The software development industry, the financial services industry, and the management consulting industry are just a few of the areas in which the U of C grads find work. Among U of C grads, the manufacturing industry is a commonly chosen career field. Less than five percent of U of C grads move into the health care industry — it is the road least traveled for this demographic. The average salary for a grad from the U of C is approximately $74K.
A gender wage gap becomes apparent after college, with female graduates earning only $49K on average compared to $78K for male graduates.
Among U of C graduates, the biggest earners are Chief Financial Officers, who haul in around $238K on average. Next on the list are Product Managers of Software and Information Architects, bringing in about $117K and $115K, respectively. Management Consultants wrap up the bottom of the pay scale, earning $66K.
Many U of C alumni remain in Chicago after graduation; more than a third of grads find permanent positions in the workforce here. U of C alumni seeking the highest salaries end up in Los Angeles, Calif., which offers a median salary of $80K. On the far end of the pay scale, U of C alumni often reside in Boston, Mass., which is home to the lowest pay at $70K. San Francisco, Calif. and New York, N.Y. are popular choices as well.
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 around $169K per year. Those holding a Master of Arts (MA), Social Science are less fortunate in terms of earnings, bringing in $48K on average per year.
Data Analysis is a popular skill among U of C alumni, with nearly one in eight grads reporting using it on the job. University of Chicago grads who have experience with Information Architecture can expect to make 55 percent more than other alumni (about $115K on average). Other top skills include Project Management, Microsoft Excel, and Strategic Planning.
Benefits and Perks
Only about two-fifths of alumni enjoy paid vacation and one in three grads receive sick leave. Health coverage is awarded to most respondents, and dental insurance is issued to a fair number of graduates as well. Most former students save up for retirement through a 401(k) plan. Other benefits that University of Chicago alumni receive are a casual working environment, life insurance, a company-subsidized cell phone, and tuition reimbursement.
Median pay for George Washington University grads is $77K, making their salaries most similar to those of U of C grads. Northwestern University, the University of Notre Dame, and Case Western Reserve University are also similar to U of C.