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Overall Outcomes Statistics Across All Business MajorsPenn State Smeal College of Business2017-2018 UndergraduateOutcomes ReportFull-Time Internship Co-opPenn State Smeal College of Business1
Overall Outcomes Statistics: All Business Majors*78%82.2% 60,093AverageStarting Salary*2016-201782.2%of students wereplaced by graduation 4% 1.9%higher than2016-2017 averagesalary ( 58,975)2017-2018increase in student placementfrom 2016-2017 to 2017-2018 6,024Student Outcomes at Graduation by PopulationTotalDomesticInternationalFull-Time y 1% 1%2.2%Public Service 1% 1%0%Entrepreneurship 1% 1%1.1%Further Education/Fellowship11%6.5%45.8%Still Seeking (No Offer)17.8%16.6%26.8%Students ReportingInternships/Co-ops86.2%88%72.1%*Data was collected through an optional student survey distributed prior to Summer 2017, Fall 2017, and Spring 2018commencements. We received 1,543 of 1,915 graduating student responses (81% response rate).AverageSigning Bonus50%Receiveda Bonus 4,576AverageRelocation Bonus26%Receiveda BonusPenn State Smeal College of Business2
Full-Time Employment StatisticsStudents were offered positions in 32 states and international locations.Student Placement byGeographic LocationPA: 30.4%NY: 21.5%NJ: 9.6%MA: 4.9%VA: 4.8%DE, MD, CA, TX, DC, CT, FL, IL, OH,NC, International: 1-3.5% eachOther States: Less than 1% eachAll other states: 0%Salary byGeographic LocationNortheast: 63,630Mid-Atlantic: 57,308South: 57,957Southwest: 59,657West: 60,606Midwest: 61,652Penn State Smeal College of Business3
Placement by Major OverviewMajorPlacementby ccounting90%91% Domestic85% International 59,216 5,55127% 5,3659%CIENT82%** 57,500 5,16738% 6,45025% 64,577 7,01164% 5,36022% 53,510 5,81948% 4,64328% 62,646 6,18950% 4,00024% 53,786 4,10240% 3,77228% 69,363 5,76366% 4,50517% 57,628 4,92951% 3,87510%FinanceManagementManagementInformation SystemsMarketingRisk Management:Actuarial ScienceRisk Management:Enterprise82%84% Domestic72% International74%72% Domestic100% International79%79% Domestic71% International77%79% Domestic60% International69%77% Domestic40% International83%83% Domestic100% International% Receiving Average % ReceivingSigningRelocation RelocationBonusBonusBonusRisk Management:Real Estate80%** 57,875 5,50025% 7,00025%Supply Chain andInformation Systems85%87% Domestic71% International 60,220 6,12956% 4,39044%*% placed includes: Full-time job offers, further education/fellowship, entrepreneurship, public service, post-graduate internship, and military.**Placements rates are given for international and domestic populations by major when there is enough data to report per population.Penn State Smeal College of Business4
Top Hiring Companies (Full-Time)47hires46hires20 HiresAmazon.comGrant Thornton InternationalIBMJPMorgan Chase & Co.15-19Hires10-14HiresBank of America Corp.PepsiCoPNC Financial ServicesTextronVanguardRSM InternationalTJX Companies5-9 HiresAccentureAIGALDIAXA AdvisorsBaker TillyBurlingtonCitiDellDick’s Sporting GoodsGEJohnson & JohnsonMorgan StanleyPrudential FinancialRoss StoresTargetUBS3-4 HiresBechtel Plant MachineryBlackRockBNY MellonBoeingCGI FederalCignaClark AssociatesCliftonLarsonAllen, LLPCollaberaDanaherDaversa PartnersDHLExxonMobil Corp.FergusonFreedom MortgageGeicoHighmarkHome DepotHughes Network SystemsInsight Global, Inc.Lockheed MartinL’OrealMars Chocolate North AmericaNorthrop GrummanNorthwestern Mutual FinancialNetworkPPG IndustriesReckitt BenckiserRolls-RoyceSEISiemensTE Connectivity Ltd.The Hershey CompanyVerizon CommunicationsWillis Towers WatsonYelp42hires36hires35hires1-2 Hires234 other companies!Penn State Smeal College of Business5
