SALARY SURVEY NACE SEPTEMBER Featuring:

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1 TOP-PAYING INDUSTRIES pg. 8 SALARIES BY MAJOR pg. 10 SALARIES BY MAJOR BY INDUSTRY pg. 14 NACE SALARY SURVEY STARTING SALARIES FOR NEW COLLEGE GRADUATES DATA REPORTED BY EMPLOYERS SEPTEMBER 2014 Featuring: Top Industries Individual Majors Top-Hiring Industries Major by Occupational Position Industry Top-Paying Positions All Data Reported by Employers

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3 TABLE OF CONTENTS About the Survey... 4 How to Read Salary Survey... 4 Executive Summary... 6 Top-Paying Industries Bachelor s Degrees... 8 Top-Hiring Industries Bachelor s Degrees... 9 Starting Salary by Academic Major Bachelor s Degrees Salary Ranges Business Majors Salary Ranges Engineering Majors Salary Ranges Humanities Majors Salary Ranges Social Sciences Majors Salary Ranges Math & Science Majors Top Industries for Individual Majors Bachelor s Degrees Top Majors Within Individual Industries Bachelor s Degrees Major by Occupational Position (Bachelor s Degrees) Industry Occupational Position by Major (Bachelor s Degrees) Industry Top-Paying Positions Top-Paying Industries Master s Degrees Starting Salary by Academic Major Master s Degrees Top Industries for Individual Majors Master s Degrees Salary Ranges Master s Degree Business Majors Salary Ranges Master s Degree Engineering Majors Salary Ranges Master s Degree Humanities Majors Salary Ranges Master s Degree Social Sciences Majors Top Majors Within Individual Industries Master s Degrees Top-Paying Positions Major by Occupational Position (Master s Degrees) Industry Occupational Position by Major (Master s Degrees) Industry RESEARCH STAFF Director of Foundation and Strategic Research: Edwin Koc Employment Information Manager: Andrea Koncz Research Associate: Kenneth Tsang Research Assistant: Anna Longenberger Copyright 2014 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. Salary Survey 3

4 ABOUT THE SURVEY Data contained in the NACE Salary Survey are produced through a compilation of data derived from the U.S. Bureau of Labor Statistics, the U.S. Census Bureau, and a master data set developed by Job Search Intelligence. Data for the September 2014 Salary Survey report were retrieved in July 2014, and were compiled using a proprietary methodology created by Job Search Intelligence. Salary Survey (ISSN ) is available to individuals holding membership in the National Association of Colleges and Employers; it is also available on a subscription basis. The Salary Survey report is published three times a year January, April, and September by the National Association of Colleges and Employers, 62 Highland Ave., Bethlehem, PA For more information, see or contact NACE at ADDITIONAL DATA AVAILABLE ONLINE: Additional data are available to NACE members and Salary Survey subscribers through the Salary Survey Online tool ( Featuring data updated monthly, the tool provides in-depth national and regional salary data for new college graduates by industry. HOW TO READ SALARY SURVEY (Page Key: Bachelor s/master s) STARTING SALARY BY ACADEMIC MAJOR... PG. 10/53 In this section, you will find the average starting salary according to the major field of study, with no regard to the type of position or type of employer reporting the salary. Refer to this section when you want to know the starting salary for a graduate holding a degree in a specific discipline, such as accounting or computer science. TOP INDUSTRIES INDIVIDUAL MAJORS... PG. 14/54 This section shows data first by the major field of study, then by the type of employer (industry) reporting the salaries. Employer types are listed in descending order by number of reported new graduate entrants. See this section when you want the average starting salary reported by a specific type of employer to a graduate earning a degree in a specific major. This section may also be particularly helpful in examining the employer types that hire the most new graduates of a particular major. (Example: Average salary that manufacturing firms are reporting for electrical engineering graduates. Also, the other industries that are hiring the most electrical engineering graduates and their corresponding average salaries.) TOP MAJORS INDIVIDUAL INDUSTRIES... PG. 23/59 This section contains the same basic information as Top Industries/Individual Majors, but in a different order. You will see data by a specific type of employer (industry), then according to the average salary by major field of study. Majors are listed in descending order by number of reported new grad entrants. Use this section to find the average starting salary reported by a specific type of employer to a graduate in a specific major, and to identify which majors were most hired into a specific industry. (Example: Majors hired by construction firms, and their corresponding average starting salaries.) MAJOR BY OCCUPATIONAL POSITION INDUSTRY... PG. 30/62 This section shows data first by the major field of study, then according to the employers (industries) that reported specific occupational positions and their corresponding average salaries. Industries and occupational positions are both listed in alphabetical order. Use this section when you need information about the average salary for a graduate with a specific major for a specific occupational position. (Example: Average starting salary for an economics graduate hired in the banking industry performing as a financial manager.) 4 Salary Survey

