SALARY SURVEY. Average Salary Offers on the Rise. A study of beginning offers

Transcription

1 A study of beginning offers SALARY SURVEY WINTER 2011 Volume 50 Issue 1 62 Highland Avenue Bethlehem, PA / Average Salary Offers on the Rise For the first time since 2008, a college class is beginning the year with an average starting salary offer that is on the rise. The overall average salary offer to the Class of 2011 is $50,034, up 3.5 percent from the overall average offer of $48,351 reported last winter for the Class of The last time there was a gain in starting salary over the previous year occurred when the Class of 2008 saw an average starting salary offer that was 4 percent higher than that made to the Class of Job Outlook 2011 survey was 3.3 percent, similar to the increase seen in this report. While not all categories of majors posted increases to their average salary offers, the increases seen in the Winter Salary Survey report far outweigh the decreases. In fact, it s nearly a complete turnaround from last year. Sixty-seven percent of disciplines posting a change this year are showing an increase. Last year, the opposite was true as 63 percent of disciplines indicating a change to staring salary offers were projecting them to be decreases. For the Class of 2011, this is just the latest sign of improvement in the college job market. Employers responding to NACE s Job Outlook 2011 Fall Preview survey indicated they planned to hire 13.5 percent more new college graduates from the Class of 2011 than they did from the Class of In addition, nearly half of all employers responding to the Job Outlook 2011 survey revealed plans to increase starting salaries to bachelor s degree graduates; just 29.2 percent of respondents reported plans to increase starting salaries to graduates. And, while it is still early in the current reporting year, the average planned increase to starting salaries has remained consistent. The average increase indicated by employers in the Figure 1: Top Jobs for Bachelor s Degree Graduates* Job Function Average Salary Offer Accounting (Private) $50,708 Consulting $59,933 Accounting (Public) $45,395 Financial/Treasury Analysis $52,689 Sales $42,162 Investment Banking (Sales & Trading) $65,291 Management Trainee (Entry-Level Mgmt.) $43,279 * Where more than 20 offers were reported Among the disciplines, business majors fared the best. Not only did nearly half of all offers in this report fall in the business category, but as a group, these graduates also showed a solid increase to their average starting salary offer. In last year s Winter 2010 Salary Survey report, the average salary offer for business graduates was down 1 percent to $47,187; this year s average offer was almost 2 percent higher at $48,089. Accounting majors saw one of the better increases to their average salary offer, which rose 2.2 percent to $49,022. In addition, two of the top three jobs for all bachelor s degree majors in this report were for private and public accounting positions. (See Figure 1.) The demand for graduates with accounting degrees may be reflected here, as more than 6 in 10 employers responding to NACE s Job Outlook 2011 survey have plans to hire these particular grads. While also in high demand, business administration/management graduates saw a slight decrease to their average starting salary offer, which fell 2.3 percent to $44,171. This decrease can be attributed, in part, to the fact that the position most commonly offered to these graduates was as a management trainee, which averaged just $39,146, well below their overall average. continued on page 20 Copyright 2011 by the National Association of Colleges and Employers No part of this publication may be used, adapted, or reproduced in any manner without written permission.

2 ABOUT THE SURVEY All 2011 issues of Salary Survey will report on salary offers extended to students graduating between September 1, 2010, and August 31, The Winter 2011 Salary Survey contains information received during the period of September 1, 2010, through January 20, In December 2010, Salary Survey participants received reporting packets that prepared them to report data for all 2011 issues of Salary Survey. Schools that participated in the Fall report submitted their data to NACE by January 20, 2011, and are listed on the last page of this report. Schools were required to report the student s major, degree level, salary offer, and graduation date. They had the option of reporting the student s gender, job location, employer type that extended the offer, and the job function. To participate in Salary Survey, please contact Andrea Koncz at , ext. 121 or akoncz@naceweb.org. HOW TO USE SALARY SURVEY Employers may use Salary Survey as a guide for determining salaries for new college hires. It may also be used as a tool for comparing current salaries to the national averages, or to the salaries that similar employers are offering. Colleges may use Salary Survey to counsel students regarding salaries they may have been offered, or to benchmark the salaries that their institution s own students are receiving against national averages. Salary Survey offers averages as well as percentiles, so it is recommended that decisions are based upon as many data points as possible. Also, it is recommended that all sections of the report be used. Job location reports are also available for purchase by employers having multiple locations. For example, these reports allow for comparing salaries in New York to those in Los Angeles. And for reports on salaries based only on target schools, Key School reports may be purchased. Key School reports give the averages by discipline (in aggregate) based upon a group of schools (minimum of six schools). Target hard-to-reach STEM students! Contact John Stritehoff, ext. 125, Salary Survey compiles data from career planning and placement offices of colleges and universities across the United States. The reports consist of starting salary offers made to new graduates by employing organizations in business, industry, government, and by nonprofit and educational institutions. The figures reported are for base salaries only and do not include bonuses, fringe benefits, or overtime rates. Confidentiality is maintained for the individual, the college, and the employer. The number of offers reported in each report is cumulative from the previous September. The offers reported in Salary Survey are a sample of actual job offers made to new college graduates during the recruiting year and do not imply all job offers made to all college graduates. SCOPE AND NATURE OF THE SURVEY Salary Survey reports offers, not acceptances. It does not distinguish between single and multiple offers to individual students and, consequently, offers in the study cannot be equated with actual hires. Also, in as much as the ratio of offers to hires is partially a function of the economic climate, year-to-year ratio comparisons based on survey data would be invalid. In those categories where offers are relatively few, the data should be regarded only as indicative. Salary Survey is available only to members of the National Association of Colleges and Employers and to Salary Survey subscribers, and is intended for their professional use. Salary Survey (ISSN ) is published four times a year in February, April, July, and September by the National Association of Colleges and Employers, 62 Highland Ave., Bethlehem, PA Employment Information Manager: Andrea Koncz Editorial: Kevin Gray Design: Karen Y. Berger Copyright 2011 by the No part of this publication may be used, adapted, or reproduced in any manner without written permission. 2 Salary Survey / Winter 2011

3 TABLE OF CONTENTS Average Yearly Salary Offers Bachelor's Degree Candidates By Curriculum for All Types of Employers...4 By Functional Area for All Types of Employers...6 By Curriculum and Employer...8 Summary by Employer...12 Bachelor's Degree Candidates By Curriculum and Job Function...14 Summary by Job Function...17 Master's Degree Candidates by Curriculum...18 Doctoral Degree Candidates by Curriculum NACE Salary Survey Participants...22 HOW TO READ SALARY SURVEY By Curriculum for All Types of Employers This section shows an overall average salary offer according to the student s major field of study, with no regard to the type of position offered or the type of employer extending the offer. Refer to this section when you want to know the average starting salary offer for a graduate holding a degree in a specific discipline, such as accounting, computer science, mechanical engineering, etc. By Functional Area for All Types of Employers This section shows an overall average salary offer according to the job function offered to the candidate, with no regard to the degree held or the type of employer extending the offer. Refer to this section when you are looking for the average starting salary offer for a particular job function, such as sales, computer programming, process engineering, etc. Starting Salary Offers to All Candidates by Curriculum and Employer This section shows data first by looking at the type of degree held by the student, then according to the type of employer who extended the offer. Refer to this section when you are looking for the average starting salary offer from a specific type of employer to a graduate holding a specific type of degree. For example, use this section to find out the average salary offer consulting firms made to electrical engineering graduates. Data in this section are listed as follows: Bold headings are the curriculum areas, which follow the order shown on pages 4 and 5. Employer types under each curriculum are categorized according to the sector of the economy they fall under with service employers being listed first, followed by manufacturing employers, then by nonprofit/ government employers. Starting Salary Offers to All Candidates by Curriculum and Job Function This section shows data first by looking at the type of degree held by the student, then according to the job function that was offered. Refer to this section when you need information about the average salary offer to a graduate holding a specific type of degree for a specific job function. For example, use this section to find out the average starting salary offer to MIS graduates performing systems analysis work. Data in this section are listed as follows: Bold headings represent the curriculum areas, which follow the order shown on pages 4 and 5. Job functions under each curriculum are listed in the order in which they appear on pages 6 and 7. of Offers Reported When referring to Salary Survey, it is important to consider the number of offers that each average salary represents. Averages with a low number of offers should be viewed with caution. Areas typically containing a low number of offers at the bachelor s degree level are communications, health sciences, home economics, and humanities and social sciences (liberal arts). The number of offers reported can be low for a variety of reasons. In some instances, the number of degrees awarded to a particular major is low, thereby making data scarce for the group. In addition, because Salary Survey reports up-to-the-minute salary offers (e.g. those being extended to the current graduating class), those majors that typically don t find employment until after graduation may not be represented in the report. Furthermore, other graduates, such as teachers and healthcare workers, have more of a direct path to a job, so they are less likely to be involved in the campus recruiting program, and thereby less likely to report their salary offers. Copyright 2011 by the No part of this publication may be used, adapted, or reproduced in any manner without written permission. Salary Survey / Winter

