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College grads earning cash

May 15, 2017 NCH 45 Comments

Looks like that investment in higher education is paying off for some select degree holders.

Review the high paying college majors from the list below then decide which of those majors is right or wrong for you.

This spring’s crop of college graduates has an extra reason to celebrate: Not only are new grads entering one of the strongest job markets in recent history, but starting salaries are rising, too.

The average base pay for college grads this year ticked to the highest level in at least a decade, to $49,785, according to an analysis of more than 145,000 entry-level positions by executive-search firm Korn/Ferry International , KFY 1.42% up 3% from last year.

Adjusted for inflation, today’s salaries are 14% higher than those of students who graduated in 2007 before the start of the recession, and reflect overall strength in hiring as the national unemployment rate hovers at a 10-year low. The firm has analyzed entry-level pay from just the past decade, but a spokeswoman said that given longer-term salary trends, this year’s grads will likely be the highest earning class in recent history.

 “This has been the best year for students that I’ve seen since coming here,” said Thomas Ward, executive director of the career-services center at Adelphi University, in Garden City, N.Y., who joined the school in 2008. Some students at the school are fielding multiple job offers, allowing students to be choosier about where they ultimately land, he said. “It’s very rewarding.”

Starting salaries in software-development roles climbed 5% in the past year to $65,232, while engineers are expected to earn $63,036 on average, up 1%. Also near the top of this year’s list of highest-earning grads are actuaries, at $59,212, and entry-level scientists and researchers, at $58,773.

While graduates who make their way to jobs in San Francisco and New York are expected to take home higher paychecks than their peers in Los Angeles, Chicago and Atlanta, all major metro areas saw big jumps in average salary for entry-level degree-holders, according to the Korn/Ferry research.

Ben Collins, a senior set to graduate Sunday from Saint Bonaventure University in New York, is starting as a tax analyst at accounting firm Ernst & Young next month. The 22-year-old finance major declined to say what salary he was offered but said it was on par with his friends’ and peers’ entry-level pay packages.

“Almost everyone I know has a job, which feels good,” said Mr. Collins.

However, not all students have a job in hand on graduation day. A survey of Adelphi seniors shows that two-thirds have received at least one job offer, but Mr. Ward cautioned that only 30% of the class had responded to the survey so far. He said it takes most graduates six months to land a full-time gig. A separate survey of 1,000 college seniors by consulting firm Accenture PLC released this week found only 15% had received a job offer before graduating.

Young Americans without a college diploma face a tougher career path. College graduates over 25 earn about twice as much as adults with a high-school diploma or some college, according to the Bureau of Labor Statistics.

Announcement, Business, Career, College Preparation career, college, diploma, education, employment, income, jobs, money, skills, STEM, training, university

Comments

  1. Tate Hom says

    May 15, 2017 at 4:31 pm

    I feel that college graduates having available jobs is great. They can become lost when they fail to get a job, and it makes them feel like their degree is worthless. I think college graduates deserve entry level positions to gain experience. After all when the degree is so expensive to earn it should have some worth.

    Reply
    • fpayan says

      May 15, 2017 at 7:38 pm

      Yes absolutely the college degree should secure a solid paying job.

      Reply
  2. Anayeli Sepulveda says

    May 15, 2017 at 9:15 pm

    My top 3 degrese that i choice were
    1: accountant
    2:call center specialist
    3:claims examiner

    Reply
    • fpayan says

      May 16, 2017 at 10:21 am

      Outstanding choices! You have the social skills for those positions.

      Reply
  3. jaedyn wiggins says

    May 16, 2017 at 10:23 am

    1. category assitant
    2. E-commerce anaylsis
    3.event coordinator

    Reply
  4. Roberto Cobiellas says

    May 16, 2017 at 10:25 am

    1: Actuary
    2: E-Commerce Analyst
    3: Accountant

    Reply
  5. elizabeth medina says

    May 16, 2017 at 10:25 am

    1. Buyer
    2. E-Commerce Analyst
    3. Call Center Specialist

    Reply
    • fpayan says

      May 16, 2017 at 10:28 am

      Super choices.

      Reply
  6. Kendrick Larios says

    May 16, 2017 at 10:26 am

    Top 3 degrees
    1. Actuary
    2. E-Commerce Analyst
    3. Accountant

    Reply
    • fpayan says

      May 16, 2017 at 10:28 am

      You will be able to afford a nice beamer 🙂

      Reply
  7. Dario Alonso says

    May 16, 2017 at 10:30 am

    I would choose accountant, E-Commerce Analyst, and Buyer because I love the whole idea of business.

    Reply
    • fpayan says

      May 16, 2017 at 10:39 am

      I like that a money making attitude!

      Reply
  8. Christine Santos says

    May 16, 2017 at 10:30 am

    Job Choices that interest me.
    1. Accountant
    2. Actuary
    3. Call Center Specialist

    Reply
  9. Clalista Atienza says

    May 16, 2017 at 10:34 am

    1. Accountant
    2. Category Assistant
    3. Call Center Specialist

    Reply
  10. Jazzmine Cobian says

    May 16, 2017 at 10:42 am

    1. E-Commerce Analyst
    2. Accountant
    3. Claims Examiner

    Reply
    • fpayan says

      May 16, 2017 at 11:07 am

      Ride the E-Commerce wave to prosperity!

