Professionally, software as a service (SAAS) development, the consulting industry, and the financial services industry are popular business areas among CMU alumni. The most highly represented industry among alumni is the software development industry. Reminiscent of their reportedly high performance on the SAT and above-average graduation rates, CMU alumni often collect high salaries as well. Graduates of CMU earn about $94K on average.
A gender wage gap becomes apparent after college, with female graduates earning only $78K on average compared to approximately $99K for male graduates.
In the CMU alumni professional community, Senior Software Engineers make the highest median pay (around $130K), though Software Engineers ($104K), and Data Scientists ($100K) are close competitors. Mechanical Engineers pick up $77K in financial rewards, representing the lowest-paid position among alumni.
When it comes to compensation, Pittsburgh, Pa. brings up the rear (median pay is $73K); however, around one in six CMU alumni still choose not to leave this city. On the opposite end of the pay scale is San Francisco, Calif., a top-paying city for CMU grads looking to earn a larger-than-average sum (this city has a median pay of about $114K). Other common destinations include Washington, DC and Seattle, Wash.
A Master of Business Administration (MBA) will compensate CMU grads at a much higher rate than other degrees — these alums rake in $126K on average per year. Ranking last in the compensation department are those holding a Master of Fine Arts (MFA) — their annual income amounts to approximately $61K on average.
Carnegie Mellon University grads with Java experience garner salaries that are 17 percent more than other grads' salaries. Around one in seven CMU grads wind up using Project Management at their job, which is one of the most common skills among alumni. Other prime know-hows include Data Analysis, Java, and Engineering Design.
Benefits and Perks
Only one in three grads earn paid vacation and just one in five survey participants get paid sick time. Nearly all grads allocate some part of their earnings to a company-sponsored 401(k) savings plan. Health insurance benefits extend to nearly all graduates, and most alums sign up for dental plans. Additional benefits handed to Carnegie Mellon University alumni include a casual working environment, life insurance, flexible hours, and a company-subsidized cell phone.
Among alumni of similar schools, Princeton University grads (who make an average of $85K) earn salaries most similar to CMU alumni. Case Western Reserve University, Johns Hopkins University, and Georgetown University are also similar to CMU.