College of Arts & Sciences Undergraduate Class of 2016 CAREER PLANS SURVEY REPORT Each year Career Services surveys the College of Arts and Sciences graduating class to gather information about their post-graduation plans. This report summarizes the responses from August 2015 - May 2016 Bachelor of Arts recipients. Contents Section Page Summary Post Graduate Plans 2 Graduate School Fields and Top Graduate Schools 2 Fields of Employment 2 Top Employers by Industry 3 Method and Timing of Obtaining Offers 3 Interviews and Offers 3 Salary Information and Signing Bonuses 3 Average Salary by Industry 4 Average Salary by Job Type 5-7 Geographic Locations for U.S. and International Students 8-9 Full Time Employment and Graduate Studies by Major (coming soon) 10 Methodology Students were asked via several e-mail requests during Spring 2016 to complete an online version of the Career Plans Survey. Follow-up emails were sent and phone calls were made between May and November 2016 to those students who had not responded or had previously indicated they were still seeking. Additional follow-up was done by checking LinkedIn profiles and then confirming the status of what was found there either by phone call or email. Only information individually verified by the student was included in the response rate. A total of 1,251 responses were received of 1,594 degrees awarded, resulting in an 79% response rate. Prepared in January 2017 by: Claire Klieger, Senior Associate Director Alyssa Perkins-Chatterton, Administrative Assistant Vivian Lee, Student Assistant Graphics & Data Visualization Career Services. McNeil Building. Suite 20. www.vpul.upenn.edu/careerservices/ 1
Career Services. McNeil Building. Suite 20. www.vpul.upenn.edu/careerservices/ 2
Career Services. McNeil Building. Suite 20. www.vpul.upenn.edu/careerservices/ 3
Industry AVERAGE SALARY BY INDUSTRY (fewer than 3 salaries not reported; omits stipends below $20,000) Average Salary 2016 (# reported) Salary Range 2016 Average Salary 2015 (# reported) Salary Range 2015 Accounting --- (1) --- --- --- Communications $41,118 (31) $22,000 - $70,000 $37,308 (26) $23,040 - $65,000 Advertising/Public Relations $43,555 (9) $22,000 - $65,000 $42,400 (1) $26,000 - $60,000 Media/Entertainment $38,271 (19) $25,000 - $70,000 $33,273 (11) $23,040 - $65,000 Publishing/Printing $51,833 (3) $37,500 - $65,000 $36,000 (5) $25,000 - $50,000 Consulting $67329 (128) $30,000 - $105,000 $69,002 (95) $30,000 - $100,000 Design --- (2) --- $35,167 (6) $26,000 - $50,000 Education $38,570 (56) $20,000 - $72,000 $39,209 (55) $20,000 - $65,000 Elementary/Secondary $38,272 (22) $20,000 - $55,000 $43,461 (28) $24,000 - $62,000 Higher Education $37,753 (22) $20,000 - $72,000 $33,359 (13) $20,000 - $45,000 For Profit $45,274(5) $23,370 - $63,000 ---(1) --- Research Labs/Centers (higher education) $34,125 (8) $30,000 - $42,000 $33,918 (13) $26,500 - $45,000 Pre-School/Nursery --- (1) --- --- --- Energy (1) --- (2) --- Financial Services $77,234 (123) $30,000 - $120,000 $78,056 (125) $45,000 - $140,000 Diversified Financial Services $65,000 (14) $45,000 - $80,000 $68,286 (21) $45,000 - $90,000 Hedge Funds $95,000 (5) $70,000 - $120,000 $83,333 (6) $50,000 - $125,000 Investment Banking/Brokerage $81,304 (74) $45,000 - $120,000 $82,613 (75) $55,000 - $140,000 Investment Management $71,194 (17) $55,000 - $95,000 $68,615 (13) $45,000 - $85,000 Private Equity $66,000 (8) $30,000 - $85,000 $75,000 (8) $55,000 - $90,000 Venture Capital $72,000 (5) $50,000 - $90,000 (2) --- Government $46,254 (18) $28,000 - $60,400 $42,396 (9) $30,000 - $57,000 Federal Government $50,132 (12) $38,000 - $60,400 $45,652 (7) $30,000 - $57,000 State Government (1) --- --- Local Government (1) --- (1) --- Non-U.S. Government Service $37,666 (3) $28,000 - $45,000 --- U.S. National Laboratories (1) --- (1) --- Healthcare $38,380 (49) $24,036 - $70,000 $39,909 (27) $24,500 - $65,000 Community/Public Health Center $35,000 (3) $25,000 - $50,000 $34,796 (4) $24,500 - $42,000 For Profit/Private Health Care Provider $43,136 (5) $27,600 - $70,000 $56,000 (3) $53,000 - $60,000 Health Maintenance Organization (2) (2) Hospital $37,373 (40) $24,036 - $54,000 $37,631 (18) $29,500 - $65,000 Hospitality/Leisure/Sports $48,142 (7) $30,000 - $70,000 $48,800 (5) $27,000 - $60,000 