Graduates of the U of C are found working in a number of different fields including the consulting industry, the financial services industry, and software as a service (SAAS) development. The most popular career sector among alumni is the education industry. The average salary for a grad from the U of C is $71K.
There's a noticeable difference between the genders; where the average man hauls in $82K after graduating from U of C, the average woman earns only approximately $61K.
Among U of C graduates, the biggest earners are Software Engineers, who haul in $87K on average. Next on the list are Data Scientists and Management Consultants, bringing in about $85K and around $77K, respectively. Sliding in near the bottom are Non-Profit Organization Program Coordinators, who report earnings of $43K.
About two in five U of C students choose to remain in Chicago, Ill. after graduation, where the average salary is actually the lowest at about $67K. On the opposite end of the pay scale is San Francisco, Calif., a top-paying city for U of C grads looking to earn a larger-than-average sum (this city has a median pay of $99K). Other common destinations include Washington, DC and Seattle, Wash.
A Master of Business Administration (MBA), Accounting & Finance earns U of C students the most money after college (an average $146K per year). A Master of Social Work (MSW), Clinical Social Work (CSW) offers the lowest median annual financial reward (around $40K).
Data Analysis is a popular skill among U of C alumni, with around one in six grads reporting using it on the job. Python commands a pay premium of 19 percent for University of Chicago grads. Other prime know-hows include Project Management, 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. A large number of survey participants allocate some part of their earnings to a company-sponsored 401(k) savings plan. Most former students have medical plans, and a strong majority of alums have dental insurance. Additional perks enjoyed by University of Chicago grads include a casual working environment, life insurance, a company-subsidized cell phone, and free drinks.
Alumni of Washington University in St Louis pick up average paychecks of $72K, which is closest to the amount made by U of C grads among similar schools. Other schools similar to U of C include Northwestern University, the University of Notre Dame, and Case Western Reserve University.