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What is the average salary for college graduates?

The national average salary for college graduates (overall) has remained steady over the last few years at around $50,000 to $60,000. Business, mathematics, health science, engineering, and computer science majors are shown to make a higher average salary at between $52,000 and $71,000 per year.

Is a college education worth the cost?

Is college worth it? Even with tuition on the rise, the Federal Reserve says that college is still a good investment with graduates earning an average of $78,000 per year. A college education still leads to premium earnings in comparison to a high school diploma.

What college has the highest average salary after 10 years?

Massachusetts Institute of Technology (MIT) is ranked the 6 th best college in America but has the graduates earning the best average salary after 10 years, $91,000. This world-renowned engineering school has 22% of undergraduates go on to get jobs in their field of study.

How do I get the best salary after college?

Similar to previous entries, technology degrees vary widely and not all positions follow these numbers. Knowing your own worth is the best way to ensure you get the best salary possible after college. The more information and data you collect on salaries within your career field, the better position you're in during an interview.

Average Starting Salary for College Graduates

The average salary in 2021 for college graduates is $55,260, according to a National Association of Colleges and Employers (NACE) survey. This figure is 2.5% higher than the starting salaries of the past year. Technical majors have the highest starting salaries with an average starting salary of $87,989 for petroleum engineers.

Looking At College as An Investment

Overall, college is seen as an investment in a person’s future. The return on that investment is shown in many ways and is affected by several factors. Three factors that will dictate the success of that investment include sex, educational institution attended, and the level of education that is pursued.

Men vs Women

When looking at the role that the sex (biologically speaking) of a graduate has on salary, these figures reflect earnings throughout a graduate’s complete career (average of around 40 years).

By Educational Institution

Degrees earned by certain institutions carry more prestige, clout, and respect than others and it is shown in the salary. There is much to be said about starting average salaries for those who have recently graduated from prestigious colleges and universities, but the true value of an investment is shown in long-term results.

By Education Level

Education level is another major factor at play when it comes to the average salary for a college graduate. As the level of knowledge grows, so do the earnings that an individual can expect to make.

How to get the best salary after college?

Knowing your own worth is the best way to ensure you get the best salary possible after college. The more information and data you collect on salaries within your career field, the better position you're in during an interview. Look online for free salary calculators or check Indeed's Salary Guide for more information on your field. You can also consult your academic advisor or career office. Other tips include: 1 Internships and other forms of early work experience make more competitive resumes. Many graduates leave college with little or no work experience. If you completed any volunteer work during your time there, you have a competitive edge. You may even be considered for higher salaries as well since you're immediately more valuable. Look for additional opportunities as they come and put all of this information within your resume. It proves to hiring managers you are highly qualified. 2 When considering your first offer, think beyond the initial salary. For example, ask about the potential for advancement, consider what your overall satisfaction at this company might be and weigh the benefits and drawbacks of the work and personal life balance they provide.

How much do people with bachelor's degrees make?

Additionally, The Bureau of Labor Statistics found that United States citizens with bachelor's degrees take home about $1,173 on average each week. Those with only high school diplomas earn an average of only $712 per week in comparison.

How much does a business major make?

Business majors reside on the lower end of the starting salary spectrum with most salaries ranging much closer to $60,000. This is much lower than many business majors expect to make after high school, even with an MBA.