CMU alumni can most commonly be found in the software development industry, the engineering services industry, and the e-commerce, business to consumer (b2c) industry, though they are employed throughout a wide range of sectors. Among CMU grads, software as a service (SAAS) development is a commonly chosen career field. Reminiscent of their reportedly high performance on the SAT, CMU alumni often collect high salaries as well. Former CMU graduates bring in $94K on average.
Male graduates of CMU out-earn their female counterparts significantly, earning an average of $97K versus approximately $80K for women.
Software Engineers win the contest for best-paid CMU alumni, making $127K on average every year, though Construction Senior Project Managers (around $108K), and Information Technology Consultants ($103K) are not far behind. Collecting the smallest paychecks are Project Architects — they bring in about $62K.
CMU students enjoy their time in Pittsburgh, and slightly less than a fourth of students actually choose to live and work there after graduating. Another city that attracts a wealth of CMU grads is San Francisco, Calif.; given its high compensation ($110K is the average salary), the city's popularity should come as no surprise. Home to the lowest median salary for CMU alumni is Washington, DC, a popular place for former students despite its $60K average paycheck. Other common destinations include New York, N.Y. and Boston, Mass.
Financial compensation is highest for CMU grads with a Master of Science (MS), Business Intelligence (average earnings climb to about $193K per year). A Master of Arts (MA) is less advantageous in terms of earnings; alums with this degree are the lowest earners with a median annual pay of around $58K.
Carnegie Mellon University grads with Java abilities can expect to make 12 percent more than their former classmates ($105K). Project Management is a popular skill among CMU alumni, with just under a fourth of workers reporting using it on the job. Also considered top-notch skills are Java, Microsoft Office, and Engineering Design.
Benefits and Perks
More than half of alums report receiving paid vacation days, but just one-third of alumni are paid for sick leave. Almost all graduates participate in a 401(k) program. Health insurance benefits extend to almost all alumni, and most alumni sign up for dental plans. Carnegie Mellon University alumni are rewarded with additional benefits, such as life insurance, a casual working environment, tuition reimbursement, and flexible hours.
Among alumni of similar schools, University of Pennsylvania grads (who make an average of $88K) earn salaries most similar to CMU alumni. Other schools similar to CMU include Case Western Reserve University, Johns Hopkins University, and Georgetown University.