- 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.
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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.