Make us your home page
Instagram

Recent grads get pay hike

The new year is bringing good news for newly minted college graduates.

Class of 2012 graduates earned higher salaries on average than their 2011 predecessors — an increase of more than 3 percent, according to the National Association of Colleges and Employers, or NACE.

The findings from NACE's January 2013 survey show salary increases for new graduates across a range of disciplines.

The average starting salary for a 2012 graduate is $44,455, compared with $42,987 for 2011 grads, according to the survey.

"The encouraging news that the overall average salary for this group is 3.4 percent higher than the average salary for last year's class is bolstered by the fact that salaries have increased across all broad categories of majors," the salary survey says.

Salaries rose in the eight disciplines surveyed: business, communications, computer science, education, engineering, health sciences, humanities and social sciences, and math and sciences.

The sharpest salary gains were found in education, where 2012 graduates' salaries at $40,668 were 5.4 percent higher than the average $38,581 earned by 2011 graduates.

At the bottom of the scale were humanities graduates with an average salary of nearly $37,000, or 2 percent more than their previous year's counterparts.

The top earners were engineering graduates, with an average salary of $61,913 - an increase of nearly 4 percent over 2011 graduates. They were followed by graduates in computer science with an average salary of $59,221, about a 4 percent bump from 2011.

"We've seen a steady increase in the average starting salary for bachelor's degree graduates over the past two years, indicating improvement in the job market for college graduates," Marilyn Mackes, NACE executive director, said in a statement.

Recent grads get pay hike 01/20/13 [Last modified: Friday, January 18, 2013 6:20pm]
Photo reprints | Article reprints

Copyright: For copyright information, please check with the distributor of this item, Tribune News Service.
    

Join the discussion: Click to view comments, add yours

Loading...
  1. SeaWorld shares drop Monday to 2017 low after disclosure of federal subpoena

    Tourism

    The Orlando parent company of SeaWorld and Busch Gardens theme parks saw its stock drop 3.5 percent Monday to $15.10, its lowest price of this year.

    Killer whales perform at Shamu Stadium at SeaWorld in Orlando in 2011, before public pressure was placed on the theme park company to curtail its orca shows.SeaWorld has since announced an end to the traditional killer whale entertainment  at its theme parks. [AP Photo/Phelan M. Ebenhack]
  2. Rick Scott appoints 'my friend,' Jimmy Patronis, as Florida CFO

    State Roundup
    Rick Scott appoints Jimmy Patronis (background) as CFO. [STEVE BOUSQUET | Tampa Bay Times]
  3. Local gas prices plummet as Fourth of July holiday travel approaches

    Tourism

    TAMPA — Local gas prices are enjoying an unseasonal dip around the $2 mark just in time for the hectic Fourth of July holiday travel weekend.

    The price of regular unleaded gasoline has dropped to $1.99 at a Rally station on Pasadena Ave. South and Gulfport Boulevard South, South Pasadena.
[SCOTT KEELER   |   Times]

  4. Air bag recalls, lawsuits lead Takata to file for bankruptcy

    Autos

    Shattered by recall costs and lawsuits, Japanese air bag maker Takata Corp. filed Monday for bankruptcy protection in Tokyo and the U.S., saying it was the only way it could keep on supplying replacements for faulty air bag inflators linked to the deaths of at least 16 people.

    Japanese air bag maker Takata Corp. CEO Shigehisa Takada bows during a press conference in Tokyo on Monday. Takata has filed for bankruptcy protection in Tokyo and the U.S., overwhelmed by lawsuits and recall costs related to its production of defective air bag inflators.
[(AP Photo/Shizuo Kambayashi]
  5. Airbag maker Takata bankruptcy filing expected in Japan, U.S.

    Corporate

    DETROIT — Japanese airbag maker Takata Corp. has filed for bankruptcy protection in Tokyo and the U.S., overwhelmed by lawsuits and recall costs related to its production of faulty air bag inflators.