Illinois Institute of Technology (IIT) Alumni Average Salary

Attending the Illinois Institute of Technology, a university can pay off very well in the long run. The school is based in Chicago, Ill., and it is ranked in the top 5 percent of universities by return on investment. A considerably greater proportion of men make up the survey population with a male-to-female ratio of 5-to-1. Based on student and alumni reporting, men also tend to make more than their male counterparts after graduating. Replies from former IIT students to PayScale's salary questionnaire form the basis for this summary.

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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: 20 May 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

Professionally, the architectural services industry, the software development industry, and the civil engineering services industry are popular business areas among IIT 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. Pulling in paychecks on the larger end are IIT grads, which is not shocking considering the high SAT scores reported by this demographic. Those with a degree from IIT make an average of $83K.

Gender

The school's graduates who responded to the survey are largely male (the male-to-female ratio is 3 to 1).

Jobs

Among IIT graduates, the biggest earners are Software Engineers, who haul in about $107K on average. Next on the list are Financial Advisory Services Associates and Structural Engineers, bringing in $96K and approximately $90K, respectively. Relative to other positions, compensation dwindles for Electrical Engineers; alumni in this role face average salaries of around $59K.

Locations

Slightly more than half of IIT students choose to remain in Chicago, Ill. after graduation, where the average salary is actually the lowest at $83K. IIT grads with a different agenda may consider the above-average salaries in San Francisco, Calif. — pay averages to $113K.

Degree Major

A Bachelor of Science in Mechanical Engineering (ME) leads to the highest pay for IIT grads (about $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 — approximately one in three grads mention using it at work. Competency in SQL translates into above-average pay for Illinois Institute of Technology grads — they earn 16 percent more than their fellow graduates. Experience with Engineering Design, SQL, and C++ Programming Language is highly valued as well.

Benefits and Perks

Nearly a half of former students can rely on paid vacation days, but just one in three grads have the luxury of paid sick time. Dental insurance applies to most graduates, and most grads report health coverage. A large number of former students take advantage of a 401(k) plan. Other benefits that Illinois Institute of Technology alumni receive are life insurance, tuition reimbursement, a company-subsidized cell phone, and gym / health club / fitness membership.

Related Schools

Stevens Institute of Technology graduates, who earn approximately $90K 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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