Starting Salaries for Class of 2013 Up 5.3%

News Updates

New bachelor degree graduates in the U.S. commanded an overall starting salary of $44,928 in the first quarter of 2013—up 5.3 percent over the average starting salary that their class of 2012 counterparts realized a year earlier ($42,666), according to the nonprofit National Association of Colleges and Employers (NACE).

NACE’s April 2013 Salary Survey—the first look at starting salaries for the class of 2013—found a wide divergence by discipline, with year-over-year increases ranging from just under 2 percent to nearly 10 percent.

“Engineering majors are consistently among the highest paid because the demand for them is so great,” said Marilyn Mackes, NACE executive director, in a media release.

Top-Hiring Industries

The top five industries that reported the highest number of new graduate (bachelor degree) entrants for 2013, regardless of major, were:

  • Educational services: 455,400 graduate entrants, average starting salary of $39,992.
  • Professional, scientific and technical services: 307,900 graduate entrants, average starting salary of $48,609.
  • Health care and social assistance: 274,300 graduate entrants, average starting salary of $42,698.
  • Federal, state and local government: 203,500 graduate entrants, average starting salary of $45,862.
  • Finance and insurance:100,200 graduate entrants, average starting salary of $52,875.

Stephen Miller, CEBS, is an online editor/manager for SHRM. To read the original article on shrm.org, please click here