Professionally, software as a service (SAAS) development, the financial services industry, and the management consulting industry are popular business areas among Columbia alumni. A large chunk of former Columbia students are employed in the education industry; in fact, this is the most popular job sector for this population. It is quite common for Columbia grads — a demographic that scores high on the SATs — to earn top-notch salaries in the workforce. Following graduation, Columbia students earn an average of $82K.
It's worth noting that female graduates earn a median salary of $71K whereas the men's median is approximately $97K.
Among Columbia graduates, the biggest earners are Executive Directors, who haul in about $170K on average. Next on the list are Senior Management Consultants and Software Engineers, bringing in $95K and $93K, respectively. Collecting the smallest paychecks are Mental Health Therapists — they bring in around $44K.
Many Columbia alumni seem to stick around New York after wrapping up their studies; approximately half of grads remain to find permanent work. Columbia grads also flock to Stamford, Conn., which is home to salaries significantly above average (median pay is about $141K). For comparison, the lowest-paying city popular with Columbia alumni is Los Angeles, Calif., which offers a median salary of $55K. Seattle, Wash. and Washington, DC also rank high on the list of cities.
A graduate with a Master of Business Administration (MBA), Business & Marketing from Columbia can rake in a whopping average $220K per year, more than any other degree from this school. A master's in social work commands less pay, and these degree-holders face median pay of around $53K.
Close to a seventh of Columbia grads wind up using Project Management at their job, which is one of the most common skills among alumni. Strategic Planning commands a pay premium of 34 percent for former Lions. Also considered top-notch skills are Data Analysis, Strategic Planning, and Microsoft Excel.
Benefits and Perks
When it comes to benefits, there is room for improvement — only one-third of alumni are paid for vacation and just one-third of alumni for sick time. In an effort to save up for the years ahead, a large number of grads contribute to a 401(k). Benefits are rather generous for graduates of this school; a large number of former students are rewarded with health insurance and a strong majority of graduates report dental coverage, too. Graduates of Columbia University in the City of New York are also recipients of a casual working environment, a company-subsidized cell phone, tuition reimbursement, and life insurance.
Among alumni of similar schools, Johns Hopkins University grads (who make an average of $81K) earn salaries most similar to Columbia alumni. Other schools similar to Columbia include Yeshiva University, New York University, and Princeton University.