One Year MBA at Cornell, USA

• Name of the B-School: Samuel Curtis Johnson Graduate School of Management
• Name of University: Cornell University
• Name of the Course: MBA Full Time

Course overview

• Start Date: May 2020
• Duration: 12 months
• Qualification: MBA
• Study Type: Full Time
• Campus: Cornell University Johnson School of Management, 111 Sage Hall
  Ithaca, NY 14853

Accreditation

Cornell University Johnson School of Management holds the accreditation of: 

• AACSB International (the Association to Advance Collegiate Schools of Business),

Rankings

#10 for 2018 by Bloomberg BusinessWeek in National ranking.

Who is One Year MBA program for?

As per Cornell, the Accelerated One-Year MBA at Cornell University is designed for established professionals who are preparing for leadership roles or who want to minimize time away from work and accelerate their careers.

Why One year MBA at Johnson?

As per B-School, its incredible speed to market. In 12 months, you’ll be on your way to career advancement with an Ivy League MBA—and you’ll enjoy the benefits of a residential MBA program in Ithaca.

Johnson’s full-time One-Year MBA program in Ithaca offers a sequenced, yet flexible, curriculum, which includes the option to take courses at Cornell Tech in New York City. You’ll 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 electives.

Class Profile 2020

• Enrolled: 66
• Average age: 30
• Women students: 22%
• Underrepresented minorities: 7%
  (Black/African American, Native American, and Hispanic American)
• U.S. minorities: 29%
  (Asian American, Black/African American, Native American, and Hispanic American)
• Countries represented: 13
• International students: 57%
• Average GMAT: 700
• GMAT range (middle 80%): 610–730
• Average undergraduate GPA: 3.42
• Average years of work experience: 5.7
• Average years of work experience (middle 80%): 2–9

In addition to Johnson elective courses, you’ll also have access to more than 4000 courses across the Cornell campus.

Eligibility Criteria

As per B-School, to be sure you are academically ready for this rigorous program, One-Year MBA applicants must hold a professional certification or advanced degree. You must have completed your advanced degree or certification by May 2020.

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.

You can check the eligibility by visiting https://www.johnson.cornell.edu/programs/full-time-mba/one-year-mba/check-eligibility/.

Dates and deadlines

For May 2020 Batch,

• Early Action: 9/5/2019 (Priority Review)
• October Round: 10/8/2019
• November Round: 11/5/2019
• January Round: 1/8/2020*
• Rolling: 3/5/2020(final deadline)

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

Admission Process

MBA Admission Events

As per Cornell, the best way you can learn more about our MBA programs is to attend an admissions event. You may plan a visit to campus, attend an online information session, or connect with current students. The admissions team also travels around the world to meet prospective students at various MBA admissions recruitment events.

Virtual info sessions and connecting with students

According to the B-school, you can register for an Ask Admissions online chat or attend a webinar hosted by our partner organizations. Most virtual events cover all three of the full-time programs. If you’re interested in connecting with students from our Ithaca-based programs, you can find them using our Community Search Tool.

On-campus events and opportunities

Prospective students can visit the Ithaca campus to learn more about the Two-Year and One-Year MBA programs. 

Visiting Cornell University in Ithaca

According to the B-School, plan ahead to visit Johnson and the Cornell University campus in Ithaca. During your time on campus, you can:

• Attend an information session
• Visit a class
• Connect at a Sage Social
• Meet with students at Coffee & Convos
• Take a walking tour of Cornell

Premier on-campus hosting events

As per Cornell, If you’re interested in Johnson’s Two-Year MBA or One-Year MBA program in Ithaca, you may be able to attend one of our signature student-hosting events on campus. During these events, Ithaca-based students host women, diverse, LGBTQ, and veteran candidates. You’ll learn about our programs and community resources as you network with students and alumni.

Preparing your MBA application

After you’ve explored Johnson’s programs and learned more about us online or at an MBA admissions event, you should have a good idea of which program is best for you. Applications must be completed and submitted by 11:59 p.m. Eastern on the indicated round deadline.

