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.
- Share on
Free Training & Resources
Further Reading
Late or slow payments continue to stall progress for today’s finance teams. These delays often stem from large organizations renegotiatin...
Believe it or not, there’s still money left on the table for companies that kept workers on their payrolls while struggling to stay a...
College students can’t stand the 150 credit hour requirement to sit for the CPA exam. Employers are desperate to find the next wave o...
Effectively handling multi-sheet Excel workbooks is crucial for organizing and analyzing complex data. By mastering worksheet management, y...
The majority of publicly traded companies say they will continue to voluntarily report greenhouse gas (GHG) emissions that are linked by ma...
Fewer college students are willing to put in the time and money to become accountants. Finance professionals are concerned about the dwindl...
