 5.5 years, and range of work experience, 3-7 years.
The Tech MBA Class of 2022 reported an average Graduate Management Admission Test score of 696 (80 percentile range: 660-720) and average GRE score of 159 (Verbal) and 162 (Quantitative). It also had an average undergraduate GPA of 3.5 (on a 4.0 scale). This year’s class has nearly identical test scores: 696 GMAT, 80% range of 680-720, GRE Verbal 158 and GRE Quant of 164. Average GPA is the same at 3.5.
The top undergraduate major for the new class is Computer Engineering and/or Computer Science, which comprises 23% of the class, followed by Electronic & Communication Engineering/Engineering at 20%, Business at 19%, Data Science/Math at 10%, and Information Technology at 6%. More than a quarter of the class (26%), however, lists “Other” as their major.
JOB PLACEMENT RATE: 97%
Prior industries include business technology (28%), consulting (16%), finance (15%), software engineering/research (14%), healthcare (5%), government (4%), and “other” (19%).
The program boasted a 97% placement rate within six months of graduation in 2021, including 89% who accepted jobs in mature or startup tech companies and 17% who started their own businesses. All — 100% — of graduates received job offers within three months of graduation.
Last year’s Cornell Tech MBA class paid $114,632 in tuition and around $38,027 per year for food and other expenses, not including the cost of the first 14 weeks at Ithaca. This year tuition has climbed 3.6% to $118,758, while the living expenses estimate is unchanged.