2018 MIT Employer Symposium: Employment Data Deborah Liverman, Ph.D. Sue Acton, Ph.D.
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2018 MIT Employer
Symposium:Employment
DataDeborah Liverman, Ph.D.
Sue Acton, Ph.D.
2
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
Overview of Graduating Student Survey andEarned Doctorate Survey
3
Data Sources
Data• MIT Graduating Student Survey
• 2010 – 2017 Reports • Raw Data 2017
• MIT Earned Doctorate Survey• 2013 – 2017 Reports• Raw Data 2017
• 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
Points to Keep in Mind Regarding the Data
The Employment Cycle
Timing of the Initiation of the Job Search for MIT Bachelors Graduates In 2017
% of GraduatingBachelor’s Students
Starting Their Job Search
2017 Grads starting search
0%
5%
10%
15%
20%
25%
30%
35%
40%
BeforeSept
Sept Oct Nov Dec Jan Feb Mar Apr May June July Aug
Month when student began their search
Fall Job Fair
Timing of the Initiation of the Job Search for MIT Bachelors Graduates
% of GraduatingBachelor’s Students
Starting Their Job Search
2013 Grads starting search
2017 Grads starting search
0%
5%
10%
15%
20%
25%
30%
35%
40%
BeforeSept
Sept Oct Nov Dec Jan Feb Mar Apr May June July Aug
Month when student began their search
The Yearly Percentage of Bachelors Students Who Started Their Search Before September
0%
5%
10%
15%
20%
25%
30%
35%
40%
2010 2011 2012 2013 2014 2015 2016 2017
% of students
who started
their search before Sept
The Yearly Percentage of Bachelors Students Who Received an Offer From Their Internship
% received offer from internship
% starting their search before Sept
0%
5%
10%
15%
20%
25%
30%
35%
40%
2010 2011 2012 2013 2014 2015 2016 2017
% of students
The Yearly Percentage of Graduating MIT Bachelors Students Who Received an Offer by November
% of Graduating Bachelors
Students Who Had Received
an Offer by November
0%
10%
20%
30%
40%
50%
60%
70%
2010 2011 2012 2013 2014 2015 2016 2017
61%
Employment Locations
The States Where MIT Bachelors and Masters Graduates Found Employment
Only students who indicated a job location are included
DistinctcountofStudent#
1
20
40
60
≥80
The Areas Where Bachelors and Masters MIT Graduates Found Positions in 2017
Seattle
SF
Boston
NYC
Areas in which MIT PhD Graduates Found Employment in 2017
NumberofRecords
1
5
10
15
21
The Industries
The Top Industries Hiring MIT Bachelors Graduates in 2017
% of Graduating Bachelors
2%
2%
3%
4%
4%
4%
7%
8%
9%
9%
14%
22%
0% 5% 10% 15% 20% 25% 30%
Energy & Utilities
Military
Health/Medicine
Pharmaceuticals
Investment Banking
Automotive & Transportation
Industrial/Consumer Manufacturing
Engineering
Financial Services
Aerospace
Consulting
Computer Software
20172016201520142013
MIT 2017 Bachelors: Industries vs Departments
DepartmentName
Industry1
IndustrialandConsumerManufactu..
FinancialServices
AerospaceandDefense
Military
Academia(HigherEd)
AppliedResearch
AutomotiveandTransportation
BasicResearch
BusinessServices
ChemicalsandMaterials
Communications,Arts,Entertainme..
ComputerHardware/ElectricalEngi..
