Lots of people ask themselves “What is a good salary for a college graduate?” when they want to know the average salary. It takes at least four years to complete a degree in college. College graduates don’t just become more employable, but also are likely to earn higher incomes than those who only have high school certificates. People will go to whatever lengths necessary to obtain such degrees, even if that means dealing with whatever obstacles come their way. For instance, many can no longer afford to send their kids to college, even if they truly desire this for them since it can be too expensive for the family.
There are a number of factors that go into determining the “good salary” for a college graduate. The most important factor is the type of degree you’ve earned and what field you’re working in.
For example, if you’ve earned your degree in engineering, then you can expect to earn about $50,000 at the beginning of your career. A marketing major with an undergraduate degree might make between $40,000 and $50,000 a year as well. However, if you have a liberal arts degree with no work experience, you may be able to make as little as $25,000 per year.
If you’re considering going back to school or continuing your education after graduation, it’s important to consider how much money you’ll need to pay off debt from loans or credit cards. You’ll also need money for living expenses while attending school full time.
What is a good salary for a college graduate
Introduction
Ingraduating from college, there is an excitement of entering a new chapter and the stress that comes along with it. With so many things to consider when making decisions for your future, what salary you will be earning is one of them. We are going to answer how much money you can expect as a starting salary in your chosen field, as well as give some tips on how negotiate your first salary once you have received an offer.
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A $40,000 salary may not sound impressive to a recent college graduate, but that’s the average starting pay for a bachelor’s degree holder.
If you’re a recent college graduate, $40,000 may not sound like much. But that’s the average starting salary for someone who holds a bachelor’s degree—and it’s nearly double the average starting pay for high school graduates, which is about $25,000.
- Source: PayScale
Whether you’re considering a job offer or negotiating your compensation, knowing what salary to aim for can help you set an appropriate goal.
Whether you’re considering a job offer or negotiating your compensation, knowing what salary to aim for can help you set an appropriate goal. There are many factors that inform your salary expectations, including:
- Your level of experience and expertise
- The industry in which you work
- The geographic location of the position
But there’s another important consideration—your peers. Learning what others in similar roles make can help give you insight into whether your current salary is fair or whether it’s time to negotiate for more money.
Salaries vary significantly depending on the region and field of work.
Salaries vary significantly depending on the region and field of work. In general, salaries also increase over time. For example, a new grad fresh out of college will make less than an experienced employee with years of experience in that field. But if you’re considering entering a career field that has a lot of demand (and therefore high salaries), it’s worth working hard to get the experience you need to command those higher wages later on!
Engineering and computer science majors were two of the highest-paid majors in 2017, with a median starting salary of $64,891, according to the National Association of Colleges and Employers (NACE). NACE also reported that, among graduates from the class of 2017 who took jobs in engineering, petroleum engineers topped the list with a median annual salary of $80,000.
NACE is a non-profit organization that provides information to students and employers. It’s mission is to “connect students and employers through trusted relationships, high-quality career services, and industry-recognized standards”.
The National Association of Colleges and Employers (NACE) released its annual salary report on April 16th, 2019.
This report shows that engineering and computer science majors were two of the highest-paid majors in 2017, with a median starting salary of $64,891. These graduates also had some of the lowest unemployment rates: just 2% for engineers; 3% for computer science majors.
Among graduates who took jobs in engineering during their senior year at college between May 2016 and May 2017 (the class of 2017), petroleum engineers topped the list with a median annual salary of $80,000 followed by mechanical engineers making $78,000 per year according to NACE data collected by Payscale Inc., which provides compensation data on more than 2 million professions worldwide including base pay along with other compensation such as bonuses/incentives or benefits packages where applicable but does not include equity/stock options grants (which are usually only available after several years); bonuses may also vary due to performance conditions being met).
According to NACE’s 2018 Salary Survey report, business majors earned a median starting salary of $50,200 — which was higher than any other major besides computer science and engineering.
- According to NACE’s 2018 Salary Survey report, business majors earned a median starting salary of $50,200 — which was higher than any other major besides computer science and engineering.
- Business majors also have some of the highest median salaries overall: $66,000 five years after graduation.
If you’re looking to increase your chances of earning more money after graduation, consider pursuing a degree in business or related fields.
Knowing what salaries others in similar positions are making can help you determine whether your offer is competitive.
Many people are looking to increase their salary and make more money, but they don’t know how or where to start. A good way to find out how much you should be making is by researching what others in similar positions are getting paid. This will give you a better idea of what a competitive offer would look like. You can also ask recruiters and hiring managers at your target workplace what the range of salaries is when you’re negotiating your offer or salary during an interview.
Conclusion
The answer to this question depends on many factors. What degree you choose, which school you attend, and in what city or state you live can all affect how much money a college graduate makes. Consider these things before making the decision to go back to school so that it doesn’t end up being too expensive for you in the long run.
