Professional Documents
Culture Documents
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.”
$85,000
$80,566
$80,000 $77,566
$76,231
$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%
Consulting opting to pursue graduate
Retail
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
Healthcare
Srvcs. 2016.
4.7%
0.8%
Government
Fewer students entered the
1.2% communications, venture
Hedge Fund
Venture Capital 3.9% capital, consulting and
0.4% insurance industries as
Private Equity compared to the Class of 2016.
5.2% Hospitality /
Leisure /
Investment Mgmt. Sports The average salary increased
4.8% 0.8% by about 4%.
Investment Banking
31.4%
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.
53B Average 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%
3
54B
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.
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.
4
Geographic Distribution of Accepted Offers
514 students reported the location of their jobs. 5.1% accepted jobs outside of the United States.
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
Company Name
5B 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. Amazon 5 22. Deloitte 4
Deutsche Bank 5 PNC 4
Microsoft 5 PwC 4
Moelis & Co. 5 Censeo Consulting Group 4
RBC Capital Markets 5 Lazard 4
The Blackstone Group 5 Deutsche Bank 4
Greenhill & Co. 4
6
SALARIES BY INDUSTRY
Includes the 382 respondents who reported industry and salary figures for full-time positions.
Industry % Respondents Average Salary Salary Range
COMMUNICATIONS (5) 1.3% $56,400 $40,000 – $70,000
Advertising / Public Relations (1) 0.2% * *
Media and Entertainment (4) 1.1% $58,750 $40,000 – $70,000
*
CONSULTING (79) 20.7% $76,174 $30,000 – $90,000
GOVERNMENT (1)
3B 0.2% * *
Federal Government (1) 0.2% * *
HEALTHCARE (2)
6B 0.5% * *
Hospital (2) 0.5% * *
MANUFACTURING (13)
10B 3.4% $72,962 $60,000 – $100,000
Automotive (1) 0.2% * *
Biomedical Products (1) 0.2% * *
Consumer Products (10) 2.6% $71,350 $60,000 – $100,000
Manufacturing: Other (1) 0.2% * *
7
SALARIES BY JOB TYPE
Includes the 382 respondents who reported salary figures and job type for full-time positions.
Job Type
16b % Respondents Average Salary
Salary Range
ACCOUNTING (1) 0.2% * *
Internal Accounting (1) 0.2% * *
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INFO. SYSTEMS/COMP. SCIENCE (15) 3.9% $103,059 $45,882 – $135,000
Program Manager (2) 0.5% * *
Software Developer / Engineer (10) 2.6% $104,488 $45,882 – $135,000
Systems Engineer / Analyst (3) 0.8% $95,000 $70,000 – $135,000
INSURANCE (1)
42B 0.2% * *
Actuarial (1) 0.2% * *
MANAGEMENT (10)
48B 2.6% $62,300 $36,000 – $85,000
Entrepreneur / Founder (1) 0.2% * *
General Management (5) 1.3% $65,800 $36,000 – $85,000
Human Resources (2) 0.5% * *
Operations Management (2) 0.5% * *
MARKETING (41)
49 10.7% $70,263 $32,000 – $100,000
Buyer / Merchandising (4) 1.0% $57,750 $57,000 – $60,000
Marketing Analysis / Research (10) 2.6% $61,800 $50,000 – $85,000
New Business Development (3) 0.8% $73,000 $60,000 – $89,000
Product / Brand Management (18) 4.7% $78,500 $62,000 – $92,000
Sales / Sales Management (4) 1.0% $71,190 $32,000 – $100,000
Social Media (2) 0.5% * *
*Salary statistics are not released for categories representing fewer than three respondents.