ComputerSoftware
Consulting
Education(K-12)
EnergyandUtilities
Engineering
Government
Health/M
edicine
Investm
entBanking
Law
Non-ProfitorNGO
Other
Pharm
aceutics
AeronauticsandAstronautics
Anthropology
BiologicalEngineering
Biology
BrainandCognitiveSciences
ChemicalEngineering
Chemistry
CivilandEnvironmentalEng
Earth,Atmos&PlanetarySci
Economics
ElectricalEng&ComputerSci
HumanitiesandEngineering
LinguisticsandPhilosophy
Management
MaterialsScienceandEng
Mathematics
MechanicalEngineering
NuclearEngineering
Physics
PoliticalScience
UrbanStudiesandPlanning
DistinctcountofSalary
1
5
10
15
21
• EECS majors were hired in almost all industries
• The consulting industry hired most majors
% of Graduating Masters
The Top Industries Hiring MIT Masters Graduates (SM/MEng/MBA) in 2017
3%
3%
3%
3%
4%
5%
6%
6%
6%
6%
12%
25%
0% 5% 10% 15% 20% 25%
Academia (Higher Education)Automotive & Transportation
Computer Hardware/EEInvestment Banking
Business ServicesAerospace
EngineeringIndustrial/Consumer Manufacturing
MilitaryFinancial Services
Computer SoftwareConsulting
20172016201520142013
MIT 2017 Masters: Industries vs Departments
Includes MBA, SM, MEng graduates
DepartmentName
Industry1
Consultin
g
Aero
spacea
ndD
efe
nse
Govern
ment
Military
Academ
ia(Hig
herEd)
AppliedR
esearc
h
Arc
hitectu
rea
ndU
rbanP
lannin
g
Auto
motivea
ndT
ransport
ation
Basic
Researc
h
Busin
essS
erv
ices
Chem
icals
andM
ate
rials
Com
munic
ations,Art
s,Ente
rtain
me..
Com
pute
rHard
ware
/Ele
ctr
icalEngi..
Com
pute
rSoft
ware
Energ
ya
ndU
tilities
Engin
eering
Fin
ancia
lServ
ices
Health/M
edic
ine
Industr
ialandC
onsum
erM
anufa
ctu
..
Investm
entBankin
g
Law
Non-P
rofitorNGO
Oth
er
Pharm
aceutics
AeronauticsandAstronautics
Architecture
BiologicalEngineering
ChemicalEngineering
CivilandEnvironmentalEng
ComputationforDes&Optmiz
ElectricalEng&ComputerSci
EngineeringManagement
EngineeringSystemsDivision
HealthSciences&Technology
Humanities
InstforData,Syst,&Soc
Management
MechanicalEngineering
NuclearEngineering
OperationsResearch
ProginMediaArtsSciences
SupplyChainManagementPro..
UrbanStudiesandPlanning
NumberofRecords
1
10
20
30
40
≥50
Employment Opportunities for PhD Graduates
PhD Graduates
IndustryPost-doctoral
positions (Academic &
Industry)
Other
The Percentage of PhD Graduates Seeking Full-time Employment in Industry
0%
10%
20%
30%
40%
50%
60%
70%
80%
90%
100%
2013 2014 2015 2016 2017*
% PhD Students
Seeking Full-time
Employment over Further
Training
*may be slightly higher than past years since no ‘other’ category available for selection
The Top Industries Hiring MIT PhD Graduates in 2017
% of Graduating PhD Students *Does not include academia; does include post-docs in industry
1.5%
2.1%
2.4%
2.7%
3.8%
4.1%
4.4%
5.0%
5.6%
8.9%
10.7%
15.7%
0% 5% 10% 15% 20%
Automotive & Transportation
Energy & Utilities
Financial Services/Investment Banking
Computer Hardware/EE
Government
Aerospace
Chemicals & Materials
Consulting
Pharmaceuticals
Health/Medicine
Computer Software
Engineering
20172016201520142013
MIT 2017 PhDs: Industries vs Department
PhD students are hired in many different
industries
NumberofRecords
1
5
10
15
17
DeptName
IndustryName
AerospaceandDefense
ArchitectureandUrbanPl..
AutomotiveandTranspor..
BusinessServices
ChemicalsandMaterials
Communications,Arts,En..
