Graduates of the UMich work in a variety of sectors including the aerospace and defense industry, the consulting industry, and the manufacturing industry. The automotive manufacturing industry registers as the most common industry among alumni. It is typical for UMich grads — a group that scores high on the SATs and contributes to an impressive graduation rate — to earn above-average incomes as well. Graduates of the UMich earn $77K on average.
Male graduates on average earn more than female graduates; the first group banks approximately $86K per year, but the second group takes home only about $60K.
The most lucrative professionals among UMich alumni are Senior Software Engineers; they earn a median annual salary of $115K. Also approaching the top of the pay scale at $100K and around $85K, respectively, are Information Technology Directors and Software Engineers. Sliding in near the bottom are Marketing Research Analysts, who report earnings of $43K.
A large number of students head to Detroit, Mich. after college. Los Angeles, Calif. is also a common destination for UMich grads and offers the best pay with a median salary of about $132K. On the far end of the pay scale, UMich alumni often reside in Washington, DC, which is home to the lowest pay at approximately $61K. Chicago, Ill. is also a top pick, as is Ann Arbor, Mich.
With a median annual earnings of $150K per year, former Wolverines who have a Juris Doctor (JD), Master of Jurisprudence, or Master of Law (LLM) are the best paid among the alumni population. Those holding a Bachelor's Degree, Psychology are less fortunate in terms of earnings, bringing in $32K on average per year.
Leadership commands a pay premium of 58 percent for former Wolverines. Many UMich grads have knowledge of Project Management, with slightly more than a fifth of alumni using this program on the clock. Microsoft Office, Microsoft Excel, and Data Analysis are among other dominant skills.
Benefits and Perks
Only two-fifths of alumni for this school enjoy paid vacation days and about one-third of alumni get paid sick time. The vast majority of graduates have medical plans, and a large number of alums have dental insurance. To plan for old age, nearly all graduates maintain savings accounts through a company's 401(k) plan. Additional benefits handed to University of Michigan alumni include a casual working environment, a company-subsidized cell phone, life insurance, and flexible hours.
Alumni of Purdue University pick up average paychecks of $76K, which is closest to the amount made by UMich grads among similar schools. Other schools similar to UMich include Wayne State University, Michigan State University, and the University of Illinois at Chicago.