Professionally, the health care industry, IT services, and the enterprise software development industry are popular business areas among Penn alumni. The financial services industry is the sector most highly represented among alumni. Students of Penn go on to make comfortable salaries after graduation, a trend consistent with the above-average SAT scores reported by this group. The average salary for a grad from Penn is about $90K.
Among Penn graduates, the biggest earners are Chief Financial Officers, who haul in $145K on average. Next on the list are Associate Business Consultants, bringing in close to $94K. Collecting the smallest paychecks are Social Workers — they bring in $50K.
Many Penn students are New York, N.Y.-bound following college. It is no surprise that Boston, Mass., which hands out the biggest paychecks (the average salary is approximately $175K), is another of the most popular spots for former Penn students. Among popular cities, the lowest average pay is found in Philadelphia at $58K. Regardless of salary, a large portion of University of Pennsylvania grads opt to live in the area following graduation. Other common destinations include Seattle, Wash. and Portland, Ore.
Penn students with a medical degree can expect to make the most money (around $161K on average per year) compared to their fellow graduates. 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.
For former Quakers, proficiency in SQL warrants a paycheck that is 10 percent more than other alumni salaries. Penn alumni are often well versed in Project Management, with just under a fifth of grads ending up in jobs that require this skillset. Demonstrated ability in Data Analysis, Microsoft Office, and Engineering Design rank among leading skills as well.
Benefits and Perks
Although slightly more than two-fifths of former students are compensated for vacation days, only one in three grads are paid for sick time. Benefits are rather generous for graduates of this school; nearly all alumni are rewarded with health insurance and most respondents report dental coverage, too. Nearly all respondents set up a 401(k) to save for retirement. Alumni of University of Pennsylvania also take in 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 around $89K on average. Princeton University, Johns Hopkins University, and New York University are also similar to Penn.