      Reply
  11. Jenine Cadlaon says

    May 16, 2017 at 10:50 am

    1. Call Center Specialist
    2. Claims Examiner
    3. Accountant

    Reply
    • fpayan says

      May 16, 2017 at 11:07 am

      Solid career choices 🙂

      Reply
  12. Youstina Labib says

    May 16, 2017 at 11:52 am

    Some degrees that provide college graduates with a stable income or source of cas include….
    -Marketing
    -Customer Service
    -Actuarial

    Reply
  13. anthony soto says

    May 16, 2017 at 11:53 am

    accountant
    Claims Examiner
    E-Commerce Analyst

    Reply
  14. Diego Guzman says

    May 16, 2017 at 11:54 am

    1: accountant
    2:call center specialist
    3:claims examiner

    Reply
  15. decarlo says

    May 16, 2017 at 11:57 am

    1. Call Center Specialist
    2. Claims Examiner
    3. Accountant

    Reply
  16. Miya Russell says

    May 16, 2017 at 12:00 pm

    Marketing and Finance degrees are helpful to 2017 college grads. My three choices would be:
    1) Actuary
    2) Average Graduate Base Salary
    3) Claims Examiner

    Reply
  17. kevin Holloway says

    May 16, 2017 at 12:02 pm

    Accountant
    claim examiner
    actuary

    Reply
  18. Hector Guizar says

    May 16, 2017 at 12:10 pm

    1. Accountant
    2.Customer Service
    3.Marketing

    Reply
  19. kenia lopez says

    May 16, 2017 at 12:22 pm

    Actuarty
    E-Commerce Analyst
    Accountant

    Reply
  20. martin z says

    May 16, 2017 at 1:02 pm

    1. buyer
    2. engineering
    3. customer service representative

    Reply
  21. Paco Soriano says

    May 16, 2017 at 1:14 pm

    Accountant
    Customer Service
    Marketing

    Reply
  22. Mario Marquez says

    May 16, 2017 at 1:14 pm

    1. Buyer
    2. engineering
    3. Mechinics

    Reply
  23. Brandon Azzato says

    May 16, 2017 at 1:16 pm

    1) Actuary
    2) Average Graduate Base Salary
    3) Claims Examiner

    Reply
  24. Patrick Garcia says

    May 16, 2017 at 1:19 pm

    1. Call Center Specialist
    2.Customer Service
    3. Accountant

    Reply
  25. Chris DeCasas says

    May 16, 2017 at 1:21 pm

    accountant
    Claims Examiner
    E-Commerce Analyst

    Reply
  26. justin Marroquin says

    May 16, 2017 at 1:22 pm

    1.Buyer
    2. Average Graduate Base Salary
    3.Marketing

    Reply
  27. lilah says

    May 16, 2017 at 1:23 pm

    Call Center Specialist Call Center $41,158 -17% $51,941 $49,760 $46,056
    Category Assistant Category Management $35,592 -29% $44,917 $43,031 $39,827
    Claims Examiner Claims $37,508 -25% $47,335 $45,347 $41,971

    Reply
  28. kimberly says

    May 16, 2017 at 1:45 pm

    engineer
    accountant
    customer service

    Reply
  29. jonathan says

    May 16, 2017 at 1:53 pm

    Some degrees that provide college graduates with a stable income or source of cas include….
    -Marketing
    -Customer Service
    -Actuarial

    Reply
  30. Carmen Diaz says

    May 16, 2017 at 2:09 pm

    1. buyer
    2. Customer service
    3.Actuarial

    Reply
  31. Dennia Alvarado says

    May 16, 2017 at 2:18 pm

    customer service
    marketing
    claim examiner

    Reply
  32. Isabella Mendoza says

    May 16, 2017 at 2:19 pm

    Accountant
    Acutuary
    Buyer

    Reply
  33. Carissa Cabrera says

    May 16, 2017 at 2:24 pm

    1. E-Commerce Analyst
    2. Accountant
    3. Actuary

    Reply
  34. Sabrina Gonzalez says

    May 16, 2017 at 2:24 pm

    1. Buyer
    2. E-Commerce Analyst
    3. Call Center Specialist

    Reply
  35. Teresita Wenzell says

    May 16, 2017 at 2:25 pm

    Three degrees that interest me from the list:
    1. Accountant
    2. Actuary
    3. E-commerce analyst

    Reply
  36. Roque Garcia says

    May 17, 2017 at 12:02 pm

    Three degrees that interest me from the list:
    1. Accountant
    2. Actuary
    3. E-commerce analyst

    Reply
  37. Daniel Cervantes says

    May 17, 2017 at 1:21 pm

    1.) Account
    2.) Actuary
    3. E-commerce analyst

    Reply
  38. Keshav S. says

    June 7, 2017 at 12:12 am

    According to the Bureau of Labor Statistics, college graduates are earning twice as much as those with just a high-school diploma or an unfinished college, a huge margin considering that the job market had been affected by a recession in 2007. As this year is becoming one of the strongest job markets in recent years, salaries are rising while Americans without a college diploma face a greater struggle. Compared to Los Angeles, Chicago, and Atlanta, it seems like San Francisco and New York is the place to be employed to take full advantage of this opportunity.

    Reply

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