Wharton Undergraduate Class of 2007 Career Plans Survey Report

2007 Number of Degrees Awarded 598 Number of Completed Surveys 506 Percentage Response 85%

SUMMARY OF POST-GRADUATION PLANS

Part-time Entering Self- This report summarizes responses from Employed Military Employed December 2006, May 2007 and August 2007 0.6% Service Seeking 2.4% Wharton Bachelor of Science in Economics Full-time 0.2% degree recipients. Employment Other 6.1% 2.6% This year’s economy remained strong with Graduate continued increase in the number of School employers recruiting on campus through 2.8% information sessions and job interviews. Over 85% of survey respondents reported that they were employed full-time, with most respondents receiving their job offer before or during the fall semester. There was a Full-time significant increase in the average base Employed salary from $57,784 in 2006 to $59,960 in 85.4% 2007. Nearly 3% of survey respondents enrolled in graduate school full-time.

INDUSTRIES EMPLOYING WHARTON GRADUATES

Investment banking was the most popular Technology Venture Capital Accounting career choice for Wharton students – just Real Estate / Services (non- 2.8% / 0.9% under 50% entered the industry in 2007. Land consulting) 4.6% Commercial Consulting attracted the second-largest group Development Banking 2.3% of Wharton students in 2007 although there 5.3% 0.5% NonProfit / was a slight decrease from 2006. Other Communications popular industry choices this year included Education Consulting 1.4% 0.2% 19.4% investment management/counsel, real Financial estate/land development and venture Manufacturing Services capital/private equity. 1.4% (other) Inv es tment 3.9% The percentages of students entering the Management / communications, government and technology Counsel Government industries are roughly the same as 2006 7.1% 1.2% Insurance while there was a decrease in percentage of Investment 0.9% Banking students entering manufacturing, services 48.2% (non-consulting), and nonprofit/education compared to 2006.

Report prepared by S. David Ross, Associate Director, Career Services, University of Pennsylvania, October 2007

METHODOLOGY

Students were asked via several email requests during Spring 2007 to complete an online version of the Career Plans Survey. A follow-up survey was mailed in July 2007 to those students who had not responded or had previously indicated they were “still seeking.” A total of 506 surveys were returned, resulting in an 85% response rate.

POST-GRADUATION PLANS

2007 2006 Plan Number Percent Number Percent Full-time Employed 432 85.4 429 85.1 Full-time Graduate School 14 2.8 19 3.8 Seeking Full-time Employment 31 6.1 30 6.0 Seeking Graduate School 0 0 7 1.4 Self-Employed 12 2.4 6 1.2 Part-time Employed 3 0.6 2 0.4 Entering Military Service 1 0.2 5 1.0 Other 13 2.6 6 1.2

FIVE-YEAR TREND OF MAJOR PURSUITS AND AVERAGE SALARIES

Employed* Graduate School Average Salary and Range 2007 88.5% 2.8% $59,960 $20,000 - $100,000 2006 87.7% 3.8% $57,784 $24,600 - $100,000 2005 88.2% 5.5% $53,999 $26,000 - $95,000 2004 85.5% 6.1% $52,267 $26,000 - $85,000 2003 85.1% 5.1% $50,202 $25,000 - $80,000 *includes full-time employed, part-time employed, self-employed and military service.

AVERAGE BASE SALARIES TREND

$59,960 $60,000 $57,784 $55,000 $52,267 $53,999 $50,202 $50,000 $45,000 $40,000 $35,000 $30,000 $25,000 $20,000 $15,000 $10,000 $5,000 $0 2003 2004 2005 2006 2007 Annual Base Salary of Wharton Graduates

ANALYSIS OF EMPLOYED RESPONDENTS

STARTING SALARIES AND BONUS FIGURES

396 students who accepted employment provided salary data, which is the basis for the averages in the following tables. Of those that provided this information, 77.0% indicated that they planned to receive an annual bonus, and 85.4% received a sign-on bonus.

AVERAGE 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 PROGRAM Respondents Respondents Overall $59,960 $20,000 - $100,000 396 100% Women $58,804 $35,000 - $76,000 144 36.4% Men $60,621 $20,000 - $100,000 252 63.6%

Wharton Only $59,421 $35,000 - $100,000 288 72.7% Women $57,849 $35,000 - $75,000 107 27.0% Men $60,351 $40,000 - $100,000 181 45.7%

M & T Program $63,718 $50,000 - $85,000 39 9.8% Women $62,100 $60,000 - $76,000 10 2.5% Men $64,276 $50,000 - $85,000 29 7.3%

Huntsman Program $57,208 $20,000 - $75,000 24 6.1% Women $59,600 $55,000 - $65,000 10 2.5% Men $55,500 $20,000 - $75,000 14 3.5%

Dual WH & CAS $61,219 $40,000 - $75,000 32 8.1% Women $61,769 $55,000 - $75,000 13 3.3% Men $60,842 $40,000 - $70,000 19 4.8%

Dual WH & SEAS $63,417 $60,000 - $75,000 12 3.0% Women $64,500 $60,000 - $75,000 4 1.0% Men $62,875 $60,000 - $70,000 8 2.0%

Dual WH & NURS * * 1 0.3% Women * * 0 0.0% Men * * 1 0.3%

*Salary statistics not released for categories representing less than 1% of all respondents.

