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MIT
The M Global Ed C er to e he
ducation and Career Development Cente is pleased t provide the results of th MIT Class of 2009
ating Student Survey, prov
Gradua t viding inform
mation about th immediate post-graduat
he e tion plans of a
all
graduaating MIT stu udents. One thhousand three hundred and eighteen of t 2,280 und
d the nd
dergraduate an Master’s g graduates
responnded, represen ent
nting 58 perce of the grad duating class. Three hund
. 607
dred thirty of 6 doctoral d ates ed,
degree gradua responde
represe cent
enting 54 perc of the gr ss. rt ve
raduating clas This repor represents a collaborativ effort between this office and
tional Resear I particula want to t
Institut rch. arly thank Deborah Liverman, A
h Associate Dir rector for Car Services, for her
reer
leaders urvey.
ship of this su
MIT’s Class of 2009 graduated during one of the worst job markets in r
d f b ege s
recent history. Recent colle graduates across the
nation struggled in t economic climate, as e
this c evidenced by the fact that only 20% of 2009 college graduates ha full-time
y ad
employ in s
yment, rising to 60% withi six months of graduatio (National A
on f ).
Association of Colleges and Employers) Companies s
ting on-campu fell by 40% or more, ev at MIT.
recruit us % ven
te
Despit this bleak b f d
backdrop, the MIT Class of 2009 bucked the trends b faring bette than the na
by er ge ll
ational averag in nearly al
employ ures ally ains
yment measu and actua making ga over prio years in oth measures. Although M
or her MIT’s recent g y
graduates may
done better in the job market than most o their peers, they definite experienced the impact of the recess
have d of ely t sion with a
e ber d wer
decline in the numb who found jobs and low salaries fo some degre levels. The most signif
or ee s
ficant declines were amongg
r’s oral
Master and Docto degree rec cipients, but t lack of co
the omprehensive national data for Master’s and Doctora graduates
a s al
o ow
makes it difficult to determine ho their outco re
omes compar with their n s.
national peers
The ex at
xperiences tha students en ngage in while at MIT play a significant role in their success. Nati
e y t ionally, emplloyers report
that in deciding betwween two equ d ect ho
ually qualified candidates, they will sele the one wh has held a leadership po osition. The
same r es
report indicate that interns ship, extracurrricular and vo
olunteer activ or me,
vities can be a factor and fo the first tim GECDC
had coompanies spec cifically targe
eting and hirin students be
ng ecause of partticipation in a study abroad experience. We know th
d hat
IT e
the MI experience is unique and this informa ation undersc
cores its impo cularly in thes tough econ
ortance, partic se nomic times.
raduates Fared Well in th Shrinking Job Market
SB Gr he g t
te ging job mark in 2009, 8
Despit the challeng ket 89% of MIT S graduates who were pur
SB rsuing work h accepted a job offer by
had y
me ion, only 1% lower than th previous ye At the sam time, our SB graduates saw a 2.5% i
the tim of graduati he ear. me s increase to
70
$67,27 which cont y trend. This wa significant higher than the national average for all disciplines
tinues a five year upward t as tly n l s,
33, ing ,
$48,63 as well as for engineeri graduates, $59,670.
ce ed
Financ was replace by manage ement consultting and techn
nology as the top hiring industry sectors of SB gradu
s 7,
uates. In 2007
an
Morga Stanley, Le ers, an,
ehman Brothe JP Morga and Goldm Sachs we among the top ten empl
man ere e T
loyers of MIT graduates.
Morgan Stanle remained in 2009 and w part of a d
Only M ey i was diverse mix o top employ including MIT, McKin
of yers g nsey & Co.,
soft, Exxon M
Micros A on,
Mobil, Booz Allen Hamilto Merck, Or racle and Inte Lincoln La and variou other camp laboratories
el. abs us pus
nted w
accoun for most of the hires within MIT.
More SB Graduate Go to Gra
es ol
aduate Schoo
ase
There was an increa in the num mber of SB grraduates pursu
uing graduate school, spec
e cifically Master’s programs This may b
s. be
porary reflecti of the stat of the econ
a temp ion te nomy in which students are putting off e
h e ob f
entering the jo market. Of the SB
ates t ate 3% % 7%
gradua who went on to gradua school, 43 are pursuing a PhD, 26% MEng, 24% MS, and 17 MD. Top graduate p
school attended by SB graduate included M Stanford, Harvard, UC Berkeley, C Tech, and UC San Dieg MIT
ls y es MIT, C Cal go.
ues ate
continu to domina as the top choice for gr raduate schoo 67% of SB graduates pu
ol. B te
ursing graduat school app plied to MIT
3%
and 43 are now at T. the
ttending MIT Stanford is t second ch 7%
hoice where 7 are attendi ing.
1
er’s es ry
Maste Graduate Accepted Lower Salar Offers
009
For 20 Master’s g ing e
graduates who were pursui work, the 83% job plac
cement rate w down by o
was m s
only 1% from the previous
The for as
year. T average f MBAs wa $110,713, d down 6.1% fr
rom $117,906 the previous year, the ave
6 s erage for MEn graduates
ng
was $8 $ the
81,667, down 4.9% from $85,830, and t average fo SM gradua was $72,6
or ates 7%
645, down 8.7 from $79, ,570.
While management consulting, scientific serv
t s hnology remai
vices and tech of
ined as the top hiring industry sectors o SM and
MEng graduates, th hired fewe graduates t
hey er than in past yeears. More MMaster’s gradu to
uates went int public adm ministration,
manuf nsportation, an a multitude of diverse s
facturing, tran nd sectors that di not traditionally hire at M The shift into these
id MIT.
ries, which do not typically have high e
industr o y entry-level sal
laries, could e ecrease in star
explain the de rting salaries. Top
yers d
employ included Apple, Bain, Cisco, McK Kinsey & Co., Microsoft, U Air Force Intel, Google and Fidelit Investment
U.S. e, ty ts.