MBA Application Checklist

Refer to this list to be sure your application to the Two-Year MBA program or One-Year MBA program includes the following:

• Completed online application form
• Resume
• List of activities
• Goals Statement and two required essays (a third essay is optional)
• Academic records and transcripts for all post-secondary coursework and degrees*
• GMAT or GRE score report*
• TOEFL or IELTS score report (for applicants whose first language is not English)*
• One letter of professional recommendation (a second letter is optional)
• Non-refundable $200 USD application fee

*You may submit unofficial copies of your transcripts and test scores for your application; however, if you are admitted and enroll, you will be required to submit official copies of these documents by the required deadline. Offers of admission are not binding until we verify your official academic records and test scores.

The B-School encourage candidates to apply during the Early Action round if you are committed to earning your MBA with the One-Year program at Johnson. This is a particularly attractive option for prospective students who are reapplicants, international students who need F1 visa sponsorship, and for those who are seeking an early decision on their application. If you submit a complete application by the Early Action deadline, it is guaranteed priority review and an invitation to interview. Offers of admission rendered via the Early Action round are non-binding; however, all incoming MBA students are required to pay a $3,000 tuition deposit by the stated deadline.

After submitting your MBA application

As per Cornell, they know waiting for the next step in the admissions process or an admissions decision can be challenging. We’ve outlined important dates and deadlines here, per application round. In general, here’s what you can expect after you hit submit.

1. Initial notification

You will receive one of three initial notifications following a preliminary review of your application materials:

1. An invitation to interview,
2. An invitation to join our waitlist without an interview, or
3. A denial of admission

2. MBA admissions interviews

Interviews will be conducted for candidates invited to continue in the admissions process.

3. Final notification

Following the admissions interview, you will receive one of three decision outcomes:

1. An offer of admission,
2. An invitation to join our waitlist, or
3. A denial of admission.

Interview requirement

Your admissions interview allows the Admissions Committee to get to know you, and you’ll have the opportunity to assess whether program and community are a good fit. Interviews are available by invitation only. Invitations will be sent via email following a preliminary review of your application materials. Candidates must complete an admissions interview in order to be offered admission to either the Two-Year or One-Year MBA program in Ithaca.

Interview format

Interviews may be conducted in person in Ithaca, New York, or via Skype. On occasion, we may also conduct in-person interviews in your local city. While the B-School encourages you to visit them in Ithaca, they understand that making a trip is not always possible, especially for international applicants. Please know that the Admissions Committee does not have a preference in terms of interview format and that interviewing via Skype will not have a negative impact on your presentation as a candidate.

Interview scheduling and completion

The B-School encourage you to schedule your admissions interview within seven days of receiving your interview invitation. Interviews must be scheduled and completed by the interview completion deadline that corresponds to the round in which you have applied. Please note: Admissions interviews are scheduled by invitation only. If invited to interview, you will be notified via email following a preliminary review of your application materials.

Interviewers

Admissions interviews are conducted by admissions and MBA programs professional staff and/or trained second-year MBA students known as members of our Johnson Admissions Group (JAG). All interviews are evaluated equally, regardless of the interviewer.

While the B-School does not offer alumni-conducted interviews, they do offer a limited number of in-person interviews to be conducted off campus. If you are to be invited to complete an off-campus interview, we will notify you by email of our plans to travel to your city.

Group MBA interview days

Admissions interviews may be conducted at several admissions events throughout the admissions cycle, including our Johnson Leadership Exploration and Assessment Day (LEAD), Consortium Super Day, Johnson Women in Business (JWiB), Johnson Means Business (JMB), and Johnson Military Preview (JMP) events. Interviews to be completed during these events are scheduled by invitation only.

Final notification of MBA admission decision

Following your interview, final decisions, including invitations to join the waitlist, will be released on a rolling basis and posted no later than the date noted for the round in which you submitted your application. Your decision will be posted to your Johnson Application page and you will receive an email message indicating that your decision is available.

