2010 College Grads To See Slightly Lower Starting Salaries
2010 College Grads To See Slightly Lower Starting Salaries
April 13, 2010 — Starting salary offers to the college Class of 2010 are down compared to last year at this time, according to a new report.
The report from the National Association of Colleges and Employers (NACE) shows the overall average salary offer to a bachelor’s degree candidate is $47,673, which is 1.7% lower than the average offer of $48,515 made to Class of 2009 bachelor’s degree candidates.
Although the overall average salary offer is down, some disciplines did see increases, according to the report. For example, in the business disciplines, both finance and accounting majors saw their average salary offers rise. The average offer to finance majors rose by 1.6% to $50,546, and the average offer to accounting majors inched up by 0.4% to $48,575.
The report showed that business administration/management grads saw their average offer fall 8% to $42,094. Marketing graduates’ average salary offer also fell, but not as far, to $42,710, down 2.1% from last year.
Graduates earning computer-related degrees saw their average salary offer soar in comparison to the other disciplines: Their average offer rose 5.8% to $58,746. And, the average offer to computer science majors increased by 4.7%, bringing it to $60,426.
Engineering graduates saw their average salary offer increase by 1.2% to $59,149. Electrical engineering grads saw the largest increase of the engineering disciplines. Their average offer rose by 3% to $59,326. Chemical engineering graduates’ average offer is up 1.6% to $66,437, and civil engineering grads saw a similar increase — 1.3% — bringing their average offer to $52,443.
Computer engineering grads, however, saw their average offer move up just a scant 0.2% to $61,121. Mechanical engineering graduates also saw a 0.2% increase, bringing their average salary offer to $58,881. Liberal arts grads may be the hardest hit by the effects of the recession: Currently, their average salary offers remain well below last year’s levels — 8.9% lower at $33,540.
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http://dreamlearndobecome.blogspot.com This posting was made my Jim Jacobs, President & CEO of Jacobs Executive Advisors. Jim also serves as Leader of Jacobs Advisors' Insurance Practice.
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