4 Average Yearly Salary Offers Bachelor s Degree Candidates (Data Combined for Men and Women) Percent Change Of Offers Average $ Offer In $ Offers From By Curriculum For All Types January January January January Percentiles Of Employers th 50th 75th AGRICULTURE & NATURAL RESOURCES MAJORS Agricultural Business & Management 8 $36,370 $41,093 * * * * * Animal Sciences 3 29,333 28,250 * * * * * Conservation/Renewable Natural Resources 1 29,120 35,667 * * * * * Plant Sciences ,287 * * * * * Other Agricultural Sciences 4 36,511 15,000 * * * * * BUSINESS MAJORS Accounting ,022 47, % $45,000 $48,000 $55,000 Actuarial Science + + N/A * * * * * Business Administration/Management ,171 45, ,800 45,000 52,761 Business Systems Networking/Telecommunications 5 58,100 50,250 * * * * * Economics (Business/Managerial) 48 53,453 52, ,000 55,000 65,000 Finance ,535 49, ,000 52,500 60,000 Hospitality Services Management (incl. hotel/motel/restaurant mgmt.) 6 35,917 30,917 * * * * * Human Resources (incl. labor/industrial relations) 9 49,944 35,125 * * * * * International Business 15 35,600 46,621 * * * * * Logistics/Materials Management 81 50,634 49, ,000 50,000 55,000 Management Information Systems/Business Data Processing 49 54,687 47, ,000 55,000 60,000 Marketing/Marketing Mgmt. (incl. mktg. research) 82 41,948 42, ,000 40,385 50,000 COMMUNICATIONS MAJORS Advertising ,750 * * * * * Broadcast Journalism ,000 * * * * * Communications 22 32,945 32,193 * * 26,000 32,000 40,000 Journalism 10 34,120 45,000 * * * * * Public Relations/Organizational Communications ,286 * * * * * COMPUTER SCIENCES MAJORS Computer Programming + + N/A * * * * * Computer Science 48 61,783 61, ,000 60,000 74,500 Computer Systems Analysis 3 48,333 N/A * * * * * Information Sciences & Systems 11 49,318 54,038 * * * * * EDUCATION MAJORS 1 Elementary Teacher Education 5 28,494 29,718 * * * * * Physical Education Teaching/Coaching 1 50,000 25,033 * * * * * Pre-Elementary Teacher Education 2 29,948 26,167 * * * * * Secondary Education 2 34,009 37,439 * * * * * Special Education 3 46,400 40,000 * * * * * Specific Academic/Vocational Teacher Education 5 34,092 17,160 * * * * * ENGINEERING MAJORS Aerospace/Aeronautical/Astronautical Engineering 8 60,188 57,231 * * * * * Agricultural Engineering 2 38,250 60,000 * * * * * Architectural Engineering 1 60,000 41,000 * * * * * Bioengineering & Biomedical Engineering 16 54,771 62,125 * * * * * Chemical Engineering 85 64,641 65, ,000 65,000 67,548 Civil Engineering 41 48,885 52, ,560 50,000 55,000 Computer Engineering 17 59,298 60,879 * * * * * Electrical/Electronics & Communications Engineering 43 61,690 59, ,000 61,500 66,000 N/A - No historic data available. 1 Further information on starting salaries for education majors is available from AAEE. 4 Salary Survey / Winter No offers reported. ** Not computed if number of offers is fewer than 20 for current or previous year. Continued...

5 Average Yearly Salary Offers Bachelor s Degree Candidates (Data Combined for Men and Women) Continued... Percent Change Of Offers Average $ Offer In $ Offers From By Curriculum For All Types January January January January Percentiles Of Employers th 50th 75th Engineering Technology 12 $49,833 $50,643 * * * * * Environmental/Environmental Health Engineering 2 68,500 63,500 * * * * * Industrial Production Technologies ,333 * * * * * Industrial/Manufacturing Engineering 28 56,369 57, % $46,000 $56,500 $64,000 Materials Engineering 5 59,000 59,125 * * * * * Mechanical Engineering ,598 58, ,000 60,000 65,000 Metallurgical Engineering (incl. ceramic science/eng.) 1 63,000 58,250 * * * * * Mining & Mineral Engineering (incl. geological) 6 62,607 64,552 * * * * * Nuclear Engineering (incl. engineering physics) + + N/A * * * * * Ocean Engineering + + N/A * * * * * Petroleum Engineering 1 90,000 86,220 * * * * * Software Engineering 3 50,333 N/A * * * * * Systems Engineering 17 59,031 56,958 * * * * * Textile Sciences & Engineering + + N/A * * * * * HEALTH SCIENCES MAJORS Health & Related Sciences 15 35,869 30,522 * * * * * Nursing 21 52,178 47, ,200 47,610 57,000 HOME ECONOMICS MAJORS Clothing/Apparel/Textile Studies (incl. textile science) 12 44,192 37,863 * * * * * Home Economics 5 32,598 30,579 * * * * * HUMANITIES & SOCIAL SCIENCES MAJORS Criminal Justice & Corrections 10 39,600 19,300 * * * * * English Language & Literature/Letters 7 28,603 28,430 * * * * * Foreign Languages & Literatures 1 52,000 34,770 * * * * * History 11 33,907 44,613 * * * * * Liberal Arts & Sciences/General Studies 11 43,609 34,996 * * * * * Political Science/Government 7 45,214 33,297 * * * * * Psychology 21 37,714 29, ,000 32,000 55,000 Social Work 1 27,500 24,270 * * * * * Sociology 10 30,456 29,031 * * * * * Visual & Performing Arts 14 29,726 28,711 * * * * * Other Humanities 2 27,500 27,500 * * * * * Other Social Sciences 19 34,184 38,056 * * * * * PARKS, RECREATION, LEISURE & FITNESS MAJORS Parks/Recreation, Leisure/Fitness Studies & Related Programs 6 43,333 17,500 * * * * * SCIENCES MAJORS Architecture & Related Programs 2 44,550 41,747 * * * * * Biological Sciences/Life Sciences 10 41,697 28,664 * * * * * Chemistry 7 39,768 29,333 * * * * * Construction Science/Management 15 44,548 50,925 * * * * * Environmental Sciences/Studies ,750 * * * * * Geological & Related Sciences ,000 * * * * * Mathematics (incl. statistics) 8 61,163 43,161 * * * * * Physics 1 54,297 34,900 * * * * * Other Physical Sciences ,500 * * * * * 1,518 N/A - No historic data available. 1 Further information on starting salaries for education majors is available from AAEE. + No offers reported. ** Not computed if number of offers is fewer than 20 for current or previous year. Salary Survey / Winter

6 Average Yearly Salary Offers Bachelor s Degree Candidates (Data Combined for Men and Women) Percent Change Of Offers Average $ Offer In $ Offers From By Functional Area For All January January January January Percentiles Types Of Employers th 50th 75th COMMUNICATIONS Design/Graphic Arts 1 $28,500 N/A * * * * * Media Planning + + $45,000 * * * * * Production (Communications) ,000 * * * * * Public Relations 5 29,677 39,000 * * * * * Reporting ,667 * * * * * Writing/Editing ,667 * * * * * COMPUTERS Computer Programming 8 64,563 59,582 * * * * * Network Administration 3 49,060 48,400 * * * * * Systems Analysis & Design 13 53,654 51,115 * * * * * Technical/Computer Support 7 56,500 46,900 * * * * * Other Computer Related (NEC) 7 44,929 52,166 * * * * * ENGINEERING Bioengineering 1 64,000 50,000 * * * * * Design/Construction Engineering 12 49,164 55,531 * * * * * Environmental/Sanitation Engineering 4 34,974 50,250 * * * * * Field Engineering 9 56,111 56,946 * * * * * Hardware Design & Development 4 56,719 56,012 * * * * * Industrial Hygiene/Occupational Safety Engineering 1 55,000 N/A * * * * * Manufacturing/Industrial Engineering 20 55,583 60, % $49,968 $55,000 $61,000 Power Systems Engineering 9 57,044 61,410 * * * * * Process Engineering (Chemical) 16 66,600 66,445 * * * * * Production Engineering 19 59,457 65,008 * * * * * Project Engineering 20 56,033 59, ,000 54,000 63,000 Quality Control Engineering ,300 * * * * * Research & Development Engineering 4 59,143 54,378 * * * * * Software Design & Development 19 63,384 70,569 * * * * * Systems/Programming Engineering 4 59,500 59,063 * * * * * Testing Engineering 4 70,875 57,503 * * * * * Other Engineering (NEC) 49 61,470 64, ,373 61,600 66,000 FINANCE Accounting (Private) 60 50,708 46, ,500 50,000 55,000 Accounting (Public) 52 45,395 48, ,000 46,500 50,000 Auditing (Private) 7 47,786 46,885 * * * * * Auditing (Public) 17 47,171 50,056 * * * * * Commercial Banking (Consumer) 7 27,674 33,642 * * * * * Commercial Banking (Lending) 4 41,025 29,033 * * * * * Financial/Treasury Analysis 48 52,689 52, ,000 52,500 57,500 Insurance (Claims) ,100 * * * * * Insurance (Underwriting) 3 37,667 55,000 * * * * * Investment Banking (Corporate Finance) 19 54,505 53,483 * * * * * Investment Banking (Mergers & Acquis.) + + N/A * * * * * Investment Banking (Real Estate) + + N/A * * * * * Investment Banking (Sales & Trading) 43 65,291 62,105 * * 65,000 70,000 70,000 Portfolio Management/Brokerage 1 44,000 45,000 * * * * * HEALTHCARE Administrative (Healthcare) 1 24,000 25,000 * * * * * Dietitian + + N/A * * * * * Medical Technology ,000 * * * * * Occupational Therapy + + N/A * * * * * Pharmacist 1 32,000 24,000 * * * * * Physical Therapy 1 48,000 18,480 * * * * * Radiation Therapy + + N/A * * * * * Registered Nurse 14 46,159 47,509 * * * * * Respiratory Therapy + + N/A * * * * * Speech Pathology/Audiology ,000 * * * * * Other Health Related (NEC) 2 36,500 25,794 * * * * * N/A - No historic data available. + No offers reported. ** Not computed if number of offers is fewer than 20 for current or previous year. 6 Salary Survey / Winter 2011 Continued...

