Cornell University Department of Applied Economics and Management

The Cornell University Department of Applied Economics and Management (AEM) is a department within the New York State College of Agriculture and Life Sciences focusing on applied economics and business. Prior to 2002, the department was named Agricultural Economics. The department has approximately 40 faculty members teaching 65 graduate students and 750 undergraduates. It is part of a statutory college which is distinct from the Johnson School of Management.

Undergraduate Business Program

The department offers one undergraduate major, Applied Economics and Management, which is an accredited undergraduate business program In fact, U.S. News & World Report ranked AEM's business program #10 in its 2007 rankings of top undergraduate business programs. [http://aem.cornell.edu Applied Economics & Management/Cornell ] ] In addition, BusinessWeek's 2008 "Best Undergrad Business Schools" rankings placed Cornell's AEM program as the fourth best in the country. Historically, Cornell's Undergraduate Business program has undergone a series of developments regarding the focus of its studies. Originally conceived as an agriculturally centered program, it has developed over the years to focus on both resource economics and applied economics.

Students in the AEM major previously chose a specialization in one of three areas: Business (General Management), Agribusiness, and Applied Economics. Beginning in the fall of 2007, however, students may choose one of ten specializations; accounting, agribusiness management, applied economics, entrepreneurship, environmental and resource economics, finance, food industry management, international trade & development, marketing, and strategy. AEM's Food Industry Management specialization, as most do, provides a flexible curriculum that is grounded in the liberal arts, yet focused on the practical, real world of business. There are four concentrations within the business specializations: strategy, finance, marketing and management.The two Agribusiness specializations—Farm Business Management and Finance and Agribusiness Management—draw on the general business curriculum as well as their own specialized courses for students interested in careers in the agricultural and food sector, which is one of the largest sectors of the global economy. The two Applied Economics specializations—Environmental and Resource Economics and Agricultural and Applied Economics — give students strong training in economic theory and methods, with specialized coursework oriented towards the environment, natural resources, agriculture, and other applied areas that lead to careers in the public sector, academia, and the private sector.

The AEM program had 86 incoming freshmen in Fall 2006. The overall admit rate was 16% and the yield was 64%. The median SAT score was 1360. In 2005, the average starting salary for graduates of the program was $50,000, and the top employment fields (and number of students per field) were Banking/Financial Services (43), Consulting (11), Marketing (7), Accounting/Auditing (6), Management (6), Communication (5), Ag. Business (Banking/Financial Services/Sales/Management/Marketing) (4), Education (Teaching/Administrative/Support Services) (4), Real Estate (3), Sales (3), and Brokerage/Trading (3).Fact|date=February 2007

In the fall of 2007, the school had 103 incoming freshman, as well as 48 external transfers and 54 intra-Cornell transfers, amounting to an acceptance rate of 14.6%.

References

Further reading

* Stanton, Bernard F. "Agricultural economics at Cornell : a history, 1900-1990". Ithaca, N.Y.: Cornell University Press, 2001.

External links

* [http://aem.cornell.edu Cornell University Department of Applied Economics and Management]