University of Pennsylvania College of Arts and Sciences Summer 2015 Survey Report Prepared in February 2016 by Alina Ispas, Heather Tranen, and Makena Finger Section Page Snapshot of Summer 2015 Survey 2 Primary Summer Experiences 3 Overall Salary Information 3 Salaries Over the Years by Class 4 Industry Breakdown 5 Salary by Industry 6 Job Type (Work Activities) Breakdown 7 Salary by Job Type 8-9 Method of Internship Search 9-10 Timing of Internship Search 11 Where International Students Worked 11-12 Summer Abroad Activities 12-13 SUMMER 2015 SURVEY REPORT – COLLEGE OF ARTS AND SCIENCES 1 University of Pennsylvania College of Arts and Sciences Summer 2015 Survey Report Prepared in March 2016 Career Services surveyed Penn undergraduates to gather information about their experiences over the summer. Student responses were collected using an online survey during the Fall of 2015. This report summarizes the responses from rising sophomores, juniors and seniors in the College of Arts and Sciences during the summer of 2015. A total of 1,638 students – 490 rising seniors, 534 rising juniors, and 614 rising sophomores - completed the survey. Respondents included students pursuing dual degrees with Wharton (82), Engineering (17) and Nursing (2). Overall Highlights Summer 2015 Summer 2014 Summer 2013 Summer 2012 Summer surveys 1,638 1,744 1,215 2,070 completed by CAS students Internship search: most Applied Directly Applied Directly Applied Directly Applied Directly successful method of getting internship offer Offer date: students who 70% 69% 77% 73% found internship by the end of April Top employer (students University of University of University of University of hired) Pennsylvania (205) Pennsylvania Pennsylvania Pennsylvania (111) (75) (199) Interned Abroad: out of 11% 9% 14% 12% students who listed work as their primary activity abroad Geographic Distribution: Pennsylvania (440) Pennsylvania Pennsylvania Pennsylvania States with the most (281) (298) interns New York (252) New York (203) New York (245) New York California (90) California (55) California (54) California District of Columbia (54) Among Rising Seniors Summer 2015 Summer 2014 Summer 2013 Summer 2012 Response Rate 100% 37% 30% 49% Paid Position (Full-time or Part-time) 81% 73% 72% 64% Average Monthly Salary (Full-time) $3,123 / month $2,995 / month $3,120 / month $3,054 / month Top Hiring Industries Finance Finance Finance Finance Nonprofit Education Communications Education Technology Nonprofit Nonprofit Nonprofit Consulting SUMMER 2015 SURVEY REPORT – COLLEGE OF ARTS AND SCIENCES 2 Primary Summer Experiences and Salary Information Overall Primary Summer Experiences & Salary Seniors Work Part Independent Independent Completed Work Part Completed Research Time, Research Classes Time, Unpaid Classes 2% Unpaid 2% 7% 7% 5% 8% Traveled Traveled Work Part 1% <1% Time, Paid Work Part Other 14% Time, Paid Other 3% 11% 2% Work Full Work Full Time, Unpaid Time, 14% Unpaid 11% Work Full Time, Work Full Time, Paid Paid 62% 51% Average # Range of Average # Range of Time Time Monthly Reporting Monthly Monthly Reporting Monthly Commitment Commitment Salary Salary Salary Salary Salary Salary Full-time $130 - Full-time $250 - $2,528 617 $3,556 237 (35+ hrs/wk) $20,000 (35+ hrs/wk) $20,000 $150 - $100 - Part Time $1,075 35 Part-time $874 159 $5,000 $5,000 Juniors Sophomores Work Part Independent Completed Time, Completed Research Work Part Classes Independent Unpaid Classes 3% Time, Unpaid 12% Work Part Research 8% 7% 8% Traveled Time, Paid 1% 1% 18% Work Part Traveled Other Time, Paid 3% 12% 2% Other Work Full 4% Time, Unpaid Work Full 17% Work Full Time, Unpaid Work Full Time, Time, Paid 13% Paid 41% 50% Average # Range of Average # Range of Time Time Monthly Reporting Monthly Monthly Reporting Monthly Commitment Commitment Salary Salary Salary Salary Salary Salary Full Time $197 - Full Time $130 - $2,055 197 $1,710 182 (35+ hrs/wk) $11,500 (35+ hrs/wk) $18,000 $170 - $100 - Part Time $815 44 Part Time $819 80 $2,500 $3,675 SUMMER 2015 SURVEY REPORT – COLLEGE OF ARTS AND SCIENCES 3 Industries Hiring College Students Rising Seniors Rising Juniors Accounting Technology 1% Manufacturing 9% Accounting 3% <1% Other Other 3% Technology 3% 15% Communications Legal Services Manufacturing 15% 1% 4% Insurance Communications Consulting 1% 16% Legal Consulting 4% Services 12% Design 1% Healthcare 1% Design Healthcare 15% Insurance 1% 15% <1% Education 25% Education Government 37% 10% Government 9% Rising Sophomores Top Internship Employers Transportation <1% The following organizations hired X or more Technology Communications CAS students during Summer 2015: Manufacturing 5% 10% 4% Consulting Legal Services 3% Design # of 2% Other 5% 1% Employer Students Insurance University of