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Employment Pursuits by Undergraduate Concentration/Major
Wharton Single Degree Students
Accounting / Finance
AB Bernstein, Research Associate: New York, NY
Asset Manager (Employer Name Not Disclosed), Investment Principal: New York, NY
Blackrock, Internal Audit Analyst: New York, NY
Credit Suisse, Analyst: New York, NY
Credit Suisse, Analyst: Singapore
Credit Suisse, Investment Banking Analyst: New York, NY
Dodge & Cox, Research Associate: San Francisco, CA
Financo, Analyst: New York, NY
Goldman Sachs, Analyst, New York, NY
Goldman Sachs, Investment Banking Analyst: New York, NY
JPMorgan Chase & Co, Investment Banking Analyst: San Francisco, CA
Lazard, Analyst: New York, NY
Millstein & Co., Financial Analyst: New York, NY
Millstein & Co., Investment Banking Analyst: New York, NY
Moelis & Company, Analyst: Los Angeles, CA
Moelis & Company, Investment Banking Analyst: Los Angeles, CA
PJT Partners, M&A Analyst: New York, NY
Point 72 Asset Management, Associate Analyst: New York, NY
US Air Force, Second Lieutenant: Location Not Disclosed
Walt Disney Company, Financial Analyst: Burbank, CA
Accounting / Marketing
Applied Predictive Technologies, Business Consultant: Washington, DC
Actuarial Science
IBM, Consulting by Degrees: New York, NY
Travelers, Actuarial Assistant – Leadership Development Program: Hartford, CT
10
Behavioral Economics / Finance
Morgan Stanley, Analyst: Hong Kong, China
Business Analytics
Lazard, Investment Banking Analyst: New York, NY
Business Economics and Public Policy / Health Care Management and Policy
Renaissance Strategic Advisors, Analyst: Arlington, VA
Finance
AB InBev, Global Management Trainee: St. Louis, MO
Adyen, Software Engineer: Amsterdam, Netherlands
AlixPartners, Analyst: New York, NY
Alliance Bernstein, Rotational Associate: New York, NY
Bain & Company, Associate Consultant: Los Angeles, CA
Bain Capital Credit, Analyst: Boston, MA
Bank of America, Analyst, Financial Sponsors: New York, NY
Bank of America, Analyst: New York, NY
Barclays, Equity Research Junior Analyst: New York, NY
Bridge Investment Group, Analyst: New York, NY
Centerview Partners, Analyst: New York, NY
Central Bank of Malaysia, Analyst: Kuala Lumpur, Malaysia
Citi, Investment Banking Analyst: New York, NY
Citi, Investment Banking Analyst: New York, NY
Credit Suisse, Analyst: New York, NY
Credit Suisse, Investment Banking Analyst: Los Angeles, CA
Dodge & Cox, Research Associate: San Francisco, CA
Evercore, Analyst: Houston, TX
Goldman Sachs, Analyst: New York, NY
Goldman Sachs, Investment Banking Analyst: New York, NY
Goldman Sachs, Securities Division Analyst: New York, NY
Hunt Mortgage Group, Analyst: New York, NY
JGPetrucci Inc., Project Executive: Asbury, NJ
JMI Equity, Analyst: San Diego, CA
11
JPMorgan Chase & Co, Fixed Income Analyst: New York, NY
JPMorgan Chase & Co, Investment Banking Analyst: New York, NY
Kepler Group, Analyst: New York, NY
M. Klein and Co., Investment Banking Analyst: New York, NY
McKinsey & Company, Business Analyst: Tokyo, Japan
Microsoft, Business Development Analyst: Seattle, WA
Moelis & Company, Analyst: New York, NY
Morgan Stanley, Analyst: New York, NY
MUFG, Analyst: New York, NY
Penn Medicine, Research Coordinator: Philadelphia, PA
Perella Weinberg Partners, Investment Banking Analyst: New York, NY
PJT Partners, Analyst: New York, NY
PJT Partners, Investment Banking Analyst: New York, NY
PwC, Associate: New York, NY
RBC Capital Markets, Analyst: New York, NY
RBC Capital Markets, DCM Analyst: New York, NY
RBC Capital Markets, Investment Banking Analyst: San Francisco, CA
Silver Lake, Analyst: Hong Kong, China
Silver Lake, Private Equity Analyst: New York, NY
Starwood Capital Group, Analyst: Greenwich, CT
The JBG Companies, Financial Analyst: Chevy Chase, MD
The Stilwell Group, Research Analyst: New York, NY
Wells Fargo, Analyst: Santa Monica, CA
Wells Fargo, Business Banking Analyst: Philadelphia, PA
Wells Fargo, Credit and Relationship Management Analyst: Philadelphia, PA
Finance / Accounting
PJT Partners, Analyst: New York, NY
Finance / Health Care Management and Policy / Operations, Information and Decisions
Accenture, Consultant: Philadelphia, PA
Finance / Management
Accenture, Strategy Analyst: Chicago, IL
Avascent, Analyst: Washington, DC
Bain & Company, Associate Consultant: New York, NY
