2018 2018 MI MIT Em Employer Sy Symposium: Emplo Employmen ment Da Data Deborah Liverman, Ph.D. Sue Acton, Ph.D.
Ov Overview: • Share 2017 “First Destination” Data for Bachelors, Master’s, and PhDs • Take an in-depth look at job search times, industries, and geographic locations • Review salaries by geographic locations and demographics 2
Overview of Graduating Student Survey y and Earned D Doc octor orate S Survey 3
Da Data Sour urces Data • MIT Graduating Student Survey • 2010 – 2017 Reports • Raw Data 2017 • MIT Earned Doctorate Survey • 2013 – 2017 Reports • Raw Data 2017
Poi oints t to K o Keep i in M Mind R Regarding t g the D Data • Respondents may not be representative of all students (60-86% response rates) • Data are self-reported • Students who reported $0 salary due to founding start-ups in 2017 were not included • Masters students include SM, MEng, MBA • Due to limited numbers, we could not always dissect in multiple ways • No statistical analysis has been performed • We will show you the data, and can sometimes eliminate possible causes for findings, but generally can’t address the ‘why’ of the data
Th The Employment Cycle
Ti Timing of t g of the I Initiation on of t of the Job Job S Search f for or M MIT Ba T Bachelor ors Gr Grad aduates s In 2017 2017 Grads starting search 40% 35% Fall Job Fair 30% % of Graduating 25% Bachelor’s 20% Students Starting Their 15% Job Search 10% 5% 0% Before Sept Oct Nov Dec Jan Feb Mar Apr May June July Aug Sept Month when student began their search
Ti Timing of t g of the I Initiation on of t of the Job Job S Search f for or M MIT Ba T Bachelor ors Gr Grad aduates 2017 Grads starting search 40% 2013 Grads starting search 35% 30% % of Graduating 25% Bachelor’s Students 20% Starting Their 15% Job Search 10% 5% 0% Before Sept Oct Nov Dec Jan Feb Mar Apr May June July Aug Sept Month when student began their search
Th The Year arly ly Percentag age of f Bac achelo lors Students Wh Who St Started Their Se Search Be Before Se September 40% 35% 30% % of 25% students who 20% started their 15% search before 10% Sept 5% 0% 2010 2011 2012 2013 2014 2015 2016 2017
Th The Year arly ly Percentag age of f Bac achelo lors Students Wh Who Received an Offer From Their Internship Re % starting their 40% search before Sept 35% % received offer 30% % of from internship 25% students 20% 15% 10% 5% 0% 2010 2011 2012 2013 2014 2015 2016 2017
The Yearly y Percentage of Graduating MIT Bachelors Students Who Received an Offer by y November 70% 61% 60% % of Graduating Bachelors 50% Students Who Had Received 40% an Offer by November 30% 20% 10% 0% 2010 2011 2012 2013 2014 2015 2016 2017
Em Empl ploym yment Locations ns
Th The S States W Where M MIT Ba T Bachelor ors a and M Masters G Graduates Found Employm yment Only students who indicated a job location are included
Th The Ar Areas W Where Ba Bachelor ors a and M Masters M MIT G T Graduates Found Positions in 2017 Fo Distinct count of Student # 1 20 40 60 Seattle ≥ 80 Boston NYC SF
Ar Area eas i in w which M MIT P IT PhD G Graduates es F Fou ound Employm yment in 2017 Number of Records 1 5 10 15 21
Th The Industries
Th The T Top op I Industries H Hiring M g MIT Ba T Bachelor ors Gr Grad aduates s in in 2017 22% Computer Software 14% Consulting 9% Aerospace 9% Financial Services 8% Engineering 2017 7% Industrial/Consumer Manufacturing 2016 4% 2015 Automotive & Transportation 2014 4% Investment Banking 2013 4% Pharmaceuticals 3% Health/Medicine 2% Military 2% Energy & Utilities 0% 5% 10% 15% 20% 25% 30% % of Graduating Bachelors
Industry1 MI MIT 2017 Bachelors: : Industrial and Consumer Manufactu.. Communications, Arts, Entertainme.. Computer Hardware/Electrical Engi.. Automotive and Transportation In Industries ies vs Chemicals and Materials Aerospace and Defense Departmen Dep ments Academia (Higher Ed) Investment Banking Computer Software Energy and Utilities Non-Profit or NGO Financial Services Business Services Applied Research Education (K-12) Health/Medicine Basic Research Pharmaceutics Government Engineering Consulting Military EECS majors • Other Law Department Name were hired in Aeronautics and Astronautics Anthropology almost all Biological Engineering Biology industries Brain and Cognitive Sciences Chemical Engineering The consulting • Chemistry Civil and Environmental Eng industry hired Earth, Atmos & Planetary Sci Economics most majors Electrical Eng & Computer Sci Humanities and Engineering Linguistics and Philosophy Management Materials Science and Eng Distinct count of Salary 1 Mathematics 5 Mechanical Engineering 10 Nuclear Engineering 15 Physics 21 Political Science Urban Studies and Planning
