Professionally, IT services, the consulting industry, and IT consulting are popular business areas among the UMD alumni. The most popular professional field seems to be the aerospace and defense industry. Those with a degree from the UMD make an average of $69K.
There is a sizable difference between men's post-college salaries and women's: the median for the former is about $76K, but the median for the latter is only around $61K.
The biggest paychecks among UMD alumni are earned by Senior Software Engineers — these former students make a median salary of $114K per year. The next biggest paychecks go to Mechanical Engineers ($81K) and Digital Marketing Managers (approximately $68K). Collecting the smallest paychecks are Junior Business Analysts — they bring in $50K.
A large number of students head to Washington, DC after college. In addition, former UMD students often head to Mclean, Va. after graduating, where the median salary comes to about $104K in this top-paying city. Home to the lowest median salary for UMD alumni is Rockville, Md., a popular place for former students despite its $50K average paycheck. Other common destinations include New York, N.Y. and Baltimore, Md.
A Master of Business Administration (MBA), Finance will compensate UMD grads at a much higher rate than other degrees — these alums rake in $140K on average per year. Average annual salaries for those with a B.A. in Journalism are the lowest of the pack, earning approximately $50K.
Former Terrapins with Java experience garner salaries that are 45 percent more than other grads' salaries. Project Management is a common skill among UMD alumni — a little less than one-fifth of grads mention using it at work. Competency in Microsoft Excel, Microsoft Office, and Engineering Design also warrants excellent remuneration.
Benefits and Perks
Just two-fifths of alumni enjoy paid vacation and merely one-fourth of alumni get paid sick time. Most grads participate in a 401(k) retirement savings plan. Health insurance benefits extend to a large number of alums, and a fair number of respondents sign up for dental plans. Other benefits that University of Maryland alumni receive are life insurance, a company-subsidized cell phone, a casual working environment, and tuition reimbursement.
University of Virginia grads bring in salaries of around $71K, making them the most similar to UMD alumni in terms of earnings. Other schools similar to UMD include the University of Delaware, Virginia Commonwealth University, and Rutgers University-New Brunswick.