Tuesday, June 26, 2012

Things Looking Up For Class Of 2012


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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