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There’s good news and bad news for those entering the labor market this year. The good news is that there is an increase in the average starting pay for almost all the disciplines. This is based on statistics that was shown by the National Association of College and Employers or NACE.  Based on the statistics the average starting pay has gone up for this year. This infographic was brought to you by Open Colleges.

The average starting salary is now at $45,000. This is 5.3% higher than the average starting salary for 2012. The increase is not uniform among the various disciplines. There are some fields that experienced a huge jump, while there are those that barely moved. Here is a list of the various disciplines and the average starting pay for this year and for 2012 on those fields:

  • Humanities and Social Sciences :   2012 Average Starting Salary- $36,371, Present Average Starting Salary- $37,058
  • Math and Sciences:  2012 Average Starting Salary-  $41,430, Present Average Starting Salary-  $42,724
  • Communications :   2012 Average Starting Salary- $41,550, Present Average Starting Salary-  $443,145
  • Engineering :   2012 Average Starting Salary-  $60,151, Present Average Starting Salary- $62,535
  • Computer Science :   2012 Average Starting Salary-  $57,529, Present Average Starting Salary- $59,977
  • Education :   2012 Average Starting Salary-  $38,524, Present Starting Salary-  $40,480
  • Business :    2012 Average Starting Salary- $50,633, Present Average Starting Salary-  $54,234
  • Health Sciences :  2012 Average Starting Salary-  $45,442, Present Average Starting Salary-  $49,713

This is a good indication for those in colleges today since it gives some assurance that the chances are good that they can land a high paying job. But that’s where the bad news comes in. The bad news is that while the average starting salary is increasing in various industries, the unemployment rate for college graduates is also on the rise.

Statistics that appeared on the Digest of Education of the NCES shows that the unemployment rate for BA holders is now at 7.5% and when you compare that with the unemployment rate from other periods, that’s noticeably higher.  More than twenty years ago, the unemployment rate for college grads was just at 3.14%. That figure rose to 4.96% back in 2000 and then went down a bit to 4.51% in 2008.

Another bad news for many college students and BA holders is the fact that the percentage of college grads getting jobs after one year they graduate is also dropping. Here are some figures for your comparison:

  • 1990-73.76% BA Holders Employed After 1 Year of Graduation
  • 2000- 76.53% BA Holders Employed After 1 Year of Graduation
  • 2008 -65.02% BA Holders Employed After 1 Year of Graduation
  • balinderk2000 says:

    i will be moving to virginia with my boyfriend. i put on a dog resort, had a call back the following day, so we scheduled an evaluation day that i can go lower. basically get the task, however that it is only 8 dollars an hour or so that is under i make now and that i have no idea basically can survive by myself with this. could it be okay to request for any greater beginning pay? and when so, just how much could be acceptable?

    September 4, 2013 at 10:49 am
  • krow147 says:

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    September 6, 2013 at 10:30 am
  • Jonny says:

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    October 1, 2013 at 9:40 pm
  • nasty1 says:

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    October 6, 2013 at 10:55 pm
  • Dom L says:

    I have just began yoga today utilizing a website, but I must know some books I possibly could buy about beginning yoga. Also, is my back designed to hurt just from SITTING? I understood I had been in poor condition but Seriously. Ouch. Assistance is appreciated!

    October 22, 2013 at 7:37 am
  • Xedo says:

    I am highly interested in Medical device sales and am wanting to know which is the most lucrative device to sell? I have been recommended Ortho Recon / Trauma and Orthopaedic Biolologics but don’t know if being in the OR interest me very much. Also, does obtaining a RMSR Certicate better than going to Medical Sales College in Colorado?

    October 22, 2013 at 7:37 am
  • Clayton Cottrell says:

    I have been employed by annually now. I graduated having a marketing major. Just how much should a 24 make with an advertising and marketing major? I’m employed in print production but searching for somthing in marketing area.

    October 22, 2013 at 1:20 pm
  • cardskid22 says:

    I wish to be considered a Marshal or FBI,or perhaps a Detective, however i have no idea what college to appear too or perhaps what classes to consider?

    October 23, 2013 at 2:26 am
  • henryshensbcglobalnet says:

    If you discover employment that pays double greater than the main one you had been just hired at and they would like to hire you, would there be any issues with giving up the low pay job? What will be the best wya to carry out it?

    October 23, 2013 at 3:25 am
  • clntvrrt says:

    I understand that my talent is writing, but I am unsure what type of living I’m able to make from that. After I visit college in 3 years, what type of degree must i get? What type of demand can there be for jobs such as these?

    October 23, 2013 at 4:26 am
  • Matthew says:

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  • Arminator says:

    I’m wondering what you would need to do for school to become vet tech in colonial. My home is ri, and i must stay near to my loved ones. Is also there any college which has a vet tech program near ri?

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    November 5, 2013 at 6:20 am
  • Benihana says:

    I’m excellent at math also it comes easily in my experience. I’m proficient at problem fixing and dealing with individuals. I do not have trouble with working in a desk but it might be nice when the job involved some outside activity. I’m good with computer systems and technology. I’ve very good writing abilities. I’m merely a sophomore in Senior high school, but my grades are extremely good. Wages are an issue therefore if possible posting salary ranges could be useful. I’m available to any suggestions so please produce ideas!

    November 16, 2013 at 6:07 pm
  • Austin says:

    What’s the average beginning salary for college students who graduate with levels in Accounting/Finance and go onto work within the Large 4 accounting firms?

    November 17, 2013 at 12:04 pm
  • arronwrath says:

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    December 4, 2013 at 8:33 am
  • Scott W says:

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    December 10, 2013 at 3:48 am
  • MentallyCryppled says:

    Which three from the following qualities happen to be recognized through the National Association of Schools and Companies included in the top ten characteristics companies seek within their employees?

    working together abilities

    communication abilities

    versatility

    ethics

    December 12, 2013 at 6:09 pm
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    February 9, 2014 at 12:58 pm

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