Average starting salaries offered to college graduates this past year have increased 6 percent when compared with last year, according to survey results by the National Association of Colleges and Employers.
The Bethlehem, Pa.-based nonprofit organization released its Fall 2011 Salary Survey Oct. 4, and said the average salary offered to bachelor’s degree candidates graduating in 2011 stood at $51,171, an increase of $2,883, or 6 percent, from last year’s salary of $48,288.
“The overall salary increase is the result of gains across disciplines,” NACE Executive Director Marilyn Mackes said in an Oct. 4 statement.
Students majoring in the business disciplines saw average salary offers increase 4.6 percent from last year, to $48,805. The average salary offered to graduating business administration/management majors stood at $46,372, an increase of 5.4 percent from 2010. Meanwhile, economics graduates saw average salary offers increase 3.9 percent over last year to $53,690. Average salaries offered to finance majors increased 4.8 percent to $51,503.
Students in the computer science disciplines saw their average offer jump 9.6 percent over last year to $63,760, NACE said.
Meanwhile, the engineering disciplines as a group saw average salary offers increase 2.8 percent over last year, to $60,291. Specifically, the average offer to petroleum engineering majors rose 7.1 percent to $82,740, making it the highest paid major in the report.
Humanities and social science majors received average salary offers of $40,834, a 15 percent increase over last year. English majors posted an 11.7 percent increase, bringing their average offer to $40,162. History majors also posted an increase; their average offer rose 5.3 percent to $40,788.
NACE compiled its figures from 121 college and university career services offices nationwide. The quarterly survey report is available to NACE organizational members and Salary Survey subscribers. 10.24.2011.