College Grads in Class of 2014 See Starting Salaries Increase 7.5%

Four happy college graduates standing in a row. Photo courtesy of Shutterstock.

There is some great news for college graduates in the class of 2014.  Their starting salaries have increased by 7.5% according to a recent report.  Learn more in the following post.

The overall average starting salary for Class of 2014 college graduates stands at $48,707, up 7.5% from the average of $45,327 posted by the Class of 2013 at this time last year, according to a new report by the National Association of Colleges and Employers (NACE).

Driving the sizable overall salary increase are the gains made by the communications and computer science disciplines, which are the biggest for Class of 2014 graduates.

Graduates in the communications disciplines saw the largest increase—10.1%—bumping up their average starting salary to $48,253.

The average starting salary for computer sciences disciplines bounced back from a 2.5% decrease last year to a 6.1% increase this year. The average now stands at $62,103.

Graduates within the business disciplines saw their average starting salary grow 2.9% to $57,229, while the average starting salary for engineering graduates nudged up 1.3% to $62,891.

Meanwhile, the average starting salary for education majors remained fairly level, slipping by just 0.2% to $40,267.