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Summer 2015 Employment ReportWharton Undergraduate Class of 2016 – Rising SeniorsStudent responses were collected using an online survey between August 2015 and December 2015. Of the 657 Whartonseniors scheduled to graduate during the 2015 – 2016 academic year, 332 completed the survey (51%% response rate). Ofthose, 321 students indicated they worked during the summer (317 full-time, 3 part-time, and 1 didn’t specify number of hoursworked) while 11 pursued other activities.Employed Full-Time# Respondents:317% Respondents:95.5%Paid Experience:307Unpaid Experience:9Paid Status Unknown1# Reporting Salary:275Average Monthly Salary: 5,869Average Hours Worked PerWeek: 61Range of Hours:30 - 120Employed Part-Time# Respondents:3% Respondents:0.9%Paid Experience:3Unpaid Experience:0Employed (hours not specified)# Respondents:1% Respondents:0.3%Other Activities# Respondents:11% Respondents: 3.3%Completed Classes: 4Travel:2Other:5# Reporting Salary:3Average Monthly Salary: 1,693Average Hours WorkedPer Week: 22Range of Hours: 20-25Job Functions of Wharton Interns (including full and part-time positions)Accounting Venture Capital0.9% Communications Educ/Govt/0.6%SecuritiesNonprofit0.9%ResearchReal ivate EquityFinance: Sales7.2%1.6%OtherFinance:2.8%TradingFinancial 2.5%MarketingPlanning &7.8%Analysis anceManagement3.8%1.9%5.6%We saw a larger percentage of students(17.2%) enter consulting during the summerof 2015, up from 12.6% in 2014. Alsopopular for summer 2015 (as in previousyears) were various areas of financeincluding investment banking, investmentmanagement, private equity, securitiesresearch, sales & trading, and internalfinancial planning and analysis.Fewer students pursued marketing internships (7.2%, down from 9.9% in 2014).Average monthly compensation across allfull-time positions increased to 5,869 from 4,981 in 2014.Primary Summer ExperienceThe vast majority of Wharton students (92.5%) participated infull-time, paid internships over the summer, receiving anaverage monthly salary of 5,869.Smaller percentages pursued unpaid and/or part-time positionsor other activities such as classes, travel or independentresearch.Prepared by Barbara HewittSenior Associate DirectorCareer Services, Division of VPULUniversity of PennsylvaniaFebruary 2016-1-Internship (hours/pay unknown)0.6% Full-timePart-time l-timePaidInternship92.5%

Average Monthly Summer Salary By School of EnrollmentSalary statistics are based on 275 students who worked full-time during the summer in paid positions and reported salary data.SCHOOL OF ENROLLMENT# OFRESPONDENTSAVERAGE MONTHLYSALARYMONTHLYSALARY RANGEWharton173 5,746 800 - 25,000Wharton / College42 5,912 1,200 - 20,000Wharton / Engineering59 6,265 1,000 - 20,000Wharton / Nursing1*** Salary statistics are not released for categories representing less than 1% percent of respondents.Average Monthly Summer Salary By IndustryINDUSTRY# (%)AVERAGE MONTHSALARYMONTHLYSALARY RANGEACCOUNTING1 (0.4%)**COMMUNICATIONSAdvertising/Public RelationsMedia/Entertainment4 (1.5%)1 (0.4%)3 (1.0%) 2,434* 2,845 1,200 - 4,00045 (16.4%) 5,043 1,280 - 9,0004 (1.5%) 1,612 1,408 - 2,0002 (0.7%)2 (0.7%)****3 (1.0%) 4,693 3,000 - 7,080168 (61.1%) 6,891 1,000 - 25,00010 (3.6%)12 (4.4%)106 (38.5%)10 (3.6%)26 (9.5%)4 (1.5%) 4,138 7,969 7,235 6,603 6,359 5,604 1,200 - 6,800 3,000 - 15,000 1,000 - 25,000 3,000 - 10,540 1,500 - 10,000 4,500 - 7,500GOVERNMENT1 (0.4%)**HEALTHCARE1 (0.4%)**HOSPITALITY/LEISURE/RECREA./SPORTS5 (1.8%) 3,357 1,733 - 5,654INSURANCE2 (0.7%)**MANUFACTURING8 (2.9%)1 (0.4%) 3,037* 1,760 - 5,000*CONSULTINGEDUCATIONHigher EducationResearch Labs / Centers - Higher EducationENERGY/NATURAL RES. /UTIL.FINANCIAL SERVICESDiversified Financial ServicesHedge FundInvestment Banking / BrokerageInvestment Management / CounselPrivate EquityVenture CapitalAutomotive-2- 1,680 - 4,000

