Starting salaries for recent college graduates is increasing, study says

Published: Wednesday, May 1 2013 8:12 a.m. MDT

Graduates listen to a commencement address during LDS Business College's 126th commencement ceremony in the Tabernacle on Temple Square in Salt Lake City on Friday, April 12, 2013. According to a study, starting salaries for college graduates increased between 2012 and 2013.

Kristin Murphy, Deseret News

Enlarge photo»

College graduates with bachelor’s degrees have a ray of hope as they step out of the collegiate world.

Starting salaries have increased 5.3 percent for new graduates in the past year, according to a study by the National Association of Colleges and Employers.

On average, the starting salary for graduates was $42,666 in 2012. In 2013 the average starting pay is $44,928.

Health science jobs had the highest increase in salaries. The 9.4 percent increase drove the average up to $49,713. Business grew 7.1 percent to $54,234; education increased 5.1 percent to $40,480; and computer science increased 4.3 percent to $59,977.

From the areas surveyed, engineers made the most money on average, $62,535, which was a 4 percent increase. Salaries for humanities and social sciences had the smallest increases.

Although wages for bachelor's graduates are increasing, people are still concerned about the amount of students that actual make it to graduation, according to an article by The Atlantic.

Only 9 percent of college students from the poorest families achieve degrees, according to the article. Those from wealthier families are much more likely to finish. On the other hand, 54 percent of those who start college from wealthy families will finish.

EMAIL: alovell@deseretnews.com

Get The Deseret News Everywhere

Subscribe

Mobile

RSS