Graduates of the UMD head into a range of vocations when it comes to work; IT services, the aerospace and defense industry, and the software development industry are just a few professional areas popular among alumni. The most popular professional field seems to be the consulting industry. Those with a degree from the UMD make an average of around $72K.
Male graduates on average earn more than female graduates; the first group banks about $78K per year, but the second group takes home only $65K.
The most lucrative professionals among UMD alumni are Senior Software Engineers; they earn a median annual salary of $113K. Also approaching the top of the pay scale at $83K and approximately $74K, respectively, are Software Engineers and Project Managers. Financial Analysts face rather mediocre compensation — average salaries are actually the lowest at $63K.
Washington, DC is filled with UMD grads. It is no surprise that Arlington, Va., which hands out the biggest paychecks (the average salary is $74K), is another of the most popular spots for former UMD students. For comparison, the lowest-paying city popular with UMD alumni is Rockville, Md., which offers a median salary of $62K. Nearby Baltimore, Md. is also a top pick for UMD grads, as is New York, N.Y.
A Doctorate (PhD) will compensate UMD grads at a much higher rate than other degrees — these alums rake in $100K on average per year. Average annual salaries for those with a Master of Education (MEd) are the lowest of the pack, earning around $53K.
Project Management is a common skill among UMD alumni — around one in seven grads mention using it at work. Former Terrapins with Java abilities can expect to make 14 percent more than their former classmates ($81K). Other top skills include Microsoft Excel, Microsoft Office, and Data Analysis.
Benefits and Perks
Only one-third of alumni earn paid vacation and just one-fifth of alumni get paid sick time. Most alums have medical plans, and a strong majority of alums have dental insurance. A large number of former students allocate some part of their earnings to a company-sponsored 401(k) savings plan. Alumni of University of Maryland also take in a casual working environment, life insurance, tuition reimbursement, and a company-subsidized cell phone.
University of Virginia grads bring in salaries of around about $71K, making them the most similar to UMD alumni in terms of earnings. Other schools similar to UMD include the University of Delaware, Virginia Commonwealth University, and Rutgers University-New Brunswick.