Graduates of Luther work in a variety of sectors including the education industry, the banking industry, and the manufacturing industry. The most highly represented industry among alumni is the financial services industry. Graduates of Luther earn $54K on average.
A gender wage gap becomes apparent after college, with female graduates earning only about $50K on average compared to $68K for male graduates.
Former Luther students with an interest in making money consider becoming Operations Managers, the highest-paying gig (average earnings amount to around $101K) among this alumni group. Other well-paid jobs include Financial Controllers (approximately $100K) and Software Engineers ($70K). Marketing Coordinators get the short end of the stick when it comes to salary; grads report making an average of $40K in this job.
A large number of students head to Minneapolis, Minn. after college. With a median salary of $80K, Seattle, Wash. represents the highest-paid city popular among Luther grads. Luther College alumni often stay in Decorah following graduation despite having one of the lowest median salary among popular cities (approximately $40K). Alumni express interest in St. Paul, Minn. and Des Moines, Iowa as well.
Luther grads who hold a Master of Business Administration (MBA), Finance can expect to fare better than most fellow alumni, earning an average $143K per year. Graduates holding a B.A. in Business Management fare the worst in terms of compensation with an average yearly salary of about $46K.
Microsoft Office is a common skill among Luther alumni — nearly one in ten grads mention using it at work. Financial Analysis commands a pay premium of 23 percent for Luther College grads. Project Management, Microsoft Excel, and Data Analysis are desirable skills as well.
Benefits and Perks
Only one-third of alumni for this school enjoy paid vacation days and about one-sixth of alumni get paid sick time. Most graduates plan for retirement by taking advantage of a company-sponsored 401(k) program. Health coverage is awarded to most survey participants, and dental insurance is issued to more than half of survey participants as well. Alumni of Luther College also take in a casual working environment, life insurance, tuition reimbursement, and a company-subsidized cell phone.
Cornell College grads bring in salaries of around around $55K, making them the most similar to Luther alumni in terms of earnings. Other schools similar to Luther include Carleton College, St Olaf College, and Ripon College.