Graduates Fe the Pain of the Econom Downtur
PhD G elt o mic rn
b
A soft academic job market and the overall de job ad pact
ecline of the j market ha a major imp on the ab bility of PhD graduates to
find em On s
mployment. O average, PhD graduates had fewer in n d
nterviews than last year, 4 versus 6, and the average nnumber of
m y
offers declined from 3 to 2. Only 70% had acc by n
cepted a job b graduation which was a dramatic dec crease from 888% in 2008.
The ef Average startin salaries for PhD’s enter
ffect on salaries was no less dramatic. A ng ring a Post-Dooctoral position were down n
21% fr rom the previ g
ious year to $52,737; for PhD’s entering academia, salaries were d down 19% to $82,422; and for PhD’s
d
ng
enterin industry, sa d
alaries were down 12% to $93,595.
g a
While overall hiring was down, academia regained the pos hiring industry sector for Ph after a sh
sition of top h y hDs harp drop in
2008. Beyond acad demia, more than a quarter of PhDs took positions in management consulting a scientific services [see
r k n t and
ctors dominate hiring of Ph
figure 8]. These sec e hDs. When coombined, they hired 66% o all graduati PhD’s. Th top
y of ing he
employ included MIT, Stanfo Harvard, McKinsey & Co., Cornell, and MGH.
yers d ord,
ue P
More PhD’s Pursu Post-Doc Positions
While 47% of PhD graduates int sue n
tended to purs a career in academia, o only 10% plan ation.
nned to do so upon gradua
Alternately, 49% of PhD’s plann to pursue a Post-Docto position a their first jo This repre
f ned oral as ob. %
esented a 24% increase oveer
2008 [see figure 9]. This considerable rise wa another ref
as flection of the problematic job market f PhDs. Mor PhDs saw a
e c for re
Post-D as an inter
Doc rmediate posi
ition until the job market im
e e job
mproves. The shortage of j opportunities also affe ected how
eir
PhD’s perceived the career cho id
oices. 71% sai they expec to take a job directly rela to their graduate traini
ct b ated he
ing. During th
prior th years for PhD’s who had accepted an offer, this was much hi
hree r h s n in
igher, 93% in 2006, 90% i 2007, and 889% in 2008.
king ahead, na
In look ational data in
ndicates that h
hiring will co
ontinue to slid with 39.7% of employe indicating that they
de, % ers
t their college hiring in 2010 However, the national d does prov some bri
expect to decrease t h 0. data vide ight spots for MIT with
nd
deman for enginee ering and infoormation scien ng or
nces/systems majors toppin the lists fo all degree levels. Additi ionally, the
l nd
Global Education an Career De evelopment Center (GECD has seen a increase in on-campus r
DC) an n er
recruiting ove last year,
with 6.5% more inte erviews cond all us ed
ducted over Fa 2008. Finally, numerou employers have indicate that they h have continuedd
w op t
to view MIT as a to recruiting target even as they’ve pare down the n
s ed hich
number of the schools at wh they recr ruit.
ear, s hD
This ye questions regarding Ph post-gradu uation employment and sa alary were inc
corporated int the Doctora Student Ex
to al xit
y can .mit.edu/ir/su
Survey and results c be found at http://web. tml.
urveys/grad.ht
Sincerely,
ctor
Melanie Parker, Executive Direc
2
ome 009 rvey Report.
Welco to the 20 Annual Graduating Student Sur
e ment n t and a and
Please take a mom to learn more about the survey a the data we collect a present.
PURP POSE:
The pu e g
urpose of the Graduating Student Su ate nding of the i
urvey (GSS) is to promote an accura understan immediate
graduation pl
post-g uating MIT s
lans of gradu students and to provide d for rela career is
d data ated for
ssues. Data f our PhD
ates nted
gradua is presen in a sep at ew
parate forma due to a ne survey in nstrument.
METH HOD:
GSS
The G is a com untary web-b
mpletely volu y. mes
based survey The survey was emailed as a link multiple tim througho out
te d much of the g
the lat spring and summer in an effort to capture as m student popu
graduating s ssible.
ulation as pos
Altoge Undergraduat (69%) an 558 Maste (59%) Ju 2009 gra
ether, 608 U tes nd ers une T
aduating MIT students pa n
articipated in
009
the 20 Survey.
RESU ULTS:
ata
All da are self re p
eported and presented an nonymously in aggregate form. Due to the varie and vario levels of
e e ety ous f
MIT ddegrees gran ority of stati
nted, the majo istics present are relate to specifi subsets of the populati (e.g.,
ted ed ic f ion
underg r, are
graduate, Masters, major etc.) and a labeled a accordingly. This is done to provide more meaniingful and
ate ny
accura data. An data not la ld ed ent e
abeled shoul be assume to represe the entire sample.
majority of re
The m esented in ta format f ease of re
esults are pre able for s
eading and comparison. Many tables contain
y easons; first, not all majo offer all types of deg
empty cells. This is for two re , ors econd, fewer than two
grees, and se r
nts t d to y
studen from that major and degree level responded t the survey question.
emainder of this report presents the d that we collect and analyze. We highly reco
The re p data at
ommend tha you start
he ly
with th Frequentl Asked Qu ich t
uestions, whi highlight our most common requ ormation.
uests for info
The G a e,
GECDC Data Committee
Debor Liverman
rah n
sa n
Meliss Ackerman
e
Janine Kohen
3
OST ADUATION STA
2009 MIT PO GRA ATISTICS*
4.1%) response to the June 2
*Based upon 1266 (64 es ng vey
2009 Graduatin Student Surv
UENTLY ASKED Q
FREQU ONS
QUESTIO
TAGE OF U
WHAT PERCENT UNDERGRA RS NTS N
ADUATE & MASTER STUDEN GO ON TO
UATE/PRO
GRADU AL OL,
OFESSIONA SCHOO WORK OR OTHER?*
Degree
D G
Graduate/Pr
rofessional S
School W
Work Other onse Rate
Respo
SB 47% 37% %
16% 69%
6
Masters
M 13% 72% %
15% 59%
5
nd
uing my studies (2 bachelors degree), inter
*Other includes continu s s time off, travel
rnship, taking t between fields,
ling, deciding b
ervice, still look
public se king for a job, undecided & oother
ICH EMPLO
WHI ED OST RADUATES?
