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Starting salaries down for most new grads

Recent college graduates lucky enough to nab jobs are earning even less than their counterparts did a year ago, according to a recent survey. • The National Association of Colleges and Employers says in its quarterly report on salaries that 2010 graduates' average starting salary was $48,661, down 1.3 percent from the initial salaries of 2009 graduates. • But figures varied widely among specific categories. Some examples of average starting salaries:

$37,356 For people majoring in general studies. They saw some of the biggest drops in compensation, said Mimi Collins, communications director for NACE. The average offer for them tumbled 17.7 percent from 2009.

$50,885 Offers for economics majors were up, 2.1 percent.

$44,397 The biggest increase was in hospitality services management, where the average offer rose 10.6 percent, Collins said.

$50,356 Those studying finance got a small bump over 2009 grads, 0.8 percent.

$55,084 Starting salaries for information sciences grads increased 5.7 percent, bucking an overall downward trend in the technology field. Salaries dropped slightly for computer science majors and those studying engineering.

NACE based its figures on information from the career services offices of 115 colleges nationwide in the nine months through June.

Starting salaries down for most new grads 08/20/10 [Last modified: Friday, August 20, 2010 6:11pm]
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