Friday, April 9, 2010
New college grads to make less $$$
This article talks about the fact that current college graduates are going to get paid less money compared to last year. The difference is that college grads this year are having more job opportunities but getting paid a lot less. The average salary for students who have Bachelors degrees are down 1.7% which equates to $47,673 compared to $48,515 in 2009. For students who have liberal arts degrees, there average salary declined the most with 8.9% which is around $33,540. When it comes to specific areas business management went down 8% to $42,094 and jobs in the marketing field are down 2.1% which is $42,710. On the more positive side technical degrees are in high demand with computer related degrees increasing to 5.8% to $58,745, as well as electrical engineering increasing 3% to $59,326. One surprise is both salary's for finance majors and accounting students are slowing increasing at 1.6% and 0.4%.
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I hope seniors aren't reading this article. The interesting part of the shift in job demand from the "usual" jobs to more technical jobs. I am also surprised by the demand increase with finance and accounting majors, but I guess they are needed for firms who want to be financially sound.
ReplyDeleteAnthony,
ReplyDeleteI read this :( I assumed this was going to happen. I also heard on the radio the other day that jobs available to mostly high school and college students are also going to be hard to find, since people who used to work full time are now desperate for any type of job, and will now start taking jobs usually meant to students.
The job industries are also changing. Jobs working with energy resources are in high demand and also pay quite a bit. Jobs in the health care industries are also in high demand.
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