Average Salary for Illinois Institute of Technology (IIT) Alumni

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. Alumni participants in PayScale's salary questionnaire provided the particulars of this report.

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Overall College ROI Rank

63
out of 1223
See full list

ROI Rank for Private not-for-profit Universities

35
out of 402
 

Mid-Career Salary Rank for Engineering

23
out of 34

Typical Early Career Salary

$58,300
Illinois Institute of Technology (IIT) Alumni

Median Salary by Job

Job
National Salary Data (?
XAll compensation data shown are the gross, national median (50th percentile). Pay can vary greatly by location.
)
$0$34K$68K$102K
Software Engineer
15 salaries
$74,371  
   
Senior Software Engineer
13 salaries
$99,117  
Mechanical Engineer
11 salaries
$72,770  
Intern Architect
10 salaries
$41,029  
Project Engineer
9 salaries
$64,250  
Sr. Software Engineer / Developer / Programmer
7 salaries
$88,297  
Design Architect
7 salaries
$48,000  
Country: United States | Currency: USD | Updated: 30 Jun 2015 | Individuals Reporting: 330
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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

Professionally, the engineering services industry, the architectural and engineering services industry, and the construction industry are popular business areas among IIT alumni. The most popular professional field seems to be the architectural services industry. It is typical for IIT grads — a group that usually scores high on the SATs — to earn above-average incomes as well. Starting salaries of around $78K are the median among IIT grads.

Jobs

IIT grads who become Senior Software Engineers are compensated well above average — these folks are top-earners among their graduating class, making an average $99K yearly. Also notably well-paid are Senior Software Engineers and Software Engineers; their salaries approach about $88K and approximately $74K, respectively. Sitting at the bottom of the pay scale are Intern Architects who make an average of $41K.

Locations

Many IIT alumni seem to stick around Chicago after wrapping up their studies; around half of grads remain to find permanent work. IIT alumni seeking the highest salaries end up in Houston, Texas, which offers a median salary of $107K. Home to the lowest median salary for IIT alumni is Atlanta, Ga., a popular place for former students despite its $53K average paycheck. Other popular cities include San Francisco, Calif. and New York, N.Y.

Degree Major

With a median annual earnings of $109K per year, Illinois Institute of Technology grads who have a Doctorate (PhD) are the best paid among the alumni population. The degree that warrants the lowest level of financial compensation is a Bachelor of Science in Physics ($40K on average annually).

Skills

IIT grads are usually competent in Engineering Design, and just under one-fifth of alumni continue practicing this skill in their career. Knowledge of C# seems to be related to bigger paychecks; in fact, skilled alumni bring in salaries that are 19 percent more than their former classmates' salaries (approximately $94K). Proficiency in Project Management, AutoCAD, and Java command top-of-the-line rewards as well.

Benefits and Perks

Just one-third of alumni enjoy paid vacation and merely one-fifth of alumni get paid sick time. In an effort to save up for the years ahead, the vast majority of former students contribute to a 401(k). Health coverage is awarded to almost all grads, and dental insurance is issued to a strong majority of former students as well. Additional benefits handed to Illinois Institute of Technology alumni include life insurance, a casual working environment, a company-subsidized cell phone, and tuition reimbursement.

Related Schools

Clarkson University grads bring in salaries of around about $72K, making them the most similar to IIT alumni in terms of earnings. 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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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
22 %
Male
78 %
Salary
$43,304 - $85,870
Salary
$50,367 - $102,374
Less than 1 year
5%
1-4 years
39%
5-9 years
27%
10-19 years
16%
20 years or more
13%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 66 votes.
$43,986 - $93,345
$48,656 - $144,520
$67,115 - $124,731
$97,211 - $122,084
$40,231 - $77,525

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