OYERS HIRE THE MO MIT GR
mployer
Em # of Hires
cKinsey & Co
Mc o 27
Microsoft 16
in
Bai & Co. 13
mazon
Am 9
el
Inte 9
Apple 8
Booz & Co. 8
acle
Ora 8
xon
Exx Mobil 7
nited States Na
Un avy 7
sco
Cis System 6
utsche Bank
Deu 6
S.
U.S Air Force 6
Boeing 5
ing
Boston Consulti Group 5
delity
Fid 5
Google 5
erck
Me 5
ytheon
Ray 5
4
HOW MANY EMPLOYERS RECRUITED THROUGH THE MIT
CAREER DEVELOPMENT OFFICE IN 2008-2009? 346
WHAT WAS THE AVERAGE SALARY/BONUS (for those receiving bonuses)
OF WORKING MIT GRADUATES?
SB: $67, 270/ $11,717
MEng: $81,667/ $11,850
SM: $72,645/ $15,455
MBA: $110, 985/ $32,268
HOW DID GRADUATES FIND THEIR JOBS?
(Students could check all that applied)
Undergrad Masters
On-campus recruiting 42.1% 38.5%
Networking 22.6% 24.7%
Internship led to job offer 28.4% 18.2%
Career fair 26.8% 9.5%
Professional Conference 0.5% 0.3%
Contacts acquired through MIT Careers Office 1.6% 1.4%
Through Department (faculty, academic administrator) 5.3% 4.1%
Directly applied to employer 15.3% 12.2%
Advertised job listing (on-line, print) 5.3% 1.4%
Other 11.6% 20.3%
WHEN DID WORKING GRADUATES BEGIN THEIR JOB SEARCH
AND RECEIVE THE JOB OFFER THEY ACCEPTED?
Undergrad Masters
Month Begin Search Received Offer Begin Search Received Offer
Prior to September 2008 36.3% 17.9% 36.5% 29.1%
September 2008 36.8% 6.8% 32.8% 7.1%
October 2008 7.9% 11.6% 10.5% 6.1%
November 2008 4.7% 16.8% 3.4% 13.9%
December 2008 2.6% 10.5% 2.4% 11.1%
January 2009 3.2% 4.2% 2.0% 3.7%
February 2009 1.1% 5.8% 2.0% 4.7%
March 2009 2.1% 7.9% 1.7% 7.8%
April 2009 0.5% 10.0% 1.7% 6.8%
May 2009 0.5% 6.8% 0.0% 6.4%
June 2009 0.5% 0.5% 0.0% 1.4%
July 2009 0.0% 0.0% 0.0% 0.0%
August 2009 0.0% 0.0% 0.0% 0.0%
5
AT A FOR JOB AP
WHA IS THE AVERAGE F ONS/INTERV
PPLICATIO VIEWS/JOB OFFERS?
vel
Degree Lev ob
Jo Applicatio
ons b
Job Interviews Job Offers
b
ate
Undergradua 11.5 6.4 1.8
Masters 13.1 6.2 1.7
WHAT PER
W RCENTAGE OF WORKI
ING GRADU
UATES NEG
GOTIATED T LARY AND B
THEIR SAL BONUS?
evel
Degree Le ted
Negotiat Salary N Bonus
Negotiated B
duate
Undergrad .9%
8. 7.5%
s
Masters 22% 19%
HAT WAS T
WH AGE NEGOT
THE AVERA CREASE IN
TIATED INC
ND ING GRADU
SALARY AN BONUS OF WORKI UATES?
evel
Degree Le e
Increase in Salary I Bonus
Increase in B
duate
Undergrad 2,143
$2 $2,318
s
Masters $3,885 $6,882
6
WHAT WERE THE TOP US LOCATIONS FOR WORKING GRADUATES?
Massachusetts 113
California 67
New York 49
Illinois 24
Washington 22
Connecticut 18
Washington DC 17
Texas 16
Virginia 11
Pennsylvania 9
New Hampshire 6
WHAT WERE THE TOP INTERNATIONAL LOCATIONS FOR WORKING GRADUATES?
Japan 9
Brazil 5
China 5
Mexico 4
United Kingdom 4
Canada 3
Thailand 3
Germany 2
Singapore 2
Spain 2
St. Croix, U.S. Virgin
Islands 2
7
WHAT FACTORS AFFECTED YOUR DECISION TO ACCEPT A JOB OFFER?
UNDERGRADUATE WORKING GRADUATES BY PERCENT
Very Somewhat
Factors Essential Important Important Not Important
Job Content 64.4 28.9 5 1.7
Creative & challenging work 50.8 41.3 6.1 1.7
One of my top choices 45.3 26.8 15.1 12.8
Opportunity to make an impact 43 31.3 19 6.7
Opportunity for career advancement 42.5 36.3 15.1 6.1
Fit with culture/environment 39.4 38.3 18.9 3.3
Reputation of Employer 35.8 36.3 21.8 6.1
Fit with my experience & skills 30.9 47.8 16.3 5.1
Training/educational opportunities 27.8 31.7 32.2 8.3
Location 24.4 35.6 30 10
Best opportunity I could find at this time 23.7 20.3 21.5 34.5
Salary 21.1 31.7 35 12.2
Job flexibility & work life balance 19.6 39.7 27.9 12.8
Supervision & colleagues 18 41.6 30.3 10.1
Job Security 14.5 39.7 35.8 10.1
Benefits 13.3 33.3 40 13.3
First job offered 7.9 15.7 24.2 52.2
Ability to meet my expected student loan/education debt
payments 6.2 9.6 15.3 68.9
Employer was willing to sponsor non-US citizen 4.5 0.6 2.2 92.7
Didn't get into graduate/professional school 2.3 2.8 2.8 92
8
Factors Affecting Undergraduate
Job Offer Acceptance 2009
Job Content
Creative & challenging work
Opportunity for career advancement
Fit with my experience & skills
Fit with culture/environment
Opportunity to make an impact
One of my top choices
Reputation of Employer
Location
Supervision & colleagues
Essential
Training/educational opportunities
Job flexibility & work life balance Very Important
Job Security
Salary
Benefits
Best opportunity I could find at this time
First job offered
Ability to meet my expected student …
Didn't get into graduate/professional school
Employer was willing to sponsor non‐US citizen
0 10 20 30 40 50 60 70 80 90 100
9
WHAT FACTORS AFFECTED YOUR DECISION TO ACCEPT A JOB OFFER?
