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Wharton Undergraduate Class of 2017 Career Plans Survey 19B

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Wharton Undergraduate Class of 2017 Career Plans Survey 19B WHARTON UNDERGRADUATE CLASS OF 2017 CAREER PLANS SURVEY 19B METHODOLOGY Students were asked through several e-mail requests and follow-up phone calls to complete an online Career Plans Survey. Follow-up emails and phone calls were sent between July and September 2017 to students who had not responded or who previously indicated they were “still seeking.” Plans were obtained for a total of 548 students out of 636 graduates. Of these, 511 filled out the survey and/or confirmed their information with Career Services, resulting in an 80% “response rate”. Data for an additional 37 graduates was verified via LinkedIn research, resulting in an 86% “knowledge rate.” POST-GRADUATION PLANS: CLASS OF 2017 Plan Number21B Percent22B Full-time Employed 519 94.7% Military Service 3 0.5% Graduate School / Continuing Education 11 2.0% Seeking Full-time Employment 11 2.0% Seeking Graduate School / Continuing Education 2 0.4% Not Seeking Employment / Continuing Education 2 0.4% FIVE-YEAR TREND OF PRIMARY PURSUITS AND AVERAGE SALARIES Graduating Employed1B Graduate School / Average Salary and Range Class Continuing Education 2017 95.2% 2.0% $80,566 $30,000 - $175,000 2016 89.8% 5.8% $77,566 $28,000 - $150,000 2015 91.7% 3.1% $76,231 $20,000 - $150,000 2014 91.0% 3.4% $69,506 $30,000 - $112,000 2013 88.9% 4.2% $67,986 $28,000 - $120,000 “Employed” includes full-time employed, part-time employed, military services, and volunteer service AVERAGE ANNUAL BASE SALARIES TREND $85,000 $80,566 $80,000 $76,231 $77,566 $75,000 $69,506 $70,000 $67,986 $65,000 $60,000 2013 2014 2015 2016 2017 Report prepared by Barbara Hewitt, Senior Associate Director, Career Services, University of Pennsylvania, October 2017 1 INDUSTRIES OF EMPLOYED GRADUATES A vast majority of the Wharton Class of 2017 entered the Technology Other workforce following 14.7% 0.2% Communications graduation, with only 2% 1.2% opting to pursue graduate Retail Consulting 2.3% 19.6% school immediately. Real Estate Education / 2.7% Nonprofit We continued to see an 1.0% Manufacturing increase in the percentage of 3.7% students entering the Transportation Energy/Nat.Res. technology field, as well as real 0.2% 0.8% estate, investment banking and Insurance 0.6% Diversified Fin. hedge funds over the Class of Srvcs. Healthcare 2016. 4.7% 0.8% Fewer students entered the Government communications, venture 1.2% Hedge Fund Venture Capital 3.9% capital, consulting and 0.4% insurance industries as Private Equity compared to the Class of 2016. Hospitality / 5.2% Leisure / Investment Mgmt. Sports The average salary increased 4.8% 0.8% by about 4%. Investment Banking 31.4% JOB FUNCTIONS OF EMPLOYED GRADUATES Real Estate Other Management 2.9% 1.0% Communications 4.8% 0.6% Slightly under half of students Education entered a financial job function, Actuarial 0.4% with the popularity of investment 0.4% Marketing/ Sales/ banking roles increasing this year, Retail Info. Sys. / 9.5% Consulting along with trading, real estate, and Comp Sci. 22.1% 2.9% data analytics. Data Analytics Government 4.5% Less popular job functions this (various) Education year includes private equity, 0.8% (teaching/research) securities research, and venture Venture Capital 0.4% capital. 0.4% Engineering Trading 0.4% 3.3% Consulting and marketing/sales/ Commercial Investment Banking Securities Banking/Lending retail job functions remained 28.1% Research 1.7% popular as well with students from 1.4% Financial Risk Mgmt. the Class of 2017. Planning/Analysis 0.6% (non bnkg.) Sales (Financial) Healthcare & 1.4% 1.0% Private Equity Investment Nursing 4.5% Management 0.6% 6.6% 2 ANALYSIS OF EMPLOYED RESPONDENTS Starting Salaries and Bonuses 382 students who accepted full-time, post-graduate employment provided salary data, which is the basis for the averages in the following table. The figures listed below are salary only; they do not include bonuses. 