Insurance $61,700 (5) $54,000 - $75,000 $60,000 (4) $52,000 - $65,000 Legal $46,055 (18) $27,000 - $70,000 $45,575 (20) $29,000 - $60,000 Manufacturing $60,829 (14) $36,000 - $84,000 $60,829 (14) $36,000 - $84,000 Automotive --- --- Pharmaceuticals/ Biomedical Products $54,833 (3) $40,000 - $65,000 $55,650 (4) $38,500 - $65,600 Chemicals/Gases (1) --- (1) --- Consumer Products $65,777 (9) $50,000 - $84,000 $70,333 (6) $56,000 - $84,000 Electronics/Robots --- --- Other --- --- $50,667 (3) $36,000 - $80,000 Non-Profit/Social Service $36,461 (24) $20,000 - $51,000 $34,400 (18) $22,000 - $45,000 Cultural Institutions/Arts --- (1) --- $32,333 (3) $22,000 - $40,000 Public Interest/Advocacy $37,109 (18) $20,800 - $51,000 $35,017 (12) $23,000 - $45,000 Social Services $37,420 (5) $30,100 - $50,000 $34,000 (3) $33,000 - $35,000 Real Estate/Construction $68,846 (13) $50,000 - $150,000 $58,600 (15) $30,000 - $60,000 Retail/Wholesale $46,423 (13) $20,000 - $62,000 $50,571 (14) $30,000 - $60,000 Technology $67,153 (80) $30,000 - $125,000 $67,192 (73) $21,600 - $200,000 Telecommunications (1) Transportation (1) Career Services. McNeil Building. Suite 20. www.vpul.upenn.edu/careerservices/ 4
COLLEGE OF ARTS AND SCIENCES 2015-2016 UNDERGRADUATE SALARIES BY JOB TYPE (fewer than 3 salaries not reported; omits stipends below $20,000) Number Returned with Salaries Average Range Accounting Internal Accounting 2 --- --- Public Accounting 0 --- --- Architecture Architecture 2 --- --- Historic Preservation 0 --- --- Landscape Architecture 0 --- --- Arts and Culture Administration 2 --- --- Graphics/Design 2 --- --- Museum/Art Gallery Curatorship 0 --- --- Performing Arts 0 --- --- Research 0 --- --- Communications Advertising/Account Management 6 $42,062 $22,000 - $59,500 Announcing/On-air Reporting 0 --- --- Editing 1 --- --- Journalism/Other Writing 1 --- --- Production 5 $37,656 $25,000 $62,000 Public Relations 1 --- --- Technical Writing 0 --- --- Consulting Management/Strategy 96 $72,035 $20,364 $105,000 Research 24 $58,583 $38,000 $80,000 Technical/Information Systems 3 $71,000 $63,000 $75,000 Data Science Data Analyst 20 $61,562 $45,000 $90,000 Statistician 1 --- --- Economics Economic Research/Econometrics 3 $60,000 $50,500 $78,000 Economic Development 1 --- --- Education Administration 5 $41,020 $32,100 - $53,000 Counseling/Psychology 0 --- --- Research 4 $38,875 $30,000 - $50,000 Teaching 27 $38,402 $20,000 $57,000 Testing/Evaluation 0 --- --- Energy/Environment Exploration and Productions 0 --- --- Geology 0 --- --- Management & Policy 0 --- --- Research 0 --- --- Engineering Construction 0 --- --- Design 0 --- --- Manufacturing/Production 1 --- --- Project Management 3 $84,000 $60,000 - $114,000 Quality Assurance 0 --- --- Research & Development 0 --- --- Systems 0 --- --- Testing 0 --- --- Career Services. McNeil Building. Suite 20. www.vpul.upenn.edu/careerservices/ 5
COLLEGE OF ARTS AND SCIENCES 2015-2016 UNDERGRADUATE SALARIES BY JOB TYPE (fewer than 3 salaries not reported; omits stipends below $20,000) Number Returned with Salaries Average Range Finance Commercial Banking/Lending 3 $66,667 $55,000 - $80,000 Financial Planning & Analysis 16 $65,436 $30,000 $80,000 Investment Banking Analyst 39 $82,853 $60,000 $103,000 Investment Management/Counsel 15 $70,666 $45,000 $85,000 Private Equity Analyst 15 $81,200 $48,000 $150,000 Risk Management 3 $71,000 $70,000 $73,000 Securities Research Analyst 5 $95,000 $85,000 $120,000 Sales 1 --- --- Trading 6 $86,667 $70,000 $120,000 Venture Capital Analyst 3 $70,000 $50,000 $85,000 Government Intelligence/Law Enforcement 2 --- --- Legislative Aide/Staff 0 --- --- Lobbying 1 --- --- Military Personnel 0 --- --- Patent Examiner 0 --- --- Policy Research/Analysis 7 $46,295 $25,000 $65,000 Health Care Clinical Research 33 $37,368 $30,000 $54,000 Health Care Policy/Management 0 Hospital/HMO Administration 5 $37,648 $30,000 $60,000 Other Clinical/Non-Nursing 7 $33,025 $25,000 $40,500 Public Health Administration 1 --- --- Information Technology Product Designer 1 --- --- Program Manager 1 --- --- Software Developer/Engineer 12 $95,416 $60,000 $110,000 Systems Engineer Analyst 0 --- --- Technical Artist/Animator/Game Developer 1 --- --- Technical Support Specialist 3 $52,333 $38,000 $75,000 Technical Writer 