7 Average Yearly Salary Offers Bachelor s Degree Candidates (Data Combined for Men and Women) Percent Change Of Offers Average $ Offer In $ Offers From By Functional Area For All January January January January Percentiles Types Of Employers th 50th 75th Continued... MARKETING Advertising + + $39,800 * * * * * Brand/Product Management 13 $47,846 50,383 * * * * * Buyer/Merchandising 17 45,572 46,292 * * * * * Customer Service 13 36,553 33,150 * * * * * Distribution 20 47,153 44,859 * * $42,500 $47,000 $49,400 Market Research 14 41,479 46,125 * * * * * Purchasing 10 49,697 34,063 * * * * * Sales 47 42,162 43, % 30,000 42,000 53,000 PUBLIC ADMINISTRATION Executive, Legislative & General 1 45,000 74,000 * * * * * Finance, Taxation, Monetary Policy 1 36,500 31,504 * * * * * Law Enforcement 3 55,000 36,667 * * * * * Military 8 43,084 44,087 * * * * * National Security 1 41,000 N/A * * * * * Urban/Regional Planning + + N/A * * * * * SOCIAL SERVICES Administration (Social Services) 1 34,000 29,161 * * * * * Counseling + + N/A * * * * * Fundraising/Development + + N/A * * * * * Social Work 4 40,640 37,860 * * * * * OTHER FUNCTIONAL CATEGORIES Actuarial 2 55,000 45,333 * * * * * Agricultural/Natural Resources ,000 * * * * * Architecture 1 41,600 65,000 * * * * * Consulting 55 59,933 57, ,000 60,000 70,000 Human Resources/Industrial Relations 7 44,357 31,013 * * * * * Management Trainee (Entry-Level Mgmt.) 39 43,279 42, ,492 43,000 48,000 Mathematician/Statistician 1 130,000 42,000 * * * * * Paralegal 3 54,167 29,537 * * * * * Performing Arts/Entertainment ,900 * * * * * Religious Occupation ,000 * * * * * Research (Nontechnical) ,550 * * * * * Research (Technical/Scientific) 10 40,385 32,520 * * * * * Teaching 20 31,629 32, ,000 32,000 36, Bachelor s Degree Candidates Total Offers = 1,518 Business 48.6 % PROPORTION OF OFFERS BY CURRICULAR AREA Master s Degree Candidates-Inexperienced Total Offers = % Business Communica- 2.1 % 0.0% Communications Education & Home Economics 2.3 % 5.6% Education Humanities & Social Sciences 7.5 % 6.5 % Humanities & Social Sciences Engineering 28.7% 32.7 % Engineering Agricultural & Natural Resources 1.1 % 4.1 % Computer Sciences 15.0 % Computer Science Health Sciences & Parks/Rec/Fitness Studies 2.8 % 0.0% Health Sciences Sciences 2.8 % 1.9 % Sciences N/A - No historic data available. + No offers reported. ** Not computed if number of offers is fewer than 20 for current or previous year. Salary Survey / Winter

8 CURRICULUM / EMPLOYEr Of AVERAGE 25th 75th OFFERS Bachelor s Degree Candidates By Curriculum And Employer CURRICULUM / EMPLOYEr Of AVERAGE 25th 75th OFFERS Curriculum/Employer Of Average 25th 75th Offers AGRICULTURE & NATURAL RESOURCES MAJORS Conservation/Renewable Natural Resources S Consulting Services 1 $29,120 * * Other Agricultural Sciences N Educational Services 1 36,044 * * S Transportation Services 1 42,000 * * BUSINESS MAJORS Accounting M Aerospace 3 52,000 * * Computer & Electronic Products Manufacturing 2 50,250 * * Electrical Equipment/Appliance/ Component Mfg. 1 49,000 * * Food, Beverage, & Tobacco 1 52,500 * * Nonmetallic Mineral Products 1 48,000 * * Petroleum & Coal Products 2 48,000 * * Transportation Equipment Mfg. 4 53,550 * * Other Manufacturing Employers (NEC) 1 60,000 * * N Educational Services 1 40,000 * * Government (Federal) 1 45,464 * * Government (State & Local) 2 32,000 * * S Accommodation/Food Services 1 55,000 * * Accounting Services 83 48,227 $45,000 $52,000 Architectural Services 1 32,000 * * Banking (Investment) 18 64,917 * * Communications (Broadcasting/ Telecommunications) 1 55,000 * * Consulting Services 1 56,000 * * Engineering Services 1 60,000 * * Financial Services 2 45,000 * * Insurance 7 44,643 * * Retail/Wholesale Trade 5 42,000 * * Transportation Services 1 40,000 * * Other Service Employers (NEC) 2 47,500 * * Business Administration/Management M Aerospace 1 46,500 * * Agriculture, Forestry, Fishing, Hunting 1 42,000 * * Food, Beverage, & Tobacco 1 56,000 * * Household & Personal Care Products 4 55,500 * * Metals & Metal Products 1 49,400 * * Petroleum & Coal Products 1 55,000 * * Pharmaceuticals & Medicine Mfg. 2 53,500 * * Transportation Equipment Mfg. 1 55,000 * * Other Manufacturing Employers (NEC) 4 54,017 * * N Government (Federal) 2 38,404 * * Healthcare Services (Nonprofit) 1 28,800 * * S Accommodation/Food Services 2 20,500 * * Accounting Services 6 53,667 * * Advertising 3 37,067 * * Architectural Services 1 55,000 * * Banking (Commercial) 5 32,153 * * Banking (Investment) 9 59,167 * * Communications (Broadcasting/ Telecommunications) 1 32,000 * * Computer Systems Design/Consulting/ Programming 5 42,760 * * Consulting Services 6 51,833 * * Engineering Services 1 50,000 * * Financial Services 3 50,167 * * Curriculum/Employer Of Average 25th 75th Offers Retail/Wholesale Trade 13 $41,908 * * Software Publishers 2 39,600 * * Transportation Services 2 38,250 * * Utilities 1 42,500 * * Other Service Employers (NEC) 2 54,500 * * Business Systems Networking/Telecommunications M Transportation Equipment Mfg. 1 56,000 * * S Accounting Services 1 62,500 * * Consulting Services 1 65,000 * * Insurance 1 57,000 * * Economics (Business/Managerial) M Agriculture, Forestry, Fishing, Hunting 1 56,400 * * Food, Beverage, & Tobacco 1 55,000 * * Household & Personal Care Products 1 61,000 * * S Accounting Services 1 50,000 * * Banking (Investment) 5 67,000 * * Computer Systems Design/Consulting/ Programming 2 60,000 * * Consulting Services 9 62,333 * * Financial Services 3 63,333 * * Insurance 2 36,416 * * Retail/Wholesale Trade 3 43,833 * * Transportation Services 1 32,500 * * Other Service Employers (NEC) 1 42,000 * * Finance M Aerospace 1 47,500 * * Computer & Electronic Products Manufacturing 1 51,500 * * Electrical Equipment/Appliance/ Component Mfg. 1 55,000 * * Transportation Equipment Mfg. 1 53,000 * * Other Manufacturing Employers (NEC) 3 55,000 * * N Educational Services 1 20,000 * * Government (Federal) 3 40,297 * * Hospitals 1 42,000 * * S Accommodation/Food Services 1 65,000 * * Accounting Services 1 55,000 * * Banking (Commercial) 7 44,229 * * Banking (Investment) 19 63,816 * * Computer Systems Design/Consulting/ Programming 1 55,000 * * Consulting Services 3 65,833 * * Engineering Services 2 49,000 * * Financial Services 11 50,000 * * Healthcare Services (For Profit) 2 41,000 * * Insurance 2 45,500 * * Publishing 1 53,000 * * Retail/Wholesale Trade 3 43,667 * * Transportation Services 2 45,000 * * Other Service Employers (NEC) 2 52,000 * * Hospitality Services Management (incl. hotel/motel/restaurant mgmt.) S Accommodation/Food Services 1 42,500 * * Human Resources (incl. labor/industrial relations) M Electrical Equipment/Appliance/ Component Mfg. 1 50,000 * * Machinery Manufacturing 1 59,000 * * S Consulting Services 1 70,000 * * Retail/Wholesale Trade 2 46,500 * * 8 Salary Survey / Winter 2011 M = Manufacturing Employers; N = Nonprofit Employers; S = Service Employers