Notification of financial award for accepted MBA

Scholarships are awarded based on merit, regardless of citizenship, and recipients are selected once an offer of admission is made. If you are awarded a scholarship, this information will be included in your official offer letter at the time of your admission decision. All admitted students are considered for merit-based funding/scholarships—no additional application is needed.

Feedback for rejected applications

Due to the large volume of applications the B-School receives, they are unable to provide feedback to candidates who are not admitted.

Enrollment steps for admitted MBA candidates

If you are offered admission to one of Johnson’s full-time residential programs, you must meet deposit and documentation deadlines (corresponding to the round in which you applied) to reserve your place in the entering class.

Enrollment deposits and official documentation

Candidates who accept an offer of admission must submit an enrollment agreement, as well as a non-refundable initial enrollment deposit, by 12:00 PM ET on the date that corresponds with the round in which you submitted your application. Enrollment deposits are non-refundable. If you feel that a refund is due, or you made a payment in error, please contact the Admissions Office to discuss the correction.

If you applied with unofficial documentation, please refer to our application requirements for official transcript and standardized test submission procedures. You must submit official copies of your materials with your enrollment agreement and deposit. As a policy, the B-School does not offer deposit extensions.

• The enrollment deposit for One-Year MBAs is $3,000.
• The initial enrollment deposit for Two-Year MBAs is $1,500. A second and final deposit of $1,500 should be made by June 1 before matriculation.

Revera Background Check

As per B-School, a final step in the enrollment process, all matriculating students are asked to complete a background check to confirm that the information provided in their application is accurate and reflective of their own experience and accomplishments. To assist with this process, the B-School has chosen Re Vera Services, a company specializing in academic verification, to be the third-party provider of these services for our MBA programs. As ethics are a critical component of the B-School programs and in the business world, the completion of the background check helps to ensure that Johnson’s learning environment and community maintains its integrity.

Please note that your admission may be rescinded should you elect not to initiate and complete this required review or if the background check should produce an ethical violation.

How to complete your Re Vera background check

1. Please complete and submit the Re Vera Release and Payment Form along with the $100 USD processing fee using the Re Vera Services Client Verification Portal: www.reveraservices.com/johnsonpayment.html
2. Within 72 hours of submission, Re Vera Services will provide you with written confirmation of payment as well as your release. If you do not receive this confirmation, please contact Re Vera Services directly at 1-888-408-4384 or [email protected] and provide them with your contact information (name, email address, and telephone number).
3. Once received, please submit a copy of your Re Vera Services payment and release confirmation with your Cornell MBA enrollment agreement and tuition deposit by your corresponding Deposit and Official Documentation Deadline to [email protected].

On average, the Re Vera review process will take approximately two weeks, but can take up to 30 days, from the point you receive confirmation of payment and release, which must be submitted by your Deposit, Official Documentation, & Re Vera Initiation Deadline. The B-School encourages you to initiate this process as soon as possible so that you do not run into any delays that could negatively affect your program start.

Fees & other expenses

Total cost: $141,170

Additional Expenses

Discretionary lifestyle choices cannot be subsidized by federal OR private education loans. Additional expenses, listed below, can be used to increase the financial aid budget on a case-by-case basis after discussion with the Financial Aid Office.

• Computer (one-time only)
• International Course Trips for credit
• Dependent Child Care

Please note that per federal regulations, eligibility for Federal student aid is based on a single student budget.

Financial Aids for MBA

As per B-School, to prepare for the investment of business school, it is important to make sure that you are financially ready to take on the costs associated with attendance.

Learning to manage your money is a critical life skill, but challenging. Pursuing an advanced degree is a great time to master the art of budgeting and prepare for the years to come by saving and investing in your future. By being proactive and making good decisions now, you can ensure manageable loan debt upon graduation. Check out Personal Finance at Cornell to learn about finances at Cornell and beyond!

There are ways to limit the amount of education debt you accumulate as a student. The easiest way to reduce your overall debt is to reduce your discretionary expenses. Living frugal now will benefit you after graduation. It is much easier to live like a student when you are a student than to live like a student after you have earned an MBA.

