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Wharton Class of 2002

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Wharton Class of 2002 Wharton0B Undergraduate Class of 2011 Career19B Plans Survey Report 20U 11U Number of Degrees Awarded 676 Number of Completed Surveys 600 Response20B Rate 88.8% SUMMARY OF POST-GRADUATION PLANS Additional Non-Grad Education Seeking Graduate This report summarizes responses from Graduate School 0.3% School 5.3% 0.2% December 2010 and May/August 2011 Seeking Employment Wharton Bachelor of Science in Part-time Employed 4.2% Other 0.3% Economics degree recipients. 0.5% Short-term Employed 1.2% Even though the national unemployment Self-Employed rate remained stubbornly high during the 2.2% 2010-2011 academic year, the Wharton students fared extremely well in their job and graduate school searches. Most students (89.5%) entered the working world, while another 5.6 pursued further education. The average base salary rose significantly to $66,412, nearly $3,000 Full-time Employed more than the average salary for the Class 85.8% of 2010. JOB FUNCTIONS OF WHARTON GRADUATES The Class of 2011 entered a wide range of job functions upon graduation with investment banking, consulting, sales and trading, investment management and marketing/sales being top areas of interest for our students. Large employers such as Goldman Sachs, Citi, Morgan Stanley, J.P. Morgan, Boston Consulting Group and McKinsey hired the greatest number of Wharton graduates. However, students accepted employment in smaller numbers with a wide range of other employers including Abercrombie & Fitch, Kraft Foods, Google, L’Oreal, Prophet, PepsiCo and Teach for America. Report prepared by Barbara Hewitt, Senior Associate Director, Career Services, University of Pennsylvania, November 2011 METHODOLOGY Students were asked via several e-mail requests during Spring 2011 to complete an online version of the Career Plans Survey. Follow-up emails/surveys were sent in July, September, and October 2011 to those students who had not responded or had previously indicated they were “still seeking.” A total of 600 surveys were returned, resulting in an 88.8% response rate. POST-GRADUATION PLANS 2011 2010 Plan Number21B Percent22B Number Percent Full-time Employed 515 85.8% 446 79.5% Graduate School 32 5.3% 27 4.8% Non-Graduate Education 2 0.3% 3 0.5% Seeking Full-time Employment 25 4.2% 55 9.8% Seeking Graduate School 1 0.2% 3 0.5% Self-Employed 13 2.2% 10 1.8% Short-term Employed (less than 9 months) 7 1.2% 9 1.6% Part-time Employed 2 0.3% N/A N/A Other 3 0.5% 8 1.4% FIVE-YEAR TREND OF MAJOR PURSUITS AND AVERAGE SALARIES Employed1B * Graduate School Average Salary and Range 2011 89.5% 5.3% $66,412 $20,000 - $120,000 2010 82.9% 4.8% $63,555 $19,000 - $100,000 2009 82.8% 6.6% $59,852 $20,000 - $100,000 2008 88.5% 4.2% $61,001 $22,000 - $110,000 2007 88.5% 2.8% $59,960 $20,000 - $100,000 *includes full-time employed, part-time employed, short-term employed, and self-employed. AVERAGE BASE SALARIES TREND $70,000 $59,960 $61,001 $59,852 $63,555 $66,412 $65,000 $60,000 $55,000 $50,000 $45,000 $40,000 $35,000 $30,000 $25,000 $20,000 $15,000 $10,000 $5,000 $0 2007 2008 2009 2010 2011 Annual Base Salary of Wharton Bachelor of Science Graduates ANALYSIS OF EMPLOYED RESPONDENTS Starting56B Salaries and Bonus Figures 463 students who accepted full-time post-graduate employment provided salary data, which is the basis for the averages in the following table. 53BAverage Base Salary by School and Gender (The figures listed below are salary only; they do not include bonus information.) SCHOOL/DEGREE Average Range # of % of All PROGRAM Respondents Respondents Overall $66,412 $20,000 – $120,000 463 100% Women $64,156 $30,000 – $95,000 153 33.0% Men $67,527 $20,000 – $120,000 310 67.0% Wharton Only $65,216 $20,000 – $100,000 318 68.7% Women $63,362 $30,000 – $95,000 110 23.8% Men $66,197 $20,000 – $100,000 208 44.9% 4 M & T Program $71,258 $45,000 – $93,500 33 7.1% Women $67,857 $45,000 – $90,000 7 1.5% Men $72,173 $60,000 – $93,500 26 5.6% Huntsman Program $67,378 $30,000 – $90,000 37 8.0% Women $64,583 $50,000 – $75,000 12 2.6% Men $68,720 $30,000 – $90,000 25 5.4% Life Sciences & $66,269 $47,000 – $75,000 12 2.6% Mgmt. Program Women $65,000 $60,000 – $70,000 3 0.6% Men $67,167 $47,000 – $75,000 9 1.9% Dual WH & CAS $68,157 $32,000 – $90,000 35 7.6% Women $67,727 $36,000 – $80,000 11 2.4% Men $68,354 $32,000 – $90,000 24 5.2% Dual WH & SEAS $72,277 $50,000 – $120,000 24 5.2% Women $67,143 $60,000 – $70,000 7 1.5% Men $74,391 $50,000 – $120,000 17 3.7% Nursing & Health $61,500 $56,000 – $65,000 4 0.9% Care Mmgt. Program Women $62,000 $56,000 – $65,000 3 0.6% Men * * 1 0.2% *Salary statistics not released for categories representing fewer than three respondents. 