9 CURRICULUM / EMPLOYEr Of AVERAGE 25th 75th OFFERS International Business S Computer Systems Design/Consulting/ Programming 1 $30,000 * * Insurance 1 30,000 * * Retail/Wholesale Trade 2 37,000 * * Logistics/Materials Management M Chemicals (Basic) 1 40,000 * * Food, Beverage, & Tobacco 2 50,340 * * Household & Personal Care Products 2 55,000 * * Machinery Manufacturing 2 54,360 * * Metals & Metal Products 6 48,600 * * Petroleum & Coal Products 1 50,000 * * Transportation Equipment Mfg. 3 49,667 * * Other Manufacturing Employers (NEC) 7 54,876 * * N Educational Services 1 30,000 * * S Accounting Services 5 46,640 * * Banking (Investment) 2 55,000 * * Consulting Services 11 63,364 * * Financial Services 1 19,953 * * Healthcare Services (For Profit) 1 38,000 * * Retail/Wholesale Trade 12 47,833 * * Scientific Research & Development 1 59,500 * * Transportation Services 6 40,433 * * Other Service Employers (NEC) 4 45,000 * * Management Information Systems/Business Data Processing M Aerospace 1 65,000 * * Agriculture, Forestry, Fishing, Hunting 1 56,000 * * Food, Beverage, & Tobacco 1 52,000 * * Metals & Metal Products 1 47,000 * * Other Manufacturing Employers (NEC) 3 52,667 * * S Accounting Services 5 51,600 * * Banking (Commercial) 1 60,000 * * Banking (Investment) 2 62,500 * * Computer Systems Design/Consulting/ Programming 3 61,000 * * Consulting Services 6 63,583 * * Engineering Services 1 56,000 * * Financial Services 4 55,500 * * Retail/Wholesale Trade 5 49,836 * * Transportation Services 1 53,004 * * Marketing/Marketing Mgmt. (incl. mktg. research) M Agriculture, Forestry, Fishing, Hunting 1 40,000 * * Chemicals (Basic) 1 55,000 * * Electrical Equipment/Appliance/ Component Mfg. 1 32,000 * * Food, Beverage, & Tobacco 3 47,200 * * Household & Personal Care Products 6 56,001 * * Machinery Manufacturing 1 36,000 * * Medical Equipment & Supplies Mfg. 1 50,000 * * Metals & Metal Products 1 45,000 * * Paper Manufacturing 1 45,000 * * Printing 2 40,000 * * Transportation Equipment Mfg. 1 48,000 * * N Educational Services 1 32,000 * * Government (Federal) 1 38,000 * * S Accounting Services 1 51,500 * * Advertising 3 31,667 * * Computer Systems Design/Consulting/ Programming 3 30,667 * * Consulting Services 2 47,693 * * Employment Services 1 45,000 * * Financial Services 4 46,625 * * Insurance 2 41,250 * * CURRICULUM / EMPLOYEr Of AVERAGE 25th 75th OFFERS Real Estate 1 $34,320 * * Retail/Wholesale Trade 14 44,429 * * Transportation Services 3 40,000 * * Utilities 1 56,000 * * Other Service Employers (NEC) 2 50,000 * * COMMUNICATIONS MAJORS Communications M Computer & Electronic Products Manufacturing 1 34,200 * * N Healthcare Services (Nonprofit) 1 28,000 * * S Accommodation/Food Services 1 48,000 * * Advertising 1 45,000 * * Banking (Commercial) 1 26,000 * * Financial Services 1 26,000 * * Journalism N Government (State & Local) 1 37,200 * * COMPUTER SCIENCES MAJORS Computer Science M Aerospace 1 69,000 * * Computer & Electronic Products Manufacturing 4 73,575 * * Transportation Equipment Mfg. 2 59,598 * * N Government (Federal) 1 36,000 * * Hospitals 1 55,000 * * S Architectural Services 1 57,000 * * Communications (Broadcasting/ Telecommunications) 3 63,000 * * Computer Systems Design/Consulting/ Programming 8 71,063 * * Engineering Services 8 61,750 * * Financial Services 2 72,500 * * Real Estate 1 60,000 * * Transportation Services 1 50,000 * * Computer Systems Analysis M Computer & Electronic Products Manufacturing 1 50,000 * * S Computer Systems Design/Consulting/ Programming 1 60,000 * * Information Sciences & Systems M Petroleum & Coal Products 1 62,000 * * S Banking (Investment) 1 53,000 * * Insurance 1 30,000 * * EDUCATION MAJORS Elementary Teacher Education N Educational Services 3 34,290 * * Pre-Elementary Teacher Education N Educational Services 2 29,948 * * Special Education N Educational Services 1 36,700 * * Specific Academic/Vocational Teacher Education N Educational Services 1 32,960 * * ENGINEERING MAJORS Aerospace/Aeronautical/Astronautical Engineering M Aerospace 1 65,000 * * S Engineering Services 1 61,500 * * M = Manufacturing Employers; N = Nonprofit Employers; S = Service Employers Salary Survey / Winter

10 CURRICULUM / EMPLOYEr Of AVERAGE 25th 75th OFFERS Agricultural Engineering N Government (Federal) 1 $32,500 * * S Engineering Services 1 44,000 * * Bioengineering & Biomedical Engineering M Household & Personal Care Products 1 64,000 * * Pharmaceuticals & Medicine Mfg. 1 96,000 * * Transportation Equipment Mfg. 1 39,520 * * N Healthcare Services (Nonprofit) 1 60,000 * * Hospitals 1 30,451 * * S Computer Systems Design/Consulting/ Programming 1 61,000 * * Consulting Services 3 66,667 * * Engineering Services 1 40,000 * * Healthcare Services (For Profit) 1 55,000 * * Transportation Services 1 45,760 * * Chemical Engineering M Chemicals (Basic) 8 66,475 * * Food, Beverage, & Tobacco 8 63,125 * * Household & Personal Care Products 2 68,250 * * Petroleum & Coal Products 11 83,345 * * Pharmaceuticals & Medicine Mfg. 1 62,000 * * Wood Products 1 41,600 * * N Government (Federal) 2 49,687 * * S Banking (Investment) 1 70,000 * * Consulting Services 3 61,667 * * Engineering Services 28 63,227 $60,000 $66,228 Financial Services 1 45,000 * * Healthcare Services (For Profit) 1 20,800 * * Scientific Research & Development 1 29,000 * * Civil Engineering M Building, Developing, General Contracting 4 52,250 * * N Government (Federal) 2 48,150 * * Government (State & Local) 1 40,560 * * S Consulting Services 2 49,250 * * Engineering Services 10 43,554 * * Transportation Services 1 48,048 * * Utilities 1 55,000 * * Computer Engineering M Computer & Electronic Products Manufacturing 3 63,168 * * S Banking (Investment) 1 63,000 * * Computer Systems Design/Consulting/ Programming 2 50,250 * * Financial Services 1 95,000 * * Electrical/Electronics & Communications Engineering M Aerospace 1 64,875 * * Agriculture, Forestry, Fishing, Hunting 1 64,200 * * Chemicals (Basic) 1 66,000 * * Computer & Electronic Products Manufacturing 2 73,500 * * Electrical Equipment/Appliance/ Component Mfg. 1 60,000 * * Household & Personal Care Products 1 64,000 * * N Government (Federal) 1 44,176 * * S Engineering Services 14 63,036 * * Financial Services 1 90,000 * * Healthcare Services (For Profit) 1 61,000 * * Transportation Services 1 56,000 * * Utilities 1 60,000 * * Engineering Technology M Other Manufacturing Employers (NEC) 2 52,000 * * S Engineering Services 1 47,500 * * CURRICULUM / EMPLOYEr Of AVERAGE 25th 75th OFFERS Industrial/Manufacturing Engineering M Aerospace 1 $62,500 * * Electrical Equipment/Appliance/ Component Mfg. 2 51,250 * * Paper Manufacturing 1 57,257 * * Other Manufacturing Employers (NEC) 1 60,000 * * N Government (Federal) 1 54,343 * * S Computer Systems Design/Consulting/ Programming 1 31,200 * * Consulting Services 3 71,667 * * Financial Services 2 65,000 * * Materials Engineering M Computer & Electronic Products Manufacturing 1 69,000 * * Transportation Equipment Mfg. 1 45,000 * * S Engineering Services 2 60,500 * * Mechanical Engineering M Aerospace 5 62,900 * * Building, Developing, General Contracting 3 59,667 * * Chemicals (Basic) 1 67,200 * * Computer & Electronic Products Manufacturing 2 73,000 * * Electrical Equipment/Appliance/ Component Mfg. 4 54,500 * * Food, Beverage, & Tobacco 1 58,000 * * Household & Personal Care Products 2 63,410 * * Machinery Manufacturing 6 51,328 * * Mining 1 57,200 * * Petroleum & Coal Products 3 89,333 * * Plastics & Rubber Products 2 61,250 * * Transportation Equipment Mfg. 4 55,960 * * Other Manufacturing Employers (NEC) 4 54,500 * * N Government (Federal) 1 52,500 * * Government (State & Local) 1 44,000 * * Healthcare Services (Nonprofit) 1 60,000 * * S Architectural Services 2 52,800 * * Computer Systems Design/Consulting/ Programming 1 57,720 * * Consulting Services 2 66,500 * * Engineering Services 34 63,476 $59,280 $65,000 Transportation Services 1 56,000 * * Utilities 9 58,611 * * Metallurgical Engineering (incl. ceramic science/eng.) M Metals & Metal Products 1 63,000 * * Mining & Mineral Engineering (incl. geological) M Machinery Manufacturing 1 67,000 * * Mining 5 61,728 * * Petroleum Engineering M Petroleum & Coal Products 1 90,000 * * Software Engineering S Software Publishers 1 45,000 * * Systems Engineering M Food, Beverage, & Tobacco 1 66,000 * * Other Manufacturing Employers (NEC) 1 57,000 * * S Consulting Services 2 65,000 * * Engineering Services 12 57,960 * * Retail/Wholesale Trade 1 55,000 * * HEALTH SCIENCES MAJORS Health & Related Sciences N Educational Services 2 38,500 * * 10 Salary Survey / Winter 2011 M = Manufacturing Employers; N = Nonprofit Employers; S = Service Employers