Pennsylvania 205 1% Children's Hospital of Philadelphia 27 University of Pennsylvania Healthcare 17% Health System 24 Education Goldman Sachs 11 44% Morgan Stanley 10 J.P. Morgan 9 Citigroup 8 Government Boston Consulting Group 7 7% Hospital of the University of Pennsylvania 6 Mastercard 5 SUMMER 2015 SURVEY REPORT – COLLEGE OF ARTS AND SCIENCES 4 Salary by Job Type *Salary statistics are not released for industries where fewer than 3 students reported full time salaries. Average Monthly # Reporting Range of Monthly Industry Salary Salary Salary Accounting $2,668 3 $1,344 - $3,660 Communications: Advertising/Public $2,621 12 $600 - $18,000 Relations Communications: Media/Entertainment $1,338 42 $100 - $4,480 Communications: Publishing/Printing $1,487 8 $280 - $2,800 Consulting $3,410 32 $469 - $6,000 Design $1,644 5 $440 - $2,400 Education: Elementary/Secondary Education $1,497 10 $500 - $3,000 Education: For Profit Education $1,505 7 $150 - $2,400 Education: Higher Education $1,286 101 $300 - $3,250 Education: Research Labs/Centers - Higher $1,310 71 $180 - $3,000 Education Energy/Natural Resources/Utilities $2,134 10 $400 - $3,500 Financial Services $4,767 126 $162 - $20,000 Government: Federal Government $2,361 8 $850 - $4,000 Government: Local Government $1,433 15 $680 - $2,200 Healthcare: For-Profit/Private Health Care $1,120 5 $572 - $2,000 Center Healthcare: Health Maintenance $823 4 $190 - $1,600 Organization Healthcare: Hospital $1,492 60 $170 - $4,500 Hospitality/Leisure/Sports $1,153 59 $175 - $2,500 Insurance $2,033 6 $1,600 - $2,400 Legal Services $1,779 8 $1,100 - $3,000 Manufacturing: Biomedical $2,668 15 $840 - $4,000 Products/Pharmaceuticals Non-Profit: Cultural Institutions/Arts & $886 8 $160 - $1,650 Cultures Non-Profit: Public Interest/Advocacy $1,049 21 $280 - $2,000 Non-Profit: Social Services $1,190 10 $300 - $2,500 Other $1,178 20 $200 - $3,760 Real Estate/Construction $2,196 11 $1,200 - $4,800 Retail/Wholesale $1,453 25 $200 - $5,000 Technology $3,040 59 $111 - $8,000 SUMMER 2015 SURVEY REPORT – COLLEGE OF ARTS AND SCIENCES 5 Job Types / Work Activities (All Class Years) Architecture <1% Arts and Culture Real Estate Accounting 3% 1% <1% Communications Nursing 8% <1% Scientific Consulting Nonprofit / Research 5% Social Services 11% 9% Economics 1% Mathematics <1% Education Marketing 12% 8% Energy / Environment Management Finance 1% 6% 13% Healthcare Engineering Law 10% 1% 2% Insurance Information <1% Technology Government 4% 3% Job Duties SUMMER 2015 SURVEY REPORT – COLLEGE OF ARTS AND SCIENCES 6 Salary by Job Type (Work Activities) *Excludes job types with < 3 students working full-time and reporting salaries. Range of Monthly Industry Average Monthly Salary # Reporting Salary Salary Accounting: Internal Accounting $1,877 5 $836 - $3,200 Arts and Culture: Administration $683 4 $160 - $1,330 Arts and Culture: Graphics / Design $2,820 4 $600 - $8,000 Arts and Culture: Research $1,080 3 $540 - $2,100 Communications: Advertising/Account Management $1,140 15 $111 - $3,000 Communications: Editing $970 4 $280 - $2,400 Communications: Journalism/Other Writing $1,183 12 $100 - $2,000 Communications: Production $979 9 $240 - $2,500 Communications: Public Relations $1,500 9 $336 - $3,780 Consulting: Management/Strategy $3,658 21 $469 - $6,000 Consulting: Research $2,750 17 $1,200 - $6,000 Economics: Economic Research/Econometrics $1,356 6 $197 - $3,040 Education: Administration $1,164 13 $600 - $2,400 Education: Research $1,349 52 $300 - $4,500 Education: Teaching $1,319 19 $516 - $3,250 Education: Testing/Evaluation $757 3 $150 - $1,520 Engineering: Design $4,375 4 $2,000 - $8,000 Engineering: Research and Development $2,213 8 $1,400 - $4,000 Finance: Compliance $5,046 4 $3,700 - $7,083 Finance: Financial Planning and Analysis $3,174 13 $400 - $6,480 Finance: Investment Banking Analysis $6,642 39 $1,200 - $20,000 Finance: Investment Management/Counsel $3,165 22 $330 - $8,000 Finance: Private Equity Analyst $3,640 4 $1,600 - $6,700 Finance: Risk Management $3,449 4 $3,000 - $4,000 Finance: Sales $3,035 4 $500 - $5,400 Finance: Securities Research Analyst $4,698 9 $1,500 - $10,000 Finance: Trading $5,802 11 $300 - $10,200 Finance: Venture Capital Analyst $3,438 4 $250 - $6,000 Government: Policy Research/Analysis $1,713 7 $920 - $2,200 Healthcare: Clinical Research $1,470 49 $200 - $4,150 Healthcare: Health Care Policy/Management $1,337 6 $220 - $2,400 Healthcare: Hospital/HMO Administration $1,550 4 $720 - $2,080 Healthcare: Other Clinical - Non-Nursing $1,114 7 $190 - $2,000 Hospitality/Leisure/Recreation/Sports: Camp Counselor $1,142 26 $400 - $2,400 Hospitality/Leisure/Recreation/Sports: Lifeguard $1,085 6 $450 - $1,600 Hospitality/Leisure/Recreation/Sports: Restaurant Worker $812 17 $175 - $2,500