Former U of M students are professionally suited for a wide range of fields including the software development industry, the retail industry, and the consulting industry. The majority of alumni accept jobs in the health insurance industry. Graduates of the U of M earn $66K on average.
Male graduates of U of M out-earn their female counterparts significantly, earning an average of about $75K versus around $61K for women.
Former U of M students with an interest in making money consider becoming Directors of Professional Services, the highest-paying gig (average earnings amount to $110K) among this alumni group. Other well-paid jobs include Human Resources Directors (approximately $98K) and Directors of Operations ($94K). On the lower end, Recruiters report making $41K.
U of M students enjoy their time in Minneapolis, and more than two-fifths of students actually choose to live and work there after graduating. U of M alumni seeking the highest salaries end up in Seattle, Wash., which offers a median salary of around $92K. Plymouth, Minn. is a popular spot for former U of M students at the opposite end of the pay scale; in fact, average salaries there are the lowest at $53K. In addition, U of M grads flock to neighboring St. Paul, Minn. as well as Denver, Colo.
Among the highest-paid U of M alumni are those with a Master of Business Administration (MBA), Business Administration — they earn close to $115K on average per year. Those with a B.A. in Communication face salaries on the lower end, coming in at an average $37K per year.
U of M alumni are often well versed in Project Management, with a little less than a fifth of grads ending up in jobs that require this skillset. Competency in Strategic Planning translates into above-average pay for former Golden Gophers — they earn 66 percent more than their fellow graduates. Other top skills include Microsoft Office, Engineering Design, and Microsoft Excel.
Benefits and Perks
Paid time off due to illness is less common here than paid vacation time, about one in four graduates report receiving the former, whereas just half of the alumni report receiving the latter. Most grads allocate some part of their earnings to a company-sponsored 401(k) savings plan. A large number of former students receive health insurance, and a strong majority of alumni get dental coverage. University of Minnesota grads are also lucky enough to receive life insurance, a casual working environment, tuition reimbursement, and a company-subsidized cell phone.
University of Illinois at Chicago graduates, who earn approximately $66K on average, make a similar amount to U of M grads. The University of Wisconsin-Madison, Iowa State University, and the University of Iowa are also similar to U of M.