Consumer ProductsBiomedical Products/ PharmaceuticalsOther4 (1.5%)2 (0.7%)1 (0.4%) 2,524** 1,760 - 4,577**REAL ESTATE4 (1.5%) 2,934 1,400 - 6,400RETAIL / WHOLESALE8 (2.9%) 3,430 1,600 - 5,800TECHNOLOGY20 (7.3%) 4,922 800 - 8,800*TRANSPORTATION1 (0.4%)* Salary statistics are not released for categories representing less than 1% percent of respondents.*Average Monthly Summer Salary Job TypeJOB TYPE# (%)AVERAGE MONTHLYSALARYMONTHLY SALARYRANGEInternal Accounting2 (0.7%)2 (0.7%)****ProductionAdvertising/Account Mgmt./Media Planning2 (0.7%)1 (0.4%)1 (0.4%)******49 (17.8%)37 (13.5%)4 (1.5%)8 (2.9%) 5,160 5,286 4,224 5,048 1,280 - 10,000 1,400 - 10,000 1,280 - 6,000 1,600 - 8,342ECONOMICSEconomic Research/Econometrics1 (0.4%)1 (0.4%)****EDUCATIONResearch1 (0.4%)1 (0.4%)****4 (1.5%)2 (0.7%)2 (0.7%) 6,185 3,200 - 7,260DesignProject Management**163 (59.3%)1 (0.4%)11 (4.0%)85 (30.9%)17 (6.2%)19 (6.9%)5 (1.8%)15 (5.5%)7 (2.6%)3 (1.1%) 6,810* 3,751 7,453 5,844 6,868 5,200 6,979 7,779 4,972 1,000 - 25,000* 1,733 - 8,000 1,000 - 25,000 3,000 - 10,000 1,500 - 10,800 2,000 - 7,000 1,500 - 15,000 6,667 - 10,200 4,500 - 5,41612 (4.4%)1 (0.4%)2 (0.7%)1 (0.4%)7 (2.6%) 5,688*** 6,571 800 - 8,800*** 1,000 - StrategyResearchTechnical / Information SystemsENGINEERINGFINANCEComplianceFinancial Planning & Analysis (non-bnk)Investment Banking AnalystInvestment Management / CounselPrivate Equity AnalystSalesSecurities Research AnalystTradingVenture CapitalINFORMATION TECHNOLOGYData Analyst / AdministratorProgram ManagerProgrammerSoftware Developer / Engineer-3-

Technical Analyst1 (0.4%)**ActuarialRisk4 (1.5%)3 (1.1%)1 (0.4%) 3,626 4,482* 1,058 - 4,880 3,880 - 4,880*Entrepreneur / FounderGeneral ManagementHuman ResourcesOperations7 (2.5%)1 (0.3%)3 (1.1%)2 (0.7%)1 (0.4%) 3,569* 3,393** 3,000 - 5,000* 3,200 - 3,780**Buyer / MerchandisingMarketing Analysis / ResearchNew Business DevelopmentProduct / Brand Management19 (6.9%)2 (0.7%)7 (2.6%)1 (0.4%)9 (3.3%) 3,124* 2,966* 2,822 1,200 - 5,900* 1,200 - 5,000* 1,200 - 5,900Nurse Extern / Student Nurse1 (0.4%)1 (0.4%)****1 (0.4%)**DevelopmentReal Estate Investment AnalysisSales7 (2.6%)1 (0.4%)5 (1.8%)1 (0.4%) 4,682* 5,795* 1,400 - 7,500* 1,536 - 7,500*SCIENTIFIC RESEARCHScientific Research: Biomedical - Other2 (0.7%)2 REAL ESTATE* Salary statistics are not released for categories representing less than 1% percent of respondents.Geographic Distribution of InternsIncludes 320 students who reported internship location. 6.9% of students reported interning abroad.UNITED t of otaNew JerseyNew YorkNorth CarolinaOhioPennsylvaniaRhode ileChinaGermanyIsraelNetherlandsSingaporeUnited Kingdom-4-111111115