Top Hiring Companies (Internship/Co-Op)60hires4715-21Hires Morgan Stanley PepsiCo PNC Financial Services Textron10-14Hires IBM Northwestern MutualFinancial Network Pfizer Ross Stores TJX Companies UBS VerizonCommunicationshires46hires5-9 Hires43hires40hires33hires3-4 Hires31hires31hires1-2 HiresBoeingCitiDick’s Sporting GoodsGEGrant ThorntonInternational AIGALDIAltriaAmazon.comBaker TillyBank of ChinaBNY MellonBDOBurlingtonComcastCovestroThe Walt DisneyCompany DuPont Anheuser Busch Aon Hewitt AstraZenecaPharmaceuticals BASF BBDO Bentley Systems Bloomberg BlueCross BlueShieldof Western New York Campbell SoupCompany Cenlar China Merchant Bank CHUBB Cigna Clark Associates CliftonLarsonAllen LLP Colonial Electric Supply Dell Donegal MutualInsurance Company Eagle Pharmaceuticals Estee Lauder F.N.B. Corporation Hasbro ICBC Intel JDA Software Johnson Matthey Keurig M&T Bank Mondelez International Nationwide Insurance PSECU PVH Corp. Radian GroupFord Motor CompanyGoldman SachsIngersoll sMars Chocolate NorthAmerica Merck & Co. New York LifeInsurance Company Northrop GrummanPPG IndustriesPrudential FinancialReckitt BenckiserRSM InternationalSiemensTargetTE Connectivity Ltd.TerraCycleThe Hershey CompanyVisionese SAP America, Inc.ServiceNowSheetzThermo FisherScientificUniversity ofPennsylvaniaUPMCUPCEAVanguardWalmartThe Walt DisneyCompanyWells FargoWest PharmaceuticalServicesWillis Towers WatsonInvestors BankWithum Smith &Brown 587 other companies!Penn State Smeal College of Business6
Full-Time Industries and FunctionsFull-Time Employment by IndustryFull-Time Employment by FunctionFinancial Services: 21%Tech/Science: 11%Finance/Accounting: 35%MIS: 3%Accounting: 17%Manufacturing: 6%Consulting: 18%Human Resources: 1%Consumer Products/Retail: 17%Pharma/Biotech/Health: 4%Marketing/Sales: 14%Operations: 1%Consulting Services: 12%Other: 12%Logistics/Transportation: 7%Other: 7%General Management: 4%Penn State Smeal College of Business7
Placement by Major: AccountingFull-Time Employment by FunctionOverall Student Outcomes(total responses: 251)Full-Time Offers61%Further Education/Fellowship25%Finance/Accounting: 91%Post-Graduation Internship4%Consulting: 7.5%Military 1%Entrepreneurship 1%Other: 1.5%Still Seeking, No Offer10%% with 1 internship85%Top Hiring Companies: Full-Time ------PwC 26 -- Grant ThorntonKPMG 23InternationalDeloitte 23 -- PNC Financial ServicesEY 19 -- CliftonLarsonAllen, LLPRSM International10433Full-Time Employment by IndustryAccounting: 79%Consulting Services: 6%Top Hiring Companies: Internships --------PwC 33EY 30Deloitte 25KPMG 23BDO6Baker Tilly5RSM International5Average Salary------ Dick’s Sporting Goods-- Grant ThorntonInternational-- CliftonLarsonAllen, LLP-- DuPont-- GEFull-Time: 59,216 yearlyIntern: 22.97 hourly86% of junior year internshipswere paid4Manufacturing: 3%Consumer Products/Retail: 1%3333Signing Bonuses---Financial Services: 6%Average Signing Bonus: 5,551Percentage of students receiving abonus: 27% Due to space constraints, companies are only listed if they hired three or more students.Other: 4%Relocation Bonuses---Average Relocation Bonus: 5,365Percentage of students receiving abonus: 9%Penn State Smeal College of Business8
Placement by Major: Corporate Innovation and EntrepreneurshipFull-Time Employment by FunctionOverall Student Outcomes(total responses: 34)Full-Time Offers68%Further Education/Fellowship12%Entrepreneurship3%Still Seeking, No Offer18%% with 1 internship77%Marketing/Sales: 44%Consulting: 25%Finance/Accounting: 18.5%General Management: 12.5%Top Hiring Companies: Full-Time*---Oracle 4IBM 2Top Hiring Companies: Internships*--Citi 2Full-Time Employment by IndustryAverage Salary----Full-Time: 57,500 yearlyIntern: 18.27 hourly76% of junior year internships were paidTech/Science: 18.5%Financial Services: 18.5%Consulting Services: 12.5%Non-Profit: 6%Signing Bonuses---Average Signing Bonus: 5,167Percentage of students receiving a bonus: 38%Relocation Bonuses---Average Relocation Bonus: 6,450Percentage of students receiving a bonus: 25%*To maintain student confidentiality, companies who hired one Penn State student are not reported here.Pharma/Biotech/Health: 6%Sports/Leisure: 6%Transportation: 6%Other: 12.5%Penn State Smeal College of Business9
