Post Graduate Report Bachelor of Science Class of 2014 Career Management in the Office of Student Services School of Hotel Administration Cornell University
Page 1 Bachelor of Science Class of 2014 U.S. Base Salaries Mean Median Range** Mean Relocation/Bonus $50,585 $50,012 $20,800 $100,000 $4,636 65% of respondents reported a salary within the range of $40,000 - $60,000 54% of respondents reported receiving a relocation and/or signing bonus U.S. Base Salaries by Industry Segment Industry Segment Mean Median Range** Number of Students Percent Employed* Real Estate/Consulting $58,122 $56,150 $20,800 $100,000 34 18% Asset Management (10), Hospitality Consulting (9), Acquisitions (5), Development (4), Rotational (2), General Management Consulting, Human Resources, Investments, Securitization Hotel/Resort/Club Property $42,916 $42,500 $27,040 $62,000 31 16% Rooms (11), Food/Beverage (10), Front Office (3), Sales & Marketing (3), Event Management (2), Human Resources, Revenue Management Restaurant Property/Corporate $48,211 $48,000 $31,200 $63,000 23 12% Operations (19), Event Management, Hospitality Consulting, Human Resources, Real Estate Banking/Financial Services $66,846 $70,000 $44,000 $85,000 14 7% Investment Banking (5), Finance (3), Real Estate (2), Fixed Income, Research, Sales & Marketing, Technical Operations Hotel/Resort- Corporate $52,917 $53,000 $40,900 $62,000 13 7% Revenue Management (3), Finance (2), Administrative Services, Asset Management, Design & Construction, Development, E-Commerce, Food/Beverage, Sales/Marketing, Yield Management E-Commerce $44,000 $46,000 $40,000 $65,000 8 4% Sales/Marketing (6), Event Management, Revenue Management Event Planning $42,055 $36,430 $35,360 $60,000 5 3% Event Management (4), Catering Managed Services $48,652 $46,860 $42,600 $60,000 5 3% Food/Beverage (3), Marketing, Project Management Technology/Software Development $42,600 $40,000 $38,000 $50,000 5 3% Sales/Marketing (4), Revenue Management Airlines $57,250 $57,000 $55,000 $60,000 4 2% Finance, Operations, Revenue Management, Scheduling Beverage Distribution $45,000 $45,000 $40,000 $50,000 3 2% Sales/Marketing (2), Data Analysis Other Consulting $49,973 $50,000 $49,920 - $50,000 3 2% Food/Beverage (3) Other $47,883 $50,000 $21,800 $60,000 22 12% Industry Segments: Entrepreneurial (4), Consumer Products (3), Healthcare (3), Sports & Entertainment (3), Architecture, Brewery, Casino/Gaming, Cruise Line, Higher Education, Online Job Marketplace, Senior Living, Travel & Tourism, Venture Capital International Base Salaries by Industry Segment Industry Segment Mean Median Range** Number of Students Percent Employed* Real Estate/Consulting $35,320 $36,000 $20,000 $45,000 6 3% Asset Management (2), Hospitality Consulting (2), Feasibility, General Management Consulting, Banking/Financial Services $59,675 $58,500 $46,700 $75,000 4 2% Event Management, Finance, Investment Banking, Strategy Other $29,494 $24,000 $12,000 $72, 800 8 4% Industry Segments: Hotel/Resort- Corporate (2), Hotel/Resort- Property (2), Biotechnology, Brand Management Consulting, Higher Education, Market Research * Percentages reflect the number of students who have accepted a position in the industry segment, whether or not a salary was reported. **Some U.S. and international salaries may include additional compensation such as commission and other bonuses Numbers are based on 256 graduates, 205 respondents, and 188 accepted job offers.
