Graduates of the UMich work in a variety of sectors including the education industry, the consulting industry, and the software development industry. Among UMich grads, the automotive manufacturing industry is a commonly chosen career field. Consistent with the high SAT scores and graduation rates reported by UMich alumni, former students go on to earn high salaries. Those with an education from the UMich earn an average of around $76K.
After graduation, disparities in salary rise to the surface — males earn an average $83K per year compared to females' about $66K.
The UMich alumni who make the most are Senior Software Engineers; they report a median pay of $104K. Software Engineers and Mechanical Engineers draw in a fair amount as well — approximately $82K and $75K, respectively. On the lower end, Project Engineers report making $72K.
Despite handing out the worst average salary ($66K), Ann Arbor, Mich. holds on to its UMich student population, and less than ten percent of grads continue to reside in the city. By comparison, the top-paying city popular with UMich alumni is San Francisco, Calif., which offers a median salary of about $100K. Chicago, Ill. is also a top pick, as is New York, N.Y.
A Master of Business Administration (MBA), Finance will compensate UMich grads at a much higher rate than other degrees — these alums rake in $119K on average per year. Ranking last in the compensation department are those holding a Master of Social Work (MSW) — their annual income amounts to approximately $50K on average.
Project Management is a popular skill among UMich alumni, with around a sixth of workers reporting using it on the job. Former Wolverines with Strategic Planning abilities can expect to make 26 percent more than their former classmates ($96K). Microsoft Excel, Data Analysis, and Microsoft Office are desirable skills as well.
Benefits and Perks
Only one-third of alumni earn paid vacation and just one-fifth of alumni get paid sick time. Most alumni save up for retirement through a 401(k) plan. For this school, most respondents are the recipients of health benefits, and a fair number of alumni pick up dental plans, too. Additional perks enjoyed by University of Michigan grads include a casual working environment, life insurance, a company-subsidized cell phone, and flexible hours.
Among alumni of similar schools, Purdue University grads (who make an average of $73K) earn salaries most similar to UMich alumni. Other schools similar to UMich include Wayne State University, Michigan State University, and the University of Illinois at Chicago.