Professionally, the consulting industry, software as a service (SAAS) development, and the health care industry are popular business areas among Wellesley alumni. The education industry is the sector most highly represented among alumni. The financial services industry is perhaps the least commonly worked industry among Wellesley grads, with less than two percent of former students experienced in this area. The average starting salary for a graduate of Wellesley is $62K.
The number of female graduates who responded to the survey outweighs the number of men; the female-to-male ratio is more than 3 to 1.
Software Engineers win the contest for best-paid Wellesley alumni, making $108K on average every year, though Marketing Directors (around $105K), and Product Managers of Software ($76K) are not far behind. Relative to other positions, compensation dwindles for Executive Assistants; alumni in this role face average salaries of about $45K.
New York, N.Y. is filled with Wellesley grads. It is no surprise that Los Angeles, Calif., which hands out the biggest paychecks (the average salary is $80K), is another of the most popular spots for former Wellesley students. The city with the lowest median paycheck frequented by Wellesley alumni is Boston, Mass., where earnings average approximately $56K. Graduates also relocate to Washington, DC and San Francisco, Calif.
Wellesley students with a Doctor of Philosophy (PhD) can expect to make the most money (about $104K on average per year) compared to their fellow graduates. A B.A. in Psychology commands less pay, and these degree-holders face median pay of $42K.
Many Wellesley grads have knowledge of Project Management, with just under a fifth of alumni using this program on the clock. Knowledge of Strategic Marketing seems to be related to bigger paychecks; in fact, skilled alumni bring in salaries that are 36 percent more than their former classmates' salaries ($84K). Also considered top-notch skills are Data Analysis, Microsoft Excel, and Microsoft Office.
Benefits and Perks
Only about one-third of alumni enjoy paid vacation and one-fifth of alumni receive sick leave. Most alums receive health insurance, and a fair number of former students get dental coverage. A large number of survey participants set up a 401(k) to save for retirement. Alumni of Wellesley College also take in a casual working environment, life insurance, flexible hours, and tuition reimbursement.
Saint Anselm College graduates, who earn around $64K on average, make a similar amount to Wellesley grads. Other schools similar to Wellesley include Pine Manor College, College of the Holy Cross, and Wheaton College.