AVERAGE BONUS FIGURES BY GENDER

BONUS TYPE OVERALL AVERAGE WOMEN MEN Sign-on Bonus $9,526 $9,274 $9,676 Annual Bonus (Estimated) $39,023 $32,764 $41,897

INTERVIEWING ACTIVITY AND OFFER INFORMATION

ON-CAMPUS RECRUITING (OCR) INTERVIEW ACTIVITY 2007 2006 Total Number of Employers 418 387 Total Number of Scheduled Interviews 13,313 13,320

AVERAGE NUMBER AND RANGE OF INTERVIEWS 2007 2006 RECEIVED PER STUDENT

On-Campus Recruiting Interviews 10.3 (0 – 50) 11.7 (0 – 75) Career Services Interviews (Career Days, Online Job Listings) 1.1 (0 – 20) 1.2 (0 – 50) Interviews via Own Job Search 1.5 (0 – 20) 1.5 (0 – 14) All Interviews Combined 11.4 (0 – 65) 12.5 (0 – 75)

AVERAGE NUMBER AND RANGE OF JOB OFFERS 2007 2006 RECEIVED PER STUDENT

On-Campus Recruiting Offers 2.0 (0 – 15) 2.1 (0 – 15) Career Services Offers (Career Days, Online Job Listings, etc.) 0.4 (0 – 3) 0.3 (0 – 4) Offers Resulting from Own Job Search 0.7 (0 – 4) 0.8 (0 – 11) All Offers Combined 2.5 (0 – 16) 2.5 (0 – 12)

METHOD OF OBTAINING JOB OFFER ACCEPTED

METHOD 2007

On Campus Recruiting (OCR) 46.2% Previous OCR Employer (Summer internship obtained through OCR, resulting in full-time offer) 28.3% Previous Non-OCR Employer (Summer internship not obtained through OCR, resulting in full-time offer) 10.7% Applied Directly to Organization 4.5% Family/Friends/Contacts 4.3% Other Career Services Leads 2.5% Other 1.6% Professor/Departmental Referral 1.1% Internet Job Site/Advertisement 0.7%

42.1% of students accepting full-time jobs indicated that they interned with the employer who made the offer.

DATE JOB OFFER WAS RECEIVED

377 May graduates reported the date on which they received a job offer for the position they accepted. Of those 377 May graduates, 99.7% received the offer prior to graduation, with approximately 91.3% receiving the offer before or during the fall semester.

DATE RECEIVED OFFER % OF MAY GRADUATES Prior to September 2006 34.5% September 2006 – December 2006 56.8% January 2007 – March 2007 6.4% April 2007 – May 2007 2.1% June 2007 or later 0.3%

GEOGRAPHIC DISTRIBUTION OF ACCEPTED OFFERS

State Number State Number Country/US Territory Number California 28 Ohio 2 China, People's Republic 1 Connecticut 9 Pennsylvania 24 Hong Kong 8 District of Columbia 5 Texas 6 India 2 Florida 4 Virginia 6 Japan 1 Illinois 10 Washington 5 Mexico 1 Massachusetts 15 Wyoming 1 Singapore 5 Maryland 1 United Arab Emirates 1 North Carolina 2 United Kingdom 4 New Jersey 10 New York 288

EMPLOYERS WITH THE MOST ACCEPTED OFFERS (4 OR MORE ACCEPTANCES)

2007 2006 # of # of Company Name Accepted Company Name Accepted Offers Offers

1. 27 1. Citigroup 38 1. Lehman Brothers 27 2. 27 3. Goldman Sachs 24 3. McKinsey & Co. 19 4. 22 3. Morgan Stanley 19 5. UBS 21 5. JPMorgan Chase 18 6. McKinsey & Co. 15 6. Deutsche 17 7. JP Morgan Chase 14 7. Lehman Brothers 13 8. 13 8. Merrill Lynch 11 8. Merrill Lynch 13 8. UBS 11 10. Bear Stearns 10 10. Credit Suisse First Boston 10 11. American Express 8 11. Boston Consulting Group 8 11. Bain & Co. 8 11. Banc of America Securities 8 11. Boston Consulting Group 8 13. Mercer Oliver Wyman 7 14. 7 13. PricewaterhouseCoopers 7 14. 7 15. Bain & Co. 6 16. Freres 6 16. Microsoft 6 16. Mercer Oliver Wyman 6 16. Mercer Management Consulting 6 18. Bank of America 5 18. Guardsmark, LLC 5 18. Barclays Capital 5 18. The Blackstone Group 5 18. Jefferies & Co. 5 18. ZS Associates 5 18. Mercer Management Consulting 5 21. American Express 4 18. Microsoft 5 21. Bain Capital 4 18. Monitor Group 5 21. Bear Stearns 4 24. 4 21. IBM 4 24. PricewaterhouseCoopers 4 21. Jefferies & Company, Inc. 4

SALARIES BY JOB TYPE Includes 385 respondents who reported salary figures and job type for full-time positions.