11 CURRICULUM / EMPLOYEr Of AVERAGE 25th 75th OFFERS S Healthcare Services (For Profit) 2 $37,000 * * Retail/Wholesale Trade 1 29,000 * * Other Service Employers (NEC) 1 45,000 * * Nursing N Healthcare Services (Nonprofit) 1 40,680 * * Hospitals 11 45,005 * * HOME ECONOMICS MAJORS Clothing/Apparel/Textile Studies (incl. textile science) S Computer Systems Design/Consulting/ Programming 1 30,000 * * Retail/Wholesale Trade 10 45,030 * * Other Service Employers (NEC) 1 50,000 * * Home Economics N Government (State & Local) 1 24,000 * * Social Assistance 1 37,492 * * S Retail/Wholesale Trade 1 40,000 * * HUMANITIES & SOCIAL SCIENCES MAJORS Criminal Justice & Corrections N Government (State & Local) 1 45,000 * * S Legal Services 1 60,000 * * English Language & Literature/Letters N Educational Services 1 40,000 * * Government (Federal) 1 43,920 * * Government (State & Local) 1 25,000 * * CURRICULUM / EMPLOYEr Of AVERAGE 25th 75th OFFERS SCIENCES MAJORS Architecture & Related Programs S Architectural Services 1 $41,600 * * Biological Sciences/Life Sciences M Chemicals (Basic) 1 45,000 * * N Educational Services 1 25,000 * * S Accommodation/Food Services 1 30,000 * * Consulting Services 1 43,000 * * Retail/Wholesale Trade 1 27,692 * * Chemistry M Mining 1 41,600 * * N Government (State & Local) 1 46,800 * * S Engineering Services 1 66,228 * * Scientific Research & Development 2 33,875 * * Software Publishers 1 24,000 * * Construction Science/Management M Building, Developing, General Contracting 2 39,612 * * Mathematics (incl. statistics) M Petroleum & Coal Products 1 130,000 * * N Government (Federal) 1 50,954 * * S Insurance 2 55,000 * * Retail/Wholesale Trade 1 40,000 * * History N Educational Services 2 25,340 * * S Accommodation/Food Services 1 27,500 * * Liberal Arts & Sciences/General Studies M Other Manufacturing Employers (NEC) 1 48,000 * * N Educational Services 1 24,000 * * Government (State & Local) 1 22,500 * * S Accounting Services 2 58,750 * * Advertising 1 28,500 * * Banking (Investment) 1 70,000 * * Legal Services 1 30,000 * * Retail/Wholesale Trade 2 49,600 * * Political Science/Government S Communications (Broadcasting/ telecommunications) 1 30,500 * * Psychology M Medical Equipment & Supplies Mfg. 1 59,994 * * N Educational Services 3 32,000 * * Social Assistance 2 48,000 * * Other Nonprofit Employers (NEC) 1 26,000 * * S Banking (Investment) 1 60,000 * * Computer Systems Design/Consulting/ Programming 1 34,000 * * Visual & Performing Arts N Educational Services 3 26,913 * * S Communications (Broadcasting/ telecommunications) 1 21,060 * * Software Publishers 1 30,000 * * Other Social Sciences M Petroleum & Coal Products 1 55,000 * * N Government (Federal) 1 62,000 * * Healthcare Services (Nonprofit) 1 31,200 * * Religious/Grantmaking/Civic/Professional Orgs. 1 30,000 * * Reach diverse students! Contact John Stritehoff, ext. 125, M = Manufacturing Employers; N = Nonprofit Employers; S = Service Employers Salary Survey / Winter

12 Bachelor s Degree Summary By Employer employer Type Of Average 25th 75th Offers MANUFACTURING EMPLOYERS / NONTECHNICAL DEGREES Aerospace 6 $52,500 * * Agriculture, Forestry, Fishing, Hunting 4 48,600 * * Chemicals (Basic) 2 47,500 * * Computer & Electronic Products Manufacturing 4 46,550 * * Electrical Equipment/Appliance/Component Mfg. 4 46,500 * * Food, Beverage, & Tobacco 9 50,864 * * Household & Personal Care Products 13 56,077 * * Machinery Manufacturing 4 50,930 * * Medical Equipment & Supplies Mfg. 2 54,997 * * Metals & Metal Products 9 48,111 * * Nonmetallic Mineral Products 1 48,000 * * Paper Manufacturing 1 45,000 * * Petroleum & Coal Products 5 51,200 * * Pharmaceuticals & Medicine Mfg. 2 53,500 * * Printing 2 40,000 * * Transportation Equipment Mfg ,291 * * Other Manufacturing Employers (NEC) 19 54,274 * * TOTAL 98 (17.4%) employer TYPe Of AVERAGE 25th 75th Offers MANUFACTURING EMPLOYERS / TECHNICAL DEGREES Aerospace 9 $63,986 * * Agriculture, Forestry, Fishing, Hunting 1 64,200 * * Building, Developing, General Contracting 9 51,914 * * Chemicals (Basic) 11 64,545 * * Computer & Electronic Products Manufacturing 13 68,908 * * Electrical Equipment/Appliance/Component Mfg. 7 54,357 * * Food, Beverage, & Tobacco 10 62,900 * * Household & Personal Care Products 6 65,220 * * Machinery Manufacturing 7 53,567 * * Metals & Metal Products 1 63,000 * * Mining 7 58,206 * * Paper Manufacturing 1 57,257 * * Petroleum & Coal Products 17 86,282 * * Pharmaceuticals & Medicine Mfg. 2 79,000 * * Plastics & Rubber Products 2 61,250 * * Transportation Equipment Mfg. 8 53,445 * * Wood Products 1 41,600 * * Other Manufacturing Employers (NEC) 8 54,875 * * TOTAL 120 (34.2%) NONPROFIT EMPLOYERS / NONTECHNICAL DEGREES Educational Services 21 30,754 $27,000 $32,960 Government (Federal) 9 43,009 * * Government (State & Local) 7 31,100 * * Healthcare Services (Nonprofit) 3 29,333 * * Hospitals 1 42,000 * * Religious/Grantmaking/Civic/Professional Orgs. 1 30,000 * * Social Assistance 3 44,497 * * Other Nonprofit Employers (NEC) 1 26,000 * * TOTAL 46 (8.2%) NONPROFIT EMPLOYERS / TECHNICAL DEGREES Educational Services 4 34,511 * * Government (Federal) 10 46,615 * * Government (State & Local) 3 43,787 * * Healthcare Services (Nonprofit) 3 53,560 * * Hospitals 13 44,654 * * TOTAL 33 (9.4%) SERVICE EMPLOYERS / NONTECHNICAL DEGREES Accommodation/Food Services 7 39,857 * * Accounting Services ,072 45,000 54,000 Advertising 8 34,963 * * Architectural Services 2 43,500 * * Banking (Commercial) 14 39,741 * * Banking (Investment) 57 63,395 55,000 70,000 Communications (Broadcasting/ Telecommunications) 4 34,640 * * Computer Systems Design/Consulting/ Programming 17 44,576 * * Consulting Services 40 60,860 56,000 70,000 Employment Services 1 45,000 * * Engineering Services 5 52,800 * * Financial Services 29 49,481 40,000 55,000 Healthcare Services (For Profit) 3 40,000 * * Insurance 15 43,055 * * Legal Services 2 45,000 * * Publishing 1 53,000 * * Real Estate 1 34,320 * * Retail/Wholesale Trade 72 44,708 42,000 48,000 Scientific Research & Development 1 59,500 * * Software Publishers 3 36,400 * * Transportation Services 16 40,913 * * Utilities 2 49,250 * * Other Service Employers (NEC) 14 48,571 * * TOTAL 419 (74.4%) SERVICE EMPLOYERS / TECHNICAL DEGREES Accommodation/Food Services 1 30,000 * * Architectural Services 4 51,050 * * Banking (Investment) 3 62,000 * * Communications (Broadcasting/ Telecommunications) 3 63,000 * * Computer Systems Design/Consulting/ Programming 14 62,780 * * Consulting Services 17 60,801 * * Engineering Services ,321 $54,240 $65,000 Financial Services 7 72,143 * * Healthcare Services (For Profit) 5 42,160 * * Insurance 3 46,667 * * Real Estate 1 60,000 * * Retail/Wholesale Trade 4 37,923 * * Scientific Research & Development 3 32,250 * * Software Publishers 2 34,500 * * Transportation Services 6 49,635 * * Utilities 11 58,409 * * Other Service Employers (NEC) 1 45,000 * * TOTAL 198 (56.4%) TOTAL OFFERS TO BACHELOR S NONTECHNICAL DEGREES 563 (61.6%) TOTAL OFFERS TO BACHELOR S TECHNICAL DEGREES 351 (38.4%) Total Offers To Bachelor s Degree Candidates By Employer 914 Total Manufacturing Employers 218 (23.9%) Total Nonprofit/Government Employers 79 (8.6%) Total Services Employers 617 (67.5%) 12 Salary Survey / Winter 2011

