Illinois Institute of Technology (IIT) Alumni Average Salary

Students looking for a top-value school need look no further than the Illinois Institute of Technology. It is a university based in Chicago, Ill. that is ranked in the top 5 percent of universities by return on investment. The survey respondent pool is largely skewed toward men with a male-to-female ratio of 6-to-1, and men also report larger salaries after graduation than women do. This snapshot results from replies to PayScale's salary survey.

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College ROI Report

40th

20 Year Net ROI 

$655,000

Annual ROI 

7.5%

Total 4 Year Cost 

$212,000

Compare to Other Schools

College Salary Report

31st

Early Career Salary 

$61,000

Mid-Career Salary 

$153,000

% High Meaning 

N/A

Compare to Other Graduate Schools

Illinois Institute of Technology (IIT) Alumni

Median Salary by Job

Job
National Salary Data 
$0$34K$68K$102K
Software Engineer
41 salaries
$84,918  
   
Senior Software Engineer
25 salaries
$99,107  
Mechanical Engineer
22 salaries
$66,040  
Project Engineer
20 salaries
$70,986  
Electrical Engineer
18 salaries
$67,930  
Design Architect
18 salaries
$51,987  
Software Developer
16 salaries
$79,996  
Country: United States | Currency: USD | Updated: 22 Nov 2016 | Individuals Reporting: 1,032
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About This School

3300 S Federal St
Chicago, IL 60616

Illinois Institute of Technology

iit.edu/undergrad_admission/

2,926

Private School, Research University, Engineering

63 %

69 %

74 %

34 %


Freebase CC-BY Source: Freebase, licensed under CC-BY; IPEDS (As of January, 2015)

Industry

Energy, the engineering services industry, and the software development industry are just a few of the areas in which IIT grads find work. The most popular field is the financial services industry. It is quite common for IIT grads — a demographic that scores high on the SATs — to earn top-notch salaries in the workforce. Those with a degree from IIT make an average of around $84K.

Gender

Men might be more likely to graduate from this school than women, given the 3 to 1 male-to-female ratio of survey respondents.

Jobs

The most lucrative professionals among IIT alumni are Construction Project Managers; they earn a median annual salary of $108K. Also approaching the top of the pay scale at approximately $107K and $96K, respectively, are Software Engineers and Financial Advisory Services Associates. On the lower end, Electrical Engineers report making $63K.

Locations

More often than not, IIT grads continue living in Chicago, Ill. (just over a half of former students to be exact) even though the average salary here takes last place on the pay scale ($83K). By comparison, the top-paying city popular with IIT alumni is San Francisco, Calif., which offers a median salary of about $100K.

Degree Major

A Bachelor of Science in Mechanical Engineering (ME) leads to the highest pay for IIT grads (around $106K on average per year). Those holding a Master of Science (MS), Computer Science (CS) are less fortunate in terms of earnings, bringing in $62K on average per year.

Skills

Project Management is a common skill among IIT alumni — just under one in three grads mention using it at work. SQL commands a pay premium of 15 percent for Illinois Institute of Technology grads. Engineering Design, SQL, and Construction Estimating are among other dominant skills.

Benefits and Perks

Benefits include paid time off, but vacation days are more heavily handed out than sick days; just over two-fifths of graduates report receiving the former, but only one-third of alumni report receiving the latter. Health coverage is awarded to most alumni, and dental insurance is issued to most former students as well. Most alums plan for retirement by taking advantage of a company-sponsored 401(k) program. Illinois Institute of Technology alumni are also on the receiving end of life insurance, a company-subsidized cell phone, tuition reimbursement, and gym / health club / fitness membership.

Related Schools

Compensation averages $91K for Stevens Institute of Technology alumni, making their earnings most comparable to IIT grads. Other schools similar to IIT include the University of Dayton, Duquesne University, and Drexel University.

Illinois Institute of Technology (IIT) Job Listings

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Key Stats for Illinois Institute of Technology (IIT)

Gender

Female
16 %
Male
84 %
Salary
$73,000 - $112,278
Salary
$50,000 - $102,305
Less than 1 year
6%
1-4 years
27%
5-9 years
37%
10-19 years
27%
20 years or more
2%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 5 votes.
$96,000
$110,000
$48,479 - $103,000
$95,923 - $140,000

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