2018 2018 MI MIT Em Employer Sy Symposium: Emplo Employmen - - PowerPoint PPT Presentation

2018 2018 MI MIT Em Employer Sy Symposium:

Emplo Employmen ment Da Data

Deborah Liverman, Ph.D. Sue Acton, Ph.D.

2

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

Overview of Graduating Student Survey y and Earned D Doc

• ctor
• rate 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

• 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

Poi

• ints t

to K

• Keep i

in M Mind R Regarding t g the D Data

Th The Employment Cycle

Ti Timing of t g of the I Initiation

• n of t
• f the Job

Job S Search f for

• r M

MIT Ba T Bachelor

• rs

Gr Grad aduates s In 2017

% of Graduating Bachelor’s Students Starting Their Job Search 2017 Grads starting search

0% 5% 10% 15% 20% 25% 30% 35% 40%

Before Sept Sept Oct Nov Dec Jan Feb Mar Apr May June July Aug

Month when student began their search Fall Job Fair

Ti Timing of t g of the I Initiation

• n of t
• f the Job

Job S Search f for

• r M

MIT Ba T Bachelor

• rs

Gr Grad aduates

% of Graduating Bachelor’s Students Starting Their Job Search 2013 Grads starting search 2017 Grads starting search

0% 5% 10% 15% 20% 25% 30% 35% 40%

Before Sept Sept Oct Nov Dec Jan Feb Mar Apr May June July Aug

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

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

Th The Year arly ly Percentag age of f Bac achelo lors Students Wh Who Re 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 y Percentage of Graduating MIT Bachelors Students Who Received an Offer by y 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%

Em Empl ploym yment Locations ns

Th The S States W Where M MIT Ba T Bachelor

• rs a

and M Masters G Graduates Found Employm yment

Only students who indicated a job location are included

Distinct count of Student # 1 20 40 60 ≥ 80

Th The Ar Areas W Where Ba Bachelor

• rs a

and M Masters M MIT G T Graduates Fo Found Positions in 2017

Seattle SF Boston NYC

Ar Area eas i in w which M MIT P IT PhD G Graduates es F Fou

• und

Employm yment in 2017

Number of Records 1 5 10 15 21

Th The Industries

Th The T Top

• p I

Industries H Hiring M g MIT Ba T Bachelor

• rs

Gr Grad aduates s in 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 2017 2016 2015 2014 2013

MI MIT 2017 Bachelors: : In Industries ies vs Dep Departmen ments

Department Name Industry1 Industrial and Consumer Manufactu.. Financial Services Aerospace and Defense Military Academia (Higher Ed) Applied Research Automotive and Transportation Basic Research Business Services Chemicals and Materials Communications, Arts, Entertainme.. Computer Hardware/Electrical Engi.. Computer Software Consulting Education (K-12) Energy and Utilities Engineering Government Health/Medicine Investment Banking Law Non-Profit or NGO Other Pharmaceutics Aeronautics and Astronautics Anthropology Biological Engineering Biology Brain and Cognitive Sciences Chemical Engineering Chemistry Civil and Environmental Eng Earth, Atmos & Planetary Sci Economics Electrical Eng & Computer Sci Humanities and Engineering Linguistics and Philosophy Management Materials Science and Eng Mathematics Mechanical Engineering Nuclear Engineering Physics Political Science Urban Studies and Planning Distinct count of Salary 1 5 10 15 21

• EECS majors

were hired in almost all industries

• The consulting

industry hired most majors

% of Graduating Masters

Th The T Top

• p I

Industries H Hiring M g MIT M T Masters G Graduates (S (SM/MEng/MBA) i A) in 2017 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/EE Investment Banking Business Services Aerospace Engineering Industrial/Consumer Manufacturing Military Financial Services Computer Software Consulting 2017 2016 2015 2014 2013

MI MIT 2017 Ma Masters: : In Industries ies vs Dep Departmen ments

Includes MBA, SM, MEng graduates

Department Name Industry1 Consulting Aerospace and Defense Government Military Academia (Higher Ed) Applied Research Architecture and Urban Planning Automotive and Transportation Basic Research Business Services Chemicals and Materials Communications, Arts, Entertainme.. Computer Hardware/Electrical Engi.. Computer Software Energy and Utilities Engineering Financial Services Health/Medicine Industrial and Consumer Manufactu.. Investment Banking Law Non-Profit or NGO Other Pharmaceutics Aeronautics and Astronautics Architecture 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 Management Mechanical Engineering Nuclear Engineering Operations Research Prog in Media Arts Sciences Supply Chain Management Pro.. Urban Studies and Planning

Number of Records 1 10 20 30 40 ≥ 50

Em Employment Opportunities for Ph PhD Graduates

PhD Graduates Industry Post-doctoral positions

(Academic & Industry)

Other

The Percentage of PhD Graduates Seeki king Full- time Employm yment in Industry y

0% 10% 20% 30% 40% 50% 60% 70% 80% 90% 100% 2013 2014 2015 2016 2017*

% PhD Students Seeking Full- time Employment

• ver Further

Training

*may be slightly higher than past years since no ‘other’ category available for selection

Th The T Top

• p I

Industries H Hiring M g MIT P T PhD Gr Grad aduates s in in 2017 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 2017 2016 2015 2014 2013

