The health care industry, the market research industry, and the veterinary care industry are just a few of the areas in which Penn grads find work. The majority of alumni accept jobs in the financial services industry. Consistent with the high SAT scores and graduation rates reported by Penn alumni, former students go on to earn high salaries. Graduates of Penn earn $89K on average.
Among Penn graduates, the biggest earners are Chief Financial Officers, who haul in around $145K on average. Next on the list are Associate Business Consultants, bringing in close to approximately $94K. Collecting the smallest paychecks are Social Workers — they bring in about $50K.
Many Penn grads end up living in New York, N.Y., deeming it the most popular city for former students of this school. Boston, Mass. is another hot spot for Penn grads, where salaries rank at the top of the pay scale (compensation averages out to $175K). University of Pennsylvania grads are so loyal to Philadelphia that a sizable number choose to stay after graduating, despite median salary there ranking lowest among popular cities ($54K). Seattle, Wash. is also a common pick among Penn grads, along with Redwood City, Calif.
Financial compensation is highest for Penn grads with a medical degree (average earnings climb to $161K per year). Ranking last in the compensation department are those holding a Master of Social Work (MSW), Clinical Social Work (CSW) — their annual income amounts to $50K on average.
Proficiency in Project Management is common among Penn alumni, and when it comes to using it on the job, about a sixth of former students report doing so. Knowledge of Client Interaction seems to be related to bigger paychecks; in fact, skilled alumni bring in salaries that are 41 percent more than their former classmates' salaries ($125K). Other top skills include Microsoft Office, Data Analysis, and SQL.
Benefits and Perks
Only about two-fifths of alumni enjoy paid vacation and one in three grads receive sick leave. Almost all former students save for retirement through a 401(k) plan. The vast majority of former students receive health insurance, and most respondents get dental coverage. University of Pennsylvania alumni are also on the receiving end of a casual working environment, life insurance, a company-subsidized cell phone, and flexible hours.
Carnegie Mellon University grads report the most similar salaries to Penn alums, earning $92K on average. Princeton University, Johns Hopkins University, and New York University are also similar to Penn.