MASTERS (NON-MBA) WORKING GRADUATES BY PERCENT
Very Somewhat
Factors Essential Important Important Not Important
Job Content 51.4 40.2 7.5 0.9
Creative & challenging work 47.7 39.3 12.1 0.9
Opportunity to make an impact 44.9 33.6 15.9 5.6
Location 31.8 30.8 29.9 7.5
Fit with culture/environment 28.3 45.3 23.6 2.8
Opportunity for career advancement 27.8 48.1 18.5 5.6
Fit with my experience & skills 27.4 46.2 20.8 5.7
One of my top choices 26.9 37.5 22.1 13.5
Reputation of Employer 20.4 44.4 27.8 7.4
Job flexibility & work life balance 17.8 47.7 28 6.5
Best opportunity I could find at this time 17.1 16.2 25.7 41
Training/educational opportunities 16.7 29.6 42.6 11.1
Salary 16.7 39.8 38 5.6
Supervision & colleagues 14.4 37.5 38.5 9.6
Job Security 14 34.6 39.3 12.1
Benefits 13.2 37.7 43.4 5.7
Employer was willing to sponsor non-US citizen 11.4 2.9 1.9 83.8
Ability to meet my expected student loan/education debt
payments 6.7 5.8 17.3 70.2
First job offered 4.8 5.7 22.9 66.7
Didn't get into graduate/professional school 0 1 2 97.1
10
Factors Affecting Job Offer Acceptance for Masters
(Non‐MBA) Candidates 2009
Job Content
Creative & challenging work
Opportunity to make an impact
Opportunity for career advancement
Fit with my experience & skills
Fit with culture/environment
Job flexibility & work life balance
Reputation of Employer
One of my top choices
Location
Essential
Salary
Very Important
Supervision & colleagues
Benefits
Job Security
Training/educational opportunities
Best opportunity I could find at this time
Employer was willing to sponsor non‐…
Ability to meet my expected student …
First job offered
Didn't get into graduate/professional …
0 20 40 60 80 100
11
WHAT FACTORS AFFECTED YOUR DECISION TO ACCEPT A JOB OFFER?
MBA WORKING GRADUATES BY PERCENT
Somewhat
Factors Essential Very Important Important Not Important
Job Content 67.3 28.4 3.7 0.6
Opportunity for career advancement 60.5 26.5 11.1 1.9
Creative & challenging work 49.7 38.5 10.6 1.2
Opportunity to make an impact 45.1 38.9 14.8 1.2
Fit with culture/environment 43.8 42.0 13.0 1.2
One of my top choices 41.3 35.0 15.0 8.8
Location 37.7 34.6 18.5 9.3
Reputation of Employer 37.0 38.3 17.9 6.8
Training/educational opportunities 23.5 35.8 30.9 9.9
Fit with my experience & skills 21.7 47.2 28.0 3.1
Best opportunity I could find at this time 19.8 19.8 17.9 42.6
Salary 17.3 49.4 26.5 6.8
Employer was willing to sponsor non-US citizen 14.9 5.0 3.1 77.0
Job flexibility & work life balance 14.8 37.0 37.0 11.1
Supervision & colleagues 13.7 35.4 40.4 10.6
Ability to meet my expected student loan/education debt
payments 10.5 22.2 19.8 47.5
Benefits 9.9 38.3 42.6 9.3
Job Security 5.6 30.9 46.9 16.7
First job offered 3.7 6.8 12.3 77.2
Didn't get into graduate/professional school 0.0 1.9 1.2 96.9
12
Factors Affecting Job Offer Acceptance for MBA
Candidates 2009
Job Content
Creative & challenging work
Opportunity for career advancement
Fit with culture/environment
Opportunity to make an impact
One of my top choices
Reputation of Employer
Location
Fit with my experience & skills
Salary
Essential
Training/educational opportunities
Job flexibility & work life balance Very Important
Supervision & colleagues
Benefits
Best opportunity I could find at this …
Job Security
Ability to meet my expected student …
Employer was willing to sponsor non‐…
First job offered
Didn't get into graduate/professional …
0 20 40 60 80 100 120
13
WHAT PERCENTAGE OF WORKING GRADUATES FOUND JOBS RELATED TO THEIR MAJORS?
Degree Level YES NO DON’T KNOW
Undergraduate 73.2% 16.8% 5.3%
Masters 82.8% 8.1% 2.7%
WHAT PERCENTAGE OF WORKING GRADUATES TOOK JOBS IN FINANCE AND CONSULTING?
Degree Level Finance Consulting Finance &
Consulting
Undergraduate 15.6.% 13.3% 28.9%
Masters 8.3% 7.5% 15.8%
MBA 18.3% 24.3% 42.6%
WHAT WAS THE AVERAGE FOR GRADUATE/PROFESSIONAL SCHOOL APPLICATIONS/ACCEPTANCES?
Degree Level Application Acceptances
Undergraduate 6.0 3.0
Masters 3.3 2.1
WHAT TYPE OF DEGREE WERE GRADUATES PURSUING?
