Friday, July 17, 2009

College grads still scoring okay salaries

The National Association of Colleges and Employers just released a report showing the current recession hasn't had a particularly negative effect on starting salaries for college grads.

According to NACE's release:
NACE’s Summer 2009 Salary Survey report shows that the average starting salary offer for new college graduates now stands at $49,307. That’s off less than 1 percent from the average $49,693 that 2008 graduates posted last year at this time.
Looks like engineering grads bested most other grad groups with an average increase of 3.7 percent in starting salaries.

And for parents who lamented their sons and daughters getting liberal arts degrees, no need to fear. Overall, liberal arts majors saw less than a 1 percent decline in starting salaries. On a positive note, English, history and psych grads actually saw slight increases. Looks like there's still value in learning about iambic pentameter.

NACE does point out, however, that many grads are still looking for jobs.

(H/T to UW for pointing out the Puget Sound Biz Journal article on this topic.)

Apture