The Class of 2017 at University of Pennsylvania’s Wharton Business School managed to get a median annual salary of $130,000 with a reported sign-on bonus of 77.2% and median guaranteed bonus of $20,500.
Of the 819 students in the class, 97.1% had reported job offers and 92.6% reported job acceptances.
The overall range of salary was $122,000 from the 25th percentile to $150,000 in the 75th percentile. In the case of the sign-on bonus, it was $25,000 to $40,000 and median guaranteed bonus S11,900 to $50,000.
Among the career switchers, industry and function change accounted for 64.6%, function change only 15.6%, industry change only 9.4%, same function and industry, but new title 5.8% and no change 4.7%.
The students of the Class of 2017 had 5 median years of work experience and represented 73 countries. Female students comprised 43%, international students 30% and U.S. students of colour 30%.
In undergraduate majors, 42% were from Humanities/Economics stream, 29% Business and 26% Engineering/Math/Science.
As far as previous industry experience is concerned, 23% of the class is from Consulting,, 11% each in Social Impact and Investment Banking, 10% each from Consumer Products/Retail/Health Care/Energy and Others, 6% each from Technology and Investment Management, 4% Media & Entertainment and 2% Real Estate.
While 8.1% of the students not seeking employment stated that they were company sponsored or returning to the company, 4.8% were self-employed/starting their own business, 2.8% postponed job search or decided to continue education and 0.1% gave personal or other reasons.
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Among the career switchers, industry and function change accounted for 64.6%, function change only 15.6%, industry change only 9.4%, same function and industry, but new title 5.8% and no change 4.7%.
Wharton said the placement information was as of September 12, 2017, collected and reported according to MBA CSEA Standards. When listed, guaranteed compensation is per month, and does not include discretionary bonuses or other forms of compensation. In accordance with MBA CSEA Standards, compensation is not listed for categories reported by less than 1% of students seeking employment.
