Former IIT students are professionally suited for a wide range of fields including the architectural services industry, the software development industry, and the civil engineering services industry. The financial services industry is the sector most highly represented among alumni. It is quite common for IIT grads — a demographic that scores high on the SATs — to earn top-notch salaries in the workforce. Former IIT graduates bring in approximately $83K on average.
Men might be more likely to graduate from this school than women, given the 3 to 1 male-to-female ratio of survey respondents.
In the IIT alumni professional community, Software Engineers make the highest median pay (around $107K), though Financial Advisory Services Associates ($96K), and Structural Engineers (about $90K) are close competitors. Sitting at the bottom of the pay scale are Electrical Engineers who make an average of $59K.
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). IIT alumni in search of the largest paycheck, on the other hand, will find it in San Francisco, Calif. where $113K is the average pay.
IIT grads who hold a Bachelor of Science in Mechanical Engineering (ME) can expect to fare better than most fellow alumni, earning an average about $106K per year. A Master of Science (MS), Computer Science (CS) is less advantageous in terms of earnings; alums with this degree are the lowest earners with a median annual pay of $62K.
For Illinois Institute of Technology grads, proficiency in SQL warrants a paycheck that is 16 percent more than other alumni salaries. Project Management is a popular skill among IIT alumni, with nearly one-third of workers reporting using it on the job. Engineering Design, SQL, and C++ Programming Language are desirable skills as well.
Benefits and Perks
Although close to half of the alumni are compensated for vacation days, only one in three grads are paid for sick time. In an effort to save up for the years ahead, a large number of alums contribute to a 401(k). Health benefits extend to most alums, and a large number of respondents also receive dental coverage. Additional benefits handed to Illinois Institute of Technology alumni include life insurance, tuition reimbursement, a company-subsidized cell phone, and gym / health club / fitness membership.
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.