5 OCCUPATIONAL POSITION BY MAJOR INDUSTRY... PG. 41/67 This section contains the same information as Major by Occupational Position/Industry, but with the data rearranged. It first shows data by occupational position, then by the employers (industries) that hired specific majors. Industries and majors are both listed in alphabetical order. See this section when you need to know the average starting salary for a specific occupational position held by a graduate with a certain major. (Example: Average starting salary for an elementary or middle school teacher who majored in mathematics.) SALARY SURVEY The September 2014 Salary Survey report contains employer-based data from approximately 400,000 employers; gathered from government and other sources, the data are actual starting salaries, not offers. NACE Custom Research Your Target Audience: What Do They Want? Get hard data on the attitudes and behaviors of your target students. Get reports based on current data from nearly 60,000 college students nationwide, plus historical data for trends analysis. Field your own survey with NACE s Student Panel. Contact NACE Research: , research@naceweb.org Salary Survey 5

6 EXECUTIVE SUMMARY The overall average starting salary for Class of 2014 college graduates stands at $48,707, up 7.5 percent from the average of $45,327 posted by the Class of 2013 at this time last year. Driving the sizable overall salary increase are the gains made by the communications and computer science disciplines, which are the biggest for Class of 2014 graduates. (See Figure 1.) This is especially good news for computer science graduates, who were the only group who saw their overall average salary decrease last year. FIGURE 1 AVERAGE SALARIES BY DISCIPLINE Broad Category 2014 Average Salary 2013 Average Salary Percent Change Business $57,229 $55, % Communications $48,253 $43, % Computer Science $62,103 $58, % Education $40,267 $40, % Engineering $62,891 $62, % Humanities & Social Sciences $38,049 $37, % Math & Sciences $44,299 $42, % Overall $48,707 $45, % BUSINESS Average starting salaries for graduates within the business disciplines rose 2.9 percent to $57,229. The average salaries for all majors in this category improved, but logistics/materials management majors and marketing majors fared the best, with doubledigit increases of 11.4 percent and 10.8 percent, respectively. COMMUNICATIONS Graduates in the communications disciplines witnessed the largest overall increase in this report 10.1 percent bumping up their overall average starting salary to $48,253. The main reason for the overall average increase to the group is that the average salary reported for students majoring specifically in communications rose 17.5 percent to $52,300. Also, professional services employers who paid starting salaries that averaged $56,100 reported the most salaries for these particular majors. COMPUTER SCIENCES As a group, graduates in the computer sciences disciplines saw their overall average starting salary bounce back from a 2.5 percent decrease last year to a 6.1 percent increase this year. The overall average now stands at $62,103. Students majoring specifically in computer science saw an increase of 5.3 percent, bringing their average starting salary to $67,500. Meanwhile, information sciences and systems majors saw an even higher increase 6.5 percent as their average starting salary climbed to $58,800. EDUCATION The average starting salary for education majors overall remained fairly level, slipping by just 0.2 percent to $40,267. Although most of the individual education majors saw their average starting salaries decrease slightly, two majors posted small increases. Elementary teacher education majors now earn an average starting salary of $39,700 up 1.8 percent over last year s average; physical education teaching majors now start at an average salary of $43,000, a 0.7 percent increase. ENGINEERING Engineering graduates saw their overall average starting salary nudge up 1.3 percent to $62,891. Industrial/manufacturing engineering disciplines saw the largest increase to their average starting salaries (nearly 5 percent to $57,100); computer engineering 6 Salary Survey

