Monday, April 23, 2007

Good News for 2007 College Grads

1. Starting salary offers to new college graduates continue to rise, especially for business majors, reflecting the positive job market for Class of 2007 graduates according to a new report from the National Association of Colleges and Employers (NACE). Starting salaries for business grads showed one the biggest increases from last year, rising by 7.5% to $44,048. The average salary for economics graduates ($53,500) was the highest-paid business degree, followed by finance ($47,877), accounting ($47,421), and marketing ($41,285). Liberal arts graduates were offered $31,333 on average, 1.2% more than last year.

2. From the WSJ, "Employers are paying the typical four-year college graduate 75% more than they pay high-school grads. Twenty-five years ago, they were paying 40% more."

3. The current (March) unemployment rate for college grads is only 1.8%, a 6-year low.

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