53BAverage Base Salary by School and Gender School/Program Average Range # Respondents % Respondents Overall $80,566 $30,000 – $175,000 382 100% Women $76,608 $32,000 – $115,000 173 45.3% Men $83,896 $30,000 – $175,000 209 54.7% Wharton Only $78,293 $30,000 – $120,000 274 71.7% Women $75,625 $32,000 – $105,128 128 33.5% Men $80,632 $30,000 – $120,000 146 38.2% 4 Management & $95,158 $45,000 – $175,000 38 10.0% Technology Program Women $85,179 $57,500 – $115,000 14 3.7% Men $100,979 $45,000 – $175,000 24 6.3% Huntsman Program $75,145 $50,000 – $95,000 25 6.6% Women $73,422 $60,000 – $85,000 11 2.9% Men $76,500 $50,000 – $95,000 14 3.7% Life Sciences & $83,118 $75,000 – $85,000 14 3.6% Mgmt. Program Women $82,143 $75,000 – $85,000 7 1.8% Men $84,093 $80,000 – $85,000 7 1.8% Dual Wharton & Arts $81,105 $52,000 – $130,000 19 5.0% and Sciences Women $77,000 $55,000 – $85,000 10 2.6% Men $85,667 $52,000 – $130,000 9 2.4% Dual Wharton & $98,650 $72,500 – $135,000 10 2.6% Engineering Women * * 2 0.5% Men $101,438 $72,500 – $135,000 8 2.1% Nursing & Health * * 2 0.6% Care Mgmt. Program Women * * 1 0.3% Men * * 1 0.3% 3 54B Average Bonuses by Gender 388 students indicated whether they had received a sign-on bonus, with 81% responding that they had received one. 336 students indicated whether they expected to receive an annual bonus, with 83% expecting such a bonus. Bonus Type Overall Average Women Men Sign-on Bonus $12,703 $9,938 $14,984 Annual Bonus Amount (projected) $29,476 $21,297 $34,545 Interviewing Activity and Offer Information U U OnU -Campus Recruiting (OCR) Interview Activity 2017 2016 Employers Conducting Interviews 290 334 Total Number of Interviews Held 8,394 8,910 Average Number of First Round Interviews and 2017 201U 6 Offers Per Student First Round Interviews 7.6 (0 – 70) 7.6 (0 – 75) Job Offers 1.8 (0 – 20) 1.8 (0 – 10) Method of Obtaining Job Offer Accepted 2017 2016 On-Campus Recruiting (OCR) 23.4% 36.7% Previous OCR Employer (internship obtained through OCR, 23.8% 23.7% resulting in full-time offer) Previous Non-OCR Employer (internship not obtained through 22.9% 7.3% OCR, resulting in full-time offer) Applied Directly to Organization 10.9% 13.2% Family/Friends/Contacts (including academic department) 7.9% 8.8% Other Career Services Leads 8.1% 6.6% Other 3.0% 3.7% 46.7% of students accepting full-time jobs indicated that they previously interned with the employer who made the offer. Date Job Offer was Received 447 graduates reported the date on which they received the offer for the position which they accepted. 94.4% received the offer prior to May 2017 graduation, with 83.5% receiving the offer before or during the fall semester. DateU Received Offer %U of Graduates Prior to September 2016 45.2% September - December 2016 38.3% January - February 2017 4.0% March - May 2017 6.9% June 2017 or later 5.6% 4 Geographic Distribution of Accepted Offers 514 students reported the location of their jobs. 5.1% accepted jobs outside of the United States. State Number Percent Country/US Territory Number Percent Alabama 1 0.2% Bermuda 1 0.2% California 72 14.0% Canada 2 0.4% Colorado 4 0.8% Germany 1 0.2% Connecticut 11 2.1% China 5 1.0% Delaware 1 2.1% India 2 0.4% District of Columbia 11 0.2% Japan 2 0.4% Florida 1 0.2% Kenya 1 0.2% Idaho 1 0.2% Korea, South 1 0.2% Illinois 14 2.7% Malaysia 1 0.2% Maryland 4 4.3% Morocco 1 0.2% Massachusetts 22 0.8% Netherlands 1 0.2% Minnesota 3 0.6% Oman 1 0.2% Missouri 1 0.2% Singapore 1 0.2% Nevada 1 1.6% Taiwan 1 0.2% New Jersey 8 0.2% United Arab Emirates 1 0.2% New York 267 52.0% United Kingdom 4 0.8% Ohio 1 0.2% Total 26 5.1% Pennsylvania 31 6.0% Rhode Island 1 0.2% Tennessee 1 0.2% Texas 9 1.8% Utah 1 0.2% Virginia 12 2.3% Washington 10 1.9% Total 488 94.9% 5 Employers with the Most Accepted Offers Nearly 250 different employers hired students from the Wharton Class of 2017. Following are the employers that hired the largest number of students in the last two years. 2017 2016 # of # of Accepted Accepted Company55B Name Company Name Offers Offers 1. McKinsey & Co. 19 1. Boston Consulting Group 19 2. Bain & Co. 17 2. J.P. Morgan Chase & Co. 15 3. Goldman Sachs 15 3. Morgan Stanley 12 4. Boston Consulting Group 14 McKinsey & Co. 12 Credit Suisse 14 5. Goldman Sachs 11 6. JP Morgan Chase & Co. 13 6. Barclays Capital 9 7. Bank of America 11 7. BlackRock 8 IBM 11 The Blackstone Group 8 Morgan Stanley 11 Accenture 8 10. Capital One 9 10. Bank of America 6 Citi 9 Bain & Company 6 Deloitte Consulting 9 American Express 6 13. Barclays 8 Citigroup 6 Evercore 8 Evercore Partners 6 PJT Partners 8 Oliver Wyman 6 16. Centerview Partners 7 16. Applied Predictive Technologies 5 17. Accenture 6 Microsoft 5 Applied Predictive Technologies 6 Moelis & Company 5 Facebook 6 IBM 5 Google 6 Houlihan Lokey 5 Lazard 6 AB InBev 5 22.
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