13 Proportion of Offers by Industry Sector PROPORTION OF OFFERS TO BACHELOR S DEGREE CANDIDATES BY INDUSTRY SECTOR Government/Nonprofit Employers 8.6% Services Employers 67.5% Manufacturing Employers 23.9% Total Bachelor s Offers By Employer = 914 PROPORTION OF OFFERS TO NONTECHNICAL BACHELOR S DEGREE CANDIDATES BY INDUSTRY SECTOR Government/Nonprofit Employers 8.2% Services Employers 74.4% Manufacturing Employers 17.4% Total Offers to Bachelor s Nontechnical Degrees = 563 PROPORTION OF OFFERS TO TECHNICAL BACHELOR S DEGREE CANDIDATES BY INDUSTRY SECTOR Government/Nonprofit Employers 9.4% Services Employers 56.4% Manufacturing Employers 34.2% Total Offers to Bachelor s Technical Degrees = 351 Salary Survey / Wiinter

14 CURRICULUM / job function of AVERAGE 25th 75th offers Bachelor s Degree Candidates By Curriculum And Job Function CURRICULUM / job function of AVERAGE 25th 75th offers Curriculum/Job FunctioN of Average 25th 75th offers AGRICULTURE & NATURAL RESOURCES MAJORS Conservation/Renewable Natural Resources Consulting 1 $29,120 * * Other Agricultural Sciences Teaching 1 36,044 * * BUSINESS MAJORS Accounting Accounting (Private) 42 49,821 $46,000 $55,000 Accounting (Public) 45 45,146 42,000 49,000 Auditing (Private) 5 47,700 * * Auditing (Public) 17 47,171 * * Buyer/Merchandising 1 40,000 * * Finance, Taxation, Monetary Policy 1 36,500 * * Financial/Treasury Analysis 10 53,150 * * Insurance (Underwriting) 1 30,000 * * Investment Banking (Corporate Finance) 3 60,567 * * Investment Banking (Sales & Trading) 14 66,429 * * Management Trainee (Entry-Level Mgmt.) 1 60,000 * * Manufacturing/Industrial Engineering 1 52,000 * * Market Research 1 55,000 * * Pharmacist 1 32,000 * * Sales 1 47,500 * * Systems Analysis & Design 1 60,000 * * Business Administration/Management Accounting (Private) 2 53,250 * * Accounting (Public) 4 50,242 * * Brand/Product Management 2 46,500 * * Commercial Banking (Consumer) 3 27,922 * * Consulting 6 53,583 * * Customer Service 3 42,900 * * Distribution 7 49,567 * * Financial/Treasury Analysis 7 53,857 * * Investment Banking (Corporate Finance) 3 50,333 * * Investment Banking (Sales & Trading) 7 64,643 * * Management Trainee (Entry-Level Mgmt.) 11 39,146 * * Market Research 1 30,000 * * Public Relations 2 25,000 * * Purchasing 1 37,840 * * Sales 9 45,078 * * Systems/Programming Engineering 1 63,000 * * Other Computer Related (NEC) 1 45,000 * * Business Systems Networking/Telecommunications Consulting 2 63,750 * * Systems Analysis & Design 1 56,000 * * Systems/Programming Engineering 1 57,000 * * Other Computer Related (NEC) 1 50,000 * * Economics (Business/Managerial) Accounting (Public) 1 50,000 * * Buyer/Merchandising 2 44,500 * * Consulting 12 61,917 * * Customer Service 1 35,832 * * Financial/Treasury Analysis 3 60,000 * * Investment Banking (Corporate Finance) 2 55,700 * * Investment Banking (Sales & Trading) 5 69,000 * * Management Trainee (Entry-Level Mgmt.) 2 39,750 * * Sales 1 32,500 * * CURRICULUM / JOB FUNCTION of AVERAGE 25th 75th offers Finance Accounting (Private) 1 $47,500 * * Auditing (Private) 2 48,000 * * Brand/Product Management 2 45,000 * * Buyer/Merchandising 1 53,000 * * Commercial Banking (Lending) 4 41,025 * * Consulting 4 55,500 * * Customer Service 1 32,000 * * Executive, Legislative & General 1 45,000 * * Financial/Treasury Analysis 18 52,022 * * Human Resources/Industrial Relations 1 51,500 * * Insurance (Underwriting) 1 45,000 * * Investment Banking (Corporate Finance) 9 53,500 * * Investment Banking (Sales & Trading) 15 62,667 * * Law Enforcement 1 60,000 * * Management Trainee (Entry-Level Mgmt.) 1 50,000 * * Market Research 1 54,000 * * Military 2 46,500 * * Portfolio Management/Brokerage 1 44,000 * * Sales 2 47,500 * * Teaching 1 20,000 * * Technical/Computer Support 1 55,000 * * Hospitality Services Management (incl. hotel/motel/restaurant mgmt.) Buyer/Merchandising 1 42,500 * * Human Resources (incl. labor/industrial relations) Buyer/Merchandising 1 48,000 * * Consulting 1 70,000 * * Financial/Treasury Analysis 1 50,000 * * Human Resources/Industrial Relations 3 48,000 * * International Business Buyer/Merchandising 1 44,000 * * Sales 2 30,000 * * Logistics/Materials Management Accounting (Private) 8 50,500 * * Buyer/Merchandising 1 54,720 * * Commercial Banking (Consumer) 1 19,953 * * Consulting 12 61,517 * * Customer Service 2 35,300 * * Distribution 11 45,327 * * Financial/Treasury Analysis 2 52,500 * * Investment Banking (Corporate Finance) 2 55,000 * * Management Trainee (Entry-Level Mgmt.) 2 42,500 * * Manufacturing/Industrial Engineering 2 50,340 * * Market Research 2 48,000 * * Purchasing 7 52,447 * * Sales 3 50,000 * * Management Information Systems/Business Data Processing Accounting (Private) 4 52,375 * * Brand/Product Management 1 50,000 * * Buyer/Merchandising 1 48,000 * * Computer Programming 2 56,502 * * Consulting 9 61,889 * * Financial/Treasury Analysis 1 57,000 * * Investment Banking (Sales & Trading) 1 70,000 * * Network Administration 3 49,060 * * Purchasing 1 47,000 * * Software Design & Development 1 45,000 * * Systems Analysis & Design 5 59,200 * * 14 Salary Survey / Winter 2011

15 CURRICULUM / job function of AVERAGE 25th 75th offers Systems/Programming Engineering 1 $63,000 * * Technical/Computer Support 4 57,500 * * Other Computer Related (NEC) 1 43,500 * * Marketing/Marketing Mgmt. (incl. mktg. research) Brand/Product Management 6 50,250 * * Buyer/Merchandising 6 44,417 * * Commercial Banking (Consumer) 1 34,000 * * Customer Service 4 41,750 * * Financial/Treasury Analysis 1 55,000 * * Human Resources/Industrial Relations 1 45,000 * * Management Trainee (Entry-Level Mgmt.) 5 43,800 * * Market Research 8 38,938 * * Public Relations 1 40,385 * * Purchasing 1 45,000 * * Sales 21 41,975 $32,000 $52,600 Systems Analysis & Design 1 55,000 * * COMMUNICATIONS MAJORS Communications Commercial Banking (Consumer) 1 26,000 * * Environmental/Sanitation Engineering 1 26,000 * * Market Research 1 34,200 * * Public Relations 1 28,000 * * Journalism Financial/Treasury Analysis 1 37,200 * * COMPUTER SCIENCES MAJORS Computer Science Computer Programming 5 74,699 * * Consulting 2 61,000 * * Military 1 36,000 * * Research (Technical/Scientific) 1 25,000 * * Software Design & Development 9 65,311 * * Systems Analysis & Design 1 54,000 * * Systems/Programming Engineering 1 55,000 * * Technical/Computer Support 2 55,250 * * Testing Engineering 1 85,000 * * Other Computer Related (NEC) 1 55,000 * * Other Engineering (NEC) 3 63,667 * * Computer Systems Analysis Software Design & Development 1 60,000 * * Information Sciences & Systems Consulting 1 38,000 * * Software Design & Development 1 40,000 * * Systems Analysis & Design 1 53,000 * * Other Computer Related (NEC) 2 35,500 * * EDUCATION MAJORS Elementary Teacher Education Teaching 3 34,290 * * Special Education Teaching 1 36,700 * * Specific Academic/Vocational Teacher Education Teaching 1 32,960 * * ENGINEERING MAJORS Aerospace/Aeronautical/Astronautical Engineering Project Engineering 1 65,000 * * Bioengineering & Biomedical Engineering Bioengineering 1 64,000 * * Consulting 1 66,000 * * Hardware Design & Development 1 15,600 * * CURRICULUM / job function of AVERAGE 25th 75th offers Manufacturing/Industrial Engineering 1 $39,520 * * Project Engineering 1 40,000 * * Research & Development Engineering 1 60,000 * * Research (Technical/Scientific) 1 30,451 * * Sales 1 96,000 * * Other Engineering (NEC) 1 45,760 * * Chemical Engineering Consulting 1 65,000 * * Field Engineering 1 69,600 * * Financial/Treasury Analysis 1 45,000 * * Manufacturing/Industrial Engineering 3 65,600 * * Process Engineering (Chemical) 12 66,365 * * Production Engineering 4 67,212 * * Project Engineering 4 58,525 * * Research & Development Engineering 1 69,000 * * Research (Technical/Scientific) 2 37,000 * * Testing Engineering 1 80,000 * * Other Engineering (NEC) 8 61,644 * * Civil Engineering Consulting 1 52,000 * * Design/Construction Engineering 4 47,762 * * Environmental/Sanitation Engineering 3 37,965 * * Field Engineering 2 52,000 * * Military 1 43,300 * * Power Systems Engineering 1 55,000 * * Project Engineering 4 47,515 * * Other Engineering (NEC) 3 49,047 * * Computer Engineering Financial/Treasury Analysis 1 63,000 * * Production Engineering 1 68,000 * * Software Design & Development 3 65,167 * * Testing Engineering 1 53,500 * * Electrical/Electronics & Communications Engineering Field Engineering 1 67,000 * * Hardware Design & Development 3 70,425 * * Management Trainee (Entry-Level Mgmt.) 1 56,000 * * Manufacturing/Industrial Engineering 2 65,000 * * Power Systems Engineering 2 52,088 * * Production Engineering 1 60,000 * * Project Engineering 1 54,000 * * Software Design & Development 3 77,000 * * Other Engineering (NEC) 6 61,017 * * Engineering Technology Manufacturing/Industrial Engineering 2 52,000 * * Project Engineering 1 47,500 * * Industrial/Manufacturing Engineering Consulting 1 75,000 * * Design/Construction Engineering 1 31,200 * * Management Trainee (Entry-Level Mgmt.) 1 62,500 * * Manufacturing/Industrial Engineering 3 56,033 * * Production Engineering 2 50,500 * * Other Engineering (NEC) 1 60,000 * * Materials Engineering Process Engineering (Chemical) 1 69,000 * * Other Engineering (NEC) 1 61,000 * * Mechanical Engineering Design/Construction Engineering 6 56,417 * * Field Engineering 3 51,467 * * Management Trainee (Entry-Level Mgmt.) 1 56,000 * * Manufacturing/Industrial Engineering 6 53,428 * * Military 1 52,500 * * Salary Survey / Winter

