The College Degrees With The Highest Starting Salaries

Jan 10 2014, 1:43pm CST | by

The College Degrees With The Highest Starting Salaries

The final results are in for the class of 2013: Bachelor’s degree graduates are earning salaries that are 2.6% higher than they were in 2012. The average: $45,600. Though engineering majors still earn more than grads with other degrees, with an average starting salary of $62,600, their compensation dipped slightly from 2012, down 0.1%. Per usual, humanities and social science majors had the lowest starting salaries of seven majors tallied, at $38,000, but their paychecks increased more than any other discipline since 2012, up 2.9%.

The data come from the National Association of Colleges and Employers (NACE), a non-profit group in Bethlehem, PA that links college placement offices with employers. NACE gets its information from a compensation management firm in Topanga, Calif., called Job Search Intelligence, which pulls numbers from some 400,000 employers and from the Bureau of Labor Statistics and the Census Bureau. In September, I last reported on NACE’s 2013 salary survey, which included data collected through April. This latest survey is a final tally with updated numbers from November.

Computer science majors make the second-highest salaries, at $59,100, but like engineers, their salaries slipped a bit from 2012, down 0.2%. The third-highest-earning major: business, at $55,100. That salary is up 2.3% from 2012, the second-highest jump after humanities majors.

This chart shows the average salaries in each discipline with the change since last year:

While the starting salary news is good for most grads who have found jobs, the overall employment picture is tough. NACE runs an employment survey from February through the end of April that asks students whether they have found work. In 2013, only 29.3% had landed jobs prior to graduation. NACE also follows up post-graduation with a survey that asks recent grads whether they have landed a job. In 2011, the last year it compiled figures, NACE reported that 59% of grads had found jobs 6-8 months after graduation, meaning more than 40% were unemployed. This year that figure may be higher. In April, the Associated Press reported data it had gathered from government sources showing that 53.6% of the class of 2012 were jobless or underemployed 10 months after graduation.

Though NACE doesn’t do a post-graduate survey showing employment rates by major, it released a survey in November showing which majors in the class of 2013 had gotten at least one job offer. Not surprisingly, the highest percentages roughly match the high compensation in the salary survey. Some 69% of computer science majors had gotten offers. Economics majors came next, at 62%, with accounting at 61% and engineering at 59%. Not surprisingly, liberal arts majors fared worse with 40% of history majors getting offers, 33% of English majors, and at the bottom, 28% of visual and performing arts majors.

Source: Forbes Business

 
 

Don't miss ...

 

<a href="/latest_stories/all/all/30" rel="author">Forbes</a>
Forbes is among the most trusted resources for the world's business and investment leaders, providing them the uncompromising commentary, concise analysis, relevant tools and real-time reporting they need to succeed at work, profit from investing and have fun with the rewards of winning.

 

blog comments powered by Disqus

Latest stories

Britons seek fewer work hours as longer hours injurious to health
London, Nov 28 (IANS) With recent research showing that long working hours can make us ill and ineffective, one in 10 Britons would like to work fewer hours, says a new Office for National Statistics (ONS) survey.
 
 
Iranian woman dances without hijab defying country's laws
Tehran, Nov 28 (IANS) An Iranian woman has defied the country's ultra-restrictive laws by dancing publicly without her hijab (veil), and what is more, it was filmed and posted on social media.
 
 
17th century Polish 'vampire' graves found
London, Nov 28 (IANS) Potential "vampires" in 17th-18th century Poland were buried with rocks and sickles across their bodies to ward off evil, scientists have discovered.
 
 
Human-induced nitrogen pollution big threat to ocean
London, Nov 28 (IANS) Human activity, particularly in industrial and agricultural processes, has had significant impacts on the upper ocean nitrogen cycle, a new study warns.
 
 
 

Latest from the Network

Apple Black Friday Sale Released
The Apple Black Friday 2014 Sale has launched online at the Apple Store. Apple has announced a huge charity promotion to fight AIDS for Black Friday and Cyber Monday. Apple will donate a portion of the sales the company...
Read more on Apple Balla
 
A look at Black Friday video game deals
All major retailers will be getting in the video game Black Friday spirit. PS4 and XBox One will certainly be two consoles that should garner huge sales but actual games should do good as well. One thing that is for...
Read more on Black Friday Countdown
 
Comics looking for event filled Black Friday
While video games and other electronic gadgets look to be the big draw on deals during Black Friday, comic book readers and fans will be able to find their fair share of deals as well. It has been announced that two...
Read more on Black Friday Countdown
 
Anna Kendrick positive after nude photo leak
Anna Kendrick is looking at the positives following the recent hacking of her nude photos. The 'Pitch Perfect' star - whose naked pictures were posted online by hackers earlier this year alongside other stars like...
Read more on Celebrity Balla
 
Benedict Cumberbatch hates selfies
Benedict Cumberbatch hates selfies. The 'Imitation Game' actor - who recently announced his engagement to Sophie Hunter - won't be personally taking any photos of him and his bride on their wedding day and instead would...
Read more on Celebrity Balla
 
James Franco filmed threesome with Zachary Quinto
James Franco and Zachary Quinto filmed a threesome for their new film 'Michael'. The actors took part in the sexy scene alongside the former 'Desperate Housewives' star Charlie Carver for the upcoming drama, according...
Read more on Movie Balla
 
UN condemns attack on British embassy vehicle
United Nations, Nov 28 (IANS) The UN Security Council (UNSC) has condemned the attack on a British embassy vehicle in Kabul, Afghanistan. "The members of the UNSC expressed their deep sympathy and condolences to the...
Read more on Politics Balla
 
Not all mosquitoes can transmit malaria
New York, Nov 28 (IANS) A genetic study has revealed that certain species of mosquitoes have evolved to better transmit malaria than even some of their close cousins. The study may advance understanding about the...
Read more on Business Balla
 
Rio judge ends Olympic golf course impasse
Rio de Janeiro, Nov 28 (IANS) A Rio de Janeiro judge has rejected a request by public prosecutors to suspend an environmental permit for work on the 2016 Olympic golf course. Judge Eduardo Antonio Klausner said there...
Read more on Sport Balla