0 --- --- Technology Analyst 3 $74,333 $68,000 $80,000 Web Designer/Developer 2 --- --- Insurance Actuarial 3 $66,500 $56,500 $75,000 Benefits and Pension Planning 0 --- --- Sales 0 --- --- Underwriting 1 --- --- Law Paralegal 22 $49,250 $38,000 $70,000 Management Administrative Assistant/Office Management 7 $34,928 $28,000 $40,000 Entrepreneur/Founder 3 $46,000 $30,000 $60,000 General Management 7 $55,328 $36,500 $75,000 Human Resources 4 $49,700 $30,610 $65,000 Operations 8 $65,250 $43,000 $100,000 Marketing Buyer/Merchandising 2 --- --- Marketing Analysis/Research 15 $56,000 $33,000 $75,000 New Business Development 11 $51,136 $27,500 $70,000 Product/Brand Management 16 $60,468 $37,500 $84,000 Sales/Sales Account Management 10 $47,700 $30,000 $74,000 Social Media 1 --- --- Career Services. McNeil Building. Suite 20. www.vpul.upenn.edu/careerservices/ 6
COLLEGE OF ARTS AND SCIENCES 2015-2016 UNDERGRADUATE SALARIES BY JOB TYPE (fewer than 3 salaries not reported; under $20,000 not reported) Number Returned with Salaries Average Range Non-Profit/Social Services Administration 0 --- --- Direct Service 3 $33,700 $30,100 $37,000 Fund-Raising/Promotion 1 --- --- Policy 2 --- --- Program Evaluation 1 --- --- Program Planning 3 $42,733 $33,200 $50,000 Research 6 $37,705 $20,000 $43,000 Real Estate Development 0 --- --- Property Management 0 --- --- Real Estate Investment Analyst 8 $65,625 $50,000 $75,000 Sales 2 --- --- Scientific Research Biology/Biochemistry 6 $39,616 $30,000 $65,000 Biomedical (other) 10 $34,520 $24,036 $50,000 Chemistry 1 --- --- Physics 0 --- --- Psychology 6 $30,917 $26,500 $35,000 Other Other 13 $43,721 $20,000 $75,000 Career Services. McNeil Building. Suite 20. www.vpul.upenn.edu/careerservices/ 7
GEOGRAPHIC LOCATION OF EMPLOYED STUDENTS INTERNATIONAL STUDENTS WORKING IN THE UNIT ED STATES 71% of fulltime employed College graduates who indicated that they were foreign nationals were working in the U.S. Real Estate 2% INDUSTRIES Law 2% Financial Services 36% Consulting 31% Non-Profit 2% Healthcare 5% Education 11% Technology 11% TOP U.S. EMPLOYERS FOR INTERNATIONAL STUDENTS (2015-16) AT Kearney (2) Boston Consulting Group (3) Deloitte (3) Goldman Sachs (3) McKinsey & Co (2) University of Pennsylvania (3) For a full list of specific U.S. companies who have hired foreign nationals from Penn in recent years, go to: http://www.vpul.upenn.edu/careerservices/affinity/internationalstudents.php#list Career Services. McNeil Building. Suite 20. www.vpul.upenn.edu/careerservices/ 8
Almost 6% of seniors took jobs abroad after graduation. AMERICAN STUDENTS WORKING ABROAD Number of U.S. students who took jobs or internships abroad after graduation: 21 students in 14 countries Industries Communications Consulting Education Government (including Fulbright) Non-Profit Hospitality Locations Israel Finland, France, India, Japan, United Arab Emirates, United Kingdom France (2), Hong Kong, Japan, Republic of Korea, Russia, South Africa, United Kingdom India, Malaysia (2), Spain Spain Mexico Career Services. McNeil Building. Suite 20. www.vpul.upenn.edu/careerservices/ 9
FIRST DESTINATIONS BY MAJOR African Studies Africana Studies Anthropology Architecture Biochemistry Biological Basis of Behavior Biology Biophysics Chemistry Cinema Studies Classical Studies Cognitive Science Communication Comparative Literature (See 2015 Survey) Criminology Earth Science East Asian Area Studies East Asian Languages and Civilizations Economics English Environmental Studies Fine Arts French Studies Gender, Sexuality and Women s Studies Health and Societies Hispanic Studies History History of Art Huntsman Program in International Relations and Business International Relations Italian Studies (See 2015 Survey) Jewish Studies (See 2015 Survey) Latin American and Latino Studies Linguistics Logic, Information and Computation Mathematical Economics Mathematics Modern Middle Eastern Studies Music Near Eastern Languages and Civilizations Philosophy Philosophy, Politics and Economics Physics Political Science Psychology Religious Studies Romance Languages Russian (See 2015 Survey) Science, Technology and Society Sociology Theatre Arts Urban Studies Visual Studies (See 2015 Survey) Career Services. McNeil Building. Suite 20. www.vpul.upenn.edu/careerservices/ 10