From college to the workforce

It’s not as grim as ’09 graduates think, claims the National Association of Colleges and Employers, which  “found that the average starting salary for this year’s graduates is $49,307, down less than 1% from 2008,” reports Forbes. Accounting grads get the most job offers, while petroleum engineering majors get the highest starting salaries.

According to the NACE survey, which sounds suspiciously upbeat, average salaries dropped slightly for liberal arts and computer science graduates, but rose slightly for business majors and rose 3.7% for engineering graduates.

Some of the lowest starting salaries were listed for those holding liberal arts majors; English majors fetch an average $34,704, and sociology $33,280. The highest wages by far are awarded to graduates with engineering degrees, with petroleum engineers leading the way at $83,121, followed by chemical engineers at $64,902.

I wonder if they’re not counting the percentage of ’09 grads with no job offers at all.

It’s a mancession, writes Carpe Diem. The male unemployment rate is significantly higher than the rate for women.

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Comments

  1. “It’s a mancession, writes Carpe Diem. The male unemployment rate is significantly higher than the rate for women.”

    Perhaps, but for college graduates that doesn’t seem to be working out. Engineers are overwhelmingly majority male. The humanities and social sciences are majority female. The former is making out better than the latter right now.

    As you say, starting salary is a horrible way to judge the employment climate for graduating students. But even this far into the summer, there may not have been enough time to assess how many graduating seniors have jobs at all.

  2. >>Some of the lowest starting salaries were listed for those holding liberal arts majors; English majors fetch an average $34,704, and sociology $33,280.<<

    I hate to be pedantic (although it not here, then where…), but sociology is not part of the liberal arts; it is part of the social sciences.