Salary Outlook For The Class of 2013

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Class of 2013 Starting Salaries

Starting salaries for the class of 2013 are up 5.3 percent from the average starting salary of last year’s graduates, according a survey conducted by the National Association of Colleges and Employers. The average starting salary for the class of 2013 is $44,928.

The results of the survey are broken up into disciplines where the average salaries rose anywhere from just under two percent to almost 10 percent.

Engineering graduates will earn an average of $62,535, the highest average salary in the report.

The disciplines with the biggest increase are health sciences and business. Graduates with degrees in health sciences saw the largest increase in average starting salaries at 9.4 percent. Thanks to an increase in nursing salaries and general health sciences majors salaries, these grads will make an average of $49,713. Salaries in business fields rose 7.1 percent to $54,234. This jump is mostly thanks to three majors: finance, hospitality services management, and international business.

Graduates who earned degrees in education, computer sciences, and communications will also see increases in their starting salaries. Education majors will earn an average of $40,480, a 5.1 percent increase. Computer sciences majors will earn $59.977, a 4.3 percent increase. Communications majors will earn $43,145, a 3.8 percent increase.

Additionally, the top five industries that paid the highest starting salaries to the class of 2013 are: mining, quarrying, and oil and gas extraction; management of companies and enterprises; construction; manufacturing; and finance and insurance.

The top five industries with the highest number of hires for the class of 2013 are: educational services; professional, scientific, and technical services; healthcare and social assistance; federal, state, and local government; and finance and insurance.

Graduates, what does this mean for your starting salary?

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