UNIVERSITY OF PENNSYLVANIA Undergraduate Class of 2020 Post-Graduation Industry Report Consulting Marketing/Advertising/ Healthcare/Life Sciences | Management Consulting | Public Relations Non-Profit/Government Media/Journalism/Entertainment Education Nonprofit Elementary/Secondary Education | Higher Education (including Cultural Institutions/Arts and Cultural Affairs | Research Labs) | Other Public Interest/Advocacy | Social Services Engineering/Manufacturing Pharmaceuticals/Biotechnology Aerospace | Computer Products - Hardware | Electronics/Robotics | Engineering | Manufacturing Real Estate/Construction Financial Services Technology Diversified Financial Services | Hedge Fund | Investment Banking/Brokerage | Investment Management/Counsel | Salaries by Industry Private Equity | Venture Capital Salaries by Job Function Government Federal Government | State/Local Government | Other Signing Bonuses by Industry Healthcare Signing Bonuses by Job Function Community/Public Health Center | Health Maintenance Organization | Hospital | Nursing Home/Long Term Care Facility | Private Practice Methodology Career Services at the University of Pennsylvania annually surveys students about their plans for up to six months following graduation. Of the 2,648 undergraduates who received their degrees from August 2019–May 2020, this report looks at 1,345 who were working full- time within six months of their graduation (74% of the 2,012 total known outcomes, or 56% of the total graduating class), and groups employers by industry in order to look at trends in hiring timelines, offer methods, job titles, salaries, and bonuses. Given the pandemic, we have also included data from the Class of 2019 to provide context for hiring timelines that were impacted in spring of 2020. We also acknowledge that some offers may have been delayed or rescinded after our data collection was completed. 1 2020 POST-GRADUATION INDUSTRY REPORT Consulting Median Starting Salary When They Received Their Offer $85,000 responses: 204 (2020) | 183 (2019) 71 Median Signing Bonus – $5,000 60 87% received their 2020 offers before December. 2019 25 59 15 42 6 5 6 12 6 4 7 6 2 3 3 2 4 18 14 3 4 1 1 2 4 Jul or Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep or Earlier Later Fall Before Graduation Spring/Summer of Graduation How They Heard About the Job Functions 282 responses Opportunity 187 responses Consulting: Management/Strategy 80% On Campus Interviewing (OCI) 51% Consulting: Research 6% Previous Employer (through OCI) 18% Consulting: Technology 3% Other Career Services Resources 13% Data Analytics: Data Analytics 2% 89% were working Applied Directly 10% Data Analytics: Data Science in a consulting role. 2% Contacts Outside of Penn 3% Software Development/Engineering 1% Previous Employer (Non-OCI) 3% Business Development 1% Contacts at Penn 2% Research: Other 1% Other 1% Finance: Private Equity 1% Human Resources 1% Sales 0.4% Industry Breakdown Public Relations 0.4% 291 responses Marketing Non-Profit/ 0.4% Government, 4% Market Research 0.4% Healthcare/ Life Sciences, 12% Writing: Journalism/Other Writing 0.4% Entrepreneur/Founder 0.4% Other, 15% Administration 0.4% Management Consulting, 69% Clinical Other - Non-Nursing 0.4% Advertising/Media Planning 0.4% Finance: Financial Planning & Analysis 0.4% 2 2020 POST-GRADUATION INDUSTRY REPORT Consulting Salary by Industry Reporting Median Range Consulting 203 $85,000 $38,000 $156,000 Healthcare/Life Sciences 24 $76,250 $50,000 $85,000 Management Consulting 140 $90,000 $46,400 $156,000 Non-Profit/Government 8 $62,200 $38,000 $76,000 Other 31 $75,000 $50,000 $88,000 *Fewer than 3 reported salaries not published to maintain confidentiality. *Stipends less than $20,000 not reported. Employers & Job Titles AArete, Analyst Bain & Company, Associate Consultant (28) Celegence, LLC, Sales and Marketing Accenture, Analyst Ballast Research, Media Fellow Associate Accenture, Analyst (Management Bates White Economic Consulting, Censeo Consulting Group, Business Analyst Consulting) (5) Consultant (2) Charles River Associates, Analyst Accenture, Associate Consultant Bates White Economic Consulting, Clarion, Associate Consultant Accenture, Consulting Analyst (6) Consultant 1 ClearView Healthcare Partners, Accenture, Management Analyst Berkeley Research Group, Associate Analyst (4) Accenture, Management Consultant Berkeley Research Group, Corporate ClearView Healthcare Partners, Analyst Accenture, Strategy Analyst (8) Finance Associate (Management Consulting) (3) Accenture, Summer Strategy Analyst Blackstone Consulting, Business Analyst ClearView Healthcare Partners, Life Activate Consulting, Business Analyst BluePrint Research Group, Associate (2) Sciences Strategy Analyst Alpha Financial Markets Consulting, Booz Allen