Page 2 U.S. Base Salaries Top Five Job Functions Job Function Mean Median Range Number of Students Percent Employed Real Estate $59,746 $58,000 $50,000 $100,000 39 23% Industry Segments: Real Estate/Consulting (33), Banking/Financial Services (2), Hotel/Resort-Corporate (2), Entrepreneurial, Restaurant Food & Beverage $47,458 $46,830 $40,000 $63,000 38 22% Industry Segments: Restaurant (19), Hotel/Resort-Property (9), Managed Services (3), Food & Beverage Consulting (3), Brewery, Golf/Country Club, Hotel/Resort-Corporate, Sr. Living Sales and Marketing $47,096 $45,000 $35,000 $60,000 21 12% Industry Segments: E-Commerce (6), Hotel/Resort- Property (3), Technology/Software Development (3), Banking/Financial Services, Beverage Distribution, Casino/Gaming, Consumer Products, Hotel/Resort- Corporate, Managed Services, Retail/Fashion, Sports/Entertainment, Wine Auction/Retail Finance/Investment Banking $66,909 $70,000 $53,000 $85,000 12 7% Industry Segments: Banking/Financial Services (9), Hotel/Resort-Corporate (2), Airlines Rooms Division $38,698 $40,000 $33,280 $41,000 11 6% Industry Segments: Hotel/Resort-Property (11) Base Salaries by Geographical Location Number of Students Percent Employed Location Mean Median Range United States New York Metro $54,793 $55,000 $21,008 $100,000 71 38% Mid Atlantic $49,845 $52,000 $33,280 $70,000 26 14% West $48,729 $49,205 $35,360 $70,000 23 12% Southeast $48,425 $48,500 $20,800 $65,000 18 10% Midwest $48,621 $44,000 $31,200 $70,000 17 9% Southwest/West Central $42,590 $41,500 $27,040 $57,500 7 4% New England $51,205 $52,000 $40,000 $62,000 5 2% Upstate NY -- -- -- 3 1% International $40,288 $43,800 $12,000 $65,000 18 10% Countries: Singapore (4), United Arab Emirates (3), Canada (2), Hong Kong (2), Austria, Bulgaria, Ecuador, Mexico, Panama, Taiwan, Travelling at Sea
Page 3 Bachelor of Science Class of 2014 2014 Class Profile Employment Status Number of Students 256 Percentage of Respondents Women 52% Reporting Job Acceptance* 92% Students of Color* 42% Continuing Education 2% International 17% Seeking Employment 5% * Includes Asian American, African American, Taking Time Off 1% Native American, and Hispanic *includes military and entrepreneurial Employment Status Taking Time Off 1% Seeking Employment 5% Continuing Education 2% Reporting Job Acceptance 92%
Page 4 Source of Accepted Offers Cornell 62% Other Sources 38% Sources On-Campus Recruiting 26% Previous Summer Job Contact 12% Previous Summer Job/Externship* 10% Personal Contact 11% Job Postings 17% Job Postings 10% Faculty/Staff 5% Alumni Contact 2% Career Day 4% Entrepreneurial Venture 2% LinkedIn / Social Media 1% *Original Summer Job or Externship obtained through Career Management Career Day 4% Faculty/Staff 5% Cornell Sources 62% On campus Interviews 26% Job Postings 17% Previous Summer Job/Externship 10% Entrepreneurial Venture 2% Alumni Contact 2% Other Sources 38% Job Postings 10% LinkedIn/ Social Media 1% Personal Contact 11% Previous Summer Job Contact 12% Note: All statistics in this report are based on the students who responded to each section of the survey.
Page 5 Bachelor of Science Class of 2014 2014 Hiring Companies 1883 Clothing Co. Co-founder Ace Hotels Executive Assistant to the President Ackman-Ziff Associate Ajou University Lecturer South Korea American Airlines Tower Planning Andaz Manager in Training, Corporate Food & Beverage ARAMARK Leadership in training, Supervisor Food Service Manager- Parks & Destinations Customer Dining Manager Avero Client Operations Associate* Bank of America Merrill Lynch Investment Banking Barclays Capital Mergers & Acquisitions - Hong Kong Barteca Restaurant Group Assistant General Manager Batali & Bastianich Hospitality Group Assistant General Manager Manager* Recruitment Coordinator Special Events Coordinator BGI Real Estate Asset Manager Bloomberg Associate Blue Apron Customer Service Associate Boothbay Harbor Yacht Club Clubhouse Manager The Blackstone Group The Bluestone Group Director of Acquisitions The Brand Company Consultant- Hong Kong The Breakers Assistant Guest Services Manager The Broadmoor Restaurant Supervisor Brookdale Senior Living Associate Director- Food & Beverage Burger King, Real Estate Leadership Development Program Management Trainee- Food & Beverage Management Trainee- Operations Caesars Entertainment Enterprise Campus Job Director of Partnerships Canlis Dining Room Manager The Charmer Sunbelt Group Sales Management Development Program Associate Chartres Lodging Group, LLC Acquisitions Choice Hotels Revenue Specialist Cini-Little International Project Coordinator Corcoran Sunshine Marketing Group Executive Assistant to the President Cornell University Program Assistant Cushman & Wakefield Acquisitions - China Cushman & Wakefield, Asset Management