Illinois Institute of Technology (IIT) Alumni Average Salary

The Illinois Institute of Technology is a university known for giving students excellent value for their tuition costs. Located in Chicago, Ill., the school is ranked in the top 5 percent of universities by return on investment. The survey pool is heavily weighted toward men, with a male-to-female ratio of 5-to-1. After graduation, women earn less than men do, a finding consistent with alumni reports. This overview is based on graduates' answers to PayScale's salary questionnaire.

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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
$83,212  
   
Senior Software Engineer
22 salaries
$99,517  
Mechanical Engineer
22 salaries
$69,355  
Project Engineer
21 salaries
$70,337  
Electrical Engineer
19 salaries
$67,445  
Software Developer
13 salaries
$85,000  
Design Architect
13 salaries
$53,686  
Country: United States | Currency: USD | Updated: 14 Feb 2017 | Individuals Reporting: 1,029

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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

Graduates of IIT head into a range of vocations when it comes to work; the engineering services industry, the software development industry, and the civil engineering services industry are just a few professional areas popular among alumni. A large chunk of former IIT students are employed in the financial services industry; in fact, this is the most popular job sector for this population. 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 an education from IIT earn an average of about $83K.

Gender

Graduates from this school who take the survey are more likely to be male — the male-to-female ratio is 3 to 1.

Jobs

Among IIT alumni, those working as Software Engineers report the highest median pay of $107K, followed by Financial Advisory Services Associates (approximately $96K), and Structural Engineers ($90K). Relative to other positions, compensation dwindles for Electrical Engineers; alumni in this role face average salaries of $59K.

Locations

It is typical for many IIT grads (a little over a half of former students) to remain in Chicago, Ill., which may come as a shock given the city's depressed salaries (median pay is $82K). For those seeking more money, San Francisco, Calif. is a popular destination for former IIT students; median pay is around $100K.

Degree Major

With a median annual earnings of about $106K per year, Illinois Institute of Technology grads who have a Bachelor of Science in Mechanical Engineering (ME) are the best paid among the alumni population. Ranking last in the compensation department are those holding a Bachelor of Architecture (BArch) — their annual income amounts to around $57K on average.

Skills

For Illinois Institute of Technology grads, proficiency in SQL warrants a paycheck that is 16 percent more than other alumni salaries. Many former IIT students are familiar with Project Management, and roughly one in three grads move on to positions where this experience is utilized. Experience with Engineering Design, SQL, and Microsoft Office is highly valued as well.

Benefits and Perks

Only two-fifths of alumni for this school enjoy paid vacation days and about one in three grads get paid sick time. Most alums opt for a 401(k) to save for retirement. Benefits are rather generous for graduates of this school; a large number of respondents are rewarded with health insurance and a large number of survey participants report dental coverage, too. Illinois Institute of Technology graduates also take advantage of life insurance, tuition reimbursement, a company-subsidized cell phone, and gym / health club / fitness membership.

Related Schools

Stevens Institute of Technology graduates, who earn $89K on average, make a similar amount to IIT grads. The University of Dayton, Duquesne University, and Drexel University are also similar to IIT.

Illinois Institute of Technology (IIT) Job Listings

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Key Stats for Illinois Institute of Technology (IIT)

Gender

Female
17 %
Male
83 %
Salary
$73,000 - $112,278
Salary
$41,653 - $101,537

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 5 votes.
Less than 1 year
4%
1-4 years
31%
5-9 years
37%
10-19 years
27%
20 years or more
2%
$110,000
$96,000
$46,000 - $94,298
$95,923 - $140,000

More Charts for Illinois Institute of Technology (IIT)

Most Popular Job for Illinois Institute of Technology (IIT) Alumni


Most Popular Years Experience for Illinois Institute of Technology (IIT) Alumni


Most Popular Employer Name for Illinois Institute of Technology (IIT) Alumni


Most Popular Company Size for Illinois Institute of Technology (IIT) Alumni


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