What Will The Class Of 2008 Earn?

Besides the impending summer and a new diploma, this year's graduates have something else to smile about come commencement day: bigger starting salaries when they enter the work force.

The average starting salary offer is 4 percent higher for 2008 graduates than last year's alumni, according to a recent study by the National Association of Colleges and Employers. Additionally, hiring is expected to increase by 8 percent.

"Employers are showing interest in graduates from all sectors," says Nathan Lippe, senior career adviser for CBcampus.com. "But, they're also seeing extra competition in certain fields. As a new graduate, your best bet is to research your industry and know what you're worth to get the most out of new job and salary prospects."

Engineering services and accounting firms are among the disciplines expressing the most interest in this year's batch of graduates, according to the NACE. Consulting, financial services, retail and petroleum companies are also looking for new hires. As a result, many of these industries offer sizable salary offers to new graduates.

Read the whole story here.

Comments

[sandiegoconservative]

Raymondf- If the graduates are so unhappy they are free to move to a third world country to conserve costs, or to Europe where most of what you mentioned above is just as expensive, if not more so.

My brother graduated last Sunday from Cal State University of Fullerton with his BA. He was able to line up a second interview for a job just prior to graduation. He received a job offer on Monday for work with a salary of $41,000.00 to start. His wife is expecting in July and she has stopped working as of January. Before she left, shewas working part time for about 20 hours per week at $10/hour and will return a few months after that.

Therefore, in expensive Southern California, they will be living in a nice area with basic benefits on less than $51k per year and somehow, they are not worried as you claim they should be. They have enough for food, rent, utilities, their car payment, insurance costs and some student loans, and yet they can still go on a good vacation each year and have some personal spending cash from time to time.

It's called BUDGETING.

[Raymondf]

Not much when they pay 5.00 a gallon for gas, rent/mortgage, power, water, sewer, home heating/air conditioning. Med bills of what there insurance don't pay car insurance, personal property tax. home owners insurance car payment, and pay off their student loans, they might break even if they get a job that pays over 100,000 a year.