MENG MS MA MBA PHD JD MD Other
Undergraduate 25.6% 23.5% 1.0% 0.7% 41.9% 0.7% 16.3% 6.6%
Masters 0% 5.4% 0% 6.8% 79.7% 0% 1.4% 4.1%
WHAT WERE THE TOP GRADUATE/PROFESSIONAL SCHOOL DESTINATIONS FOR GRADUATES?
School # of Students
MIT 157
Stanford University 20
Harvard University 16
UC Berkeley 11
California Institute of Technology 9
UC San Diego 7
Columbia University 5
Northwestern University 5
University of Pennsylvania 5
Washington University in St. Louis 5
WHAT PERCENTAGE OF UNDERGRADUATE & MASTERS STUDENTS COMPLETED
AN INTERNSHIP WHILE IN THEIR CURRENT PROGRAM?
Undergraduate 77.8%
Masters 63.2%
14
WHAT TYPE OF INTERNSHIPS DID GRADUATING STUDENTS COMPLETE
WHILE IN THEIR CURRENT PROGRAM?
Type of Internship Number of Students
UPOP 168
Through My Department 150
On My Own/Other 151
Externship 132
MISTI 85
F/ASIP 42
WHAT WAS THE PERCENTAGE OF GRADUATES WITH INTERNATIONAL EDUCATIONAL EXPERIENCE?
YES NO DON’T KNOW
Undergraduate 29.7% 63.3% 7.1%
Masters 35.5% 50.3% 14.5%
WHAT WAS THE PERCENTAGE OF GRADUATES WITH LEADERSHIP EXPERIENCE?
YES NO DON’T KNOW
Undergraduate 66.3% 19.7% 7.2%
Masters 48.0% 31.3% 6.7%
WHAT WAS THE PERCENTAGE OF GRADUATES WITH SERVICE EXPERIENCE?
YES NO DON’T KNOW
Undergraduate 53.9% 33.2% 6.7%
Masters 27.3% 49.5% 8.7%
15
16
17
18
2009 Undergraduate Employers by Department
* Results are based on student report and not representative of all employers who hire MIT students by department.
Course (Course Number) Employers
Civil & Environmental Engineering (1) Chester Engineers, Chevron, ICF International, Matrix Service Company,
McKinsey & Company, MIT Edgerton Center, Schlumberger, Westinghouse
Electric Company
Mechanical Engineering (2) Accenture, Apple, Inc., Beckman-Coulter, Booz Allen Hamilton
Brayton Energy, Digilab Genomic Solutions, Energy Resource Solutions, Exxon
Mobil, GE Healthcare, Global Cycle Solutions, Jacob's Vehicle Systems, Kiva
Systems, Microsoft, Nucleus Scientific, Raytheon Company, Stroud Consulting,
UBS Investment Bank, Westinghouse Electric Company
Materials Science and Engineering (3) Accenture, Exxon Mobile, Intel Corporation, McKinsey & Company, Morgan
Stanley, United States Navy
Architecture (4)
Chemistry (5) MIT
EECS (6) Amazon, Beckman Coulter, Booz Allen Hamilton, Capital IQ, Consolidated
Trading, Deutsche Bank, Discovery Engine, GETCO, Intel, ITA Software, Johns
Hopkins University Applied Physics Lab, Ksplice, Lincoln Laboratory
ManTech SMA, Microsoft Corporation, Next Jump, Oracle, Square Enix, Vecna,
Visible Measures Corp.
Biology (7) Broad Institute, McKinsey and Company, Science and Technology Policy Institute,
Whitehead Institute for Biomedical Research
Physics (8) DRW Holdings LLC, MIT Laboratory for Nuclear Science, Teach For America,
Navigant Consulting, Beth Israel Deaconess Medical Center, Boston Consulting
Group
Brain and Cognitive Sciences (9) Boston Biomedical Research Institute, Harvard Medical School, Johns Hopkins
University School of Medicine, Mass General Institute for Neurodegenerative
Diseases, MGH, MIT, NYU Medical School, The Colorado Health Foundation,
UCSF
Chemical Engineering (10) Capital IQ, ExxonMobil, Genentech, Hovensa, L.L.C., Intel Corporation,
McKinsey & Company, Merck, Monitor Group, Morgan Stanley, Navigant
Consultants, Science Buddies, U.S. Air Force, United States Marine Corps
Urban Studies and Planning (11) MIT
EAPS (12) Phillips Exeter Academy
Economics (14) Allston, Booz & Co., DRW Trading Group, GETCO, U.S. Federal Government
Management (15) Aardvark Trading, Allston Trading, Altman Vilandrie, Ballentine Capital
Management, Inc., Citadel Investment Group, Citigroup, Cornerstone Research,
Estrada Hinojosa and Company, Global Electronic Trading Company, Hess
Corporation, ICF international, McKinsey and Company
Morgan Stanley, Oracle Corporation, Procter & Gamble, The Blackstone Group,
Volpe Center, Weiss Asset Management
Aeronautics and Astronautics (16) Accenture, ARES Corporation, Boeing Commercial Airplanes, Boston Consulting
Group, Gotham Consulting Partners, Karem Aircraft, MIT Lincoln Laboratory,
Raytheon, US Navy, Volpe Center (U.S. Dept. of Transportation)
Urban Studies and Planning (11) MIT
Economics (14) Allston, Booz & Co., DRW Trading Group, GETCO, U.S. Federal Government
19
Course (Course Number) Employers
