Cornell University, an Ivy League institution, is the only university in the United States that partners with CEMS (the Global Alliance in Management Education), and the CEMS MIM (Master in International Management) degree is specifically available to Applied Economics and Management students. So, what is the curriculum like for Cornell's AEM program? What are the career development prospects? And what are the specific application requirements? Let's break it down in detail below~
Introduction to Cornell University
Cornell University, founded in 1865, has its main campus in Ithaca, New York. It is a top-tier private research university in the United States and globally, and one of the Ivy League schools. Everything at the university will push you to realize your academic and life aspirations. The university has 15 colleges, offering over 4,000 courses, more than 100 academic departments, over 80 undergraduate majors, 90+ minors, and 108 graduate fields of study. Cornell's College of Engineering, College of Agriculture and Life Sciences, and the School of Hotel Administration under the business school are all highly renowned. In the 2023 U.S. News Best Universities ranking, Cornell is ranked 17th, and 18th in the 2023 QS World University Rankings.
Master of Professional Studies (MPS) in Applied Economics and Management (AEM)
Master of Professional Studies (MPS) in Applied Economics and Management (AEM)
Cornell AEM Program Introduction
The Applied Economics and Management major is one of Cornell University's most prized and popular programs. It is a program under the Dyson School of Applied Economics and Management, with a focus on agricultural economics. The program is jointly offered by Cornell's College of Agriculture and Life Sciences and the SC Johnson College of Business.
This program awards three degrees:
the research-based doctor of philosophy (PhD)
master of science (MS)
master of professional studies (MPS)
According to U.S. News rankings, Applied Economics and Management is ranked 7th among all majors. It aims to build on undergraduate experience while allowing students to deepen their careers in a specific focus area among the five concentrations: Applied Behavioral Economics and Individual Choice (ABEIC), Technology Management (TECHMGT), Environmental, Energy, and Resource Economics (EERE), International and Development Economics (IDE), and Food and Agricultural Economics (FAE).
AEM students can also opt for the CEMS Master in International Management (MIM), which is unique to Cornell—the only university in the United States to offer this collaborative international program. During the one-year program, students benefit from the academic support of Cornell's SC Johnson College of Business and the academic backing of one of America's most prestigious Ivy League universities.
Advantages of Cornell's AEM Program:
It is a STEM-designated program, and Cornell's business school joined the Global Alliance in Management Education (CEMS), becoming the first U.S. business school to join CEMS. Starting in August 2020, students in the MPS in Applied Economics and Management program can choose to earn an International Management degree from CEMS.
From the admitted student profile, the soft backgrounds of new students are very diverse. In previous cohorts, besides CS and math, there were also students from psychology, e-commerce, business, and statistics backgrounds, indicating that the program is very friendly to those changing majors. It is a purely career-oriented program. The official employment rate is 85% (45% directly employed, 40% further study or other), with main employment industries being consulting (because the Cornell name is very prestigious) and marketing (because behavioral economics has a corresponding concentration).
Target Audience for Cornell AEM
· Students who aim to work at Big Four or consulting firms in the future
· Students who hope to find a desired full-time job within one year of graduation
· Students who wish to use the master's program to learn hard technical skills
· Students who want to graduate quickly in one year and leverage the Ivy League platform for employment and networking
· Students looking for an interdisciplinary study combining economics, data analysis, statistical management, and fields like environment and energy
Career Directions and Development for Cornell AEM Graduates
Applied Economics and Management is one of the hottest employment-focused majors today. Due to its wide range of applications and strong interdisciplinary capabilities, graduates can pursue careers in consulting, marketing, advertising, financial analysis, industry research, and general management.
According to statistics, among the 35 graduates in 2019, 45% found full-time jobs within 6 months, with an average salary of $60,708. Additionally, 82% of graduates successfully secured full-time employment within one year of graduation.
Application Timeline and Requirements for Cornell AEM
Application Timeline:
Fall admission deadline: December 15
Application Requirements:
Personal statement, resume, video essay, two academic letters of recommendation, GRE/GMAT scores, official TOEFL or IELTS scores (required for international students)
Below is an offer from the Cornell AEM program for your reference~
If you are interested in applying to the Cornell AEM program for graduate studies, feel free to scan the QR code below and start a one-on-one consultation right away~
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