Hamilton, Health Operations ClearView Healthcare Partners, Title Not Analyst (Management Consulting) Consultant Provided (3) Alvarez & Marsal, LLC, Analyst Booz Allen Hamilton, Healthcare Consultant Collaborative Solutions, LLC, Associate Alvarez & Marsal, LLC, Analyst, Private Boston Consulting Group (BCG), AI Consultant Equity Services Software Engineer Compass Lexecon, Analyst (Management Alvarez & Marsal, LLC, Financial Analyst Boston Consulting Group (BCG), Consulting) Alvarez & Marsal, LLC, Private Equity Associate (22) Compass Lexecon, Analyst, Finance & Performance Improvement Analyst (2) Boston Consulting Group (BCG), Associate Securities Analysis Group, Inc., Analyst Consultant (6) Compass Lexecon, Consultant Analysis Group, Inc., Analyst (Management Boston Consulting Group (BCG), Cornerstone Research, Analyst Consulting) Consulting Business Associate (7) (Management Consulting) (2) Analysis Group, Inc., Healthcare Strategy Boston Consulting Group (BCG), Cornerstone Research, Economic Research Analyst Management Consultant Analyst Aon, Account Specialist I (PSG) Boston Consulting Group (BCG) - Crossix Solutions, Inc., Marketing Data Ares Management Corporation, Private GAMMA, AI Software Engineer Analyst Equity Analyst Capco, Associate Consultant Deloitte, Analyst Ashmore Consulting, Grant Writer CBPartners, Analyst Deloitte, Business Analyst (4) Avascent, Analyst (2) 3 2020 POST-GRADUATION INDUSTRY REPORT Consulting Employers & Job Titles (continued) Deloitte, Business Technology Analyst IBM, Sales PricewaterhouseCoopers (PwC), Risk Deloitte, Consulting Analyst IBM, Title Not Provided Consulting Associate Deloitte, Enterprise Tech Transformation Impetus Consulting Group, Consultant PricewaterhouseCoopers (PwC), Analyst IQVIA, Analyst Technology Consultant (2) Deloitte, Human Capital Business Analyst (2) IQVIA, Associate Prophet, Associate Deloitte, Strategy & Operations Business Kearney, Business Analyst (3) Public Consulting Group, Contact Tracer Analyst L.E.K. Consulting, Associate Putnam Associates, Associate Consultant (4) Deloitte, Strategy Analyst Mars & Co., Associate Consultant PwC - Strategy&, Associate (2) Deloitte, Title Not Provided Marwood Group, Strategy Analyst PwC - Strategy&, Business Analyst Emerton LLC, Associate Consultant MAXIMUS, Operations Analyst Queue Solutions LLC, CEO End-to-End Analytics, Associate (2) McKinsey & Company, Analyst Renaissance Strategic Advisors, Analyst EY, Associate Consultant (Management Consulting) Rising Tide Interactive, Associate Media EY, Business Associate McKinsey & Company, Business Planner EY, Strategy and Operations Consultant Analyst (27) RSM US LLP, Cybersecurity Consultant EY-Parthenon, Associate McKinsey & Company, Business Analyst Sard Verbinnen & Co, Junior Associate EY-Parthenon, associate consultant McKinsey & Company, Risk Advanced Savo Project Developers, Analyst EY-Parthenon, consultant Analytics Fellow Sethi Clarity Advisers, Quantitative EY-Parthenon, M&A Strategy Consultant MediaLink, Analyst (Management Consulting) Research Analyst FirstThought, Research Associate Mu Sigma Business Solutions LLC, Junior Simon-Kucher & Partners, Consultant (2) FTI Consulting, Consultant, Data & Analytics Associate Strategic Research Insights, Inc (SRI), FTI Consulting, Data & Analytics Consultant Myers-Holum, Inc., Business Analyst Associate Manager, Market Research FTI Consulting, Data Analyst Myers-Holum, Inc., Technology Analyst Strategy&, Associate FTI Consulting, Forensic and Litigation Naxion, Associate Operations Manager Strategy&, Strategy Consulting Associate Consultant NAXION, Research Analyst Teneo, Consultant Gartner, Research Specialist/Associate NERA Economic Consulting, Analyst Teneo, Management Consultant Gartner, Research specialist Nielsen, HR Emerging Leaders Program The Advisory Board, Analyst (Management GEP, Associate (2) Associate Consulting) GEP, Associate Consultant (2) Novetta, Data Scientist The Bridgespan Group, Associate GLG, Associate, Client Solutions Novetta, Machine Learning Engineer Consultant (2) GRAPH Strategy, Associate Oliver Wyman, Business Consultant (2) The Dedham Group, Analyst Guidehouse, Consulting Oliver Wyman, Consultant (4) Third Bridge Group Limited, Associate Guidepoint, Associate Oliver Wyman, Summer Consultant Third Brigde Group Limited, Associate Health Advances, LLC, Analyst (2) PricewaterhouseCoopers (PwC), Advisory Triage Consulting Group, Analyst HealthScape Advisors, Consultant Tech Consultant Trinity, Associate Consultant (2) Heidrick & Struggles International, Inc, PricewaterhouseCoopers (PwC), Windrose Consulting Group, Analyst Analyst (2) Associate Consultant Windrose Consulting Group, Heidrick & Struggles International, Inc, PricewaterhouseCoopers (PwC), Pharmaceutical Analyst Analyst (Management