Management (15) Aardvark Trading, Allston Trading, Altman Vilandrie, Ballentine Capital
Management, Inc., Citadel Investment Group, Citigroup, Cornerstone Research,
Estrada Hinojosa and Company, Global Electronic Trading Company, Hess
Corporation, ICF international, McKinsey and Company
Morgan Stanley, Oracle Corporation, Procter & Gamble, The Blackstone Group,
Volpe Center, Weiss Asset Management
Aeronautics and Astronautics (16) Accenture, ARES Corporation, Boeing Commercial Airplanes, Boston Consulting
Group, Gotham Consulting Partners, Karem Aircraft, MIT Lincoln Laboratory,
Raytheon, US Navy, Volpe Center (U.S. Dept. of Transportation)
Political Science (17)
Mathematics (18) Accenture, Allston Trading, Analytics Operations Engineering, Booz Allen
Hamilton, Coatue, D. E. Shaw Research, Decision Resources, Getco, Goldman
Sachs, Jane Street Capital, Jump Trading, LLC, McKinsey & Co., Microsoft,
Oracle, Raytheon, Referentia Systems Incorporated, Stroud Consulting,
Susquehanna International Group
Biological Engineering (20) DRW Trading, Joule Biotechnologies, The Zeta Transcriptase Corporation, UBS,
US Navy
Humanities (21) MIT Lincoln Laboratory, Pipeworks Software
Nuclear Engineering (22) D.E. Shaw, Deutsche Bank
2009 Masters Employers by Department
Course (Course Number) Employers
Civil & Environmental Engineering (1) Boeing, Buro Happold, Mars and Compan, Nicolet Chartrand Knoll ltée, Parsons
Brinckerhoff, PE Americas, Stevensons & Associates, Symmes, Maini and McKee
Associates, Weidlinger Associates
Mechanical Engineering (2) Apple, Applied Materials, Civil Aviation Authority of Singapore, Joby Energy,
Owens Corning, Proctor and Gamble Gillette, United States Navy, US Coast
Guard, US Navy
Materials Science and Engineering (3)
Architecture (4)
Chemistry (5)
EECS(6) Analog Devices, Apple, Inc., Aurora Flight Sciences, Bridgewater Associates,
Cisco Systems, Clipper Windpower, DRW Trading, Facebook, Google, Hudson
River Trading, Jump Trading, LEK Consulting, Lockheed Martin, Microsoft
Corporation, Morningstar, NerdKits, L.L.C., Next Jump, Oracle, Pixar Animation
Studios, Texas Instruments, TripAdvisor, US Navy, Wireless Generation
Biology (7)
Physics (8)
Brain and Cognitive Sciences (9)
Chemical Engineering (10) McKinsey & Co.
Urban Studies and Planning (11) Cambridge Finance Partners, Jacobs, MIT, National Grid, Smart Growth Alliance,
U. S, EPA, US Department of Housing and Urban Development
Volpe
EAPS (12)
20
Management (15) 3Play Media, A.T.Kearney, Adobe, Aetna, Amazon.com, American Airlines,
American Express, Amgen, Analysis Group, Apple Inc., Associated Physicians of
Harvard Medical Faculty Physicians, athenaHealth, Bain & Company, Bangkok
Bank Plc., Bank of America Corp., Barclays Capital, Bechtel, BNP Paribas,
Boehringer Ingelheim Corporation, Booz Allen Hamilton, Boston Consulting
Group, Cenury Capital Management, Cisco Systems, Citigroup, Coriolis Wind,
Cornerstone Research, CSMG, D.light Design, Dell, Deloitte Consulting, Deutsche
Bank, Deutsche Securities Inc, Diamond Consultants, DINUBE, Earth Institute /
UNDP Millennium Promise, Emerson Electric, ExxonMobil, Fidelity Investments,
First Act, Gateway Gulf, Genentech, General Dynamics OTS, General Electric,
Goldman Sachs, Google Inc., Grupo SM, Hamilton Sundstrand, Hewlett Packard,
HubSpot, IBM, Infosys Consulting, Intel, J.P. Morgan, Johnson & Johnson,
Kaohsiung World Trade Center, Kasikornbank, LEK Consulting, LG Electronics,
Liberty Mutual Group, McKinsey, Microsoft, Mizuho Financial Group, Mobilink
PMCL, Monitor, Morgan Stanley, NAVAIR, NewCo, Novell, Opera Solutions
LLC, Pearle Latam, Petrocel Temex, Putnam Investments, Raytheon, Red Kite,
Sentien Biotechnologies, Spirit Aerosystems, Stop & Shop, Taiyo Pacific Partners,
Target Corporation, Techint Group, Tegu, Ternium, The Boeing Company, The
Parthenon Group, ThingMagic, TripIt, UBS Investment Bank, UC San Diego,
United Airlines, US Coast Guard, UTC Hamilton Sundstrand, Whirlpool
Corporation
Aeronautics and Astronautics (16) Active Duty U.S. Army; Assigned to the National Reconnaissance Office, Air
Force, Aurora Flight Sciences, Bombardier Aerospace, Creare Inc., MIT Lincoln
Labs, Navigant Consulting, Inc., Northrop Grumman, USAF
Applied Biological Sciences (20)
Nuclear Engineering (22) MIT Nuclear Reactor Lab
Westinghouse Electric Co.
