Every new college graduate who will be leaving the comfort of campus this June wants to know what the job market will hold for them over the few months or even a few years that subsequently follow. And while no one can truly predict exactly what will happen, the National Association of Colleges and Employers (NACE) has put out several reports that can help a new or soon-to-be college graduate get a handle on what to expect in 2010 when it comes to their career outlook.
Lower Average Starting Salaries in 2010
The starting salaries for the graduating class of 2009 averaged $49,353. However, this year’s graduating class will likely see about a two percent decline according to NACE. Part of the reason, say the experts, is that there is a decreased demand for college graduates. In fact, a survey conducted by NACE last August indicated about a seven percent decrease in the hiring of college grads (see the section below).
Now while this two percent decline is an overall average, there are certain college majors that are not likely to see this large of a decrease. Finance, accounting and business administration or management majors are expected to lose less than one percent on their starting salaries, while computer-related and engineer graduates will likely post an increase.
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