Free Special Resources
Get Your FREE Special Report. Download Any One Of These FREE Special Resources, Instantly!
Featured Special Report
Claim Your Free Copy of Overtime Primer: Highlights from the New Regulations

The federal DOL overtime regulations go into effect this year. Are you ready?

Download Now!

This report includes a summary of key changes, including the salary level test and salary basis test.

As a bonus, we've included a handy flowchart to help you determine exemption status under the FLSA.

Download Now!
July 20, 2009
Starting Salaries for New Grads Dip

The average starting salary offer for new college graduates dipped from $49,693 in 2008 to $49,307 in 2009, according to a report by the National Association of Colleges and Employers (NACE).

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!

NACE found that while many from the graduating class of 2009 continue to search for work, those who have received job offers aren't seeing significant change in salary offers compared with the graduating class of 2008.

Overall, graduates with bachelor's degrees in the business disciplines saw the average offer increase slightly form last year's graduates, but the average offer to business administration majors fell 2.1 percent to $44,944. One reason for the decline is that many offers came from retail/wholesale firms, which offered an average starting salary that was 6 percent less than they offered just one year ago.

Economics graduates also saw a decrease to their average salary offer, which fell by 1.3 percent to $49,829.

Engineering graduates enjoyed the highest salary increase. Overall, the average offer to engineering graduates rose 3.7 percent to $59,254. Electrical engineering graduates earned one of the larger increases (5.6 percent to $60,125).

Accounting majors saw a 1.9 percent increase for an average offer of $48,993. Meanwhile, the average offer to finance graduates rose 2.9 percent to $49,940, while marketing graduates posted a 3 percent increase for an average of $43,325.

The broad category of computer science-related fields (computer science, computer programming, computer systems analysis, and information sciences and systems) saw an average offer 1.9 percent over last summer to $59,418. Computer science grads saw their average salary offer rise 1.6 percent to $61,407. Information sciences and systems grads, however, saw their average offer slip slightly to $52,089, down less than 1 percent from last year at this time.

Liberal arts graduates saw the average offer fall less than from $36,419 last year to $36,175 this year, a 1-percent drop.

Featured Special Report:
Top 100 FLSA Overtime Q&As
Twitter  Facebook  Linked In
Follow Us
Copyright © 2016 Business & Legal Resources. All rights reserved. 800-727-5257
This document was published on
Document URL: