It's hard to find a better value for your tuition dollar than at the Illinois Institute of Technology, a university based in Chicago, Ill.. The school is ranked in the top 5 percent of universities by return on investment. This report is based on the responses of IIT graduates who completed the PayScale salary survey.

College ROI Report

81st

20 Year Net ROI 

$577,000

Annual ROI 

6.4 %

Total 4 Year Cost 

$236,000

Compare to Other Schools

College Salary Report

82nd

Early Career Salary 

$64,900

Mid-Career Salary 

$121,800

% High Meaning 

49 %

Compare to Other 4-Year Schools

Illinois Institute of Technology (IIT) Median Salary by Job

MinMax

$84,081
$65K$115K

Project Engineer
43 profiles
$71,569
$57K$92K

$66,478
$52K$96K

United States (change)

$101,345
$80K$144K

$69,311
$56K$115K

$78,300
$57K$101K

$59,462
$47K$85K

See all degrees for Illinois Institute of Technology (IIT) »
  • Currency: USD
  • Updated: 24 Nov 2018
  • Individuals Reporting: 1,778
  • View Table

About This School

10 West 35th Street
Chicago, IL 60616

Illinois Institute of Technology

3,858

Engineering, Private School, Research University, Sober School

73 %

60 %

74 %

29 %

Industry

Graduates of IIT go into the engineering services industry, the consulting industry, and the software development industry, not to mention a variety of other lines of work. A large chunk of former IIT students are employed in the architectural services industry; in fact, this is the most popular job sector for this population. IIT graduates often advance into high-paying positions, which is somewhat expected given their above-average SAT scores. Following graduation, IIT students earn an average of around $78K.

Jobs

IIT grads who become Senior Software Engineers garner financial rewards beyond any other job type for this group — these alumni rake in an average $98K annually. However, Software Engineers and Software Developers also rank as top-earners (bringing in about $81K and $72K, respectively). Relative to other positions, compensation dwindles for Design Architects; alumni in this role face average salaries of $53K.

Locations

Though Chicago, Ill. offers the least in terms of financial rewards (median pay is the lowest at $73K), more than two-fifths of IIT students continue living here after college. IIT alumni in search of the largest paycheck, on the other hand, will find it in Seattle, Wash. where approximately $102K is the average pay. New York, N.Y. and Los Angeles, Calif. also rank high on the list of cities.

Degree Major

IIT students with a Master of Business Administration (MBA), Finance can expect to make the most money ($122K on average per year) compared to their fellow graduates. The degree that warrants the lowest level of financial compensation is a Bachelor of Business Administration (BBA) ($48K on average annually).

Skills

Many IIT grads have knowledge of Project Management, with around one in five alumni using this program on the clock. Illinois Institute of Technology grads who have experience with JavaScript can expect to make 11 percent more than other alumni ($87K on average). Competency in Engineering Design, Autodesk AutoCAD, and Microsoft Office also warrants excellent remuneration.

Benefits and Perks

Only about one in three grads enjoy paid vacation and one in six survey participants receive sick leave. Benefits are rather generous for graduates of this school; a large number of survey participants are rewarded with health insurance and a strong majority of grads report dental coverage, too. In an effort to save up for the years ahead, most alums contribute to a 401(k). Alumni of Illinois Institute of Technology also take in a casual working environment, life insurance, a company-subsidized cell phone, and tuition reimbursement.

Related Schools

Clarkson University grads report the most similar salaries to IIT alums, earning around $77K on average. The University of Dayton, Duquesne University, and Drexel University are also similar to IIT.

Illinois Institute of Technology (IIT) Job Listings

Test Scores

Academics 25th Percentile 75th Percentile
SAT Scores 1670 2020
ACT Scores 25 30

Key Stats for Illinois Institute of Technology (IIT)

Gender

Female
26 %
Male
74 %
Salary
$45,923 - $91,838
Salary
$52,923 - $106,933

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 508 votes.
Less than 1 year
8%
1-4 years
40%
5-9 years
22%
10-19 years
18%
20 years or more
12%
$70,461 - $110,073
$71,308 - $82,424
$114,766 - $135,188
$46,181 - $94,082
$68,510 - $138,726
$53,896 - $137,963
$39,866 - $118,990
$59,946 - $100,360

More Charts for Illinois Institute of Technology (IIT)

Most Popular Job for Illinois Institute of Technology (IIT) Alumni


Most Popular Employer Name for Illinois Institute of Technology (IIT) Alumni


Most Popular Company Size for Illinois Institute of Technology (IIT) Alumni


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