Job Type % Average Range Average Average Salary Male Female Salary Salary ACCOUNTING 0.8% * * * * Public Accounting 0.5% * * * * Internal Accounting 0.3% * * * *

CONSULTING 18.7% $60,174 $52,000 - $70,000 $60,536 $59,667 Management/Strategy 17.7% $60,184 $52,000 - $70,000 $60,513 $59,714 Research 0.5% * * * * Technical/Information Systems 0.5% * * * *

ECONOMICS 0.3% * * * * International Economic Development 0.3% * * * *

FINANCE 65.7% $60,999 $40,000 - $100,000 $61,221 $60,545

Commercial Banking 0.3% * * * * Commercial Lending 0.3% * * * *

Corporate Finance (non-banking) 0.5% * * * * Financial Planning & Analysis 0.5% * * * *

Financial Management & Marketing 4.2% $62,000 $50,000 - $85,000 $62,200 $61,667 Investment Management/Counsel 4.2% $62,000 $50,000 - $85,000 $62,200 $61,667

Investment Analysis 53.0% $60,874 $40,000 - $100,000 $61,000 $60,609 Financial Analyst (generalist) 29.6% $60,770 $40,000 - $100,000 $61,179 $60,120 Mergers & Acquisitions Analyst 9.9% $61,250 $42,500 - $70,000 $61,048 $62,143 Private Equity/Venture Capital 5.5% $60,619 $43,000 - $85,000 $61,125 $59,000 Capital/Money Markets Analyst 3.9% $60,660 $60,000 - $69,895 $60,000 $61,979 Securities Research Analyst 2.9% $61,364 $55,000 - $75,000 $60,000 * Public Finance Analyst 0.8% * * * * Energy Analyst 0.3% * * * * Risk & Foreign Exchange 0.3% * * * *

Sales and Trading 7.8% $61,333 $45,000 - $100,000 $62,368 $59,545 Trading 6.2% $62,292 $50,000 - $100,000 $63,750 $59,375 Sales 1.6% $57,500 $45,000 - $60,000 * *

GOVERNMENT 0.5% * * * * Legislative Aide/Staff 0.3% * * * * Policy Research/Analysis 0.3% * * * *

INFORMATION SYSTEMS/ 1.6% $67,667 $56,000 - $76,000 $66,000 * COMPUTER SCIENCE Software Designer and Developer 0.8% * * * * Applications Programmer 0.3% * * * * Database Manager 0.3% * * * * Technology Analyst 0.3% * * * *

INSURANCE 0.8% * * * * Actuarial 0.8% * * * *

MANAGEMENT 2.6% $54,000 $45,000 - $75,000 * $51,429 General Management 0.8% * * * * Human Resources/Personnel/Labor Relations 0.8% * * * * Management Training 0.8% * * * * Operations Management 0.3% * * * *

MARKETING 4.9% $54,474 $42,000 - $80,000 $58,000 $50,556 Marketing Analysis 1.6% $53,833 $50,000 - $60,000 * * Product/Brand Management 1.6% $63,000 $53,000 - $80,000 $65,000 * Buyer/Merchandising 0.8% * * * * Marketing Research 0.5% * * * * Sales/Sales Management 0.5% * * * *

MATHEMATICS 0.3% * * * * Actuarial Science 0.3% * * * *

OTHER 0.3% * * * *

REAL ESTATE 3.6% $60,250 $46,000 - $80,000 $60,389 $60,000 Real Estate Investment Analyst 3.4% $58,731 $46,000 - $70,000 $57,938 $60,000 General Management 0.3% * * * *

* Salary statistics are not released for categories representing less than 1% of all respondents.

SALARIES BY INDUSTRY Includes the 396 respondents who reported industry and salary figures for full-time positions.

INDUSTRY % OF AVERAGE RANGE RESPONDENTS COMMUNICATIONS 0.8% * * Advertising/Public Relations 0.3% * * Film/Recording 0.3% * * Radio/TV/Cable 0.3% * *

FINANCIAL SERVICES 71.7% $60,636 $40,000 - $100,000 47.7% $60,730 $42,500 - $75,000 Investment Management/Counsel 7.3% $64,034 $40,000 - $100,000 Real Estate/Land Development 5.6% $58,741 $43,000 - $80,000 Venture Capital/Private Equity 4.8% $63,947 $50,000 - $85,000 Financial Services (other) 4.0% $54,625 $45,000 - $60,000 Insurance 1.0% $53,750 $45,000 - $59,500 Accounting 0.8% * * Commercial Banking 0.5% * *

GOVERNMENT 1.0% $30,660 $20,000 - $40,000 Central Banking 0.3% * * Non-U.S. Government Service 0.3% * * State 0.3% * * U.S. Executive Branch 0.3% * *

MANUFACTURING 1.3% $51,600 $45,000 - $55,000 Consumer Products 1.3% $51,600 $45,000 - $55,000

SERVICES 22.5% $59,247 $40,000 - $100,000 Consulting 19.9% $60,570 $50,000 - $100,000 Retail/Wholesale 1.8% $47,857 $40,000 - $65,000 Health Care (For Profit) 0.5% * * Construction 0.3% * *

TECHNOLOGY 2.8% $63,909 $45,000 - $80,000 Software Products (other) 1.8% $67,571 $56,000 - $80,000 Internet Services (other) 0.8% * * Online Information Provider 0.3% * *

* Salary statistics are not released for categories representing less than 1% of all respondents.

