Wednesday, December 5, 2012

Job market 2

One specific section of the MSU annual Recruiting Trends report was starting salaries.
Of the around 2,000 companies and employers who responded, 73 percent said they don't expect to raise salaries this year, but on the other hand, less than 2 percent expect to lower starting salaries.
Looking at the table of employers who contributed to the report, the average starting salary is about $37,000 per year.
The highest-paying average starting salary for a bachelor's degree is electrical engineering, paying about $52,000 per year, according to the report.
For engineers with a professional degree, average starting salaries are about $71,000.
The lower end of the spectrum features social work, psychology, multimedia design, broadcasting and anthropology/sociology, all hovering around $34,000.
Although the numbers might seem low, nearly one-fifth of employers in the report said the expect to start new employees with a low salary, only to add employment incentives and pay raises after 12 months of working there.
"The average salaries account for base salary only, and do not include signing bonuses, estimated commissions, or other salary incentives," the report stated.
The section of the report finished up with a reminder to students saying that low salaries are typical for students who just finish up college. The report said those with low levels of experience receive low levels of pay.

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