MIT MIT 2017 Ph PhDs: In Industri ries es vs De Depa partme tment

PhD students are hired in many different industries

Number of Records 1 5 10 15 17 Dept Name Industry Name Aerospace and Defense Architecture and Urban Pl.. Automotive and Transpor.. Business Services Chemicals and Materials Communications, Arts, En.. Computer Hardware/EE Computer Software Consulting Education Energy and Utilities Engineering Financial Services Government Health/Medicine Industrial and Consumer .. Investment Banking Law Military Non-profit Agency or NGO Other Pharmaceuticals Aeronautics and Astronau.. Architecture Biological Engineering Biology Brain and Cognitive Scien.. Chemical Engineering Chemistry 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 Mechanical Engineering Media Arts and Sciences Nuclear Science and Engin.. Operations Research Physics Political Science Science Technology and S.. Sloan School of Managem.. Urban Studies and Planni..

Non-postdocs only included

Th The Salaries

Median Salaries of MIT Graduates by y 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 SM SB 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 y Industry y in 2017

Industry1 0K 20K 40K 60K 80K 100K 120K Median Salary Computer Software Business Services Applied Research Computer Hardware/Electrical Engineering Financial Services Communications, Arts, Entertainment Energy and Utilities Investment Banking Law Aerospace and Defense Automotive and Transportation Consulting Education (K-12) Engineering Industrial and Consumer Manufacturing Non-Profit or NGO Pharmaceutics Health/Medicine Chemicals and Materials Government Academia (Higher Ed) Basic Research 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

Distinct count of Student # 1 10 20 30 ≥ 40 30,000 130,000 Median Salary

Med Median Salari ries es Offer ered ed to MIT MIT Bachel elors Graduates es by y Top Area

Only areas with > 3 students are shown

Median salary $85,000

Salaries in the Computer Software Industry y in the Ma Major r Hi Hiri ring States es

30,000 130,000 Median Salary 30,000 130,000 Median Salary 30,000 130,000 Median Salary

Median = $85,000 $107,000 $112,000 $113,500 $105,000

Median salaries for PhD graduates in 2017 by y Industry y

(t (those not self-id identif ifie ied as as postdocs)

Industry Name 0K 20K 40K 60K 80K 100K 120K 140K 160K 180K Median Cleansalary Industrial and Consumer Manufacturing Financial Services Consulting Business Services Computer Software Automotive and Transportation Aerospace and Defense Engineering Computer Hardware/EE Investment Banking Energy and Utilities Health/Medicine Pharmaceuticals Chemicals and Materials Government Education Military Architecture and Urban Planning 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

Wha What Abo bout ut Salary y Differ erenc ences es by Gender ender?

In In the e U.S. in 2016, Women en Earn rned ed Les ess than Men Men in Occu Occupations s that MIT Graduates s Of Often Entered

U.S. Bureau of Labor Statistics Full-time salaried data

Women’s Earnings as a Percentage of Men’s

74.1 78.9 81.9 84.8 87.3 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

Ge Gender Dif ifferences s in in Ear arnin ings s of Indiv ivid iduals als Ages s 20 to 24 I 24 In t the U U.S. i in 2016 2016

U.S. Bureau of Labor Statistics, 2016 Full-time wage and salary workers

Salaries and US Women and Men Ages 20 to 24

26000 27196

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%

Ge Gender Dif ifferences s in in MIT Bac achelo lors s Gr Grad aduate Sa Salaries s in 2017

$16,500

Quartile Distribution of Bachelors Salaries by Gender

Gender Female Male 0K 10K 20K 30K 40K 50K 60K 70K 80K 90K 100K Median Salary

MIT Median Bachelors Salaries

N (F, M) = 140, 140 Those who obtained $0 salary were not included

50 100 150 200 250 Female Male

MIT Median Bachelors Salaries by Gender (in Thousands)

F M

80K 96.5K

If If women men start out with lo lower pay, wh what hap appens s in in the the futur uture?

Women’s Salary y in in the the U.S .S. . as as a a Percentag age of Men’ n’s Salary y at Different Ages

U.S. Bureau of Labor Statistics, 2016 Full-time wage and salary workers

U.S. Women’s Salary as a Percentage of Men’s

Age % of Men’s Salary

96 89 83 78 74 76

20 40 60 80 100 20 to 24 years 25 to 34 years 35 to 44 years 45 to 54 years 55 to 64 years 65 years and older

Women’s Salary y as a Percentage of Men’s Salary y at Di Different t 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 71 63 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

Ge Gender Dif ifferences s of MIT Bac achelo lors s Gr Grad aduates s in in Negotia iatin ing

MIT Bachelors Median Negotiated Additional 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 500 1000 1500 2000 2500 3000 3500 4000 Median Negotiated Salary

*includes those who indicated they obtained $0 in negotiation

$2540 $4000 F M

Gender1 Female Male

Gender Differences in Salary y Based on Top Locations for MIT Ba Bachelor

• r G

Graduates

Median = $85,000

Female Male

30,000 113,000 Median Salary

Distinct count of Student # 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
• f 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

Su Summa mmary

Questions?

Tyrene Jones

Que Questions ns?

Sue Acton, PhD

www.linkedin.com/in/

susan-acton-phd

Deborah Liverman, PhD

www.linkedin.com/in/ deborah-liverman-phd

MIT Career Services