2005-06 Best Job Market in Four Years (Continued)
In yesterday’s CollegeRecruiter.com Blog entry, I provided statistics to demonstrate how much stronger the job market is for 2006 college graduates than it has been in the past four years. Employers are hiring more recent graduates and are increasingly active in their college hiring activities when doing so. As a result, the starting salaries being offered to students and recent graduates who are searching for entry level jobs and internships are up across all fields.
How do the starting salaries being paid to this year’s entry level job searching students and recent graduates compare to the salaries paid to last year’s students and recent graduates? Business students continue to see their salaries increase. Accounting graduates saw an increase of 4.6 percent to $44,928. Business administration / management graduates saw an increase of 4.2 percent to $41,155.
Economics / finance graduates saw an increase of 6.2 percent to $42,588. Management information systems graduates saw an increase of four percent to $45,391. Marketing graduates saw a 2.1 percent increase to $37,191. Information sciences and systems graduates saw a 7.5 increase to $47,182. Computer science graduates saw a slight increase of 0.2 percent to $50,744.
Chemical engineering graduates saw an increase of 4.9 percent to $56,269. Civil engineering graduates saw an increase of 5.3 percent to $46,084. Computer engineering graduates saw an increase of 1.6 percent to $53,096. Electrical engineering graduates saw an increase of 2.9 percent to $53,300. Mechanical engineering graduates saw an increase of 3.3 percent to $51,808.
Political science / government majors saw a 0.3 percent increase to $33,094. English majors saw a decrease of 0.2 percent to $31,385. Psychology majors saw a one percent increase to $30,369. Sociology majors saw a 0.9 percent decrease to $31,096. History majors saw a 4.2 percent increase to $33,071.
Source: NACE
I'm actually excited to graduate now. Why? Because many of the "baby boomers" are going into retirement and a lot of high positions are going to need to be replaced.
I believe that my generation should consider themselves lucky, because we're graduating at the perfect time. Pay is increasing, as well as the amount of different jobs that are available.