From Deseret News archives:

Utah low for grad salaries

Published: Wednesday, Jan. 4, 2006 8:43 p.m. MST
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Many of Utah's recent college graduates are earning less per year than the state average of $32,171, according to a study comparing 2004 graduate earnings.

The Utah Foundation compared salaries of graduates from seven Utah colleges and found 40 percent to 69 percent of students who have a bachelor's degree earn less than $30,000 a year.

Mark Knold, senior economist for the Utah Department of Workforce Services, isn't surprised by the foundation's findings.

"Some degrees are a dime a dozen," he said. "Most people don't put a lot of thought into the degree they get. Later, they find there's not a big demand for something in which they have invested a lot of time and money."

Utah Valley State College's 2004 graduates are the most likely to earn more than $40,000 a year while 69 percent of Southern Utah University's graduates earn less than $30,000.

"UVSC graduates are much more likely to have studied business, computer science or other high-paying career-oriented subjects — giving them a statistical edge in salary rankings," said Richard Pak, the foundation research analyst who led the survey.

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Brigham Young University has the next highest percentage of students, 55 percent, earning less than $30,000 a year while the University of Utah and Utah State University are tied, at 51 percent.

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