BU alumni find work in an assortment of industries including the health care industry, the banking industry, and the health care services industry. The financial services industry registers as the most common industry among alumni. Median pay for those who graduated from BU amounts to approximately $74K.
There's a noticeable difference between the genders; where the average man hauls in $89K after graduating from BU, the average woman earns only $60K.
BU grads who become Marketing Directors garner financial rewards beyond any other job type for this group — these alumni rake in an average around $160K annually. However, Senior Software Engineers and Sales Engineers also rank as top-earners (bringing in about $90K and $80K, respectively). Marketing Managers wrap up the bottom of the pay scale, earning $60K.
BU alumni like Boston so much that they tend to stick around after graduation, with just under one in three grads staying on to find permanent employment. It is also not uncommon to find former BU students living and working in San Francisco, Calif. — this top-paying city is a popular destination with a median salary of $95K. BU alumni in Washington, DC can often be found sliding in at the lower end of the pay scale, where median paychecks are the smallest at approximately $51K. Graduates also relocate to New York, N.Y. and Chicago, Ill.
Financial compensation is highest for BU grads with a Doctorate (PhD) (average earnings climb to $165K per year). A Bachelor of Science in Advertising commands less pay, and these degree-holders face median pay of $36K.
Knowledge of People Management seems to be related to bigger paychecks; in fact, skilled alumni bring in salaries that are 61 percent more than their former classmates' salaries (about $119K). Project Management is a popular skill among BU alumni, with slightly less than a fourth of grads reporting using it on the job. Demonstrated ability in Microsoft Office, Microsoft Excel, and Data Analysis rank among leading skills as well.
Benefits and Perks
As for time away from work, just under half of the respondents are compensated for vacation days, but only one in three grads can take paid time off due to illness. Most graduates take advantage of a 401(k) plan. Health insurance benefits extend to a large number of alums, and most alums sign up for dental plans. Boston University grads are also lucky enough to receive a casual working environment, a company-subsidized cell phone, life insurance, and tuition reimbursement.
Among alumni of similar schools, Tufts University grads (who make an average of $73K) earn salaries most similar to BU alumni. The Massachusetts Institute of Technology, Harvard University, and Brandeis University are also similar to BU.