The National Association of Colleges and Employers just released a report on the starting salaries of college graduates.
Here are some highlights from the April 2013 report:
• Business majors had an average starting salary increase of 7.1%, from $50,633 in 2012 to $54,234 in 2013. The specific majors that saw particularly high increases were finance, international business, and hospitality services management.
• Communication majors saw an increase of 3.8%, from $41,550 to $43,145.
• Students who majored in computer science-related fields saw starting salary increases of 4.3%, from $57,529 last year to $59,977 this year.
• The five industries this year that showed the highest number of new graduate entrants were: Educational Services (455,400 new entrants), Professional Scientific and Technical Services (307,900 new entrants), Healthcare and Social Assistance (274,300 new entrants), Federal, State, and Local Government (203,500 new entrants), and Finance and Insurance (100,200 new entrants).
• Top paying industries for 2013 new entrants are: Mining, Quarrying, and Oil and Gas Extraction ($84,182 average starting salary), Management of Companies and Enterprises ($56,955), Construction ($56,837), Manufacturing ($55,084), and Finance and Insurance ($52,875).