16 CURRICULUM / job function of AVERAGE 25th 75th offers Power Systems Engineering 6 $59,037 * * Process Engineering (Chemical) 2 67,000 * * Production Engineering 6 53,367 * * Project Engineering 8 61,250 * * Research & Development Engineering 1 62,820 * * Testing Engineering 1 65,000 * * Other Engineering (NEC) 21 64,489 $58,600 $66,900 Metallurgical Engineering (incl. ceramic science/eng.) Production Engineering 1 63,000 * * Mining & Mineral Engineering (incl. geological) Field Engineering 1 60,000 * * Production Engineering 4 62,160 * * Other Engineering (NEC) 1 67,000 * * Software Engineering Software Design & Development 1 45,000 * * Systems Engineering Industrial Hygiene/Occupational Safety Engineering 1 55,000 * * Systems Analysis & Design 1 65,000 * * Other Engineering (NEC) 4 56,655 * * HEALTH SCIENCES MAJORS Health & Related Sciences Physical Therapy 1 48,000 * * Sales 1 45,000 * * Teaching 1 30,000 * * Other Health Related (NEC) 2 36,500 * * Nursing Registered Nurse 14 46,159 * * HOME ECONOMICS MAJORS Clothing/Apparel/Textile Studies (incl. textile science) Buyer/Merchandising 2 44,500 * * Human Resources/Industrial Relations 1 30,000 * * Management Trainee (Entry-Level Mgmt.) 7 44,471 * * Home Economics Administrative (Healthcare) 1 24,000 * * Human Resources/Industrial Relations 1 40,000 * * Management Trainee (Entry-Level Mgmt.) 1 37,492 * * HUMANITIES & SOCIAL SCIENCES MAJORS Criminal Justice & Corrections Law Enforcement 2 52,500 * * CURRICULUM / job function of AVERAGE 25th 75th offers Political Science/Government Sales 1 $30,500 * * Psychology Brand/Product Management 1 59,994 * * Financial/Treasury Analysis 1 60,000 * * Sales 1 34,000 * * Social Work 2 48,000 * * Teaching 2 34,000 * * Sociology Public Relations 1 30,000 * * Social Work 1 35,360 * * Visual & Performing Arts Computer Programming 1 30,000 * * Customer Service 1 21,060 * * Teaching 2 30,500 * * Other Humanities Customer Service 1 20,000 * * Other Social Sciences Management Trainee (Entry-Level Mgmt.) 1 60,000 * * Social Work 1 31,200 * * SCIENCES MAJORS Architecture & Related Programs Architecture 1 41,600 * * Biological Sciences/Life Sciences Management Trainee (Entry-Level Mgmt.) 1 30,000 * * Research (Technical/Scientific) 2 44,000 * * Sales 1 27,692 * * Chemistry Process Engineering (Chemical) 1 66,228 * * Research & Development Engineering 1 44,750 * * Research (Technical/Scientific) 3 37,133 * * Systems Analysis & Design 1 24,000 * * Construction Science/Management Design/Construction Engineering 1 29,224 * * Field Engineering 1 50,000 * * Mathematics (incl. statistics) Actuarial 2 55,000 * * Distribution 1 40,000 * * Mathematician/Statistician 1 130,000 * * Military 1 50,954 * * English Language & Literature/Letters Management Trainee (Entry-Level Mgmt.) 1 23,500 * * Military 2 34,460 * * Teaching 1 40,000 * * History Accounting (Public) 1 30,000 * * Brand/Product Management 1 27,500 * * Teaching 1 20,680 * * Liberal Arts & Sciences/General Studies Accounting (Private) 2 63,750 * * Accounting (Public) 1 48,000 * * Consulting 1 70,000 * * Design/Graphic Arts 1 28,500 * * Investment Banking (Sales & Trading) 1 70,000 * * Paralegal 2 26,250 * * Sales 1 19,200 * * Teaching 1 24,000 * * Raise your image on campus! Contact John Stritehoff, ext. 125, Salary Survey / Winter 2011

17 Bachelor s Degree Summary by Job Function Job FunctioN of Average 25th 75th offers Job FunctioN of Average 25th 75th offers Nontechnical degrees Technical degrees Accounting (Private) 59 $50,635 $46,500 $55,000 Accounting (Public) 52 45,395 42,000 50,000 Administrative (Healthcare) 1 24,000 * * Auditing (Private) 7 47,786 * * Auditing (Public) 17 47,171 * * Brand/Product Management 13 47,846 * * Buyer/Merchandising 17 45,572 * * Commercial Banking (Consumer) 6 27,287 * * Commercial Banking (Lending) 4 41,025 * * Computer Programming 3 47,668 * * Consulting 47 60,621 56,000 70,000 Customer Service 13 36,553 * * Design/Graphic Arts 1 28,500 * * Distribution 18 46,976 * * Environmental/Sanitation Engineering 1 26,000 * * Executive, Legislative & General 1 45,000 * * Finance, Taxation, Monetary Policy 1 36,500 * * Financial/Treasury Analysis 45 53,091 50,000 57,500 Human Resources/Industrial Relations 7 44,357 * * Insurance (Underwriting) 2 37,500 * * Investment Banking (Corporate Finance) 19 54,505 * * Investment Banking (Sales & Trading) 43 65,291 65,000 70,000 Law Enforcement 3 55,000 * * Management Trainee (Entry-Level Mgmt.) 32 42,388 37,492 46,000 Manufacturing/Industrial Engineering 3 50,893 * * Market Research 14 41,479 * * Military 4 40,480 * * Network Administration 3 49,060 * * Paralegal 2 26,250 * * Pharmacist 1 32,000 * * Portfolio Management/Brokerage 1 44,000 * * Public Relations 5 29,677 * * Purchasing 10 49,697 * * Sales 42 41,807 32,000 53,000 Social Work 4 40,640 * * Software Design & Development 1 45,000 * * Systems Analysis & Design 8 58,375 * * Systems/Programming Engineering 3 61,000 * * Teaching 13 31,247 * * Technical/Computer Support 5 57,000 * * Other Computer Related (NEC) 3 46,167 * * Actuarial 2 $55,000 * * Architecture 1 41,600 * * Bioengineering 1 64,000 * * Computer Programming 5 74,699 * * Consulting 8 55,890 * * Design/Construction Engineering 12 49,164 * * Distribution 1 40,000 * * Environmental/Sanitation Engineering 3 37,965 * * Field Engineering 9 56,111 * * Financial/Treasury Analysis 2 54,000 * * Hardware Design & Development 4 56,719 * * Industrial Hygiene/Occupational Safety Engineering 1 55,000 * * Management Trainee (Entry-Level Mgmt.) 4 51,125 * * Manufacturing/Industrial Engineering 17 56,411 * * Mathematician/Statistician 1 130,000 * * Military 4 45,689 * * Physical Therapy 1 48,000 * * Power Systems Engineering 9 57,044 * * Process Engineering (Chemical) 16 66,600 * * Production Engineering 19 59,457 * * Project Engineering 20 56,033 $48,000 $63,000 Registered Nurse 14 46,159 * * Research & Development Engineering 4 59,143 * * Research (Technical/Scientific) 9 36,539 * * Sales 3 56,231 * * Software Design & Development 18 64,406 * * Systems Analysis & Design 4 49,000 * * Systems/Programming Engineering 1 55,000 * * Teaching 2 33,022 * * Technical/Computer Support 2 55,250 * * Testing Engineering 4 70,875 * * Other Computer Related (NEC) 3 42,000 * * Other Engineering (NEC) 49 61,470 54,373 66,000 Other Health Related (NEC) 2 36,500 * * Salary Survey / Winter

