2012 Grads Earn More than 2011 Grads – OnlineBusinessDegree.org
The graduating class of 2012 with bachelor’s degrees are faring better financially than their 2011 counterparts – at least salary-wise – according to a recent report published by the National Association of Colleges and Employers (NACE).
The NACE Salary Survey found that the overall average salary for 2012 bachelor’s degree graduates is $44,259, up from last year’s overall overage of $43,521.
The biggest salary increase from 2011 to 2012, at 2.2%, is in the Business field. The Class of 2012 Business majors earn an average salary of $51,541, compared to Class of 2011′s $50,446. Only Engineering ($60,639) and Computer Science ($60,038) graduates have a higher average salary.
Additionally, the majors of business administration, finance, and accounting offer recent grads average salaries of $52,500 $52,800, and $50,400, respectively. All of those salaries increased from last year. Financial managers are the most profitable positions for each of these majors.
Economics majors are experiencing average salaries of $58,200, a 1.7% increase from last year.
The report also revealed the top five industries paying the highest starting salaries to graduates. Management was the top-rated at $55,046, with 47,500 new graduates entering the field. The finance and insurance sector – which is defined as establishments primarily engaged in, or facilitating financial transactions – pays $51,236 and has 95,900 new graduates entering the field.
Follow Valerie Jones on Twitter @ValerieJonesCMN