Graduates of the UMD head into a range of vocations when it comes to work; the consulting industry, the health care industry, and IT services are just a few professional areas popular among alumni. The most popular field is the aerospace and defense industry. Those with a degree from the UMD make an average of $68K.
After graduation, disparities in salary rise to the surface — males earn an average $76K per year compared to females' around $59K.
The most generous salaries among UMD alumni are reportedly earned by Investment Officers, whose median earnings come to about $126K, followed by Senior Software Engineers ($114K) and Mechanical Engineers ($81K). Sliding in near the bottom are Editors, who report earnings of approximately $46K.
The most popular destination for former UMD students is Washington, DC. It is also not uncommon to find former UMD students living and working in Mclean, Va. — this top-paying city is a popular destination with a median salary of about $104K. For comparison, the lowest-paying city popular with UMD alumni is Rockville, Md., which offers a median salary of $50K. Nearby Baltimore, Md. is also a top pick for UMD grads, as is New York, N.Y.
UMD grads who hold a Bachelor of Science in Accounting can expect to fare better than most fellow alumni, earning an average around $134K per year. Those with a Bachelor's Degree, Economics face salaries on the lower end, coming in at an average $43K per year.
Java commands a pay premium of 48 percent for former Terrapins. UMD grads are usually competent in Project Management, and nearly one in five alumni continue practicing this skill in their career. Also considered top-notch skills are Microsoft Excel, Microsoft Office, and Engineering Design.
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-fourth of alumni, respectively). Most grads participate in a 401(k) retirement savings plan. A large number of graduates receive health insurance, and a strong majority of former students get dental coverage. Graduates of University of Maryland are also recipients of a company-subsidized cell phone, life insurance, a casual working environment, and tuition reimbursement.
Among alumni of similar schools, University of Virginia grads (who make an average of approximately $71K) earn salaries most similar to UMD alumni. Other schools similar to UMD include the University of Delaware, Virginia Commonwealth University, and Rutgers University-New Brunswick.