Summer forecast: Grads see smaller starting rates
Summer’s almost here — and with the warmer weather comes a brand new crop of grads who are hungry to enter the workforce.
These new job-seekers are likely to start with slightly smaller salaries than their peers did a year ago.
According to a recent survey by the National Association of Colleges & Employers (NACE), the average starting salary for new college graduates in 2010 is $47,673 per year. That a 1.7% drop from the $48,515 starting salary for new grad in 2009.
Of course, graduates in certain fields fared better than others. For example, starting salaries in the following industries:
- $50,546 in Finance an increase of 1.6% from last year, and
- $48,575 in Accounting an increase of 0.4%.
Starting in these fields decreased moderately:
- Business Administration/Management — starting salary of $42,094, a decrease of 8% from the previous year, and
- Marketing — starting salary of $42,710, a decrease of 2.1%.
If your company is looking to hire this summer, you may be able to snatch up some top graduates at a slightly lower price — depending on what field your choosing from.
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