Your educational costs may be different from the budget B-School uses for financial aid purposes. Many Johnson students meet their educational costs by borrowing through various student loan programs. Student loan debt represents a serious financial commitment with long-range repercussions. Please remember that you cannot use education loans (even private education loans) to cover costs above our published budget. You may have to plan carefully to ensure that you can meet all your MBA tuition expenses during the year. Prudent borrowing strategies can help you have more disposable income in the future, and allow you the freedom after graduation to achieve your personal financial goals of buying a home, new car, etc.

To make sure that you are ready for business school, it is suggested that you do the following:

Tips for How to Finance an MBA

1. Make adjustments to your lifestyle now.
2. Start to save from each paycheck. Open a new school expense savings account and have money directly deposited from your paycheck.
3. Begin to reduce your discretionary expenses. Dine out fewer times during the week, bring your lunch to work, limit impulse purchases, reduce data plans.
4. Develop a personal budget. You may find it helpful to use software such as MINT, YNAB, ACORNS or other such tools.
5. Begin to search for outside scholarships. Use the internet, local libraries, check with your employer or any civic or fraternal organizations you participate in to see if they offer scholarship assistance.
6. Find one or more roommates to share expenses.
7. Request and review your credit report. Approval for Federal Grad Plus and Private loans are based on a review of your credit history. It is important to have a good credit record. 
8. Some lending institutions will base their interest rates on a borrower’s credit score. You can check your credit score from Fair Isaac. Web: http://www.myfico.com
9. Eliminate any credit card balances you currently carry and only use your credit cards for emergencies.
10. Do not buy or lease a new car. Cornell offers great public transportation.
11. Do not use up all your savings to take a dream vacation before returning to school.
12. Do not hesitate to ask family members for support. you do not want them to foot the bill for your entire education, but on gift giving occasions, they can get you a backpack, gift cards for groceries and bills or perhaps even buy you a new computer as a “going back to school gift.”
13. Avoid impulse purchases and beware of buying for convenience.

Please note that the following expenses cannot be covered by federal or private educational loans:

• Credit card debt
• Security deposits
• Cell phones/internet service
• Sport and Fitness Club fees, and Club dues
• Car payments
• Travel expenses
• Interview expenses
• Personal gifts
• Furniture
• Summer living expenses
• Moving expenses (above the travel allowance)
• Expenses related to your job search
• Fall, Winter and Spring break travel or trips (unless for course credit)
• Lifestyle choices

Course Structure

Core Courses

• Data Analytics and Modeling
• Leading Teams
• Financial Accounting
• Microeconomics for Management
• Critical and Strategic Thinking
• Managerial Finance
• Strategy
• Marketing Management
• Managing Operations
• 1.5 credit of Leadership electives

Management Practicum

In the fall semester, you are eligible to participate in a Management Practicum. During this course, students work with faculty members and advisors – who have extensive management consulting experience – on real consulting projects for companies.

Projects typically focus on areas of specific interest to One-Year MBA students, including biotech, technology, finance, and pharmaceutical.

The practicum project lasts throughout the fall semester where students conduct client interviews, data analysis, and prepare presentations highlighting their problem analyses and recommended solutions.

One-Year MBA students also participate in a curriculum of focused career planning. Highlights include: individual career assessment, interaction with alumni from a wide variety of industries, and opportunities to practice and receive feedback on self-marketing pitches, networking conversations, and interviewing.

Elective Courses

Within Johnson, you’ll have the opportunity to expand your knowledge in many academic disciplines because of the depth of our offerings in accounting, consulting, economics, entrepreneurship, finance, international business, management and organizations, marketing, operations management, and technology. In addition, you’ll have access to specialized knowledge pertaining to sustainable global enterprise.

Placement 2018

Top recruiters

Summary

Article Name

One year MBA at Cornell, USA

Description

As per Cornell, the Accelerated One-Year MBA at Cornell University is designed for established professionals who are preparing for leadership roles or who want to minimize time away from work and accelerate their careers.

Author

Shikhar Mohan

Publisher Name

One Year MBA

Publisher Logo