A limited number of institutes offering business education resisted the employability predicament in 2020. The Wharton School is one of the handful of institutes that withstood the placement crisis even during the pandemic situation. According to the recently released employability report of The Wharton School, 99% of the Wharton MBA graduates of 2021, seeking work received job offers within 90 days after graduation.
- The Wharton School MBA Placement data was released by the institute on November 9, 2021.
- In the 2021 batch, 96.8% students seeking jobs reported job acceptances with an average annual salary of 155,000 USD.
- From 2019 through 2020 until 2021, the school experienced a variation of employment from 98% to 93.5% and now 99% respectively.
- Wharton MBA students reported a record breaking employment data of almost all 585 graduate job seekers getting job offers within 3 months after graduation.
- In 2021, among the 650+ companies offering jobs to MBA graduates, at least 65 companies hired two or more members of The Wharton School.
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The Wharton School MBA Jobs
The Wharton School offered employment to its students pursuing MBA in USA across an increasingly diverse variety of industries.
- The top 3 sectors welcoming the MBA graduates of Wharton are financial services (35.1%), Consulting (27.2%) and Technology (18.6%).
- According to the report, Investment banking (12.9%), Diversified Services (2.1%), and Venture Capital (3.4%) experienced a surge in the employment rate compared to the previous year.
- On the other hand, Investment Management (3.7%), Hedge Funds (1.9%) and Private Equity (11.1%) observed a slight dip, which is a normal year-to-year fluctuation.
Wharton MBA Placement Trends
Financial Services is the most popular sector in a consecution despite the increase in Consulting and Technology in 2021. Following are the hiring industries, employment percentage and median salaries offered to the graduates.
| Industry | Percentage in 2021 | Average Salary 2021 (in USD) | Percentage in 2020 | Average Salary 2020 (in USD) | Percentage in 2019 | Average Salary in 2019 |
|---|---|---|---|---|---|---|
| Financial Services | 35.1% | 150,000 | 36.2% | 150,000 | 35.8% | 150,000 |
| Consulting | 27.2% | 165,000 | 24.5% | 165,000 | 25.1% | 165,000 |
| Technology | 18.6% | 141,000 | 16.2% | 139,345 | 14.9% | 135,000 |
| Consumer Products/ Retail | 1.4% | 120,000 | 5.6% | 122,500-140,000 | 8% | 117.500 |
| Diversified Financial Services | 2.1% | 125,000 | 1.4% | 125,000 | 1.8% | 125,000 |
| Hedge Funds | 1.9% | 150,000 | 3.2% | 150,000 | 2.4% | 150,000 |
| Investment Banking/ Brokerage | 12.9% | 150,000 | 12.2% | 150,000 | 11.8% | 150,000 |
| Investment Management | 3.7% | 150,000 | 4.5% | 150,000 | 4.6% | 142,500 |
| Private Equity/ Buyout firms | 11.1% | 167,500 | 11.9% | 170,000 | 11% | 167,000 |
| Venture Capital | 3.4% | 157,500 | 3.1% | 171,500 | 4.2% | 150,000 |
| Healthcare | 5.3% | 131,000 | 6.7% | 140,000 | 6.7% | 140,000 |
| Manufacturing | 1.4% | 142,500 | 0.8% | - | 2.4% | 125,000 |
| Media and Entertainment | 1.6% | 150,000 | 1.3% | 150,000 | 1% | - |
| Legal and Professional Services | 0.9% | 190,000 | 1.8% | 190,000 | 1.9% | 190,000 |
| Real Estate | 2.1% | 130,000 | 2.9% | 120,000 | 3.2% | 127,500 |
| Social Impact | 1.2% | 130,000 | 1.8% | 89,250 | 1.4% | 115,000 |
| Financial Technology | 1.2% | 152,500 | 2.1% | 140,000 | - | - |
The Wharton School MBA Internships
In the class of 2022 of Wharton MBA, 100% job seeking interns reported job offers. With all to the better, 99.4% of the seeking students already reported job acceptances with an average salary offer of 9,280 USD per month. The relationship management team of Wharton works closely with employers so that they can post jobs, host networking events and schedule interviews.
Wharton MBA Career Assistance
To fight the trouble faced by the Class of 2021, the University of Pennsylvania has foresightedly launched Alumni Supporting Careers (ASC) through Wharton’s career services. Through this program, the alumni participated in mentoring students and posting job opportunities in their companies. The positive mindset, and the supportive alumni with experience from the Global crisis of 2007-2008, helped students directly to achieve success in The Wharton School MBA placement.The MBA career management team of the university assured that over 650 companies make offers to Wharton students.
Earlier the school rightly observed students leaning towards tech careers and encouraged their earning potential in this discipline. As a result, in 2021, almost 20% of its total population accepted job offers from the tech industry, making technology the third highest pursued career of The Wharton School students. Graduate students of Wharton reportedly earn 20-25% more than the undergraduate students in technology sectors.
The Wharton School MBA Placement Opportunities
Presently the average salary of The Wharton School MBA graduates is 155,000 USD per annum. The school has experienced a rise in the average salary by 5000 USD after remaining the same until 2020. Legal and Professional Services is the sector with the highest average salary of 190,000 USD per year. Although Wharton has not revealed any data around the bonuses offered to the graduate students, it is expected that many fresh graduates earned over 200,000 USD after graduation in a variety of fields, according to reports.
The school has sorted 65 companies that hired at least 2 or more students of the Wharton MBA batch of 2021. This list includes reputed names like Apple, Google, Amazon, Deloitte, Goldman Sachs, Bank of America, Morgan Stanley, and many more. Among the notable companies, one of the most significant brands, Pfizer has earned acclaim from around the world for making the coronavirus vaccine. Above all, the excellent quality of education makes the difference for The Wharton School in providing top-notch placement opportunities of nearly 100%.
FAQs
Ques. What is the placement rate of The Wharton School MBA program?
Ans. Aound 99% of the job seeking MBA graduates received job offers within 90 days after graduation through The Wharton School MBA Placement.
Ques. What are the most popular sectors employing Wharton MBA graduates in 2021?
Ans. Financial services (35.1%), followed by Consulting (27.2%) and Technology (18.6%) are the top 3 fields involving Wharton MBA graduates of 2021.
Ques. What is the average salary of the Wharton MBA graduate class of 2021?
Ans. Students obtaining their MBA degrees in 2021 reportedly receive an average salary of 155,000 USD per annum.
Ques. Who are the top recruiters of Wharton MBA graduates?
Ans. Among many big names, Pfizer, Google, Apple, Amazon, Deloitte, Goldman Sachs, Bank of America, and Morgan Stanley are some of the top hirers of Wharton MBA students.
Ques. What is the highest paying role offered to the Wharton MBA graduates of 2021?
Ans. Presently, individuals working in Legal and Professional Services pockets the highest average salary of 190,000 USD per annum.
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