Computational Design Optimization
(CDO)
Operations Research (OR) US Air Force
Engineering Systems Division (ESD) Amazon.com, AT Kearney, Bain and Company, Booz Allen Hamilton, Capgemini
Government Solutions, Cisco Systems, Community Water Solutions,
ConocoPhillips, Deutsche Bank, Entergem Ventures, Fraunhofer Center for
Sustainable Energy Systems, Fundación LOGyCA, General Mills, Hamilton
Sundstrand, IBM, Infosys Technologies, Intel, Lufthansa, McKinsey & Company,
Ministry of Internal Affairs and Communications, MIT Energy Initiative,
Raytheon, Sikorsky Aircraft (A United Technologies Company), SmartOps, Social
Security Administration, The Boeing Company, United States Air Force, United
Technologies
Heath Sciences and Technology (HST)
Media Arts & Sciences (MAS)
Systems Design & Management (SDM) Amazon,com, American Express, Analog Devices Inc., Ford Motor Company,
Intel, MetLife Investments, Powerhouse Dynamics, The MITRE Corporation
Technology and Policy Program (TPP)
21
2009 Employers of International Students
Employers of International Undergraduates
Allston, Booz & Co., Capital IQ, DRW Holdings LLC, Merck, Morgan Stanley, Oracle Corporation, Vecna
Employers of International Masters Students:
A.T.Kearney, Aetna, Amazon.com, Amgen, Apple, Bain & Company, Bangkok Bank Plc., Barclays, Bombardier
Aerospace, BT, Cambridge Finance Partners, Citi, Civil Aviation Authority of Singapore, Coriolis Wind, dell,
Deutsche Bank, Deutsche Bank Securities Inc, DINUBE, Earth Institute / UNDP Millennium Promise, Ford Motor
Company, Fundación LOGyCA, General Mills, Goldman Sachs, Google Inc., Grupo SM, Hudson River Trading,
Infosys Technologies, J.P. Morgan, Kasikornbank, LEK Consulting, LG Electronics, McKinsey & Company,
Microsoft, Ministry of Internal Affairs and Communications, Mizuho Financial Group, Mobilink PMCL, Monitor,
Nicolet Chartrand Knoll ltée, Parsons Brinckerhoff, Pearle Latam, Petrocel Temex, Proctor and Gamble, Red Kite,
SmartOps, Stevensons & Associates, Symmes Maini and McKee Associates, Techint Group, Ternium, The Boston
Consulting Group, ThingMagic, UC San Diego, Whirlpool Corporation
22
2009 Average Undergraduate & Masters Salary by Course (US Dollars)
(Number of respondents are in columns titled # after each salary amount. Blank represents 1 or no responses per cell.)
Course (Course Number) SB # MNG/MNLG # SM # MBA # MCP #
Civil & Environmental Engineering (1) 56, 144 9 76,395 19
Mechanical Engineering (2) 73,738 21 86,781 16
Materials Science and Engineering (3) 65,000 7
Architecture (4)
Chemistry (5)
EECS (6) 76, 713 39 83,148 24 78,333 3
Biology (7) 63,667 3
Physics (8) 56,875 8
Brain and Cognitive Sciences (9) 36,167 9
Chemical Engineering (10) 66,578 18 101,130 4
Urban Studies and Planning (11) 48,000 2 62, 332 6
EAPS (12)
Economics (14) 79,100 10
Management (15) 68,310 18 110, 713 158
Aeronautics and Astronautics (16) 63,133 12 65275 12
Political Science (17)
Mathematics (18) 78429 21
Biological Engineering (20) 51,250 4
Humanities (21)
Nuclear Engineering (22) 83,500 2 71500 3
Linguistics and Philosophy (24)
Computation for Design Optimization (CDO)
Engineering Systems Design (ESD) 101,667 9 89,562 21
Operations Research (OR)
Technology & Policy Program (TPP)
Health Sciences and Technology (HST) 120,000 2
Media Arts & Science (MAS)
Systems Design & Management (SDM) 90,576 9
23
2009 Undergraduate Industry & Employer Data
Industry # of Employers Average Salary Range
Students Salary
Aerospace & Defense 9 ARES Corporation, Boeing Commercial Airplanes, Johns Hopkins 66,400 62,500-76,000
University Applied Physics Lab, Karem Aircraft, MIT Lincoln Laboratory,
Raytheon Company
Biological Sciences & 11 Boston Biomedical Research Institute, Broad Institute, D. E. Shaw 64,611 30,000-140,000
Research Labs Research, Genentech, Johns Hopkins University School of Medicine, Joule
Biotechnologies, MassGeneral Institute for Neurodegenerative Diseases,
Merck, MIT, NYU Medical School, Whitehead Institute for Biomedical
Research
Brokers & Security 6 Allston Trading, GETCO, Global Electronic Trading Company, Goldman 86,667 60,000-120,000
Dealers Sachs, Jane Street Capital, Susquehanna International Group
Business, Professional, 4 Accenture, Analytics Operations Engineering, Decision Resources, 62,375 60,000-65,000
Scientific & Technical Navigant Consultants
Services General
Chemical & Materials 2 ExxonMobil 88,5000 87,000-90,000
Engineering or Research
Computer & Electronic 2 Apple Inc., Intel 77,000 74,000-80,000
Products
Doctors, Dentists, 2 MGH, UCSF 36,000 35,000-37,000
Surgeons, Psychologists,
and Other Heath Care
Professionals
Electronic Components & 2 Intel 66,400 65,000-67,000
Integrated Circuits
24
2009 Undergraduate Industry & Employer Data Continued
Electrical Engineering & 3 Intel, Lincoln Laboratory, Raytheon 71,400 67,000-75,000
Computer Hardware
Design or Research
Environmental Engineering, 5 Chester Engineers, Chevron, MIT Edgerton Center, MIT Lincoln Laboratory 55,000 25,000-76,000
Services, and Research
Federal Government- 3 Science and Technology Policy Institute, U.S. Federal Government 64,333 48,000-75,000
Civilian
Federal Government- 5 United States Marine Corps, US Navy, U.S. Air Force 44,000 32,000-70,000
Military
Finance & Insurance General 3 DRW Holdings LLC 54,333 48,000-60,000
Estrada Hinojosa and Company
Investment Bankers 11 Citigroup, Deutsche Bank, Morgan Stanley, The Blackstone Group, UBS 63,364 60,000-70,000
Investment Bank
Management & Economic 23 Accenture, Altman Vilandrie, Booz Allen Hamilton, Boston Consulting Group, 64,283 44,000-95,000
Consulting Cornerstone Research, Gotham Consulting Partners, ICF international, McKinsey
and Company, Monitor Group, Navigant Consulting, Stroud Consulting
Medical Instruments 4 Beckman Coulter, Digilab Genomic Solutions, GE Healthcare 61,667 60,000-65,000
Money Management, Mutual 10 Aardvark Trading, Allston Trading, Ballentine Capital Management, Inc. , Citadel 90,500 40,000-150,000
Funds, & Investment Investment Group, Consolidated Trading, D.E. Shaw, Weiss Asset Management,
Advisors GETCO, Jump Trading
Oil, Natural Gas 5 ExxonMobil Research and Engineering, Hess Corporation, Schlumberger 81,750 65,000-87,000
Other 8 Global Cycle Solutions, ICF International, ManTech SMA, Pipeworks Software, 57,452 45,000-93,000
Procter & Gamble, The Colorado Health Foundation, Westinghouse Electric
Company
Pharmaceuticals & 4 Merck & Co., Inc. 63,400 55,000-66,000
Biotechnology
25
2009 Undergraduate Industry & Employer Data Continued
Primary & Secondary 2 Phillips Exeter Academy, Teach For America 35,500 26,000-45,000
Schools
Scientific & Engineering 4 Brayton Energy, Energy Resource Solutions, Kiva Systems, Nucleus Scientific 64,625 54,000-70,000
Services
Software Developing & 20 Amazon.com, Capital IQ, Discovery Engine, ITA Software, Ksplice, Microsoft 76,974 20,000-120,000
Publishing Corporation, Next Jump, Oracle, Science Buddies, Square EnixVecna, Vecna
Software & Data Services 7 Microsoft, Next Jump, Oracle Corporation, Referentia Systems Incorporated, 78,167 55,000-90,000
Visible Measures Corp.
