1. MBA Career Management Long term Career Management for MBA Alumni: Career Resources and Staying Connected to Wharton Cara Costello, Senior Associate Director, Alumni Services May 2009

2. Alumni (room) Office Primary Contact Website MBA (250) MBA CM Cara Costello(tcara@wharton.upenn.edu) http://mbacareers.wharton.upenn.edu Undergrad( 255) CS Barb Hewitt(hewittb@upenn.edu) http://www.vpul.upenn.edu/careerservices SERVICE OVERVIEW Office Mission Empower MBA students and alumni to achieve their short- and long-term career goals by developing their life-long career management skills, cultivating employer relationships and providing access to the highest caliber resources and job opportunities. Office Objectives Provide realistic perspective on job search challenges Share tangible strategies and tactical advice for achieving success Uncover employment opportunities and make them as accessible as possible

3. Office Overview Job Market Update Job Search Resources Career Development/Networking Resources Opportunities for Alumni Involvement Questions AGENDA

4. MBA CAREER MANAGEMENT STAFF Career Advisors Consulting, EntrepreneurshipRebecca Hollander (interim) Jessica Glazer Biotech/Pharmaceuticals/ Healthcare Sara Simons Investment Management, Hedge Funds Virginia Jennings Public Interest, Social Impact, Non- Profit, Government Jennifer Savoie Energy Technology, Telecom/Wireless Manufacturing, General Management Chris HigginsKristi Schlegel-Miller Consumer Products/Retail Media & EntertainmentHolly Jackson Real Estate, Travel & HospitalityShannon Connelly Private Equity, Venture CapitalRebecca Hollander Investment Banking, Sales & Trading, Diversified Financial Services Maryellen LambAnthony Penna Global CareersSam JonesVaries Areas of Focus Cara Costello Elissa Harris Michelle Hopping Lauren Heath Tiya McIver Alumni Services Employer Services Programs and Communications OCRS Coordinator Front Desk Jessica Wild Recruiting Relationship Managers

5. Created and filled 3 new full time office positions − Global Careers Advisor, Associate Director-Employer Services and Senior Associate Director- Alumni Services Launch of the Alumni Resume Book −Over 1,300 MBA alumni resumes Creation of the new online appointment scheduling system New online resources −Wet Feet Guides, Interview Stream, Wharton Alumni LinkedIn Network Location-specific programs offered −NY alumni panel and advising sessions −Global Forum presentations −Reunion Weekend career programming Regional alumni club-specific programs offered −NY Career Fair −MBA Global Forum (virtual career fair) −India Global Alumni Mentoring Network Increased domestic and international corporate outreach −Visited over 25 cities across 12 countries and met with 330+ companies and 300+ alumni NEW CAREER INITIATIVES FOR MBA ALUMNI

6. Office Overview Job Market Update Job Search Resources Career Development/Networking Resources Opportunities for Alumni Involvement Questions AGENDA

7. 7 HIRING OUTLOOK: Employer Perspective Conservative approach to hiring No room for over hiring – 1:1 headcount-hire ratio Filling full-time positions with interns where possible Decrease in on-campus recruiting activity Sanders-Grassley Amendment concerns about international applicants Large, competitive and experienced candidate pool of recent MBA graduates available 7

8. 8 HIRING OUTLOOK: Student Perspective 424 (63%) 2nd year students have reported receiving an offer vs. 601 (82% ) students at this time last year Full-time employment rates comparable between international and US students Median base salaries steady; downward pressure on discretionary compensation Full time employment rates comparable between international and US students Delayed start dates from ~10 companies, mostly consulting firms; 4 rescinded offers (2 related to visa issues) 8

9. 9 Over 100 alumni advising appointments in last 12 weeks Majority graduated within last 1-10 years Focused on layoffs in finance: banking, investment management, hedge funds, private equity, real estate Concentrated in New York City Some considering global opportunities and contract work HIRING OUTLOOK: Alumni Perspective

10. Office Overview Job Market Update Job Search Resources Career Development/Networking Resources Opportunities for Alumni Involvement Questions AGENDA

11. Self Assessment Market Research & Strategy Development NetworkingResume(s) Job Experience Job Search Letter(s) Interviews Offer Management NewJobNewJob Offer(s) MBA CAREER MANAGEMENT CAREER PROCESS Alumni Advisor (Career Leader product ) Other Self Assessment Resources Factiva MBA Exchange (company profile section) Wetfeet Wharton Alumni Connect Wharton LinkedIn Group Regional Alumni Clubs CareerSearch Database Guide to Managing Your Career (resume chapter) The Alumni Resume Book Interview stream Guide to Managing Your Career (interview chapter) Salary and Relocation Website Information Guide to Managing Your Career (job search letters chapter)

