How Much Money Will You Earn with an MBA From Wharton?

The Wharton School at the University of Pennsylvania

Released last week, the Wharton MBA Careers 2018 report details employment statistics for the most recent graduating class of the MBA program at Wharton Business School at the University of Pennsylvania. Across all industries, the median salary earned by the class is US$135,000, a not insignificant increase of US$5,000 from last year.

The MBA program at Wharton is the third best MBA program in the world according to the QS World University Rankings: Global MBA Rankings 2019 published earlier this year.

Out of 813 students in the Wharton MBA Class of 2018, 633 were seeking employment as of September 11, 2018. An impressive 98.4 percent reported receiving job offers, with 94.6 percent reporting job acceptances. 34 students reported that they were self-employed or starting their own businesses, and 84 students returned to the companies that sponsored them through their MBA.

The report also provides insight into salary differences between industry. For instance, the highest reported salaries are in professional services, with a median of a huge US$180,000. Venture capital is just behind, with a median salary of US$175,000. The lowest salary by industry is in social impact, with a median salary of US$96,475.

Consulting and financial services continue to be the most popular industries for Wharton graduates, with 25 percent of accepted offers being from jobs in the consulting industry, and 36.9 percent accepting offers in financial services (an increase from 33 percent last year).

In the financial services umbrella, investment banking and brokerage is the most popular choice (13 percent of accepted offers), followed by private equity (11 percent). The third most popular industry is technology industries, with 14.9 percent reporting job acceptances in this field.

A huge number of high-level employers hired two or more students from the Class of 2018. In consulting, giants such as Bain & Company, the Boston Consulting Group and McKinsey & Company were among the big names hiring Wharton grads. Other significant employers include Credit Suisse, Deutsche Bank, Facebook, Google Inc., and Morgan Stanley.

Most Class of 2018 graduates gained employment in the same country as their alma mater, with 88.3 percent of job acceptances located in the United States, predominantly in the Northeast. However, the highest salaries in the US are to be found in the Midwest and the South.

11.7 percent of the Class of 2018 found employment internationally, with Asia (6.3 percent), Europe (2.3 percent) and Latin America (1.3 percent) the most popular destinations abroad. These three regions also offered the highest salaries outside the US: US$126,000 in Asia, US$119,000 in Europe and US$92,000 in Latin America.

Most Popular Industries Wharton Class of 2018

Industry

Percent Job Acceptances

Median Salary (US$)

Financial Services

36.9

130,000

Consulting

25

150,000

Technology Industries

14.9

130,000

Consumer Products & Retail

6.2

115,000

Healthcare

5.8

125,000

Real Estate

4.2

120,000

Manufacturing

2.0

127,500

Professional Services

2.0

180,000

Media & Entertainment

1.5

140,000

Social Impact

1.2

96,475

Energy

0.3

---

 

The report also details statistics for internships undertaken by the Class of 2019. To see the full report on Wharton’s website, click here.

 

Written by Julia Gilmore

Julia is a writer for TopMBA.com, publishing articles for business students and graduates across the world. A native Londoner, she holds an MSc in Marketing Strategy & Innovation from Cass Business School and a BA in Classical Studies & English from Newcastle University.

See related categories:

0 Comments
Log in from the top right-hand corner or click here to register to post comments