Organizations Employing Four or More Wharton InternsJ. P. MorganGoldman SachsBlackstonePwC (including Strategy&)Credit SuisseMorgan StanleyBoston Consulting GroupBarclaysDeutsche BankMoelis & Co.1814121110108766CitigroupUBSUniversity of PennsylvaniaAmerican ExpressBank of America Merrill LynchIBMLazardMasterCardSilver Lake PartnersZS Associates5554444444Date Internship Offer Was ReceivedIncludes 300 students who reported when they received their offers.Prior to December 2014January 2015 – February 2015March 2015April 2015May 2015June 2015 or later20.7%43.0%20.7%8.3%3.3%4.0%How Students Obtained InternshipsIncludes 316 students who reported how they obtained their internships.Other CareerServices Leads(non-OCR)9.5%Special Program1.3%Online Site0.3%Other1.6%Penn ofessor10.4%PreviousEmployer3.5%Applied Directly17.7%On-CampusRecruiting (OCR)55.1%-5-The most common method forstudents to obtain their internshipswas through the On-CampusRecruiting Program (55.1%) whileanother 9.5% found opportunitiesthrough other Career Services leadssuch as internship postings or careerfairs.Applying directly to organizationswas also an effective way forstudents to find internships, with17.7% indicating they obtainedtheir internship that way, as wasnetworking with 10.4% indicatingthey found their internship througha contact.

Internship ListingsStudents responding to the summer survey provided the names and locations of the organizations they worked for, along withtheir job titles. The list is organized by student concentration and major (for dual degree students).Wharton Degree OnlyAccountingFTI Consulting, Washington, DC: Forensic Accounting InternAccounting / FinanceBlackstone Group, New York, NY: Summer AnalystBlackstone Group, New York, NY: Summer AnalystCenterview Partners, New York, NY: AnalystCenterview Partners, New York, NY: Summer Investment Banking AnalystCredit Suisse, New York, NY: Summer AnalystCredit Suisse, San Francisco, CA: AnalystJ.P. Morgan, New York, NY: Sales & Trading Summer AnalystJ.P. Morgan, New York, NY: Summer AnalystKKR, New York, NY: Summer AnalystPNC Capital Markets, New York, NY: Investment Banking Summer AnalystRothschild, New York, NY: Investment Banking Summer AnalystSilver Lake Partners, New York, NY: Summer AnalystUBS, New York, NY: Summer AnalystUBS, New York, NY: Summer AnalystAccounting / Finance / Operations and Information ManagementAres Management, Los Angeles, CA: Private Equity Summer AnalystJ.P. Morgan, Hong Kong, China: Summer AnalystMoelis & Company, New York, NY: Summer AnalystOliver Wyman, New York, NY: Consulting InternSankaty Advisors, Boston, MA: Summer AnalystSilver Lake Partners, New York, NY: Summer AnalystAccounting / Finance / StatisticsBlackstone Group, New York, NY: Summer AnalystCredit Suisse, New York, NY: Summer AnalystSilver Lake Partners, Menlo Park, CA: Summer AnalystAccounting / Global Analysis / Real EstateUniversity of Pennsylvania, Philadelphia, PA: Real Estate Market Research AssistantAccounting / ManagementDeutsche Bank, New York, NY: Markets Analyst InternAccounting / Marketing and Operations ManagementUdemy, San Francisco, CA: Growth Marketing InternActuarial Science / FinanceAon Hewitt, San Francisco, CA: Actuarial InternAon, Norwalk, CT: Actuarial InternPricewaterhouseCoopers, New York, NY: Actuarial Services InternActuarial Science / ManagementAon Hewitt, Boston, MA: Actuarial InternBehavioral EconomicsIntel Corporation, San Francisco, CA: Program Management Intern-6-