The College Class of 2011: Hiring, Salaries Up
1. Chicago Sun-Times -- "Job postings and recruitment activity are up at Chicago area college campuses this year, and employers nationally say they plan to boost hiring — more evidence of a slowly recovering but still highly competitive job market. Employers will hire 19 percent more new college graduates nationally this year than they did in 2010, according to a survey released this month by the National Association of Colleges and Employers. This is the first time since 2007 the NACE survey has revealed a double-digit increase in spring hiring projections." (HT: Steve Bartin)
2. NACE -- "The good news continues to roll in for the Class of 2011 as results from NACE’s Spring 2011 Salary Survey show that the average salary offer to all Class of 2011 graduates now stands at $50,462, which is up 5.9 percent over the overall average of $47,673 to Class of 2010 graduates."
3. The chart above shows the gender breakdown for college graduates this year, and the projected breakdown for the Class of 2020, according to data from the Department of Education.
5 Comments:
"Those graduating in 2011 can expect an average starting salary of $50,462 -- a 5.9 percent increase from the average offer to 2010 grads."
That is for the average ENGINEER, not the average university graduate. Given the shortages and demographic profiles in some disciplines there is not doubt that an engineer, actuary, or geologist will get an opportunity to get a good job at a decent pay level. But the average history, political science, communication, arts, etc., major will be lucky to find a job at all.
VangeIV: That's for ALL college grads, I changed the link to go directly to the NACE homepage to clarify.
More Americans attending college, to add more future value to society, is one of the few bright spots of a generally dismal economy; where per capita real income should be $4,000 higher at this point in the recovery; $1 1/2 trillion annual budget deficits, which means more taxes and less benefits; substantially higher gasoline prices, due to a lack of domestic oil production, which may become worse, etc.
Like the statistician who drowned in a pond with a median depth of one foot, I remain unemployed despite returning for a bachelor's (2008) and then a master's (2010). My field is criminology; I graduated with honors. I could get $7.50 to $10 per hour part-time as a security guard -- if there were such jobs in Michigan. Clearly, I am in the wrong pond.
Starting salary for the average engineer is almost $60k. Some of the liberal arts majors get half that. But $50k average across all majors for coming straight out of college is pretty damn good.
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