EMPLOYMENT PURSUITS BY UNDERGRADUATE CONCENTRATION/MAJOR

Wharton Single Degree Students

Accounting KPMG LLP, New York, NY: Associate KPMG LLP, New York, NY: Associate Smart & Associates, LLC, Devon, PA: Title Not Provided Accounting / Finance Barclays Capital, New York, NY: Analyst Citigroup Corporate and Investment Banking, New York, NY: Analyst Goldman Sachs, New York, NY: Analyst Jefferies & Company, New York, NY: Analyst JPMorgan Securities, Chicago, IL: Investment Banking Analyst Lazard Freres, New York, NY: Analyst Lehman Brothers, New York, NY: Analyst Silver Lake Partners, New York, NY: Analyst UBS, Hong Kong: Analyst UBS, Houston, TX: Analyst Accounting / Finance / Marketing UBS, New York, NY: Analyst

Actuarial Science PricewaterhouseCoopers, New York, NY: Actuarial Associate Towers Perrin, New York, NY: Actuarial Associate Towers Perrin, New York, NY: Actuarial Associate Actuarial Science / Finance Citigroup, New York, NY: Hybrid Analyst Prudential Financial, Newark, NJ: Actuarial Analyst Business and Public Policy Credit Suisse, New York, NY: Financial Analyst Department of Commerce, Washington, DC: Confidential Assistant Jones Lang LaSalle, Washington, DC: Financial Analyst Lehman Brothers, New York, NY: Title Not Provided Pennsylvania Intergovernmental Cooperation Authority, Philadelphia, PA: Analyst Business and Public Policy / Finance Lehman Brothers Holding Company, New York, NY: Analyst Business and Public Policy / Real Estate ASB Capital Management, LLC, Bethesda, MD: Analyst Entrepreneurship / Finance / Management Mercer Management Consulting, Dallas, TX: Analyst

