Graduates of Penn work in a variety of sectors including software as a service (SAAS) development, the financial services industry, and the consulting industry. The most popular field is the education industry. Consistent with the high SAT scores and graduation rates reported by Penn alumni, former students go on to earn high salaries. Those with an education from Penn earn an average of $81K.
Male graduates on average earn more than female graduates; the first group banks $92K per year, but the second group takes home only about $70K.
Penn grads who become Senior Software Engineers garner financial rewards beyond any other job type for this group — these alumni rake in an average around $113K annually. However, Software Engineers and Project Managers also rank as top-earners (bringing in approximately $97K and $86K, respectively). Salaries are anything but generous for Research Analysts, whose earnings rank lowest on the pay scale at $56K.
Graduates of Penn seem to enjoy living in Philadelphia, and about a fifth of grads wind up living and working there after graduation. San Francisco, Calif. is another hot spot for Penn grads, where salaries rank at the top of the pay scale (compensation averages out to approximately $101K). Though Washington, DC takes the cake for lowest pay among Penn grads (the median salary is about $66K there), it remains a common destination for former students. New York, N.Y. is also a top pick, as is Boston, Mass.
Financial compensation is highest for Penn grads with a Master of Business Administration (MBA), Finance (average earnings climb to $156K per year). Those with a Master of Social Work (MSW) face salaries on the lower end, coming in at an average $54K per year.
Project Management is a popular skill among Penn alumni, with nearly one in six workers reporting using it on the job. For former Quakers, proficiency in Strategic Planning warrants a paycheck that is 33 percent more than other alumni salaries. Demonstrated ability in Data Analysis, Microsoft Excel, and Microsoft Office rank among leading skills as well.
Benefits and Perks
A lucky minority (about one in three grads) are fortunate enough to be compensated for vacation while just one-fifth of alumni get sick time. A large number of respondents save up for retirement through a 401(k) plan. Most grads have medical plans, and a strong majority of former students have dental insurance. Other benefits awarded to University of Pennsylvania alumni include a casual working environment, life insurance, a company-subsidized cell phone, and tuition reimbursement.
Compensation averages around $82K for Johns Hopkins University alumni, making their earnings most comparable to Penn grads. Princeton University, New York University, and Columbia University in the City of New York are also similar to Penn.