Former Penn students are professionally suited for a wide range of fields including the health care industry, IT services, and the software development industry. The most popular field is the financial services industry. Penn alumni rake in larger-than-average salaries; they also score high on the SATs and boast an impressive rate of graduation. Former Penn graduates bring in $91K on average.
Male graduates on average earn more than female graduates; the first group banks $93K per year, but the second group takes home only approximately $77K.
The Penn alumni who make the most are Chief Financial Officers; they report a median pay of $145K. Associate Business Consultants draw in a fair amount as well — $94K. Social Workers wrap up the bottom of the pay scale, earning about $57K.
New York, N.Y. is a hot spot for Penn alum. It is no surprise that Boston, Mass., which hands out the biggest paychecks (the average salary is around $155K), is another of the most popular spots for former Penn students. Though median pay is subpar (approximately $54K) relative to popular cities, choosing to stay in Philadelphia after graduation is a common decision made by many alumni who have developed a love for the area. Graduates also relocate to Seattle, Wash. and Redwood City, Calif.
Among the highest-paid Penn alumni are those with a medical degree — they earn close to $161K on average per year. A Master's Degree offers the lowest median annual financial reward ($55K).
Penn alumni are often well versed in Project Management, with close to an eighth of grads ending up in jobs that require this skillset. For former Quakers, proficiency in Client Interaction warrants a paycheck that is 38 percent more than other alumni salaries. Proficiency in Microsoft Office, Data Analysis, and Microsoft Excel command top-of-the-line rewards as well.
Benefits and Perks
A lucky minority (about two-fifths of alumni) are fortunate enough to be compensated for vacation while just one-third of alumni get sick time. It is no small feat that almost all alums are given health coverage, and a large number of grads accept dental insurance. Nearly all survey participants set up a 401(k) to save for retirement. University of Pennsylvania alumni are also on the receiving end of a casual working environment, life insurance, a company-subsidized cell phone, and tuition reimbursement.
Among alumni of similar schools, Carnegie Mellon University grads (who make an average of around $93K) earn salaries most similar to Penn alumni. Other schools similar to Penn include Princeton University, Johns Hopkins University, and New York University.