Professionally, the architectural services industry, the software development industry, and the civil engineering services industry are popular business areas among IIT alumni. Among IIT grads, the financial services industry is a commonly chosen career field. Consistent with the high SAT scores reported by IIT alumni, former students go on to earn high salaries. Former IIT graduates bring in about $83K on average.
The school's graduates who responded to the survey are largely male (the male-to-female ratio is 3 to 1).
The most lucrative professionals among IIT alumni are Software Engineers; they earn a median annual salary of approximately $107K. Also approaching the top of the pay scale at around $96K and $90K, respectively, are Financial Advisory Services Associates and Structural Engineers. Salaries are anything but generous for Electrical Engineers, whose earnings rank lowest on the pay scale at $59K.
It is typical for many IIT grads (a little more than half of former students) to remain in Chicago, Ill., which may come as a shock given the city's depressed salaries (median pay is $83K). By comparison, the top-paying city popular with IIT alumni is San Francisco, Calif., which offers a median salary of $113K.
A graduate with a Bachelor of Science in Mechanical Engineering (ME) from IIT can rake in a whopping average about $106K per year, more than any other degree from this school. The degree that warrants the lowest level of financial compensation is a Master of Science (MS), Computer Science (CS) ($62K on average annually).
Many IIT grads have knowledge of Project Management, with one in three alumni using this program on the clock. Illinois Institute of Technology grads who have experience with SQL can expect to make 16 percent more than other alumni ($96K on average). Competency in Engineering Design, SQL, and C++ Programming Language also warrants excellent remuneration.
Benefits and Perks
Approximately half of the former students can rely on paid vacation days, but just one in three grads have the luxury of paid sick time. A large number of grads take advantage of a 401(k) plan. Most former students receive health insurance, and most alums get dental coverage. Illinois Institute of Technology graduates also take advantage of life insurance, tuition reimbursement, a company-subsidized cell phone, and gym / health club / fitness membership.
Stevens Institute of Technology graduates, who earn approximately $89K on average, make a similar amount to IIT grads. The University of Dayton, Duquesne University, and Drexel University are also similar to IIT.