2011 Wharton graduates see salary increase
However, average salaries for Nursing graduates decreased for the Class of 2011
December 4, 2011, 9:50 pm · Updated December 6, 2011, 1:18 am·
While 2011 Wharton graduates have seen salary increases from the previous year, Nursing graduates face slimmer paychecks than before, according to the final Career Services’ Career Plans survey.
These annual surveys track the employment statuses of the most recent graduates in each undergraduate school — broken down into categories such as “full-time employed,” “graduate study” and “seeking employment.”
The Career Plans survey for the School of Nursing, which saw a 85 percent response rate, notes that the average salary for Nursing graduates has decreased from $60,325 to $56,665 — from the Class of 2010 to the Class of 2011.
In accordance with previous years, most graduates took positions in clinical nursing positions — most of which were in the Philadelphia and New York areas. The survey also revealed that Nursing graduates currently face a dire job market. Nursing recruiters cite budget cuts, a low census and low Registered Nurses turnover as factors that would deter a graduate from securing employment.
The Wharton Career Plans survey reveals that based on an 88.8 percent response rate, the average salary of a 2011 Wharton graduate increased by nearly $3,000 from that of the Class of 2010.
Goldman Sachs, Citi and Morgan Stanley were the top employers with the most accepted offers, according to the survey. Other employers include Abercrombie & Fitch, Kraft Foods and Google.
The survey explains that while most graduates — 89.5 percent — entered the work force, 5.6 percent continued on a path of higher education.
Final surveys for the College of Arts and Sciences and the School of Engineering and Applied Science have yet to be released.