Bank of America, Investment Banker: New York, NY
Bank of America, M&A Investment Banking Analyst: New York, NY
Barclays, Analyst: New York, NY
Boston Consulting Group, Associate: New York, NY
Centerview Partners, Investment Banking Analyst: New York, NY
Credit Suisse, Asset Finance Analyst: New York, NY
Deutsche Bank, Investment Banking Analyst: New York, NY
12
Deutsche Bank, Investment Banking Analyst: New York, NY
Goldman Sachs, Investment Banking Analyst: New York, NY
JPMorgan Chase & Co, Analyst: Wilmington, DE
Lazard, Investment Banking Analyst: Minneapolis, MN
McKinsey & Company, Business Analyst: New York, NY
McKinsey & Company, Business Analyst: Summit, NJ
McKinsey & Company, Management Consultant: Dubai, United Arab Emirates
Morgan Stanley, Analyst: New York, NY
Morgan Stanley, Investment Banking Analyst: Hong Kong, China
Nomura, Sales & Trading Analyst: New York, NY
Open Door, Business Operations: San Francisco, CA
Pace Harmon, Analyst: Tysons Corner, VA
Realterm, Analyst: Annapolis, MD
Santander, Financial Analyst: Boston, MA
TD Securities, Analyst: New York, NY
The Blackstone Group, Analyst: New York, NY
WP Carey, Analyst: New York, NY
Finance / Marketing
Blizzard Entertainment, Finance Analyst: Irvine, CA
Bloomingdale's, Analyst: New York, NY
Boston Consulting Group, Associate: New York, NY
Casper, Customer Experience Specialist: New York, NY
Evercore, Investment Banking Analyst: New York, NY
Houlihan Lokey, Financial Analyst: New York, NY
IBM, Digital Strategy Consultant: New York, NY
JPMorgan Chase & Co, Analyst: Miami, FL
Kepler Group, Optimization & Innovation Analyst: New York, NY
Mondelez International, Associate Brand Manager: East Hanover, NJ
Pace Harmon, Analyst: Vienna, VA
Peter J. Solomon Company, Investment Banking Analyst: New York, NY
The Sage Group, LLC, Investment Banking Analyst: New York, NY
Finance / Retailing
Santander, Finance Analyst: Boston, MA
Finance / Statistics
Bridgewater Associates, Technology Associate: Stamford, CT
Citi, Investment Banking Analyst: New York, NY
Cornerstone Research, Analyst: New York, NY
Credit Suisse, Investment Banking Analyst: New York, NY
Credit Suisse, Investment Banking Analyst: San Francisco, CA
Cyrus Capital Partners, Investment Analyst: New York, NY
EY, Associate: San Francisco, CA
IMC Trading, Quantitative Trader: Chicago, IL
Lincoln Financial Group, Quantitative Researcher: Philadelphia, PA
Millstein & Co., Investment Banking Analyst: New York, NY
Morgan Stanley, Analyst: New York, NY
PIMCO, Account Analyst: New York, NY
PJT Partners, Analyst: New York, NY
PJT Partners, Analyst: New York, NY
Quora, Data Scientist: Mountain View, CA
Rubenstein Partners, Acquisitions and Asset Management Analyst: Philadelphia, PA
The Blackstone Group, Analyst: New York, NY
Volant Trading, Quantitative Trader: New York, NY
15
Legal Studies and Business Ethics / Operations, Information and Decisions
United States Government, Analyst: Minneapolis, MN
Management
Bain & Company, Associate Consultant: Chicago, IL
Bloomingdales, Merchant Trainee: New York, NY
Boston Consulting Group, Associate: Dallas, TX
Centersquare Investment Management, Sales Support Analyst: Plymouth Meeting, PA
Centerview Partners, Analyst: New York, NY
Deloitte Consulting, Business Analyst: New York, NY
Eckle Partners, CoFounder: San Francisco, CA
Edget Development, Co-Founder: Philadelphia, PA
Financial Services (Company Not Disclosed), Analyst: Philadelphia, PA
Gilder Gagnon Howe & Co. LLC, Research Analyst Intern: New York, NY
Ivy Brook Logistics, CEO: Minneapolis, MN
Morgan Stanley, Analyst: New York, NY
PepsiCo, Associate Analyst: White Plains, NY
The Blackstone Group, Business Analyst: New York, NY
US Navy, Title Not Disclosed, Location Not Disclosed
WeWork, Enterprise Strategy and Development: New York, NY
Management / Marketing
Accenture, Consulting Analyst: New York, NY
Amazon, Brand Specialist (Retail Undergraduate Program): Seattle, WA
American Express, Analyst: New York, NY
BlackRock, Analyst: New York, NY
Boston Consulting Group, Associate: Chicago, IL
Choice Hotels International, Franchise Lifecycle Operations Analyst: Rockville, MD
Estee Lauder Companies Inc, HR Presidential Associate: New York, NY
Google, Associate Product Marketing Manager: San Francisco Bay Area, CA
IBM, Consultant: New York, NY
Macy's, Planner: New York, NY
MBI Inc., Product Manager: Norwalk, CT
