Home Markets Here's the salary breakdown for Wharton's class of 2020, including the industries...

Here's the salary breakdown for Wharton's class of 2020, including the industries that are paying its MBA grads the most

3
investorsdiurnal business news magazine

This post was originally published on this site

Wharton Graduation Commencement at Wharton.

  • The pandemic has created a difficult environment for the class of 2020.
  • But at the University of Pennsylvania’s Wharton School of Business, 93.5% of graduates reported job offers, and the median salary sits at $150,000 a year. 
  • That’s according to Wharton’s 2020 MBA careers report, which showed a 5% decrease in job offers from the class of 2019. 
  • Median salaries differ by industry. The legal-and-professional-services industry has the highest median salary at $190,000. 
  • Visit Business Insider’s homepage for more stories.

This year, MBA graduates faced a very different job market than they had anticipated.

The class of 2020 was poised to enter the strongest job market in 5o years, and instead found themselves graduating into a pandemic recession. More than 20% of 2020 MBA candidates reported that their job offers had been impacted by the pandemic, according to a survey conducted by RelishCareers.

But graduates of the University of Pennsylvania’s Wharton School of Business still found themselves landing lucrative six-figure jobs, according to Wharton’s 2020 Careers Report

The value of a graduate degree in business has long been the topic of debate, and the pandemic has only worsened these concerns. At Wharton, 75.3% of 2020 graduates reported seeking employment, and 93.5% of the students seeking employment reported job offers. That’s a slight decline from the class of 2019, which reported a 98.5% job offer rate.

This year, Wharton lost its first place spot in QS Quacquarelli Symonds‘ ranking for the best MBA program in the world, coming in second behind Stanford University’s Graduate School of Business. 

Wharton class of 2020 will earn a median salary of $150,000 a year. Most graduates went into finance and consulting, though some went into fields like healthcare and fintech. 

Here are the industries that Wharton’s class of 2020 entered after graduation, ranked by compensation.

8. Social impact Americorps Vista member Kortney Asher paints a Habitat for Humanity project house.



The social-impact industry focuses on the effect that organizations have on communities.

Median salary: $89,250 

Percent accepts: 1.8%

7. Real estate real estate broker



Median salary: $120,000

Percent accepts: 2.9%

6. Consumer products FILE PHOTO: The Pepsi logo is pictured in Irwindale, California, U.S., July 11, 2017. REUTERS/Mario Anzuoni PepsiCo employed at least two graduates from the class of 2020.



Median salary: $122,500

Percent accepts: 2.4%

5. Technology google Google employed at least two graduates from the class of 2020.



Median salary: $139,345

Percent accepts: 16.2%

4. Retail (TIE) Amazon Logistics Center Amazon employed at least two graduates from the class of 2020.



Median salary: $140,000

Percent accepts: 3.2%

4. Fintech (TIE) Dan Schulman PayPal PayPal employed at least two graduates from the class of 2020. Pictured here is CEO Daniel Schulman.



Median salary: $140,000

Percent accepts: 2.1%

4. Healthcare (TIE) Humana Humana employed at least two graduates from the class of 2020.



Median salary: $140,000

Percent accepts: 6.7%

3. Media, entertainment, and sports (TIE) Hulu streaming shows movies tv watching television remote



Median salary: $150,000

Percent accepts: 1.3%

3. Financial services (TIE) Jamie Dimon J.P. Morgan Chase & Co. employed at least two graduates from the class of 2020. Pictured here is CEO Jamie Dimon.



Median salary: $150,000

Percent accepts: 36.2%

Subindustry: 

  • Hedge Funds/Other Investments
    • Median salary: $150,000
    • Percent accepts: 3.2%
  • Insurance & Diversified Services
    • Median salary: $125,000
    • Percent accepts: 1.4%
  • Investment Banking/Brokerage
    • Median salary: $150,000
    • Percent accepts: 12.2%
  • Investment Management 
    • Median salary: $150,000
    • Percent accepts: 4.5%
  • Private Equity/Buyouts/Other
    • Median salary: $170,000
    • Percent accepts: 11.9%
  • Venture Capital
    • Median salary: $171,500
    • Percent accepts: 3%

2. Consulting Bain Bain & Company hired at least two graduates from the class of 2020.



Median salary: $165,000

Percent accepts: 24.5%

1. Legal and professional services GettyImages 1194169733 Kirkland & Ellis employed at least two graduates from the class of 2020.



Median salary: $190,000

Percent accepts: 1.8%