Entrepreneurship / Finance / Real Estate Lazard Freres, New York, NY: Analyst School Bloc Marketing, Norwich, CT: CEO Entrepreneurship / Management Boston Consulting Group, New York, NY: Associate The Innovention Group, Philadelphia, PA: Title Not Provided Entrepreneurship / Real Estate Mayan Resorts, Puerto Vallarta, Mexico: Executive Manager Finance Accenture, Philadelphia, PA: Analyst American Express, New York, NY: Analyst Amerimar Enterprises, Philadelphia, PA: Analyst Bain & Company, Boston, MA: Associate Consultant Bain & Company, Boston, MA: Associate Consultant Bain & Company, Boston, MA: Associate Consultant Bain & Company, Los Angeles, CA: Associate Consultant Bain & Company, New York, NY: Title Not Provided Bain & Company, Singapore: Associate Consultant Bain Capital, Boston, MA: Analyst Bank of America, New York, NY: Analyst Bank of America, New York, NY: Analyst Barclays Capital Investment Bank, New York, NY: Analyst Barclays Capital, New York, NY: Analyst Barclays Capital, New York, NY: Analyst Barclays Capital, New York, NY: Sales Analyst Bear Stearns, New York, NY: Title Not Provided Bear Stearns, New York, NY: Analyst Bear Stearns, New York, NY: Analyst Bear Stearns, New York, NY: Analyst BlackRock Financial Services, New York, NY: Analyst BNP Paribas, New York, NY: Analyst Booz Allen Hamilton, McLean, VA: Level I Consultant Boston Consulting Group, Washington, DC: Associate Cerberus Capital Management, New York, NY: Analyst Citigroup Corporate & Investment Bank, New York, NY: First-year Analyst Citigroup Global Markets, New York, NY: Financial Analyst Citigroup Private Bank, New York, NY: Title Not Provided Citigroup Private Bank, New York, NY: Analyst Citigroup Private Bank, New York, NY: Analyst Citigroup Private Bank, San Francisco, CA: Analyst Citigroup, London, United Kingdom: Title Not Provided Citigroup, New York, NY: Analyst Citigroup, New York, NY: Analyst Citigroup, New York, NY: Analyst Citigroup, New York, NY: Financial Analyst Citigroup, New York, NY: Sales and Trading Analyst Citigroup, Palo Alto, CA: Analyst Credit Suisse, Hong Kong: Analyst Credit Suisse, Los Angeles, CA: Analyst Credit Suisse, Los Angeles, CA: Analyst Credit Suisse, New York, NY: Analyst Credit Suisse, New York, NY: Analyst Credit Suisse, New York, NY: Analyst Credit Suisse, New York, NY: Analyst Credit Suisse, New York, NY: Analyst D.E. Shaw & Co., New York, NY: Analyst Davenport Investments, Philadelphia, PA: Research and Marketing Analyst Delhi Flour Mills Co. Ltd., New Delhi, India: Title Not Provided Deloitte Consulting, New York, NY: Analyst Deutsche Bank, Hong Kong: Analyst Deutsche Bank, New York, NY: Analyst Deutsche Bank, New York, NY: Analyst Deutsche Bank, New York, NY: Analyst Deutsche Bank, New York, NY: Real Estate Private Equity Analyst DRW Trading Group, Chicago, IL: Trader Assistant Financo, Inc., New York, NY: Investment Banking Analyst Financo, New York, NY: Analyst Gerson Lehrman Group, New York, NY: Finance Associate GFG Capital, Miami, FL: Analyst Gleacher Partners, New York, NY: Analyst Goldman Sachs, New York, NY: Analyst Goldman Sachs, New York, NY: Analyst Goldman Sachs, New York, NY: Analyst Goldman Sachs, New York, NY: Analyst Goldman Sachs, New York, NY: Analyst Goldman Sachs, New York, NY: Analyst Goldman Sachs, New York, NY: Analyst Goldman Sachs, New York, NY: Analyst Goldman Sachs, New York, NY: Financial Analyst Goldman Sachs, New York, NY: Investment Banker Goldman Sachs, New York, NY: Leveraged Finance Analyst Goldman Sachs, San Francisco, CA: Analyst GoldTier Technologies, Mt. Laurel, NJ: Business Analyst Holliday Fenoglio Fowler, New York, NY: Analyst Houlihan Lokey Howard & Zukin, London, United Kingdom: Analyst Houlihan Lokey Howard & Zukin, Los Angeles, CA: Analyst Houlihan Lokey Howard & Zukin, New York, NY: Financial Analyst HSBC, Location Not Provided: Analyst Imperial Capital, LLC, New York, NY: Analyst Insight Venture Partners, New York, NY: Analyst Interlink Group, San Juan, PR: Development Associate Jefferies & Company, New York, NY: Financial Analyst Jefferies & Company, New York, NY: Financial Analyst Jefferies & Company, New York, NY: Investment Banking Analyst JPMorgan, New York, NY: Analyst JPMorgan, New York, NY: Analyst JPMorgan, New York, NY: Analyst JPMorgan, New York, NY: Analyst JPMorgan, New York, NY: Analyst JPMorgan Chase, New York, NY: Financial Analyst JPMorgan Chase, New York, NY: Analyst Katzenbach Partners LLC, New York, NY: Associate Kayne Anderson, Los Angeles, CA: Associate Lane Berry & Co., New York, NY: Analyst Lazard Freres, New York, NY: Analyst Lazard Freres, New York, NY: Analyst Lehman Brothers, Hong Kong: Analyst Lehman Brothers, London, United Kingdom: Capital Markets Analyst Lehman Brothers, New York, NY: Title Not Provided Lehman Brothers, New York, NY: Analyst Lehman Brothers, New York, NY: Analyst Lehman Brothers, New York, NY: Analyst Lehman Brothers, New York, NY: Analyst Lehman Brothers, New York, NY: Analyst Lehman Brothers, New York, NY: Analyst Lehman Brothers, New York, NY: Analyst Lehman Brothers, New York, NY: Analyst Lehman Brothers, New York, NY: Analyst Lehman Brothers, Tokyo, Japan: Analyst - Japanese Interest Rate Derivatives LLR Equity Partners, Philadelphia, PA: Private Equity Analyst LLR Partners, Philadelphia, PA: Analyst Macquarie Bank, New York, NY: Title Not Provided Macquarie Securities, New York, NY: Analyst Marakon Associates, New York, NY: Associate Consultant Marakon Associates, New York, NY: Associate Consultant McKinsey & Company, Boston, MA: Business Analyst McKinsey & Company, Chicago, IL: Business Analyst McKinsey & Company, Florham Park, NJ: Business Analyst McKinsey & Company, New York, NY: Analyst McKinsey & Company, New York, NY: Business Analyst McKinsey & Company, New York, NY: Business Analyst Mercer Management Consulting, Chicago, IL: Analyst Mercer Oliver Wyman, New York, NY: Consultant Merrill Lynch, New York, NY: Analyst Merrill Lynch, New York, NY: Analyst Merrill Lynch, New York, NY: Analyst Merrill Lynch, New York, NY: Analyst Merrill Lynch, New York, NY: Analyst Merrill Lynch, New York, NY: Analyst Merrill Lynch, New York, NY: Financial Analyst Merrill Lynch, New York, NY: Financial Analyst Merrill Lynch, New York, NY: Trading Analyst Microsoft, Redmond, WA: Associate Financial Analyst Microsoft, Seattle, WA: Marketing Manager Morgan Stanley, Los Angeles, CA: Analyst Morgan Stanley, New York, NY: Title Not Provided Morgan Stanley, New York, NY: Analyst Morgan Stanley, New York, NY: Analyst Morgan Stanley, New York, NY: Analyst Morgan Stanley, New York, NY: Analyst Morgan Stanley, New York, NY: Analyst Morgan Stanley, New York, NY: Analyst Morgan Stanley, New York, NY: Analyst Morgan Stanley, New York, NY: Analyst Morgan Stanley, New York, NY: Fixed Income Analyst National Economic Research Associates, New York, NY: Research Analyst PricewaterhouseCoopers, New York, NY: Associate PRTM, New York, NY: Consultant Prudential Financial, Newark, NJ: Investment Management Analyst Rothschild Inc., New York, NY: Analyst Rothschild, New