Graduates of the U of M are found working in a number of different fields including the software development industry, the retail industry, and the consulting industry. The health insurance industry is the sector most highly represented among alumni. Graduates of the U of M earn around $65K on average.
It's worth noting that female graduates earn a median salary of $61K whereas the men's median is approximately $75K.
Former U of M students with an interest in making money consider becoming Principal Electrical Engineers, the highest-paying gig (average earnings amount to about $118K) among this alumni group. Other well-paid jobs include Directors of Professional Services ($110K) and Human Resources Directors ($98K). Sitting at the bottom of the pay scale are Recruiters who make an average of $41K.
Many U of M alumni remain in Minneapolis after graduation; more than two-fifths of grads find permanent positions in the workforce here. It is also not uncommon to find former U of M students living and working in Seattle, Wash. — this top-paying city is a popular destination with a median salary of $92K. The city with the lowest median paycheck frequented by U of M alumni is Plymouth, Minn., where earnings average $53K. Nearby St. Paul, Minn. is also a top pick for U of M grads, as is Denver, Colo.
Former Golden Gophers who fare the best in terms of salary hold a Master of Science (MS), Electrical Engineering (EE) and earn a median salary of $117K per year. Those with a B.A. in Communication face salaries on the lower end, coming in at an average approximately $37K per year.
Strategic Planning commands a pay premium of 67 percent for former Golden Gophers. Project Management is a popular skill among U of M alumni, with just under one in five workers reporting using it on the job. 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, approximately a fourth of alums report receiving the former, whereas just half of the alumni report receiving the latter. A large number of former students participate in a 401(k) retirement savings plan. A large number of graduates enjoy benefits like health insurance, while a fair number of respondents receive dental plans, too. University of Minnesota alumni are also on the receiving end of life insurance, a casual working environment, tuition reimbursement, and flexible hours.
University of Illinois at Chicago graduates, who earn about $67K 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.