54BAverage Bonus Figures by Gender 479 students indicated whether they had received a sign-on bonus, with 80% indicating that they had received one. 462 students indicated whether they expected to receive an annual bonus, with 90% expecting such a bonus. BONUS TYPE OVERALL AVERAGE WOMEN MEN Sign-on Bonus $8,576 $8,044 $8,837 Annual Bonus (projected) $29,792 $23,769 $31,647 Interviewing Activity and Offer Information U U U U OnU -Campus Recruiting (OCR) Interview ActivityU 2011 2010 Total Number of Employers 361 341 Total Number of Scheduled Interviews 14,739 12,821 U U U U UAverage Number and Range of Interviews per 2011 2010 StudentU On-Campus Recruiting Interviews 9.4 (0 – 99) 9.2 (0 – 60) Career Services Interviews (Career Fairs, Online Job Listings) 1.2 (0 – 30) 2.0 (0 – 60) Interviews via Own Job Search 1.8 (0 – 50) 2.3 (0 – 50) All Interviews Combined 12.5 (0 – 115) 11.6 (0 – 60) U U U AverageU Number and Range of Job Offers Received per 2011 2010 StudentU U On-Campus Recruiting Offers 1.5 (0 – 10) 1.4 (0 – 7) Career Services Offers (Career Fairs, Online Job Listings) 0.2 (0 – 4) 0.3 (0 – 5) Offers Resulting from Own Job Search 0.5 (0 – 6) 0.6 (0 – 5) All Offers Combined 2.2 (0 – 12) 2 (0 – 7) Method of Obtaining Job Offer Accepted 20U 11U On-Campus Recruiting (OCR) 44.2% Previous OCR Employer (Summer internship obtained through OCR, resulting in full-time offer) 22.9% Applied Directly to Organization 10.6% Family/Friends/Contacts 9.2% Other Career Services Leads 5.6% Previous Non-OCR Employer (Summer internship not obtained through OCR, resulting in full-time offer) 5.6% Other 1.8% 28.5% of students accepting full-time jobs indicated that they interned with the employer who made the offer. U Date Job Offer was Received 473 graduates reported the date on which they received the full-time offer for the position they accepted. 95.6% received the offer prior to graduation, with 82.5% receiving the offer before or during the fall semester. DateU Received OfferU %U of GraduatesU Prior to September 2010 25.8% September - December 2011 56.7% January - March 2011 7.4% April - May 2011 5.7% June 2011 or later 4.4% GeographicU Distribution of Accepted Offers 521 students reported the location of their jobs. 9.6% accepted jobs outside of the United States. State Number Country/US Territory Number California 46 Australia 1 Connecticut 9 Canada 2 District of Columbia 3 China, People's Republic 2 Florida 1 France 2 Georgia 1 Hong Kong 17 Illinois 23 India 3 Maryland 3 Japan 1 Massachusetts 20 Korea, South 1 Michigan 1 Puerto Rico 1 Minnesota 2 Singapore 9 Missouri 1 Spain 2 North Carolina 3 Sweden 1 New Jersey 15 Taiwan 1 New York 263 Thailand 1 Ohio 3 United Kingdom 5 Oregon 1 Virgin Islands 1 Pennsylvania 51 Tennessee 1 Texas 2 Virginia 6 Washington 14 Wisconsin 2 Employers with the Most Accepted Offers (4 or more acceptances) 2011 2010 # of # of Accepted Accepted Company55B Name Company Name Offers Offers 1. Goldman Sachs 24 1. Goldman Sachs 28 2. Citi 21 2. Citi 18 3. Morgan Stanley 20 3. Boston Consulting Group 17 4. J.P. Morgan 16 4. Bank of America 15 5. Boston Consulting Group 15 5. Blackstone 12 6. McKinsey & Company 14 Credit Suisse 12 7. Barclay’s Capital 13 7. Accenture 11 UBS 13 J.P. Morgan Chase 11 9. Blackstone Group 12 Morgan Stanley 11 Microsoft Corporation 12 10 Barclay’s Capital 10 11. Bank of America 11 11. Google 8 Credit Suisse 11 UBS 8 Deloitte Consulting 11 13. Deloitte Consulting 7 Deutsche Bank 11 14. American Express 6 15. Bain & Company 10 Deutsche Bank 6 Oliver Wyman 10 Moelis & Company 6 17. Moelis & Company 7 17. Evercore Partners 5 18. Evercore Partners 6 Macy’s 5 19. Accenture 5 19. Bain & Company 4 BlackRock 5 Houlihan Lokey 4 Jefferies & Company 5 HSBC 4 Nomura Securities 5 IBM 4 PricewaterhouseCoopers 5 Insight Venture Partners 4 RBS 5 Jefferies & Company 4 25. A. T. Kearney 4 Oliver Wyman 4 Wells Fargo 4 RBS 4 Teach for America 4 SALARIES BY INDUSTRY Includes the 463 respondents who reported industry and salary figures for full-time positions.
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