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. The figures in this rundown were provided by IIT alumni who took the PayScale salary questionnaire.

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College ROI Report

75th

20 Year Net ROI 

$556,000

Annual ROI 

6.4%

Total 4 Year Cost 

$224,000

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) School Alumni

Median Salary by Job

Job
National Salary Data 
$0$50K$100K$150K
Senior Software Engineer
3 salaries
$90,000  
   
Electrical Engineer
2 salaries
$59,000  
Electrical Design Engineer
2 salaries
$76,066  
Structural Engineer
2 salaries
$90,431  
Financial Advisory Services Associate
2 salaries
$96,000  
Software Engineer
2 salaries
$106,500  
Country: United States | Currency: USD | Updated: 24 Jun 2017 | Individuals Reporting: 45

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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 %

Industry

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.

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

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.

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). 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.

Degree Major

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.

Skills

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.

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.

Test Scores

Academics 25th Percentile 75th Percentile
SAT Scores 1680 2020
ACT Scores 25 30

Key Stats for Illinois Institute of Technology (IIT)

Gender

Female
17 %
Male
83 %
Salary
$73,000 - $112,278
Salary
$41,653 - $108,666

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 5 votes.
Less than 1 year
4%
1-4 years
29%
5-9 years
37%
10-19 years
29%
20 years or more
2%
$110,000
$96,000
$43,278 - $95,143

More Charts for Illinois Institute of Technology (IIT)

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


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


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


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


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