12. Conduct Self Assessment I mportant to continuously evaluate your competencies, interests and values since these do often change over time. WHY? Allows you to identify potential options and existing gaps to help you define an actionable career roadmap SELF ASSESSMENT HOW? Utilize self reflection, performance reviews, self assessment tools, friends/family/mentors’ input

13. SELF ASSESSMENT RESOURCES

14. What role should the current market play in my job search strategy? What are some job search tips that I can utilize in a tough economy? I find that I need to adapt my long term career plan. How do I get back on track? Which PHILLY resources can I leverage at Wharton? JOB SEARCH FAQs

15. JOB SEARCH RESOURCES

16. WHARTON JOB BOARD

17. Office Overview Job Market Update Job Search Resources Career Development/Networking Resources Opportunities for Alumni Involvement Questions AGENDA

18. Effectively managing your career ≠ managing a series of reactionary job searches Ideally, a continual, proactive process, not a one time or intermittent event The most effective time to focus on managing your career is when you are NOT looking for a job MANAGING YOUR LONG TERM CAREER

19. CAREER DEVELOPMENT RESOURCES Networking “Best Practices” 1.) Embrace the informational meeting 2.) Ask how you can “give back” during these meetings 3.) Create your own “Board of Directors” 4.) Utilize the Wharton Network Networking Resources Wharton Alumni Connect Regional Alumni Clubs Wharton Linked In Network

20. Office Overview Job Market Update Job Search Resources Career Development/Networking Resources Opportunities for Alumni Involvement Questions AGENDA

21. OPPORTUNITIES FOR ALUMNI INVOLVEMENT Leverage Alumni Events Participate and/or Take Leadership Positions within Alumni Clubs Participate in Global Alumni Forums Attend Wharton Reunions Participate in Alumni LinkedIn group Volunteer with Admissions Learn with Wharton Read Wharton Alumni Magazine, Wharton e-update newsletter and Knowledge@Wharton Attend Executive Education classes Attend Conferences Use Lippincott Library resources for alumni Factiva Give Back “Take the Call” from current students and alumni / offer to help Update Your Profile in the Alumni Directory (via Wharton Connect). Submit Class Notes Build the Wharton brand Volunteer with Students Host a Career Trek Offer your time to professional clubs and conferences – review resumes, conduct mock interviews, speak on a panel, etc Hire Wharton Volunteer to be a Team Captain Review the free Updated Resume Book Promote the Wharton Brand / Adhere to Wharton recruiting policies

22. Wharton MBA students are highly competitive and talented Tap into the diverse international student body (40%) Shape young talent out of graduate school to your corporate culture Be an advocate for hiring Wharton students in your company Resources MBA Career Management Staff Online Updated Wharton Resume Book (now available) Wharton Job Board On Campus Recruiting Host an Employer Information Session Host a Wharton Trek Global Career Forum HIRE WHARTON

23. WHERE DO I LEARN MORE? Resource / InitiativeWhere to Get More Information Wharton Alumni Affairshttp://whartonconnect.com http://www.wharton.upenn.edu/alumni/contactus.cfm Wharton Alumni MBA Career Management 215.898.4383 / mbacareers@wharton.upenn.edu http://mbacareers.wharton.upenn.edu/alumni (Cara Costello) Wharton Alumni Clubsalumniaffairs@wharton.upenn.edu http://www.wharton.upenn.edu/alumni/Clubs.cfm Wharton Reunions215.898.8478 / reunion@wharton.upenn.edu http://www.wharton.upenn.edu/alumni/reunion/2009/ Wharton Global Alumni Forums215.746.2258 / globalalumniforums@wharton.upenn.edu http://www.wharton.upenn.edu/alumni/forums/2009/index.cfm Wharton Alumni Directoryhttp://www.whartonconnect.com/directory.html Wharton Speakers Bureauhttp://www.wharton.upenn.edu/alumni/speaker/ Wharton Admissions Volunteer215.898.6895 / admissionsconnect@wharton.upenn.edu http://apps.wharton.upenn.edu/admissionsconnect/ Campaign for Wharton215.898.8479 / external.affairs@wharton.upenn.edu http://www.thecampaignforwharton.com/ Computing and Web-Related Issuesconsultant@wharton.upenn.edu

24. QUESTIONS Cara Costello Senior Associate Director- Alumni Services Wharton MBA Career Management tcara@wharton.upenn.edu +1 215-898-3318