College Hiring a Mixed Bag
While employers projected they would hire lots of new grads in 2013, those promises aren’t shaping up to be reality.
The National Association of Colleges and Employers (NACE) surveyed 1,006 employers to find that hiring is expected to remain relatively flat.
Employers told NACE they will hire 2.1 percent more new college grads from the Class of 2013 than they hired from the Class of 2012. That’s down from the 13 percent increase they projected in the fall of 2012.
In addition, nearly half say they plan to hire more new grads from this class than from the 2012 class, but more than one-third report plans to hire fewer new grads than they did a year ago.
There is better news when it comes to pay. Starting salaries are rising across the board for most college disciplines, according to another survey from NACE.
Petroleum engineering majors received the top starting salaries with an average of $93,500, nearly $22,000 more than the second highest-paid major, computer engineering at $71,700.
The top-paid non-engineering majors are computer science, with an average starting salary of $64,800, followed by management information systems/business ($63,100) and finance ($57,400).
“Engineering majors are consistently among the highest paid because the demand for them is so great,” says Marilyn Mackes, NACE executive director.