Graduates of the UMich work in a variety of sectors including the manufacturing industry, the consulting industry, and the software development industry. The most popular career sector among alumni is the automotive manufacturing industry. It is quite common for UMich grads — a demographic that scores high on the SATs and boasts excellent graduation rates — to earn top-notch salaries in the workforce. Following graduation, UMich students earn an average of $78K.
It's worth noting that female graduates earn a median salary of about $64K whereas the men's median is $86K.
Among UMich graduates, the biggest earners are Senior Software Engineers, who haul in approximately $115K on average. Next on the list are Information Technology Directors and Software Engineers, bringing in $100K and $85K, respectively. Sitting at the bottom of the pay scale are Marketing Managers who make an average of around $56K.
Detroit, Mich. is a hot spot for UMich alum. UMich grads also flock to San Francisco, Calif., which is home to salaries significantly above average (median pay is approximately $114K). The city with the lowest median paycheck frequented by UMich alumni is New York, N.Y., where earnings average around $63K. Chicago, Ill. is also a common pick among UMich grads, along with Ann Arbor, Mich.
A Master of Business Administration (MBA), Business Administration will compensate UMich grads at a much higher rate than other degrees — these alums rake in $148K on average per year. On the other end of the spectrum, those with a Bachelor's Degree, Psychology tend to do the worst in terms of salary, making an average $32K per year.
Approximately one in five UMich grads wind up using Project Management at their job, which is one of the most common skills among alumni. Former Wolverines with C++ Programming Language abilities can expect to make 29 percent more than their former classmates ($101K). Proficiency in Microsoft Office, Microsoft Excel, and C++ Programming Language command top-of-the-line rewards as well.
Benefits and Perks
Just under half of the former students are allowed to take paid time off for vacation, but only about one-third of alumni get paid sick leave. The vast majority of survey participants allocate some part of their earnings to a company-sponsored 401(k) savings plan. Nearly all alumni receive health insurance, and most grads get dental coverage. Additional perks enjoyed by University of Michigan grads include a casual working environment, life insurance, a company-subsidized cell phone, and flexible hours.
Among alumni of similar schools, Purdue University grads (who make an average of $76K) earn salaries most similar to UMich alumni. Other schools similar to UMich include Wayne State University, Michigan State University, and the University of Illinois at Chicago.