Graduates of CMU go into software as a service (SAAS) development, the e-commerce, business to consumer (b2c) industry, and the architectural services industry, not to mention a variety of other lines of work. The majority of CMU alumni wind up in the engineering services industry. CMU alumni rake in larger-than-average salaries; they also score high on the SATs and boast an impressive rate of graduation. Graduates of CMU earn approximately $90K on average.
After college, a notable gender gap appears: the average female graduate makes $77K where the average male graduate hauls home about $95K.
CMU grads who become Software Engineers are compensated well above average — these folks are top-earners among their graduating class, making an average $114K yearly. Also notably well-paid are Construction Senior Project Managers and Information Technology Consultants; their salaries approach $108K and $103K, respectively. Collecting the smallest paychecks are Software Engineers — they bring in around $92K.
CMU alumni like Pittsburgh so much that they tend to stick around after graduation, with one in four grads staying on to find permanent employment. The top-paying city popular with CMU alumni is Reston, Va., which offers a median salary of $120K. Though Washington, DC takes the cake for lowest pay among CMU grads (the median salary is $60K there), it remains a common destination for former students. San Francisco, Calif. and New York, N.Y. are popular choices as well.
A Master of Business Administration (MBA), Business Administration will compensate CMU grads at a much higher rate than other degrees — these alums rake in approximately $140K on average per year. Graduates holding a Master of Arts (MA) fare the worst in terms of compensation with an average yearly salary of $58K.
CMU grads are usually competent in Project Management, and between a fifth and a fourth of alumni continue practicing this skill in their career. Java commands a pay premium of 10 percent for Carnegie Mellon University grads. Java, Microsoft Office, and Engineering Design are desirable skills as well.
Benefits and Perks
Though a majority of the survey participants get paid time off for vacation, only one in three grads receive paid sick leave. Most grads plan for retirement by taking advantage of a company-sponsored 401(k) program. Benefits are rather generous for graduates of this school; a large number of former students are rewarded with health insurance and a large number of survey participants report dental coverage, too. Alumni of Carnegie Mellon University also take in life insurance, tuition reimbursement, a casual working environment, and flexible hours.
University of Pennsylvania grads report the most similar salaries to CMU alums, earning around $87K on average. Case Western Reserve University, Johns Hopkins University, and Georgetown University are also similar to CMU.