Prepared by: S. David Ross, Associate Director

January 2013

Graduate School, 1.6% Self-

Employed, 7.9%

Unknown, 0.4%

Family Care, 2.4%

Seeking Employment,

1.2%

Employed Part-Time,

1.6%

Employed Full-Time,

83.9%

Other, 1.2%

Average Salary $160,716

Median Salary $136,500

Salary Range $46,000 - $600,000

Average Female Salary $134,945

Average Male Salary $172,638

Percent Receiving Annual Bonus 96%

Average Bonus $183,543

Bachelor Degree Only, 50.8%

MBA Only, 22.0%

MBA and Doctorate, 1.2%

MBA and Law, 2.0%

MBA and Non-MBA Master's,

1.2%

Law Only, 5.1%

Non-MBA Master's, 8.7%

Doctorate, 2.0% Doctorate and Non MBA Master's,

2.8%

MD, 1.6%

Other, 1.2%

Unknown, 0.4%

Bachelor Degree Only Salary: $182,177

Bonus: $190,938

MBA Salary: $148,385

Bonus: $155,558

Non-MBA Master’s (Computer Science, Engineering, Public Policy, Science)

Salary: $232,167

Bonus: $281,333

Law Salary: *

Bonus: *

Doctorate Salary: *

Bonus: *

Communications, 5.2%

Consulting, 10.0%

Education/Govt/Nonprofit, 12.7%

Energy/Natural Resources/

Utilities, 2.2%

Financial Services, 39.3%

Services (non-consulting),

11.3%

Manufacturing, 4.4%

Real Estate, 6.6% Technology, 8.3%

Industry

Communications 5.2%

Advertising/PR 1.3%

Media/Entertainment 3.5%

Publishing/Printing 0.4%

Consulting 10.0%

Education/Government/Nonprofit 12.7%

Education: Elementary/Secondary 0.4%

Education: For-Profit Education 1.3%

Education: Higher Education 4.4%

Government: Federal 1.7%

Government: Local 0.4%

Government: Non-U.S. 0.4%

Industry

Government: State 0.4%

Government: U.S. National Laboratories 0.4%

Nonprofit: Arts/Cultural Institutions/Affairs 0.4%

Nonprofit: Other 1.3%

Nonprofit: Social Services 1.3%

Energy/Natural Resources/Utilities 2.2%

Financial Services 39.3%

Accounting 0.9%

Commercial Banking/Lending 2.1%

Financial Services (other) 3.9%

Insurance 0.9%

Industry

Investment Banking 14.4%

Investment Management 9.2%

Private Equity 6.1%

Venture Capital 1.7%

Manufacturing 4.4%

Biomedical 0.9%

Computer 0.4%

Consumer 1.3%

Electronics 0.9%

Other 0.9%

Real Estate 6.6%

Industry

Services 11.3%

Healthcare 5.2%

Hospitality/Leisure/Sports 0.4%

Legal Services 2.2%

Retail/Wholesale 1.3%

Services (other) 2.2%

Technology 8.3%

Online Services 1.3%

Software Products 1.3%

Systems/Networking 0.4%

Technology (other) 5.2%

Function

Accounting 1.3%

Internal Accounting 0.4%

Public Accounting 0.9%

Arts and Culture 0.9%

Fine/Visual Arts 0.4%

Graphics/Design 0.4%

Communications 2.2%

Advertising 0.9%

Journalism 0.9%

Public Relations 0.4%

Consulting 9.1%

Function

Management/Strategy 7.0%

Research 0.4%

Technical/Information Systems 0.9%

Other 0.9%

Economics 1.3%

Economic Research 1.3%

Education 4.3%

Administration 1.3%

Research 1.7%

Teaching 1.3%

Engineering 2.2%

Function

Design 0.9%

Management 0.4%

Systems 0.4%

Transportation/Planning 0.4%

Finance 37.4%

Commercial Banking 1.7%

Financial Planning and Analysis 6.5%

Investment Banking 3.5%

Investment Management/Counsel 7.8%

Private Equity 8.3%

Sales 0.4%

Function

Securities Research 3.9%

Trading 4.8%

Venture Capital 0.4%

Government 0.9%

Policy Research 0.9%

Healthcare 2.2%

Physician 2.2%

Information Technology 2.6%

Product Designer 0.4%

Program Manager 0.9%

Software Developer/Engineer 0.9%

Function

Web Designer/Developer 0.4%

Insurance 0.4%

Benefits and Pension Planning 0.4%

Law 3.9%

Attorney 3.9%

Management/Administration 11.7%

Entrepreneur/Founder 1.7%

General Management 4.3%

Human Resources 0.4%

Office Management/Administration 0.9%

Operations 4.3%

Function

Marketing 8.7%

Marketing Analysis/Research 1.7%

New Business Development 1.7%

Product/Brand Management 5.2%

Miscellaneous 4.8%

Nonprofit/Social Services 1.3%

Program Evaluation 0.4%

Program Planning 0.9%

Nursing 0.4%

Nurse Practitioner 0.4%

Real Estate 3.9%

Function

Development 0.4%

Property Management 0.4%

Real Estate Investment Analysis 3.0%

Scientific Research 0.4%

Biology/Biochemistry 0.4%

Time Off

Men 23.0% took time off

Women 42.9% took time off

Average Number of Years in Current Job

All 3.7

Men 3.8

Women 3.5

Average Number of Employers Since Graduation

All 3.1

Men 3.1

Women 3.0

0.0% 5.0% 10.0% 15.0% 20.0% 25.0%

Qualitative Proficiency

Other

Listening

Research

Writing

Speaking

Quantitative Proficiency

Concentration Specific

Leadership

Analytical

Teamwork

Critical Thinking

0.9%

2.0% 2.2%

3.3%

5.2%

5.9% 9.4%

10.1%

10.5%

13.3%

16.4% 20.8%

Percentage

• “Stay the course. Think broadly about how skills/talents and interests can benefit any organization...network, be willing to prove that you are a good fit (intern, project work)...”