Placement by Major: FinanceFull-Time Employment by FunctionOverall Student Outcomes(total responses: 362)Full-Time Offers68%Finance/Accounting: 68%Further Education/Fellowship12%Post-Graduation Internship 1%Consulting: 20%Public Service 1%Entrepreneurship1%Still Seeking, No Offer18%% with 1 internship85%Marketing/Sales: 3%Management: 2%Other: 7%Top Hiring Companies: Full-Time --------JPMorgan Chase & Co. 17Bank of America Corp. 13PNC Financial Services 11Deloitte 10KPMG9Citi8EY 8-- Vanguard 7-- Grant ThorntonInternational 7-- AXA Advisors6-- IBM 6-- Textron 6-- UBS 6Full-Time Employment by IndustryFinancial Services: 54%Consulting Services: 11%Accounting: 7%Manufacturing: 5%Top Hiring Companies: Internships ---------JPMorgan Chase & Co. 22Bank of America Corp. 20KPMG 13Morgan Stanley12PwC 11PNC Financial Services 10Johnson & Johnson10UBS9Average Salary------------TextronDeloitteBoeingCitiGoldman SachsEYGEFull-Time: 64,577 yearlyIntern: 22.83 hourly83% of junior year internships were paidSigning Bonuses---Pharma/Biotech/Health: 5%8877766Average Signing Bonus: 7,011Percentage of students receiving abonus: 64% Due to space constraints, companies are only listed if they hired six or more students.Tech/Science: 5%Consumer Products/Retail: 2%Petroleum/Energy: 2%Other: 8.5%Relocation Bonuses---Average Relocation Bonus: 5,360Percentage of students receiving abonus: 22Penn State Smeal College of Business10
Placement by Major: ManagementFull-Time Employment by FunctionOverall Student Outcomes(total responses: 95)General Management: 28%Full-Time Offers61%Further Education/Fellowship12%Military 1%Still Seeking, No Offer26%Consulting: 12%% with 1 internship78%Operations: 10%Human Resources: 16%Marketing/Sales: 16%Finance/Accounting: 2%Top Hiring Companies: Full-Time*-- Amazon.com 6-- Oracle 5-- Vanguard 4-- Textron 3-- EY 2-- Highpoint Solutions2Other: 8%Full-Time Employment by IndustryConsumer Products/Retail: 24%Tech/Science: 12%Consulting Services: 10%Financial Services: 10%Manufacturing: 6%Pharma/Biotech/Health: 4%Government/Education: 2%Petroleum/Energy: 2%Real Estate: 2%Sports/Leisure: 2%Transportation: 2%Accounting: 1%Top Hiring Companies: Internships*---------Penn State5Amazon.com 3Aldi 2Kohl’s 2Macy’s 2Dorman Products2Textron 2Tao Group2Average Salary----------MCSMortgage Bankers, Inc. 2Pfizer2PSECU 2Public FinancialManagement 2Xerox Corporation2Full-Time: 53,510 yearlyIntern: 17.47 hourly86% of junior year internshipswere paidSigning Bonuses---Average Signing Bonus: 5,819Percentage of students receiving abonus: 48%*To maintain student confidentiality, companies who hired one Penn State student are not reported here.Relocation Bonuses---Average Relocation Bonus: 4,643Percentage of students receiving abonus: 28%Penn State Smeal College of Business11
Placement by Major: Management Information SystemsFull-Time Employment by FunctionOverall Student Outcomes(total responses: 103)----------------Full-Time Offers74%MIS: 33%Further Education/Fellowship3%Consulting: 32%Post-Graduation Internship 1%Finance/Accounting: 9%Military 1%Still Seeking, No Offer21%Marketing/Sales: 7.5%% with 1 internship84%Top Hiring Companies: Full-TimePwC 6KPMG 4Deloitte 3CGI Federal3Accenture 2BlackRock 2--------Full-Time: 62,646 yearlyIntern: 20.19 hourly84% of junior year internshipswere paidLogistics/Transportation: 4%*IBM 2PepsiCo 2SEI 2Oracle 2Grant ThorntonInternational 2Top Hiring Companies: InternshipsPwC 5Johnson & Johnson4Penn State3KPMG 3Bank of America Corp. 3JPMorgan Chase & Co. 2L’Oreal 2PepsiCo 2SEI 2Average Salary----------Operations: 