McMaster-Carr, Management Trainee: Elmhurst, IL
Plank, Co-Founder: San Francisco, CA
The Raine Group, Analyst: New York, NY
Marketing
Adobe, Digital Strategy Analyst: New York, NY
Anheuser Busch, Marketing Development Program Trainee: New York, NY
Aramark, Food Service Manager: Boston, MA
Caesar's Entertainment, Marketing Analyst: Las Vegas, NV
DeVito / Verdi, Digital Marketing Strategist: New York, NY
IBM, Campaign Management Strategist: New York, NY
Infor, Corporate Communications Specialist: New York, NY
Microsoft, Product Marketing Manager: Redmond, WA
Penn Dental Medicine, Administrative Coordinator: Philadelphia, PA
Pfizer, Professional Healthcare Representative: Huntsville, AL
Marketing / Statistics
Applied Predictive Technologies, Business Consultant: Arlington, VA
Facebook, Scaling Analyst: San Francisco, CA
Goodby Silverstein & Partners, Assistant Account Manager: San Francisco, CA
Nordstrom, Innovation Strategist: Seattle, WA
17
Operations and Information Management
Alvarez and Marsal, Analyst: New York, NY
Google, Associate Product Marketing Manager: Mountain View, CA
Real Estate
Bank of America, Investment Banking Analyst: New York, NY
Eastdil Secured, Real Estate Investment Banking Analyst: Los Angeles, CA
Merchant's Hospitality, Investment Analyst: New York, NY
Private Equity Fund (Company Not Disclosed), Analyst: Princeton, NJ
Statistics
Boston Consulting Group, Associate Consultant: Seattle, WA
Capital One, Associate: McLean, VA
Capital One, Business Analyst - Product Management and Analytics: McLean, VA
Facebook, Data Scientist: Menlo Park, CA
McKinsey & Company, Business Analyst: Boston, MA
McKinsey & Company, Business Analyst: Chicago, IL
McKinsey & Company, Business Analyst: Summit, NJ
Morgan Stanley, Equity Exotic Derivatives Trader: New York, NY
QuintilesIMS, Market Research Analyst: Horsham, PA
ZodiacMetrics, Junior Data Scientist: New York, NY
18
Business Analytics / International Studies and Business
Bain & Company, Associate Consultant: New York, NY
Deloitte Consulting, Business Technology Analyst: Philadelphia, PA
Finance / Biochemistry
Morgan Stanley, Investment Banking Analyst: Menlo Park, CA
Finance / Biology
Audax Group, Private Equity Analyst: Boston, MA
Barclays, Investment Banking Analyst: Menlo Park, CA
Centerview Partners, Healthcare M&A Analyst: San Francisco, CA
Citi, Investment Banking Analyst: New York, NY
Deutsche Bank, Healthcare Investment Banking Analyst: New York, NY
Goldman Sachs, Investment Banking Analyst: New York, NY
Lazard, Healthcare Investment Banking Analyst: New York, NY
MTS Health Partners, Analyst: New York, NY
Finance / Chemistry
PJT Partners, Analyst: New York, NY
Finance / Economics
Boston Consulting Group, Associate Consultant: New York, NY
Deloitte Consulting, Consultant: Philadelphia, PA
JPMorgan Chase & Co, Analyst: New York, NY
Finance / History
PIMCO, Portfolio Analyst: Newport Beach, CA
RBC Capital Markets, Analyst: New York, NY
Finance / Mathematics
AlixPartners, Financial Advisory Services Analyst: Chicago, IL
AQR Capital Management, Research Analyst: Greenwich, CT
Management / Biology
Boston Consulting Group, Associate: New York, NY
Marketing / English
FE International, Inc., Analyst: Boston, MA
20
Operations, Information and Decisions / Environmental Studies
Safari Energy, LLC, Project Finance Analyst: New York, NY
Statistics / Biology
Oliver Wyman, Consultant: Boston, MA
Statistics / Philosophy
Abrams Bison Investments, Investment Analyst: Washington, DC
Finance / Bioengineering
Bank of America, Healthcare Investment Banking Analyst: San Francisco, CA
Credit Suisse, Investment Banking Analyst: San Francisco, CA
21
Finance / Management / Applied Science - Computer Science
Zynga, Product Manager: San Francisco, CA
22
Marketing / Applied Science - Computer Science
McKinsey & Company, Business Analyst: New York, NY
Economics / Statistics
Columbia University, New York, NY: PhD (Economics)
Finance
William & Mary, Williamsburg, VA: MSBA - Master of Business Analytics (Business Analytics)
23
Finance
The George Washington University Law School, Washington, DC: JD (Law)
Finance / Bioengineering
Seoul National University, Seoul, South Korea: MD (Medicine)
Marketing
University of Tennessee, Knoxville, TN: MS (Sports Management)
Marketing / Bioengineering
University of Pennsylvania, Philadelphia, PA: MSE (Bioengineering)
24