ComputerHardware/EE
ComputerSoftware
Consulting
Education
EnergyandUtilities
Engineering
FinancialServices
Government
Health/Medicine
IndustrialandConsumer..
InvestmentBanking
Law
Military
Non-profitAgencyorNGO
Other
Pharmaceuticals
AeronauticsandAstronau..
Architecture
BiologicalEngineering
Biology
BrainandCognitiveScien..
ChemicalEngineering
Chemistry
CivilandEnvironmentalE..
Earth,Atmospheric,andP..
Economics
EECS
HealthSciencesandTech..
InstituteforData,Syste..
LinguisticsandPhilosphy
MaterialsScienceandEng..
Mathematics
MechanicalEngineering
MediaArtsandSciences
NuclearScienceandEngin..
OperationsResearch
Physics
PoliticalScience
ScienceTechnologyandS..
SloanSchoolofManagem..
UrbanStudiesandPlanni..Non-postdocs only included
The Salaries
Median Salaries of MIT Graduates by Year
$40,000
$50,000
$60,000
$70,000
$80,000
$90,000
$100,000
$110,000
$120,000
$130,000
$140,000
2014 2015 2016 2017
MBA
PhD - Industry
MEng
SMSB
PhD – Postdoc
Degree
2017 Median salary
Increase from 2014
to 2017
% increase
in median salary
MBA $130,000 $5,000 4%PhD-
Industry $119,500 $14,500 14%
MEng $115,000 $15,000 15%SM $85,000 $5,000 6%SB $85,000 $12,500 17%
PhD-Postdoc $52,500 $2,500 5%
Note: Salaries not adjusted for inflation
Median Salaries Offered to MIT Bachelors Graduates by Industry in 2017
Industry1
0K 20K 40K 60K 80K 100K 120K
MedianSalary
ComputerSoftware
BusinessServices
AppliedResearch
ComputerHardware/ElectricalEngineering
FinancialServices
Communications,Arts,Entertainment
EnergyandUtilities
InvestmentBanking
Law
AerospaceandDefense
AutomotiveandTransportation
Consulting
Education(K-12)
Engineering
IndustrialandConsumerManufacturing
Non-ProfitorNGO
Pharmaceutics
Health/Medicine
ChemicalsandMaterials
Government
Academia(HigherEd)
BasicResearch
Military
110,000
103,500
100,000
100,000
99,500
97,500
96,750
85,000
85,000
80,000
80,000
80,000
80,000
80,000
70,000
70,000
67,500
65,000
60,000
47,000
40,000
38,400
36,000
Industry
DistinctcountofStudent#
1
10
20
30
≥40
30,000 130,000
MedianSalary
Median Salaries Offered to MIT Bachelors Graduates by Top Area
Only areas with > 3 students are shown
Median salary$85,000
Salaries in the Computer Software Industry in the Major Hiring States 30,000 130,000
MedianSalary
30,000 130,000
MedianSalary
30,000 130,000
MedianSalary
Median = $85,000$107,000
$112,000 $113,500
$105,000
Median salaries for PhD graduates in 2017 by Industry (those not self-identified as postdocs)
IndustryName
0K 20K 40K 60K 80K 100K 120K 140K 160K 180K
MedianCleansalary
IndustrialandConsumerManufacturing
FinancialServices
Consulting
BusinessServices
ComputerSoftware
AutomotiveandTransportation
AerospaceandDefense
Engineering
ComputerHardware/EE
InvestmentBanking
EnergyandUtilities
Health/Medicine
Pharmaceuticals
ChemicalsandMaterials
Government
Education
Military
ArchitectureandUrbanPlanning
160,000
150,000
147,000
140,000
135,000
127,500
119,000
116,000
115,000
112,500
110,000
105,000
105,000
104,000
100,000
95,000
90,000
83,000
What About Salary Differences by Gender?
