Although members of the college class of 2012 still face a bleak economy when they graduate, a new report offers hope in terms of better employment numbers and median starting salaries than previous years.
According to a survey based on companies and collected by the National Association of Colleges and Employers indicates this year’s class will get hired more, paid more, and have a higher median starting salary.
As pointed out in the press release, companies indicated they’re going to hire approximately 10.2 percent more graduates this year compared to recent years in the past. Plus, overall the median salary will increase by 4.5 percent compared to last year (the median starting salary will be $42,569).
Marilyn Mackes, NACE executive director, stated as per the release, “The overall median salary increase is the result of gains throughout most sectors. Even in those sectors that showed decreases in median starting salaries, the dips were very slight.”
Here’s the good news for mass media students: Communications majors have gotten the second most significant increases to their median salaries during the past year.
Education majors surpassed communications students in this facet but technically second place isn’t too shabby: Class of 2012 communications majors will have a 3.8 percent increase in their median salary compared to Class of 2011 graduates. It increased to $40,022 from $38,549.