Posts Tagged ‘Salaries’

It appears that salaries for entry level jobs are going down.

According to the article Starting salaries of new college graduates drop:

The National Association of Colleges and Employers said in its quarterly report on salaries that 2010 graduates’ average starting salary was $48,661, down 1.3 percent from the initial salaries of 2009 graduates.

As if new grads need more bad news in this economy…

Some depressing news about the job market today. It looks like the struggling economy is putting downward pressure on Entry Level salaries.

Here are the details:

The National Association of Colleges and Employers said that average salary offers to 2010 bachelor’s degree candidates are down 1.7% to $47,673, compared to $48,515 last year.

But there is some good news. It appears that not all sectors have been hit hard. For instance, technical degrees are showing salary growth over 2009.

Want to know more? Get the whole story here

.

So says Business Week in their article called Most 2009 College Grads Find Lower Salary Offers.

However, it seems that the pain is not felt equally across all new grads:

Among business graduates, the average offer rose 1%, to $46,973. But finance majors did considerably better: Their offers were up 2.3%, to $49,754, while business administration and management majors did best of all, with the average offer increasing 3.6%, to $45,778.

Bids for liberal arts majors, meanwhile, are flat, at $36,807, while well-paid professionals such as computer science majors are seeing salaries dip. The average offer to computer science grads fell 11%, from $65,379 to $58,837 this year.

I’m quite surprised at the hit that the computer science grads are seeing. I can only assume that this is a short-term drop, but then again, an economy like this will do strange things to any degree.

Anyone have any direct experience they would like to share?