State:
Free Special Resources
Get Your FREE Special Report. Download Any One Of These FREE Special Resources, Instantly!
Featured Special Report
Claim Your Free Cost Per Hire Calculator
This handy calculator lets you plug in your expenses for recruiting, benefits, salaries, and more.

Graphs automatically generate to show you your annual cost per hire and a breakdown of where you are spending the most money.

Download Now!
July 13, 2000
Starting Salaries: Good Times for Recent College Grads

For a Limited Time receive a FREE Compensation Market Analysis Report! Find out how much you should be paying to attract and retain the best applicants and employees, with customized information for your industry, location, and job. Get Your Report Now!
BETHLEHEM, PA--The average salary offers to petroleum, computer, and chemical engineering graduates all stand at $49,000 and above, but a recent survey by the National Association of Colleges and Employers (NACE) shows that students from a wide variety of disciplines are getting top dollar.

"We're seeing substantial increases in starting salary offers for all types of students," says Camille Luckenbaugh, NACE employment information manager. "Not only are engineering and computer sciencegrads getting big offers, but students in the business disciplines are doing exceptionally well, and liberal arts graduates are also seeing significant jumps in their average offers."

The Summer issue of NACE's Salary Survey, released in July, shows the effects of continued low unemployment and a strong economy. "The college job market is remarkably strong," says Luckenbaugh.

In Business

Among the business disciplines, business administration students are enjoying some of the biggest salary increases, with their average offer climbing to $35,991, an increase of 6.5 percent over July 1999. Accounting graduates are also doing well; their average offer is up 7.1 percent over July 1999 for an average of $36,919. Offers to marketing graduates are up 5.1 percent, for an average of $33,141.

MIS offers up 6.3%

Management information systems grads, who appeal to employers because they combine business and technical skills, are averaging $43,657, an increase of 6.3 percent over July 1999 figures. Slightly more than one-fifth of their offers are for jobs in information systems, with some candidates fielding offers of $49,000 and more for such positions.

Computer systems design companies, computer manufacturers, consulting firms, software publishers, and communications organizations continue to aggressively pursue computer science grads, but employers of all types are vying for their talents. As a result, the average offer to computer science grads is up 9.9 percent since July 1999 to $48,740.

Information systems grads are also generating a lot of interest among employers, causing their average offer to skyrocket 10.6 percent over July 1999 figures to $43,402.

Engineering grads get highest salaries

Engineering graduates are seeing steep increases in their starting salary offers. Computer engineering grads, for example, are enjoying a 9.6 percent jump, bringing their average offer to $49,505; in addition, one-quarter of their offers meet or exceed $53,000.

The average offer to electrical/electronics engineering graduates is up 7.5 percent over July 1999, for an average of $48,492. EE grads have a wide variety of jobs to choose from, including positions in hardware design, software design, project engineering, systems engineering, and manufacturing engineering.

Offers to industrial and mechanical engineering graduates also increased. Industrial engineering grads are seeing a 5.9 percent increase, bringing their average offer to $45,612. The average offer to mechanical engineering graduates has risen 5.4 percent to $45,617.

Meanwhile in the liberal arts

Although media attention has focused on the job market for graduates with technical degrees, the current economy has also been good to liberal arts grads. For example, the average offer to English language and literature graduates is up a whopping 10.5 percent over July 1999 for an average of $29,845, with a third of those offers for teaching positions and writing/editing jobs.

Political science/government graduates are also getting extraordinary increases: Their average offer has leaped 11.8 percent to $32,748.

Consulting firms, one of the top employers of new college graduates, have helped push up the average offer to history graduates by 9.5 percent to $31,359. Although more than one-fifth of their offers came from educational institutions, which offered an average starting salary of $27,441, history grads got 14 percent of their offers from consulting firms which offered $40,347 on average.

Figure 1: Top 10 highest paying curriculum areas for bachelor's degree candidates*

Pharmacysm $65,747

Petroleum engineering $49,892

Computer engineering $49,505

Chemical engineering $49,000

Computer science $48,740

Electrical/electronics engineering $48,492

Mechanical engineering $45,617

Industrial/manufacturing engineering $45,612

Metallurgical engineering $45,209

Management information systems $45,657

* Average annual starting salary offer, based on areas that had 50 or more offers reported. 1 Pharmacy is a five-year degree program.

Source: Summer 2000 Salary Survey, National Association of Colleges and Employers.

--

Featured Free Resource:
Cost Per Hire Calculator
   
   
 
 
Twitter  Facebook  Linked In
Follow Us
CT-WEB02
Copyright © 2016 Business & Legal Resources. All rights reserved. 800-727-5257
This document was published on http://Compensation.BLR.com
Document URL: http://compensation.blr.com/Compensation-news/Compensation/Compensation-Administration/Starting-Salaries-Good-Times-for-Recent-College-Gr/