York, NY: Analyst Rothschild, New York, NY: Analyst Sagent Advisors, New York, NY: Analyst School Bloc Marketing, Norwich, CT: President and Founder Seale & Associates, Washington, DC: Intern Nicolaus & Co., Philadelphia, PA: Analyst The Blackstone Group, New York, NY: Analyst The Blackstone Group, New York, NY: Analyst The Blackstone Group, New York, NY: Analyst The Blackstone Group, New York, NY: Analyst The Blackstone Group, New York, NY: Analyst The Freight Exchange, Philadelphia, PA: Founder The Monitor Group, New York, NY: Analyst The Walt Disney Company, Burbank, CA: Analyst Trust Company of the West, Los Angeles, CA: Research Analyst UBS, Hong Kong: Analyst UBS, New York, NY: Analyst UBS, New York, NY: Analyst UBS, New York, NY: Analyst UBS, New York, NY: Analyst UBS, New York, NY: Analyst UBS, New York, NY: Analyst UBS, New York, NY: Client Advisor UBS, San Francisco, CA: Analyst UBS, Stamford, CT: Graduate Training Program Universal Pictures, Universal City, CA: Strategic Planning Analyst Wachovia Investment Bank, Charlotte, NC: Analyst Wellington Management, Boston, MA: Equity Research Associate Wellington Management, Boston, MA: Research Associate Zimmer Lucas Partners, New York, NY: Analyst Finance / Legal Studies and Business Ethics Bear Stearns, New York, NY: Analyst Finance / Management Bear Stearns, New York, NY: Analyst Citadel Investment Group, Chicago, IL: Investment and Trading Analyst Ernst and Young, New York, NY: Consultant Marakon Associates, New York, NY: Associate Consultant UBS, New York, NY: Analyst Finance / Marketing Gerson Lehrman Group, New York, NY: Finance Associate Mercer Oliver Wyman, New York, NY: Consultant Morgan Stanley, New York, NY: Analyst Finance / Operations and Information Management Bank of America, New York, NY: Research Analyst Citigroup, New York, NY: Analyst Goldman Sachs, New York, NY: Analyst Lehman Brothers, Houston, TX: Investment Banking Analyst Steven G. Blum and Associates, Swarthmore, PA: Director of Operations Finance / Real Estate Raymond James & Associates, Tampa, FL: Equity Research Associate SL Green Realty Corp., New York, NY: Analyst Finance / Statistics Putnam Lovell NBF Securities, New York, NY: Analyst Global Analysis / Management BlackRock, New York, NY: Analyst Health Care Management & Policy L.E.K. Consulting, Boston, MA: Associate Individualized Concentration Partners, San Francisco, CA: Analyst Insurance & Risk Management Investment Boutique, Dubai, United Arab Emirates: Analyst Legal Studies and Business Ethics / Operations and Information Management Thorogood Associates, Princeton, NJ: Associate Management Applied Predictive Technologies, Arlington, VA: Business Consultant Arthur D Little, New York, NY: Business Analyst Bear Stearns, New York, NY: Research Analyst Ben Franklin Technology Partners, Philadelphia, PA: Analyst Bloomberg, New York, NY: Title Not Provided Boston Consulting Group, Boston, MA: Associate Citigroup Private Bank, New York, NY: Analyst Citigroup, New York, NY: Analyst Deloitte & Touche, Irving, TX: Analyst Google, Mountain View, CA: Associate Product Marketing Manager GPX Enterprises, Philadelphia, PA: Analyst Lehman Brothers, New York, NY: Analyst McKinsey & Company, Cleveland, OH: Business Analyst McKinsey & Company, Miami, FL: Business Analyst Mercer Management Consulting, New York, NY: Analyst Merrill Lynch, Hopewell, NJ: Human Resources Analyst Merrill Lynch, New York, NY: Analyst Metropolitan Life Insurance Company of NY (MetLife), Long Island City, NY: Analyst MMG Partners, New York, NY: Analyst PricewaterhouseCoopers, New York, NY: Associate San Antonio Spurs, San Antonio, TX: Basketball Operations Intern Sony BMG, New York, NY: Global Management Rotation The Innovention Group, Philadelphia, PA: Principal Towers Perrin, Philadelphia, PA: Title Not Provided UBS, New York, NY: Junior Client Advisor W.R. Huff Asset Management, Morristown, NJ: Analyst Management / Marketing American Express, New York, NY: Analyst American Express, New York, NY: Marketing Analyst Buck Consultants, New York, NY: Associate Consultant Federated Department Stores, Cincinnati, OH: Executive Trainee MBI, Norwalk, CT: Assistant Product Manager Microsoft, Redmond, WA: Associate Financial Analyst Steve & Barry's University Sportswear, Port Washington, NY: Title Not Provided Management / Real Estate Lehman Brothers, New York, NY: Analyst Woolbright Development, Boca Raton, FL: Acquisitions Analyst Marketing American Express, New York, NY: Analyst American Express, New York, NY: Associate American Express, New York, NY: Marketing Analyst Bloomingdales, New York, NY: Internship Boston Consulting Group, New York, NY: Associate Cbr Systems, San Bruno, CA: Analyst Citigroup Corporate and Investment Bank, New York, NY: Analyst Citigroup, New York, NY: Analyst comScore Networks, New York, NY: Client Service Analyst comScore Networks, Reston, VA: Client Service Analyst Fairmount Partners, Conshohocken, PA: Analyst GAP Inc., San Francisco, CA: Retail Management Program Trainee General Mills, Dresher, PA: Business Management Associate Google, Mountain View, CA: Adwords Coordinator IBM, Boston, MA: Consultant IBM, New York, NY: Consultant L'Oreal, New York, NY: Management Trainee Macy's Merchandising Group, New York, NY: Product Assistant Macy's Merchandising Group, New York, NY: Product Assistant Mercer Management Consulting, New York, NY: Analyst Ogilvy & Mather, New York, NY: Associate PepsiCo, Chicago, IL: Marketing Associate PepsiCo, Purchase, NY: Marketing Analyst Polo Ralph Lauren, New York, NY: Executive Trainee SRO Consultants, Los Angeles, CA: Consultant/Tour Accountant Marketing / Operations and Information Management Monitor Group, Boston, MA: Consultant Marketing and Communication Kraft Foods, Inc., Tarrytown, NY: Brand Assistant Operations and Information Management Bear Stearns, New York, NY: First Year Analyst Boston Consulting Group, New York, NY: Associate Citigroup Corporate and Investment Bank, New York, NY: Analyst First Equity Card Corporation, North Wales, PA: Operations Analyst JPMorgan Chase, New York, NY: Management Services Analyst Mercer Management Consulting, New York, NY: Analyst Morgan Stanley, New York, NY: Title Not Provided PricewaterhouseCoopers, New York, NY: Associate UBS, Philadelphia, PA: Financial Analyst Real Estate Amerimar Enterprise, New York, NY: Analyst Bear Stearns, New York, NY: Analyst Bear Stearns, New York, NY: Analyst Capital Trust, New York, NY: Analyst Capmark, Horsham, PA: Title Not Provided Credit Suisse, New York, NY: Analyst Credit Suisse, New York, NY: Analyst DLF, New Delhi, India: Title Not Provided Exeter Property Group, Plymouth Meeting, PA: Analyst Goldman Sachs, New York, NY: Financial Analyst Houlihan Lokey Howard & Zukin, Los Angeles, CA: Financial Analyst Thackeray Partners, Dallas, TX: Title Not Provided The Blackstone Group, New York, NY: Analyst The Dermot Company, New York, NY: Development Analyst Transwestern Investment Company, Chicago, IL: Associate Urdang Capital Management, Plymouth Meeting, PA: Analyst

