Professionally, software as a service (SAAS) development, the financial services industry, and the consulting industry are popular business areas among Princeton alumni. The most popular field is the education industry. Consistent with the high SAT scores and graduation rates reported by Princeton alumni, former students go on to earn high salaries. Median pay for those who graduated from Princeton amounts to around $89K.
There is a sizable difference between men's post-college salaries and women's: the median for the former is approximately $100K, but the median for the latter is only $72K.
In the Princeton alumni professional community, Professors make the highest median pay ($134K), though Senior Software Engineers (about $127K), and Research Scientists ($105K) are close competitors. Research Associates face rather mediocre compensation — average salaries are actually the lowest at $56K.
A large number of students head to New York, N.Y. after college. The top-paying city popular with Princeton alumni is Boston, Mass., which offers a median salary of $98K. For comparison, the lowest-paying city popular with Princeton alumni is Philadelphia, Pa., which offers a median salary of $67K. Washington, DC and San Francisco, Calif. are also desirable cities.
Princeton students with a Master of Business Administration (MBA), Finance can expect to make the most money ($150K on average per year) compared to their fellow graduates. A B.A. in Art History offers the lowest median annual financial reward (approximately $38K).
Project Management is a popular skill among Princeton alumni, with around a sixth of workers reporting using it on the job. Competency in People Management translates into above-average pay for former Tigers — they earn 29 percent more than their fellow graduates. Also considered top-notch skills are Data Analysis, Microsoft Excel, and Research Analysis.
Benefits and Perks
Just one-third of alumni enjoy paid vacation and merely one-fifth of alumni get paid sick time. Health coverage is awarded to a large number of grads, and dental insurance is issued to a strong majority of alumni as well. A large number of respondents participate in a 401(k) retirement savings plan. Alumni of Princeton University also take in a casual working environment, life insurance, a company-subsidized cell phone, and flexible hours.
Carnegie Mellon University graduates, who earn around $92K on average, make a similar amount to Princeton grads. Other schools similar to Princeton include the University of Pennsylvania, New York University, and Columbia University in the City of New York.