Th The T Top op I Industries H Hiring M g MIT M T Masters G Graduates (S (SM/MEng/MBA) i A) in 2017 2017 25% Consulting 12% Computer Software 6% Financial Services 6% Military 6% Industrial/Consumer Manufacturing 2017 6% 2016 Engineering 5% 2015 Aerospace 2014 4% Business Services 3% 2013 Investment Banking 3% Computer Hardware/EE 3% Automotive & Transportation 3% Academia (Higher Education) 0% 5% 10% 15% 20% 25% % of Graduating Masters
Industry1 MI MIT 2017 Ma Masters: : Communications, Arts, Entertainme.. Industrial and Consumer Manufactu.. Computer Hardware/Electrical Engi.. Architecture and Urban Planning Automotive and Transportation In Industries ies vs Dep Departmen ments Chemicals and Materials Aerospace and Defense Academia (Higher Ed) Investment Banking Energy and Utilities Computer Software Non-Profit or NGO Business Services Financial Services Applied Research Health/Medicine Basic Research Pharmaceutics Government Engineering Consulting Military Other Law Department Name Includes MBA, SM, Aeronautics and Astronautics Architecture MEng graduates Biological Engineering Chemical Engineering Civil and Environmental Eng Computation for Des & Optmiz Electrical Eng & Computer Sci Engineering Management Engineering Systems Division Health Sciences & Technology Humanities Inst for Data, Syst, & Soc Number of Records 1 Management 10 Mechanical Engineering 20 Nuclear Engineering 30 Operations Research 40 Prog in Media Arts Sciences ≥ 50 Supply Chain Management Pro.. Urban Studies and Planning
Em Employment Opportunities for Ph PhD Graduates PhD Graduates Other Post-doctoral positions Industry (Academic & Industry)
The Percentage of PhD Graduates Seeki king Full- time Employm yment in Industry y 100% 90% % PhD 80% Students 70% Seeking Full- time 60% Employment 50% over Further Training 40% 30% 20% 10% 0% 2013 2014 2015 2016 2017* *may be slightly higher than past years since no ‘other’ category available for selection
Th The T Top op I Industries H Hiring M g MIT P T PhD Gr Grad aduates s in in 2017 2017 15.7% Engineering 10.7% Computer Software 8.9% Health/Medicine 5.6% Pharmaceuticals 5.0% Consulting 2017 4.4% Chemicals & Materials 2016 4.1% 2015 Aerospace 2014 3.8% Government 2013 2.7% Computer Hardware/EE 2.4% Financial Services/Investment Banking 2.1% Energy & Utilities 1.5% Automotive & Transportation 0% 5% 10% 15% 20% *Does not include academia; does % of Graduating PhD Students include post-docs in industry
MIT 2017 Ph MIT PhDs: Industry Name Architecture and Urban Pl.. Communications, Arts, En.. Automotive and Transpor.. Industrial and Consumer .. Non-profit Agency or NGO Chemicals and Materials Computer Hardware/EE Aerospace and Defense In Industri ries es vs Investment Banking Computer Software Energy and Utilities Financial Services Business Services Health/Medicine Pharmaceuticals De Depa partme tment Government Engineering Consulting Education Military Other Law Dept Name Aeronautics and Astronau.. Architecture Biological Engineering PhD students are hired Biology Brain and Cognitive Scien.. in many different Chemical Engineering Chemistry industries Civil and Environmental E.. Earth, Atmospheric, and P.. Economics EECS Health Sciences and Tech.. Institute for Data, Syste.. Linguistics and Philosphy Materials Science and Eng.. Mathematics Number of Records Mechanical Engineering 1 Media Arts and Sciences 5 10 Nuclear Science and Engin.. 15 Operations Research 17 Physics Political Science Science Technology and S.. Sloan School of Managem.. Non-postdocs only included Urban Studies and Planni..
Th The Salaries
Median Salaries of MIT Graduates by y Year $140,000 % MBA $130,000 increase PhD - Industry 2017 Increase in $120,000 Median from 2014 median MEng $110,000 salary to 2017 salary Degree $100,000 MBA $130,000 $5,000 4% PhD- $90,000 SM $119,500 $14,500 14% Industry $80,000 SB MEng $115,000 $15,000 15% $70,000 SM $85,000 $5,000 6% $60,000 PhD – Postdoc SB $85,000 $12,500 17% $50,000 PhD- $52,500 $2,500 5% Postdoc $40,000 2014 2015 2016 2017 Note: Salaries not adjusted for inflation
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