18 Average Yearly Salary Offers Master s Degree Candidates (Data Combined for Men and Women) Percent Change Of Offers Average $ Offer In $ Offers From Graduate Program January January January January Percentiles th 50th 75th BUSINESS MAJORS Accounting 28 $46,500 $47,071 * * $40,000 $48,000 $52,000 Economics (Business/Managerial) + + N/A * * * * * Finance 1 35,000 N/A * * * * * Human Resources (incl. labor/industrial relations) + + N/A * * * * * M.B.A. (Nontechnical Undergraduate Degree) 1 year or less experience 10 64,710 54,500 * * * * * 1-2 years experience 1 71,000 50,617 * * * * * 2-4 years experience 1 150,000 35,000 * * * * * More than 4 years experience ,182 * * * * * M.B.A. (Technical Undergraduate Degree) 1 year or less experience ,500 * * * * * 1-2 years experience + + N/A * * * * * 2-4 years experience 1 69,000 80,000 * * * * * More than 4 years experience ,267 * * * * * Management Information Systems/Business Data Processing ,000 * * * * * Marketing/Marketing Mgmt. (incl. mktg. research) 2 53,000 38,000 * * * * * COMMUNICATIONS MAJORS Advertising + + N/A * * * * * Communications + + N/A * * * * * Journalism + + N/A * * * * * EDUCATION MAJORS 1 Education Administration/Supervision 4 25,965 N/A * * * * * Elementary Teacher Education 1 39,000 39,884 * * * * * Physical Education Teaching/Coaching + + N/A * * * * * Special Education 1 26,927 N/A * * * * * ENGINEERING MAJORS Aerospace/Aeronautical/Astronautical Engineering 2 68,000 42,000 * * * * * Agricultural Engineering ,000 * * * * * Bioengineering & Biomedical Engineering + + N/A * * * * * Chemical Engineering ,000 * * * * * Civil Engineering 4 49,250 49,500 * * * * * Computer Engineering 2 61,500 83,900 * * * * * Electrical/Electronics & Communications Engineering 15 79,233 67,298 * * * * * Industrial/Manufacturing Engineering 2 67,000 55,000 * * * * * Mechanical Engineering 9 66,202 70,500 * * * * * Metallurgical Engineering (incl. ceramic science/eng.) ,250 * * * * * Mining & Mineral Engineering (incl. geological) ,769 * * * * * Nuclear Engineering (incl. engineering physics) 1 70,000 N/A * * * * * Petroleum Engineering ,000 * * * * * HEALTH SCIENCES MAJORS Health & Related Sciences ,000 * * * * * Nursing + + N/A * * * * * HUMANITIES & SOCIAL SCIENCES MAJORS Humanities 4 47,500 N/A * * * * * Psychology 1 70,000 31,000 * * * * * Social Sciences 2 56,500 45,000 * * * * * N/A - No historic data available. 1 Further information on starting salaries for education majors is available from AAEE. 18 Salary Survey / Winter No offers reported. ** Not computed if number of offers is fewer than 20 for current or previous year. Continued...

19 Average Yearly Salary Offers Master s Degree Candidates (Data Combined for Men and Women) Percent Change Of Offers Average $ Offer In $ Offers From Graduate Program January January January January Percentiles th 50th 75th Continued... SCIENCES MAJORS Agriculture & Natural Resources + + $25,000 * * * * * Architecture & Related Programs ,640 * * * * * Biological Sciences/Life Sciences + + N/A * * * * * Chemistry ,000 * * * * * Computer Sciences 16 $71,443 52,500 * * * * * Geological & Related Sciences ,000 * * * * * Materials Science ,000 * * * * * Mathematics (incl. statistics/actuarial) ,000 * * * * * Physics 2 45,000 65,500 * * * * * 110 Doctoral Degree Candidates (Data Combined for Men and Women) BUSINESS MAJORS Business Administration/Management 1 $90,000 $128,000 * * * * * Economics (Business/Managerial) 1 52,500 65,771 * * * * * Finance + + N/A * * * * * EDUCATION MAJORS Education Administration/Supervision 1 86,000 68,000 * * * * * ENGINEERING MAJORS Aerospace/Aeronautical/Astronautical Engineering 2 71,500 42,000 * * * * * Chemical Engineering 15 80,857 83,606 * * * * * Civil Engineering 2 58,500 75,500 * * * * * Computer Engineering ,750 * * * * * Electrical/Electronics & Communications Engineering 3 75,413 82,300 * * * * * Industrial/Manufacturing Engineering 1 100,000 70,000 * * * * * Mechanical Engineering 4 86,250 80,800 * * * * * Metallurgical Engineering (incl. ceramic science/eng.) + + N/A * * * * * HUMANITIES & SOCIAL SCIENCES MAJORS English Language & Literature/Letters + + N/A * * * * * Foreign Languages & Literatures 1 52,000 N/A * * * * * Humanities ,500 * * * * * Psychology 1 62,000 42,000 * * * * * Social Sciences ,320 * * * * * SCIENCES MAJORS Agriculture & Natural Resources ,000 * * * * * Biological Sciences/Life Sciences 2 46,375 45,288 * * * * * Chemistry 9 82,045 73,167 * * * * * Computer Sciences 4 101,432 87,250 * * * * * Geological & Related Sciences ,750 * * * * * Mathematics (incl. statistics/actuarial) 2 45,000 52,500 * * * * * Physics 1 68,000 51,500 * * * * * 50 N/A - No historic data available. 1 Further information on starting salaries for education majors is available from AAEE. + No offers reported. ** Not computed if number of offers is fewer than 20 for current or previous year. Salary Survey / Winter

20 continued from page 1 Conversely, the types of positions most offered to students graduating with finance degrees were the drivers of an increase to their average salary offer, which rose 1.9 percent to $50,535. Finance graduates offered financial/treasury analysis positions received an average offer of $52,022, while those offered investment banking (sales and training) positions received even higher offers that averaged $62,667. Meanwhile, marketing majors saw their average salary offers dip by 1.3 percent to $41,948. Retail/wholesale employers made slightly higher offers ($44,429) to these majors. In the broad category of computer sciences which is composed of four individual majors: computer programming, computer science, computer systems analysis, and information sciences and systems the overall picture isn t as bright as it was last year at this time. Then, the group started the Salary Survey reporting season with a 6.1 percent increase to their average salary offer, raising it to $59,570; in this report, the average offer slipped by 1.1 percent to $58,921. The only individual major of the group having enough reported offers to post a percentage change was computer science; their average salary offer rose almost 1 percent to $61,783. Even though salary offers to engineering graduates remained nearly level a slight 0.3 percent increase to $59,435 this group found out last year that things can change during the course of the recruiting season. Engineering graduates had a brighter outlook at the start of last year, posting a 1.2 percent increase as noted in the Winter 2010 Salary Survey report. However, they ended the recruiting year with a 1.7 percent decrease that was reported in the Fall 2010 Salary Survey report. Within the individual engineering disciplines, electrical engineering majors fared the best as their average salary offer jumped 4.4 percent to $61,690. Offers made by engineering services employers to these particular graduates came in the largest numbers and higher than the overall average ($63,036). Engineering services firms also made the most offers to all bachelor s degree graduates in this report. (See Figure 2.) Mechanical engineering graduates also saw a healthy increase 3.8 percent to their average salary offer, which now stands at $60,598. Not surprisingly, engineering services employers offered them a significant number of positions that averaged $63,476. On the other end, chemical engineering and civil engineering majors saw decreases to their average salary offers. The average offer to chemical engineering graduates dipped by 0.8 percent to $64,641. But the news isn t all Figure 2: Top Employers for Bachelor s Degree Graduates* Employer Type Average Salary Offer Engineering Services $60,003 Accounting Services $49,072 Retail/Wholesale Trade $44,424 Banking (Investment) $63,325 Consulting Services $60,842 Financial Services $53,888 Computer Systems Design/ Consulting/Programming $52,797 Educational Services $31,226 Petroleum & Coal Products $78,309 Transportation Services $43,291 * Where more than 20 offers were reported bad: Although they saw a decrease, their average salary offer stands as one of the highest-paid majors in this report. There were no such bright spots for civil engineering graduates. This group experienced the most significant change to an average salary offer in this discipline. Unfortunately, it was a decrease of 7.1 percent, which brought the average offer for civil engineers to $48,885. In addition, the number of offers reported for these majors is down 25 percent from last year. Liberal arts majors, as a group, also have a limited data supply at this time. But, their reported average salary offer has bounced back from last year, and is up 9.5 percent to $35,633. This comes in sharp contrast to last year, when they watched their average offer fall almost 11 percent in the Winter 2010 Salary Survey report. The total number of offers reported in Winter 2010 was down 29 percent from Winter 2009, with the same number of schools providing data. The number of offers reported in Winter 2011 is nearly the same as the number reported this time last year. Still, it s important to keep in mind that the number of offers reported in this first look at average salary offers to Class of 2011 graduates is just a small proportion of the total offers that will be reported by the end of the recruiting year. NACE will release the second issue of Salary Survey for 2011 in April, and will take a final look at employer hiring projections for the Class of 2011 in the NACE Job Outlook 2011 Spring Update survey, which will be released in late March. Copyright 2011 by the No part of this publication may be used, adapted, or reproduced in any manner without written permission. 420 Salary Salary Survey Survey / Winter / Spring