7.5%Other: 3.5%Full-Time Employment by IndustryConsulting Services: 29%Financial Services: 17%*Accounting: 14%UPMC 2CHUBB 2Dun & Bradstreet2IBM 2Tonicorp 2VerizonCommunications2VSP 2Signing Bonuses---Average Signing Bonus: 6,189Percentage of students receiving abonus: 50%*To maintain student confidentiality, companies who hired one Penn State student are not reported here.Tech/Science: 12%Consumer Products/Retail: 11%Manufacturing: 6%Other: 7.5%Relocation Bonuses---Average Relocation Bonus: 4,000Percentage of students receiving abonus: 24%Penn State Smeal College of Business12
Placement by Major: MarketingFull-Time Employment by FunctionOverall Student Outcomes(total responses: 249)Marketing/Sales: 63%Full-Time Offers65%Further Education/Fellowship6%Post-Graduation Internship2%Public Service1%Entrepreneurship1%Finance/Accounting: 3%Military 1%Human Resources: 2%Still Seeking, No Offer23%Operations: 1%% with 1 internship87%Other: 9%Top Hiring Companies: Full-Time -----OracleTJX CompaniesPepsiCoIBM20955-----Yelp 4Dick’s Sporting Goods 3JPMorgan Chase & Co. 3Ross Stores3Consulting: 13%General Management: 5%Logistics/Transportation: 4%Full-Time Employment by IndustryConsumer Products/Retail: 24%Tech/Science: 24%Consulting Services: 13%Top Hiring Companies: Internships -------Penn StateTJX CompaniesPepsiCoAltriaMacy’sTargetAverage Salary----1095444------Financial Services: 6%Visionese 4Burlington 3Disney 3Reckitt Benckiser3Ross Stores3Full-Time: 53,786 yearlyIntern: 16.94 hourly77% of junior year internships were paidSigning Bonuses---Average Signing Bonus: 4,102Percentage of students receiving abonus: 40% Due to space constraints, companies are only listed if they hired three or more students.Pharma/Biotech/Health: 4%Sports/Leisure: 4%Media/Entertainment: 3%Manufacturing: 2%Other: 20%Relocation Bonuses---Average Relocation Bonus: 3,772Percentage of students receiving abonus: 28%Penn State Smeal College of Business13
Placement by Major: Risk Management - Actuarial ScienceFull-Time Employment by FunctionOverall Student Outcomes(total responses: 45)Full-Time Offers64%Further Education/Fellowship4%Actuarial: 45%Still Seeking, No Offer31%Consulting: 34%% with 1 internship93%Finance/Accounting: 17%Operations: 3%Top Hiring Companies: Full-Time*-----Prudential Financial3PwC 2Transamerica 2New York LifeInsurance Company2----Kennedy-CatalanoAdvisors 2Deloitte 2AON Hewitt2Full-Time Employment by IndustryTop Hiring Companies: Internships*-------Prudential Financial6BlueCross BlueShield3Western New YorkDeloitte 3AON Hewitt2Genworth Financial2Kennedy-CatalanoAdvisors 2Average Salary------ Nationwide Insurance 2-- New York LifeInsurance Company2-- Penn MutualLife Insurance2-- PwC 2-- Voya Financial2-- Willis Towers Watson2Full-Time: 69,363 yearlyIntern: 22.74 hourly100% of junior year internships were paidSigning Bonuses---Average Signing Bonus: 5,763Percentage of students receiving abonus: 66%*To maintain student confidentiality, companies who hired one Penn State student are not reported here.Financial Services: 48%Consulting Services: 24%Insurance: 17%Pharma/Biotech/Health: 3%Other: 8%Relocation Bonuses---Average Relocation Bonus: 4,505Percentage of students receiving abonus: 17%Penn State Smeal College of Business14
