More positive news about the
job market – employers
are hiring more recent graduates and offering higher salaries this year
than in past years. Employers expect to higher 10% more graduates this year
than from the Class of 2011. The median salary offer is estimated to be
$42,569, an increase of 4.5% from last year.
The majors in highest demand
are, in order, engineering, business, accounting, computer science, and
economics. These majors are also the highest paid this year; with each being
offered annual salaries that average in excess of $40,000. Engineering majors
are being offered the highest salaries; $58,581 on average. Other fields are
seeing better outcomes as well; the average salary offers in education and
communications increased by 4-4.5%.
Surveyed Job Offers For Recent Graduates (NACE)
This report really shows that the job market is improving. With high sustained unemployment, companies have often been able to hire experienced workers for similar pay as recent graduates. The increase in hiring of recent graduates shows the pool of unemployed workers is shrinking, or at least workers with the skills these employers are seeking. As the picture improves for graduates this year, those of us who will still be in school can expect an even better market in the next few years.
Landon J. Latham
Career Educator
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