It pays to get an MBA from Wharton these days! The Wharton School of the University of Pennsylvania has announced through its annual “MBA Careers” report that the median salary for its MBA graduates of the Class of 2021 was $155,000. This figure marks an all-time high for the graduate business program. And as for the percentage of graduates in the Class of 2021 who were offered jobs, 99% received at least one offer. Hey, employers are clamoring for workers right now so it’s a good time to be looking for work!
As Ren Yagawara reports for The Daily Pennsylvanian in a piece entitled “Wharton MBA Class of 2021 reports highest-ever median salary at $155,000,” “This year’s report showed an uptick in job offers compared to the Class of 2020, which reported that less than 95% of graduates received a full-time job offer — the lowest percentage since 2010. CNN reported that nationally, the Class of 2020’s job prospects were the worst ‘since the Great Depression’ because of the economic downfall brought on by the COVID-19 pandemic. The report found that 36% of graduates were students of color in the United States and 30% were international students. According to the Nov. 9 report, the graduating class saw a higher percentage of job offers and a record-breaking median salary, despite an 11.5% decrease in the internship median salary the year prior. The percentage of international job offers also decreased by nearly 6 percentage points in the Class of 2021, from 13.4% in the Class of 2020 to 7.6% this year.”
We’re happy to see so many of Wharton’s MBA grads are finding high-paying jobs. After all, these same students didn’t get to take full advantage of their MBAs like classes before them since a good portion of their studies were conducted remotely due to the pandemic. And it’s especially great to see such a high percentage of graduates accepting high-paying jobs after a year in which prospects weren’t nearly as strong. So much can change in a mere five hundred twenty five thousand six hundred minutes. How can you measure life in a year?
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