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Early career starting salaries for students jump 7.4% as hires increase 31.6%

Steven Rothberg AvatarSteven Rothberg
September 19, 2023

The National Association of Colleges and Employers (NACE) is reporting a massive improvement in the U.S. job market for college and university students and recent graduates.

The overall average starting salary for Class of 2022 graduates is up 7.4 percent to $60,028 from $55,911. NACE is attributing the jump to the large increase in new college graduate hiring — and the competition for this talent — as NACE employers participating in the survey planned a robust hiring increase of 31.6 percent.
Average Starting Salaries for the Class of 2022

Bachelor’s Degree Graduates:

$86,964 Computer & Information Sciences
$76,249 Engineering
$76,186 Mathematics & Statistics
$61,970 Business
$58,849 Health Professions & Related Programs

Master’s Degree Graduates:

$105,894 Computer & Information Sciences
$98,036 Engineering
$90,607 Engineering Technologies
$87,976 Business
$83,444 Mathematics & Statistics

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