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August 29, 2008
Average Starting Salaries for New Grads Up 7.1%
A shaky economy notwithstanding, the overall average starting salary offer to bachelor's degree graduates increased 7.1 percent in 2008, according to the National Association of Colleges and Employers (NACE).

The Summer 2008 issue of NACE's Salary Survey reported that computer science graduates fared among the best majors. Their average salary offers increased 13.1 percent over last year, to an average offer of $60,416. Another group enjoying a healthy spike in their average salary offers were liberal arts graduates. Their offers rose by 12.6 percent, up to $36,419 in 2008.

Here are average increases in salary offers--as well as the average salary offers--for other specific majors, according to a NACE press release:

  • Civil engineering graduates: 6.4 % increase over 2007; average offer of $51,632
  • Mechanical engineering grads: 5.3% increase; offer of $57,009
  • Business administration/management: 5.1% increase; average offer of $45,915
  • Marketing: 4.7% increase; offer of $42, 053
  • Economics majors grads: 4.2% increase; offer of $50,507
  • Accounting graduates: 2.9%; average offer of $48,085
  • Electrical engineering grads: 2.9%; offer of $56,910
  • Finance grads: 2.8% increase; offer of $48,547

NACE will publish its final salary report for the Class of 2008 in Sepetmber.

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