Placement by Major: Risk Management - Enterprise Risk ManagementFull-Time Employment by FunctionOverall Student Outcomes(total responses: 70)Full-Time Offers63%Further Education/Fellowship19%Consulting: 41%Entrepreneurship1%Finance/Accounting: 29%Still Seeking, No Offer17%% with one internship87%Marketing/Sales: 7%Operations: 7%Top Hiring Companies: Full-Time*------Grant ThorntonInternational 5EY 3PwC 3Vanguard 3Deloitte 2------Freedom Mortgage2JPMorgan Chase & Co. 2KPMG 2Oracle 2PNC Financial Services 2Other: 16%Full-Time Employment by IndustryTop Hiring Companies: Internships*-- PwC 6-- Grant ThorntonInternational 4-- AIG 2-- Geico 2-- JPMorgan Chase & Co. 2Average Salary-----------Financial Services: 37%KPMG 2Bentley Systems Inc.2Covestro 2Eagle Pharmaceuticals 2ITJ 2Penn State2Full-Time: 57,628 yearlyIntern: 19.16 hourly79% of junior year internships were paidSigning Bonuses---Average Signing Bonus: 4,929Percentage of students receiving abonus: 51%*To maintain student confidentiality, companies who hired one Penn State student are not reported here.Accounting: 24%Consulting Services: 10%Other: 29%Relocation Bonuses---Average Relocation Bonus: 3,875Percentage of students receiving abonus: 10%Penn State Smeal College of Business15
Placement by Major: Risk Management - Real EstateFull-Time Employment by FunctionOverall Student Outcomes(total responses: 14)Full-Time Offers80%Further Education/Fellowship7%Still Seeking, No Offer13%% with 1 internship80%Finance/Accounting: 37.5%Marketing/Sales: 25%General Management: 12.5%Other: 25%Top Hiring Companies: Full-Time*--No companies to reportTop Hiring Companies: Internships*--No companies to reportAverage Salary----Full-Time Employment by IndustryFull-Time: 57,875 yearlyIntern: 13.10 hourly100% of junior year internships were paidSigning Bonuses---Average Signing Bonus: 5,500Percentage of students receiving a bonus: 25%Real Estate: 62.5%Consumer Products/Retail: 12.5%Tech/Science: 12.5%Financial Services: 12.5%Relocation Bonuses---Average Relocation Bonus: 7,000Percentage of students receiving a bonus: 25%*To maintain student confidentiality, companies who hired one Penn State student are not reported here.Penn State Smeal College of Business16
Placement by Major: Supply Chain and Information SystemsFull-Time Employment by FunctionOverall Student Outcomes(total responses: 319)Operations: 40%Full-Time Offers79%Logistics/Transportation: 23%Further Education/Fellowship5%Military 1%Consulting: 16%Public Service 1%Entrepreneurship 1%Finance/Accounting: 3.5%Still Seeking, No Offer15%General Management: 2%% with 1 internship91%Other: 11%Top Hiring Companies: Full-Time -----Amazon.comIBMPepsiCoGrant ThorntonInternational13 -- Ross Stores59 -- Danaher 48 -- Dell 4-- Deloitte 47 -- PwC 4Marketing/Sales: 4%Full-Time Employment by IndustryConsumer Products/Retail: 29.5%Manufacturing: 12%Tech/Science: 12%Consulting Services: 11%Pharma/Health/Biotech: 8.5%Financial Services: 5%Accounting: 3%Transportation: 3%Government/Education: 1.5%Petroleum/Energy: 1%Sports/Leisure: 1%Utilities: 1%Other: 11%Top Hiring Companies: Internships ---------Johnson & Johnson22PepsiCo 11Ross Stores8The Hershey Company 8Amazon.com5Boeing5Kimberly-Clarke5Textron5Average Salary-------------Estee Lauder4PNC Financial Services 4L’Oreal 4BASF 4Walmart 4Hasbro 4Ingersoll Rand4Pfizer4Full-Time: 60,220 yearlyIntern: 19.36 hourly90% of junior year internships were paidSigning Bonuses---Average Signing Bonus: 6,129Percentage of students receiving abonus: 56% Due to space constraints, companies are only listed if they hired four or more students.Relocation Bonuses---Average Relocation Bonus: 4,390Percentage of students receiving abonus: 44%Penn State Smeal College of Business17
Student Engagement Report48%67%30%16%OF STUDENTSHAD ANINTERNATIONALEXPERIENCEOF STUDENTSPARTICIPATEDIN 1 CASECOMPETITIONOF STUDENTSWEREINVOLVEDIN 1 SMEALORGANIZATIONOF STUDENTSCOMPLETEDRESEARCHPenn State Smeal College of Business18
Thank You to Our Corporate Partners!Penn State Smeal College of Business19
Penn State Smeal College of Business 4 Major Placement by Student Population Average Salary Average Signing Bonus % Receiving Signing Bonus Average Relocation Bonus % Receiving Relocation Bonus Accounting 90% 91% Domestic 85% International 59,216 5,551 27% 5,365 9% CIENT 82%** 57,500 5,167 38% 6,450 25% Finance 82% 84% Domestic 72% .