Cvent Sales Associate Denihan Hospitality Group - Revenue Management* Project Specialist- Design & Construction DiamondRock Hospitality Din Tai Fung Manager Disney-ABC Television Group Production Assistant- The View DTZ Business Planning - Hong Kong Duetto Research Customer Success Manager Eastbay Capital Research Eataly Data Empire Merchants Business Epic Systems Corporation Project Manager Ernst & Young - Japan Human Resources Staff Consultant* Eureka Restaurant Group Assistant Manager Expedia, Inc. Market Associate* Fairmont Hotels & Resorts Gold Level Supervisor First Hospitality Group, Inc. Business Development First Protocol Junior Project Manager Fontainebleau Guest Service Agent Four Seasons Manager in Training, Food & Beverage Manager in Training, Rooms* Manager in Training, Sales & Marketing- France Goldman Sachs, Event Management- Hong Kong, Finance*, Real Estate* Corporate Real Estate Strategy Hong Kong Grainful Territory Manager Hart Davis Hart Wine Company Marketing Associate Hersha Hospitality Trust Asset Management Highgate Hotels Design and Construction Coordinator Hillstone Restaurant Group Assistant Culinary Manager Management Trainee- Front of House Hilton Worldwide Finance Management Development Program, Event Services Management Development Program, Food/Beverage Management Development Program, Front Office Horizon Innovations Account Executive Horwath HTL Consultant* - Singapore Host Hotels & Resorts Rotational HVS
Page 6 Bachelor of Science Class of 2014 Hyatt Hotels & Resorts Corporate Management Training Program, Rooms- South Korea Corporate Management Training Program, Food & Beverage JBH Advisory Project Manager JetBlue Airways Treasury John Pederson Fox Architect/Designer Jones Lang LaSalle - China JP Morgan & Co. Private Bank KEC Ventures Investment Kerzner International Corporate Management Trainee- U.A.E Finance Management Trainee U.A.E Kimpton Hotels & Restaurants Area Sales Manager Manager in Training, Sales Lafayette Hotels Leader of Food & Beverage LaSalle Hotel Properties Financial * Lazard Investment Banking Le Parker Meridien Recruiting Coordinator LNR Property Rotational Lowe Enterprises Real Estate Marriott International Manager, Strategic Solutions & Business Dev. Management Trainee, Food & Beverage* Management Trainee, Rooms Division Mercy Medical Center Healthcare Hospitality Fellow Mobile Marketer Content Assistant Morgan Stanley Investment Banking National Basketball Association Coordinator, Sales & Marketing Omnicom Assistant Strategist OTG Management Executive Special Projects Manager The Packer House Special Events Manager Pebblebrook Hotel Trust, Asset Management* PKF Consulting Consultant Playa Hotels and Resorts Financial PlayOn! Sports Partner Development Coordinator PricewaterhouseCoopers, LLP. Advisory Associate Associate Prudential Mortgage Capital Real Estate Investment PSKF Business Development Executive Reynolds American, Inc. Territory Manager Royal Caribbean, Ltd. Revenue Management S&P Capital IQ/McGraw Hill Financial Product Consultant Sabre Hospitality Solutions Sales Manager Sequence Events Production Coordinator Shake Shack Manager* Sherpaa Sales Development Associate Sofitel Assistant Outlets Manager Solid Rock Advisors South Seas Island Resort Supervisor, Front Office Spafinder Wellness 365 Marketing Coordinator Spring11 Starr Hill Brewery Tap Room Manager Starwood Hotels & Resorts Convention Services Coordinator Coordinator, Global Brand Team Management Trainee, Front Office Management Trainee, Revenue Management Statler Hotel Food Truck Assistant Manager Subsidium Healthcare Consulting Sunmax Biotech Assistant Director, Overseas Division- Taiwan Tacombi Manager Taylor Nelson Sofres Market Research - Hong Kong The TOD Group Real Estate TIAA-CREF Fixed Income Junior Tishman Hotel & Realty Development * Tourico Holidays Product Manager UBS Investment Banking United Airlines Revenue Management & Pricing Scheduling Waldorf=Astoria Management Development Program- Food/Beverage Walton Street Capital Revenue Management & Pricing Wedgewood Wedding & Banquet Center Banquet Management Training- Catering & Sales Catering & Sales Manager Wells Fargo Financial, Finance Financial, Real Estate White Lodging Front Desk Manager Wolfgang Puck Catering Event Coordinator Woolbright Development Closings, Acquisitions, & Due Diligence Wyndham Vacation Ownership Yield Zeta Interactive Marketing & Sales Coordinator * More than one person accepted this position with company
Bachelor of Science Class of 2014 P r o d u c e d by Career Management in the Office of Student Services School of Hotel Administration Cornell University 180 Statler Hall Cornell University Ithaca, NY 14853 p. (607) 255 6376 f. (607) 255 9540 www.hotelschool.cornell.edu careermanagement@cornell.edu