Average Salary for Massachusetts Institute of Technology (MIT) - Sloan School of Management Alumni

Graduates of the Massachusetts Institute of Technology (mit) on average end up making between approximately $95K at the bottom of the spectrum and $250K at the top. Figures cited in this summary are based on graduates' replies to PayScale's salary questionnaire.

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Massachusetts Institute of Technology (MIT) - Sloan School of Management 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$90K$180K$270K
Business Development Manager
2 salaries
$108,479  
   
Chief Executive Officer (CEO)
2 salaries
$215,000  
Product Manager, Software
2 salaries
$95,000  
President and CEO
2 salaries
$250,000  
Director of Strategy
2 salaries
$150,000  
Senior Product Manager
2 salaries
$117,447  
Project Manager, Information Technology (IT)
2 salaries
$120,000  
Country: United States | Currency: USD | Updated: 4 Jul 2015 | Individuals Reporting: 60
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Industry

The most popular career sector among alumni is the retail industry.

Gender

After graduation, women go on to earn an average of $102K per year compared to men, who earn $134K.

Jobs

The most generous salaries among Massachusetts Institute of Technology (mit) alumni are reportedly earned by President and CEOs, whose median earnings come to around $250K, followed by Chief Executive Officers (about $180K) and Directors of Strategy ($150K). Sliding in near the bottom are Product Managers of Software, who report earnings of $95K.

Locations

Home to a large number of Massachusetts Institute of Technology (mit) alums, Boston, Mass. is by far the most attractive city for these former students. Another city that attracts a wealth of Massachusetts Institute of Technology (mit) grads is Mountain View, Calif.; given its high compensation ($150K is the average salary), the city's popularity should come as no surprise. Home to the lowest median salary for Massachusetts Institute of Technology (mit) alumni is Cambridge, Mass., a popular place for former students despite its $106K average paycheck. Graduates also relocate to New York, N.Y. and San Francisco, Calif.

Degree Major

Massachusetts Institute of Technology (mit) grads who hold a Master of Business Administration (MBA), General Business can expect to fare better than most fellow alumni, earning an average $191K per year. Graduates holding a Master of Finance (MFin) fare the worst in terms of compensation with an average yearly salary of approximately $60K.

Skills

Project Management is a popular skill among Massachusetts Institute of Technology (mit) alumni, with about one in four grads reporting using it on the job. People Management commands a pay premium of 8 percent for Massachusetts Institute of Technology (mit) grads. Demonstrated ability in Strategic Planning, Operations Management, and Financial Analysis rank among leading skills as well.

Benefits and Perks

Though vacation and sick days are paid for some, these benefits are reported by the minority of graduates (two-fifths of alumni and one-sixth of alumni, respectively). Health benefits extend to nearly all graduates, and a large number of former students also receive dental coverage. Nearly all grads set up a 401(k) to save for retirement. Massachusetts Institute of Technology (mit) alumni are also on the receiving end of a casual working environment, life insurance, free drinks, and stock options.

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Key Stats for Massachusetts Institute of Technology (MIT) - Sloan School of Management

Gender

Female
22 %
Male
78 %
Salary
$41,217 - $155,000
Salary
$89,700 - $159,609
Less than 1 year
6%
1-4 years
14%
5-9 years
29%
10-19 years
30%
20 years or more
20%

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 12 votes.
$117,182
$99,159 - $149,845
$68,784 - $170,917
$88,437 - $142,431
$90,000 - $163,000

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Most Popular City for Massachusetts Institute of Technology (MIT) - Sloan School of Management Alumni
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