Wharton School Releases Annual MBA Career Report
The Wharton School at the University of Pennsylvania recently released its 2012 MBA Career Management Career Statistics report offering an informative snapshot on graduates’ industry choices, compensation and geographic preferences.
For the class of 2012, 95.5 percent of students seeking employment had job offers in hand at the time of the report’s release. Compensation ranged from $20,000-250,000, with a median of $120,000. The median signing bonus among the graduating class was $20,000. Regarding location choices, 78.5 percent chose employment in the United States, while 21.5 percent accepted offers internationally.
The latest report shows an increase in opportunities in the technology sector, while financial services and consulting continued to be the most popular industry choices among graduates, with 41 and 26.7 percent, respectively, going into the two fields.
Director of MBA Career Management Maryellen Lamb noted in the Daily Pennsylvanian that this year’s results met her expectations, but she expressed some surprise at the slight decrease in students going into consulting.
“Last year and the year before that, consulting firms hired a lot, so they had a lot bigger classes,” Lamb said. “While it’s down since the last year, it’s pretty normalized historically.”
Meanwhile, on the internship front, 98.9 percent of Class of 2013 students seeking summer employment have already accepted positions.
Data for this report is collected year-round as MBA students report their offers through a career search portal that they use to search for jobs, or by phone if they receive a call. The next MBA class report comes out in fall 2013.