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Average salaries up for new college graduates


Monday, September 17, 2012
Despite a struggling economy, many students are graduating from college, finding employment and making more money than those who graduated one year earlier.

The salaries for 2012 college graduates have increased compared to those of 2011 graduates across all broad categories, according to the National Association of Colleges and Employers' September 2012 Salary Survey.

Overall, the average annual salary for the class of 2012 rose 1.7 percent, from $43,521 to $44,259. The biggest changes – an increase of 2.2 percent – were observed in the disciplines of business and communications. Engineering saw growth of 1.9 percent and education experienced a 1.6 percent jump in average salary.

Meanwhile, the two industries currently paying the highest starting salaries to employees who hold a bachelor's degree are management of companies and enterprises and manufacturing. These salaries are going to recent graduates regardless of their college major.

While you should never select your college major based solely on how much money you might make, there is no reason not to take the potential salary into consideration. After all, pursuing a college degree is a significant investment of both time and money. If you take out student loans, which will have to be repaid, it is a good idea to have a sense of how much you could be making after you graduate. ADNFCR-16000756-ID-800864325-ADNFCR

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