• “Be persistent but measured. Keep in touch with people.” • “This is a great time to be an entrepreneur; since the recession, more and more, it

seems that students are coming up with really innovative businesses. Stay plugged in to the university and use your network to help develop your ideas.”

• “Figure out where your passion lies, and be unrelenting in that pursuit.” • “Be open minded about what you want to do. Consider both the industry you want,

or the job (type of things you want to do), and be willing to settle for one of those - there are always opportunity to move up.”

• “… You can't control the external environment. Keep your experience set relevant and don't be afraid to take a job that's not your first (or second) choice. When the market recovers, you'll have opportunity to get back on track.”

• “…there are many great paths out there and they don't have to be the same for all students. Don't go to graduate school just to ride out the recession, as you'll eventually have to deal with the job market …”

• “Look for jobs in non-traditional sectors with less well known employers…” • “Work hard, maximize real-world experience…network.”

• “It's the best thing that can happen to you since it forces you to be enterprising and to go after the things that really interest you…It will take some nerves and perseverance, but it will be worth it in the long run.”

• “Keep on trying and don't be afraid to start at the bottom - you are smart and will find your way up quickly!”

• “…set up opportunities to shadow someone for a day, and focus on how to accumulate experiences that differentiate you.”

• “… There is always demand to hire the most intelligent, most motivated, most flexible members of your class. Be open to where life takes you….If you are open to them, you will find unexpected opportunities that will both make you happy and a lot of money.”

• “Get as much work experience (even if intern position or unpaid) so you're in a strong position when employers are hiring.”

• “Be willing to start at lower-level positions (assistants, etc.) in industries you may want to enter - it will help you build contacts, relationships and exposure that will give you a leg up when more positions become available.”

• “I graduated twice during recessions …and I think what helped me was that I recruited for locations where there were many potential career paths. Putting yourself in a position to take the next steps is as important as getting

a dream job out of the gate. Also, stay focused on building skills towards your ultimate goal, more so than just the salary.”

• “Get your foot in the door somewhere. Do a good job everyday. Be responsive. Be punctual. Be a good team player. And it eventually gets noticed.”

• “Get off campus and see the city. Get out of the country and see the world. Both are bigger than you imagine.”

• “Enjoy your time in college and make the most of it…” • “I'm impressed with applicants who have taken the time to learn about the

employer, and who network to learn more about that employer (e.g. LinkedIn)….” • “Follow your passions, not the path laid out for you by others: find a profession that

you will thoroughly enjoy and don't be afraid to change paths midway if you are unfulfilled even if financially lucrative.”

• “Have fun and take advantage of opportunities. Try new things, explore your interests, keep an open mind.”

• “Try to have a well-rounded, rich experience outside of the classroom” • “No matter what, make sure you are always learning something during any job

experience.” • “Get international experience, try to get as much applied work experience as

possible to understand what you like/don't like in jobs …” • “Try to understand what drives you - makes you happy, versus others expectations

and dogma.” • “Expand your horizons as much as possible by exposing yourself to different disciplines, people and cultures.”

• “Meeting fellow students from all over the world was a huge mind-opener.” • “It offered me an extraordinary opportunity to truly expand my world view...I came

out of my shell at Penn and experienced culture, politics, and true learning for the first time.”

• “Very interdisciplinary, multi-perspective view of the world and of complicated political decisions.”

• “Prepared me for change and uncertainty.” • “Having come from a relatively insular upbringing, I didn't know much about the

broader world. Through Penn, I was able to see and experience a broader world, and I am forever improved by that experience.”

• “A lot of benefit was gained simply by being in a city and being with a diverse group of undergraduates from all over the world.”

• “Opened my mind to seeing the world through different 'lenses'.” • “Finding a great group of people, who support you, challenge you and help you learn

has been the key to a happy life for me both professionally and personally.” • “International study abroad really opened my worldview. Highly recommend it.

Good to balance a 'practical' major with something you enjoy.” • “The people I met gave me a much better sense of different possibilities, and Penn

opened up a world of opportunities.”

• “Network more with students in other majors and schools.” • “If possible I would have studied abroad…” • “Focused more on creating a broad network.” • “Participated in more extra-curriculars. Networked and learned more about career

opportunities after graduation.” • “Attended a summer abroad program.” • “I would try not to let the fear of failure paralyze me the way it did…” • “Taken more liberal arts classes versus loading up on more business school electives” • “I wish I‘d been less afraid to branch out. I wish I’d shed the fear of ‘what will other

people think.. what will this do to my image' sooner.” • “…Be willing to live somewhere new for the summer. …” • “…Gone to more guest lectures …” • “…Learn to do more research projects; read more books and written more papers.” • “…Taken more classes outside of my major ..Volunteered in Philly.” • “I would have participated in more activities/clubs outside of the classroom.” • “I would have picked a handful of organizations to get more deeply involved in

instead of barely being involved in several.” • “I would have asked for help when I needed it …I would have gone to see advisors more…”