Monday, February 1, 2021

What is a good entry level salary?

 entry level salary

Recent college graduates in the U.S. earned an overall average starting salary of $50,944, according to the Summer 2019 Salary Survey report by the nonprofit National Association of Colleges and Employers (NACE).

The report draws on data reported by approximately 350 colleges and universities nationwide, provided by more than 82,850 graduates with bachelor's degrees.

The average starting salary for Class of 2018 grads increased less than 1 percent from the overall average of $50,516 posted for the Class of 2017, indicating "the sluggish growth in salaries for new college graduates in recent years," NACE reported. The overall average starting salary for new college graduates is up just 1.4 percent from the Class of 2015's average of $50,219.

An early look at salary offers for 2019 college undergraduates, released by pay consultancy Korn Ferry in May, showed that Class of 2019 graduates with bachelor's degrees will earn on average $51,347 annually—about 2 percent more than the 2018 average of $50,390. Korn Ferry researchers analyzed salaries of 310,000 entry-level positions from nearly 1,000 organizations across the U.S.

Top-Earning Majors

For the last three years, computer science graduates have been the top earners among all disciplines, and this remained true for the Class of 2018, NACE reported.

Starting Salaries by Discipline for Class of 2018 Bachelor's Degree Graduates


Undergraduate
 Major
Average Starting Salary for the Class of 2018Average Starting Salary for the Class of 2017Change
Computer science$71,411$72,677-1.7%
Engineering$66,638$65,539+1.7%
Math and statistics$61,709$60,631+1.8%
Health sciences$52,076$53,872-3.3%
Business$52,040$52,456-0.8%
Social sciences$46,797$46,707

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