Universities & Colleges 5 MIT, Harvard Medical School 39,200 23,000-65,000
Utilities – Oil & Gas 2 ExxonMobil, Hovensa, L.L.C. 84,000 78,000-90,000
2009 Masters Industry & Employer Data
Industry # of Employers Average Salary Range
Students Salary
Aerospace & Defense 20 Aurora Flight Sciences, Boeing, Bombardier Aerospace, General Dynamics 95,500 30,000-175,000
OTS, Hamilton Sundstrand, Lockheed Martin, MIT Lincoln Labs, Northrop
Grumman, Raytheon, Sikorsky Aircraft (A United Technologies Company),
Spirit Aerosystems, United Technologies, US Air Force, UTC Hamilton
Sundstrand
Autos, Trucks & Other 2 Applied Materials, Entergem Ventures 82,500 80,000-85,000
Machinery
Business, Professional, 4 A.T.Kearney, Mars and Company, Navigant Consulting, Inc. 94,250 62, 000-125,000
& Scientific Technical
Services
26
Computer & Electronic 13 Apple Inc., Cisco Systems, Intel Corporation, LG Electronics, Powerhouse 113,315 60,000-145,000
Products Dynamics, ThingMagic
Computer Hardware or 2 Apple, Cisco Systems 124,100 118,000-
Components 130,000
Construction, Design, 6 Buro Happold, Nicolet Chartrand Knoll ltée, Parsons Brinckerhoff, Stevensons 54,833 40,000-61,000
& Civil & Associates, Weidlinger Associates
Engineering
Electrical Engineering 5 Analog Devices Inc., Clipper Windpower, Google, Inc., Microsoft, NerdKits, 75,000 12,000-110,000
or Computer Hardware L.L.C.
Design
Environmental 2 Fraunhofer Center for Sustainable Energy Systems, Joby Energy 65,000 60,000-70,000
Engineering
Fed Govt-Civilian 6 Ministry of Internal Affairs and Communications, NAVAIR, Social Security 72,732 50,000-126,000
Administration, U. S, EPA, US Department of Housing and Urban
Development, Volpe
Fed Govt- Military 12 Active Duty U.S. Army; Assigned to the National, Reconnaissance Office, US 77,730 50,000-100,000
Air Force, US Coast Guard, US Navy
Finance & Insurance 8 Aetna, Cambridge Finance Partners, DRW Trading, General Electric, Hudson 96,500 60,000-120,000
River Trading, Jump Trading, MetLife Investments, Morningstar
Information Services & 2 Gateway Gulf, TripAdvisor 104,000 88,000-120,000
Data Processing
Investment Bankers 10 Barclays Capital, BNP Paribas, Deutsche Bank, Deutsche Bank Securities Inc, 95,750 92,000-100,000
Goldman Sachs, J.P. Morgan, Morgan Stanley, UBS Investment Bank
Management & 54 Analysis Group, AT Kearney, Bain and Company, Booz & Company, Boston 121,700 58,000-185,000
Economic Consulting Consulting Group, Capgemini Government Solutions, Cornerstone Research,
CSMG, Deloitte Consulting, IBM, Infosys Consulting, LEK Consulting,
McKinsey and Company, Opera Solutions LLC, SmartOps, The Parthenon
Group, Diamond Consultants
27
Money Management, 11 Bain Capital, Bridgewater Associates, Fidelity Investments, Goldman Sachs, 103,636 85,000-160,000
Mutual Funds, & Putnam Investments, Red Kite, Taiyo Pacific Partners
Investment Advisors
Other 13 Brookings Institution, Community Water Solutions, Coriolis Wind, D.light 64,930 12,000-100,000
Design, , First Act, Fundación LOGyCA, , PE Americas, Pearle Latam, Pixar
Animation Studios, Stop & Shop, Symmes Maini and McKee Associates,
Target Corporation, ,Westinghouse ElectricCo.
Scientific & 5 Creare Inc., Ford Motor Company, Google Inc., The MITRE Corporation 80,546 35,000-120,000
Engineering Services
Software & Data 11 Adobe, Amazon.com, athenaHealth, Cisco Systems, DINUBE, Google, IBM, 110,740 71,000-150,000
Services Microsoft
Software Developing & 19 Amazon, Apple, Inc., Avidyne Corporation, Facebook, Google, HubSpot, 96,000 75,000-110,000
Publishing Microsoft, Next Jump, Novell, Oracle, TripIt, Wireless Generation
Transportation 6 American Airlines, Jacobs, Lufthansa, The Boeing Company, United Airlines 82,500 54,000-108,000
28