In the U.S. in 2016, Women Earned Less than Men in Occupations that MIT Graduates Often Entered
U.S. Bureau of Labor StatisticsFull-time salaried data
Women’s Earnings as a Percentage of Men’s
74.1
78.9
81.9
84.8
87.3
0 20 40 60 80 100
Business and financial operations occupations
Architecture and engineering occupations
Total, full-time wage and salary workers
Life, physical, and social science occupations
Computer and mathematical occupations
Gender Differences in Earnings of Individuals Ages 20 to 24 In the U.S. in 2016
U.S. Bureau of Labor Statistics, 2016Full-time wage and salary workers
Salaries and US Women and Men Ages 20 to 24
2600027196
0
5000
10000
15000
20000
25000
30000
Women Men
What about Female MIT Bachelors Graduates?
Megan Beck and Barry Libert, Dec 19, 2017, MIT Sloan Management Review, ‘Could AI Be the Cure for Workplace Gender Inequality?’
F/M = 96%
Gender Differences in MIT Bachelors Graduate Salaries in 2017
$16,500
Quartile Distribution of BachelorsSalaries by Gender
Gender
Female Male
0K
10K
20K
30K
40K
50K
60K
70K
80K
90K
100K
MedianSalaryMIT Median
BachelorsSalaries
N (F, M) = 140, 140Those who obtained $0 salary were not included
0
50
100
150
200
250
Female Male
MIT Median BachelorsSalaries by Gender
(in Thousands)
F M
80K
96.5K
If women start out with lower pay, what happens in
the future?
Women’s Salary in the U.S. as a Percentage of Men’s Salary at Different Ages
U.S. Bureau of Labor Statistics, 2016Full-time wage and salary workers
U.S. Women’s Salary as a Percentage of Men’s
Age
% of Men’s Salary
9689
8378 74 76
0
20
40
60
80
100
20 to 24years
25 to 34years
35 to 44years
45 to 54years
55 to 64years
65 yearsand older
Women’s Salary as a Percentage of Men’s Salary at Different Ages
Department of Education Data; average student earnings at 6 and 10 years out; Suzanne Kahn, Roosevelt Institute (11/23/15); Economic Inclusion, Education; http://bit.ly/21cyChH
83
7163
0
20
40
60
80
100
0 years 6 years 10 years
MIT Women’s Salary as a Percentage of MIT Men’s salary
Years out from graduation
Women’s Salary as a % of Men’s
Salary
Gender Differences of MIT Bachelors Graduates in Negotiating
MIT Bachelors Median
NegotiatedAdditional
Salary*
Gender
% Bachelors grads who
indicated that they negotiated
% Bachelors grads who gained in
salary when they negotiated
Females 9% 61%Males 11% 61%
$1460/yr
Gender
Female Male
0
500
1000
1500
2000
2500
3000
3500
4000
MedianNegotiatedSalary
*includes those who indicated they obtained $0
in negotiation
$2540
$4000
F M
Gender1
Female Male
Gender Differences in Salary Based on Top Locations for MIT Bachelor Graduates
Median = $85,000
Female Male
30,000 113,000
MedianSalary
DistinctcountofStudent#
1
10
20
30
≥40
• A higher percentage of MIT students are starting their job searches earlier than before, but this may be due to offers by their junior year internships • Over half of the Bachelors students had an offer by November• MIT graduates tend to work in high-tech areas of the country including Boston,
SF, NYC, and Seattle• MIT students are hired into many different industries and EECS students work in
almost every industry• Median salaries of MIT graduates have risen in the last five years but the amount
differs greatly by degree• As a group, MIT Bachelors graduates received higher median salaries in the areas
of SF, Seattle, and New York than in Boston• Female MIT Bachelors and PhD students get lower offers than their male
counterparts, but we do not have all the data necessary to determine why
Summary
Questions?
Tyrene Jones
Questions? Sue Acton, PhDwww.linkedin.com/in/susan-acton-phd
Deborah Liverman, PhDwww.linkedin.com/in/deborah-liverman-phd
MIT Career Services
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