Professionally, the software development industry, the social services industry, and the financial services industry are popular business areas among the U of C alumni. The majority of alumni accept jobs in the manufacturing industry. Higher education is perhaps the least commonly worked industry among U of C grads, with less than five percent of former students experienced in this area. Graduates of the U of C earn $69K on average.
There's a noticeable difference between the genders; where the average man hauls in around $78K after graduating from U of C, the average woman earns only $50K.
In the U of C alumni professional community, Chief Financial Officers make the highest median pay (approximately $238K), though Product Managers of Software (about $117K), and Information Architects ($115K) are close competitors. Marketing Communications Specialists wrap up the bottom of the pay scale, earning $47K.
Many U of C alumni remain in Chicago after graduation; over a third of grads find permanent positions in the workforce here. Another city that attracts a wealth of U of C grads is Seattle, Wash.; given its high compensation ($106K is the average salary), the city's popularity should come as no surprise. On the far end of the pay scale, U of C alumni often reside in Washington, DC, which is home to the lowest pay at around $58K. San Francisco, Calif. and Boston, Mass. also rank high on the list of cities.
University of Chicago grads who fare the best in terms of salary hold a Master of Business Administration (MBA) and earn a median salary of $169K per year. Those holding a master's in social work are less fortunate in terms of earnings, bringing in approximately $44K on average per year.
U of C alumni are often well versed in Data Analysis, with nearly one in seven grads ending up in jobs that require this skillset. University of Chicago grads who have experience with Information Architecture can expect to make 67 percent more than other alumni ($115K on average). Proficiency in Project Management, Microsoft Excel, and Strategic Planning command top-of-the-line rewards as well.
Benefits and Perks
Only two-fifths of alumni earn paid vacation and just one-third of alumni get paid sick time. For this school, a large number of grads are the recipients of health benefits, and a strong majority of former students pick up dental plans, too. A large number of former students save for retirement through a 401(k) plan. University of Chicago graduates also take advantage of a casual working environment, life insurance, flexible hours, and a company-subsidized cell phone.
Northwestern University grads report the most similar salaries to U of C alums, earning about $68K on average. Other schools similar to U of C include the University of Notre Dame, Case Western Reserve University, and Washington University in St Louis.