Placement Statistics
The job and salary that you negotiate will reflect several things - your geographic mobility, years of previous experience, ability to market your skills, and academic preparation. As you review placement data for the Institute of Labor and Industrial Relations, please remember that this is just a guideline for discussion, not a hurdle to be jumped or a competition to be won. In addition to the salaries reported below, most companies pay relocation expenses, some offer stock options immediately, and if you convert your internship to full-time employment, some companies will adjust your start date to reflect your intern work. We recommend Professor Greg Northcraft's book, Get Paid What You're Worth, for advice on negotiating strategies. Click here to see the entire 2006-07 ILIR Placement Report.
Summary Data for 2006-07
(updated after Placement Report publication)
In 2006-07, 92% of ILIR candidates who were eligible for and searching for full time employment in the US were placed in positions. For full-time entry-level hires, the average private-sector salary for 2006-07 is $69,903, with different regional ranges. Signing bonuses averaged $7,913 ranging between $2,000 - $15,000. The average first-year total compensation (excluding relocation allowances) is $76,435. 89% of graduates found their positions through ILIR Career Services.
Interns received an average salary of $4,531 per month (private sector), with a range of $1,900 - $6,067 per month. In 2006-07, 100% of ILIR students were placed in internships, and 51% of ILIR students choose a full-time position with the company at which they had interned the previous summer. 90% of students found their positions through ILIR Career Services.
Salary Acceptance by Region, 2006 - 07
(Full-time, Private-sector)
Regional |
Salary |
Salary |
| West | $73,971 | $70,000-$80,795 |
| South | $72,025 | $50,100-$85,000 |
| Northeast | $71,000 | $52,000-$87,000 |
| Greater Midwest | $67,708 | $62,000-$76,000 |
| Illinois | $61,625 | $45,000-$70,000 |
Top Internship Employers:
(Based on Number of Hires)
- Cummins
- General Electric
- Anheuser-Busch
- bp
- Dow Chemical
- Honeywell
- Microsoft
Top Full Time Employers:
(Based on Number of Hires)
- General Electric
- Shell
- Danaher Corporation
- ExxonMobil
- Frito-Lay
- Northrop Grumman
- YUM Brands