Dual Wharton and College of Arts & Sciences Students

Accounting / Finance / International Studies and Business The Blackstone Group, New York, NY: Analyst Accounting / Finance / Political Science Citigroup, New York, NY: Analyst Accounting / International Relations Lazard Freres, San Francisco, CA: Analyst Business and Public Policy / International Studies and Business Bain & Company, San Francisco, CA: Associate Consultant McKinsey & Company, Washington, DC: Business Analyst Pilcher Construction, Casper, WY: Accountant Business and Public Policy / Political Science UBS, New York, NY: Analyst Finance / Biological Basis of Behavior CIBC, Los Angeles, CA: Analyst Finance / Biology Accenture, Reston, VA: Business Analyst Citigroup, New York, NY: Title Not Provided Finance / Cinema Studies Morgan Stanley, New York, NY: Analyst

Finance / Communication Citigroup, London, United Kingdom: Analyst TC Capital, Singapore: Title Not Provided Finance / East Asian Languages and Civilizations / History / International Studies and Business Pzena Investment Management, New York, NY: Research Analyst Finance / Economics Citigroup, New York, NY: Analyst Goldman Sachs, New York, NY: Analyst Mercer Oliver Wyman, New York, NY: Consultant Merrill Lynch, New York, NY: Analyst Finance / French Studies / International Studies and Business BlackRock, New York, NY: Analyst Finance / Hispanic Studies Sagent Advisors, New York, NY: Analyst

Finance / History Accenture, Boston, MA: Business Analyst Monitor Group, Cambridge, MA: Consultant Finance / International Relations Goldman Sachs, Location Not Provided: Financial Analyst Finance / International Studies and Business A.T. Kearney, New York, NY: Business Analyst A.T. Kearney, New York, NY: Business Analyst American Express, New York, NY: Analyst Compass Advisors LLP, New York, NY: Analyst Credit Suisse, New York, NY: Financial Analyst JPMorgan Chase, New York, NY: Analyst JPMorgan, New York, NY: Investment Banking Analyst Lehman Brothers, Hong Kong: Sales Trading Lehman Brothers, New York, NY: Sales and Trading Analyst McKinsey & Company, New York, NY: Business Analyst McKinsey & Company, New York, NY: Business Analyst Mercer Oliver Wyman, New York, NY: Consultant Monetary Authority of Singapore, Singapore: Title Not Provided Morgan Stanley, New York, NY: Title Not Provided Morgan Stanley, New York, NY: Analyst UBS, New York, NY: Title Not Provided UBS, New York, NY: Junior Associate Urdang Securities Management, Plymouth Meeting, PA: Analyst Finance / Management / East Asian Languages and Civilizations Thomas Weisel Partners, San Francisco, CA: First Year Analyst Finance / Mathematics Citigroup, New York, NY: Analyst Finance / Philosophy, Politics & Economics Credit Suisse, New York, NY: Analyst Finance / Political Science JPMorgan, New York, NY: Analyst Merrill Lynch, Hong Kong: Analyst Morgan Stanley, Hong Kong: Analyst Finance / Psychology Evercore Partners, New York, NY: Analyst KKR Financial, San Francisco, CA: Investment Analyst Monitor Group, Cambridge, MA: Consultant Management / History MMG Partners, New York, NY: Business Analyst Rosetta Marketing, New York, NY: Associate Management / Philosophy Macquarie Securities, New York, NY: Business Analyst Marketing / International Studies and Business American Express, New York, NY: Analyst Marketing / Philosophy, Politics & Economics Lehman Brothers, New York, NY: Capital Markets Analyst Operations and Information Management / English Singapore Armed Forces, Singapore: Officer Operations and Information Management / International Studies and Business Deloitte Consulting, New York, NY: Associate Real Estate / History Deutsche Bank, New York, NY: Analyst Real Estate / International Studies and Business Tischman Speyer, New York, NY: Analyst Statistics / Mathematics Bank of America, New York, NY: Analyst

