A new salary survey from the National Association of Colleges and Employers (NACE) has some good news for 2013 college graduates. The average starting salary for 2013 grads earning bachelor’s degrees has risen to $45,000, up 5.3% from the average starting salary for the class of 2012. (I’ve rounded NACE’s numbers to the nearest $1,000).
A Bethlehem, Pa. non-profit, NACE links college placement offices with employers. Its employer members tend to be large companies. For its salary survey it went beyond its members and combed through data from the Bureau of Labor Statistics, the Census Bureau and a master set of data developed by a compensation measurement company called Job Search Intelligence. The new survey is NACE’s first look at starting salaries for the class of 2013. It will put out an updated survey in September.
“The sizable gains in several disciplines—particularly in health sciences and business—have helped to drive up the average starting salary for the class of 2013,” said NACE Executive Director Marilyn Mackes in a statement.
Health sciences grads are enjoying the biggest increase, 9.4%, over 2012, with a starting salary of $50,000.The gain for business majors is 7.1%, bringing the average salary for the discipline to $54,000. Salaries are also increasing for education and computer science grads. Education majors are making $40,000, 5.1% more than in 2012, and computer science grads are earning $60,000, a 4.3% hike from 2012.
Though salaries for engineers didn’t increase as much as salaries for other specialties, engineering is still the top-earning degree, with an average 2013 starting salary of $63,000. That’s up 4% from 2012. Computer science majors come in second. Business majors make the third-highest salaries at $54,000.
See Full Article (Forbes): Here
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