The aerospace and defense industry, the manufacturing industry, and the consulting industry are just a few of the areas in which the UMich grads find work. The most highly represented industry among alumni is the automotive manufacturing industry. In line with impressive SAT scores, UMich grads also report top-earning positions in the workforce. Graduates of the UMich earn about $77K on average.
After college, a notable gender gap appears: the average female graduate makes $62K where the average male graduate hauls home $85K.
Former UMich students with an interest in making money consider becoming Senior Software Engineers, the highest-paying gig (average earnings amount to $115K) among this alumni group. Other well-paid jobs include Information Technology Directors (approximately $100K) and Software Engineers ($85K). Collecting the smallest paychecks are Copywriters — they bring in around $48K.
Detroit, Mich. is a hot spot for UMich alum. With a median salary of about $114K, San Francisco, Calif. represents the highest-paid city popular among UMich grads. On the flipside, the lowest-paying city popular among UMich grads is New York, N.Y. (median compensation is $63K). Chicago, Ill. and Ann Arbor, Mich. are also desirable cities.
Former Wolverines who fare the best in terms of salary hold a Master of Business Administration (MBA), Business Administration and earn a median salary of around $148K per year. A Bachelor's Degree, Psychology is less advantageous in terms of earnings; alums with this degree are the lowest earners with a median annual pay of $32K.
Knowledge of C++ Programming Language seems to be related to bigger paychecks; in fact, skilled alumni bring in salaries that are 48 percent more than their former classmates' salaries ($115K). Project Management is a common skill among UMich alumni — just under one in four grads mention using it at work. Also considered top-notch skills are Microsoft Office, Microsoft Excel, and Data Analysis.
Benefits and Perks
Benefits include paid time off, but vacation days are more heavily handed out than sick days; slightly less than half of the respondents report receiving the former, but only one-third of alumni report receiving the latter. The vast majority of respondents have medical plans, and a large number of graduates have dental insurance. Nearly all survey participants opt for a 401(k) to save for retirement. University of Michigan graduates also take advantage of a casual working environment, a company-subsidized cell phone, life insurance, and flexible hours.
Purdue University grads report the most similar salaries to UMich alums, earning $76K on average. Other schools similar to UMich include Wayne State University, Michigan State University, and the University of Illinois at Chicago.