Dual Wharton and Engineering Students

Actuarial Science / Systems Science & Engineering AC Nielsen BASES, Westport, CT: Analyst Business and Public Policy / Bioengineering Teach For America, Chicago, IL: Title Not Provided Entrepreneurship / Finance / Applied Science - Computer Science McKinsey & Company, Florham Park, NJ: Business Analyst Finance / Applied Science - Biomedical Science Bank of America, Charlotte, NC: Analyst Goldman Sachs, New York, NY: Analyst JPMorgan Chase, New York, NY: Analyst Finance / Chemical and Biomolecular Engineering Consolidated Trading LLC, Chicago, IL: Title Not Provided UBS, New York, NY: Analyst Finance / Computer & Telecommunications Engineering Boston Consulting Group, Los Angeles, CA: Title Not Provided Finance / Computer Science & Engineering AQR Capital, Greenwich, CT: Research Analyst Goldman Sachs, New York, NY: Analyst Goldman Sachs, New York, NY: Title Not Provided Lehman Brothers, New York, NY: Analyst McKinsey & Company, Philadelphia, PA: Analyst Morgan Stanley, Menlo Park, CA: Analyst Tradeworx, Red Bank, NJ: Assistant Vice President

Finance / Digital Media Design Monitor110, New York, NY: Title Not Provided Finance / Electrical and Systems Engineering Lehman Brothers, New York, NY: Analyst AQR Capital Management, Greenwich, CT: Analyst Citigroup, New York, NY: Quantitative Analyst JPMorgan Chase, New York, NY: Research Analyst Lehman Brothers, New York, NY: Analyst Mercer Oliver Wyman, New York, NY: Consultant Royal Bank of Scotland, New York, NY: Analyst Finance / Individualized Major Aksia Research & Management, New York, NY: Analyst Bain & Company, New York, NY: Associate Consultant Deutsche Bank, New York, NY: Analyst Evercore Partners, New York, NY: Analyst Goldman Sachs, New York, NY: Analyst Goldman Sachs, New York, NY: Analyst Goldman Sachs, New York, NY: Financial Analyst Insight Venture Partners, New York, NY: Analyst Jefferies & Company, New York, NY: Investment Banking Analyst Lazard Freres, New York, NY: Analyst Lehman Brothers, New York, NY: Analyst Morgan Stanley, New York, NY: Junior Research Associate Pzena Investment Management, New York, NY: Research Analyst United States Patent and Trademark Office, Alexandria, VA: Patent Examiner Finance / Management / Applied Science - Computer Science Microsoft, Redmond, WA: Software Design Engineer in Test Finance / Management / Computer Science & Engineering AQR Capital, Greenwich, CT: Analyst Finance / Management / Individualized Major Microsoft, Redmond, WA: Program Manager Finance / Materials Science & Engineering McKinsey & Company, New York, NY: Business Analyst Morgan Stanley, New York, NY: Analyst Finance / Mechanical Engineering & Applied Mechanics Morgan Stanley, New York, NY: Associate Finance / Operations and Information Management / Systems Engineering Credit Suisse, San Francisco, CA: Investment Banking Analyst Finance / Systems Engineering Lehman Brothers, New York, NY: Analyst Health Care Management & Policy / Bioengineering Mercer Oliver Wyman, New York, NY: Consultant ZS Associates, Princeton, NJ: Operations Research Analyst Management / Applied Science - Biomedical Science Two River Group Holdings, LLC, New York, NY: Title Not Provided Management / Electrical and Systems Engineering UBS, Stamford, CT: Graduate Training Program Management / Materials Science & Engineering Boston Consulting Group, New York, NY: Associate Management / Mechanical Engineering & Applied Mechanics IBM Global Business Services, Fairfax, VA: Title Not Provided McKinsey & Company, New York, NY: Business Analyst Operations and Information Management / Computer Science & Engineering Morgan Stanley, New York, NY: IT Analyst Operations and Information Management / Systems Engineering Boston Consulting Group, New York, NY: Associate Goldman Sachs, New York, NY: Analyst Statistics / Applied Science - Biomedical Science Government of Singapore Investment Corporation, Singapore: Investment Officer

Dual Wharton and Nursing Students

Health Care Management & Policy / Nursing SG2, Chicago, IL: Analyst

Graduate Study Responses

Full-Time Graduate Study Pursuits by Undergraduate Concentration/Major

Business & Public Policy University of Chicago JD Law

Finance University of Pennsylvania MBA Strategic Management Princeton University MFin Finance

Finance / Bioengineering Stanford University Ph.D. Mechanical Engineering

Finance / Healthcare Management & Policy University of Virginia MD Medicine

Finance / Individualized Major Columbia University MSE Financial Engineering

Finance / Materials Science & Engineering University of Pennsylvania Ph.D. Accounting

Healthcare Management & Policy / Biology State University of New York (SUNY) MD Medicine

Healthcare Management & Policy / Finance / Nursing Robert Wood Johnson Medical School MD Medicine

Management Stony Brook University MPP Public Policy Hofstra University M.S.Ed. Secondary Business Education

Marketing and Communication University of Texas – Austin JD Law

Marketing / Business & Public Policy Loyola University – Chicago JD Law