7 $75,000 $70,000 $65,000 $60,000 $55,000 $50,000 $45,000 $40,000 $35,000 $30,000 $25,000 FIGURE 2 SALARY RANGES BY DISCIPLINE $72,731 $68,125 $54,366 $59,572 $45,975 $58,951 $47,482 $43,785 $36,335 $74,845 $60,114 $49,996 $45,726 $44,350 $38,986 $36,450 $33,979 $29,963 $59,027 $52,331 $51,362 $44,153 $42,366 $34,930 Business Communications Computer Science Education Engineering Humanities & Social Sci. Health Sciences Math & Science graduates saw the largest decrease (2 percent to $68,900). Even the highest-paid engineering major petroleum engineering saw a small decrease of 1.8 percent, dropping the average starting salary to $94,500. HEALTH SCIENCES Nursing graduates saw their average starting salary jump by a healthy 6.3 percent to $55,300. The average starting salary for health and related sciences majors, however, stood pat at $46,800. HUMANITIES AND SOCIAL SCIENCES Overall, the average starting salary for graduates in the humanities and social sciences crept up less than 1 percent from last year to $38,049. More of the majors reported within this group saw decreases to their average starting salaries than increases, but the decreases were mainly less than 2 percent. The largest decrease reported was for history majors, who saw their average starting salary drop 6.4 percent to $39,400. Among the majors that saw increases, criminal justice saw the highest at 11.5 percent, raising the average starting salary to $38,800. MATHEMATICS AND SCIENCES Graduates earning degrees in the math and sciences disciplines saw reasonable movement in their average starting salary. The overall average salary for the group rose 3.7 percent over last year, making it $44,299. Contributing to the healthy gain is the fact that all reported majors in the group posted increases, which ranged from 1.4 percent for mathematics majors (to $50,500) to 10.1 percent for architecture majors (to $45,900). A final look at salaries for the Class of 2014 will be available in the January 2015 Salary Survey report. In addition, NACE will publish its Job Outlook 2015 survey report in late fall. This first hiring outlook for graduates will include information on employment-related issues in order to project the job market for new college graduates. Salary Survey 7

8 TOP-PAYING INDUSTRIES The chart below shows the top five industries that paid the highest starting salaries to 2014 bachelor s degree graduates, regardless of major. The number of new graduate entrants reported by each particular industry is also listed here. 95,000 $97,100 Average Starting Salary 85,000 75,000 65,000 $55, ,100 Mining, Quarrying, and Oil and Gas Extraction $61,490 $58,033 $57,892 $57,683 Management of Companies and Enterprises 600 Construction Manufacturing Top-Paying Industries/Number of New Grad Entrants 45,700 47,600 Finance and Insurance INDUSTRY DEFINITIONS Mining, Quarrying, and Oil and Gas Extraction: This sector comprises establishments that extract naturally occurring mineral solids, such as coal and ores; liquid minerals, such as crude petroleum; and gases, such as natural gas. Management of Companies and Enterprises: This sector comprises 1) establishments that hold the securities of companies and enterprises for the purpose of owning a controlling interest or influencing management decisions, or 2) establishments that administer, oversee, and manage establishments of the company or enterprise. Construction: The construction sector comprises establishments primarily engaged in the construction of buildings or engineering products (e.g., highways and utility systems). Manufacturing: The manufacturing sector comprises establishments engaged in the mechanical, physical, or chemical transformation of materials, substances, or components into new products. Finance and Insurance: This sector includes establishments primarily engaged in financial transactions and/or in facilitating financial transactions. Source: U.S. Census Bureau, North American Industry Classification System (NAICS), Salary Survey

9 TOP-HIRING INDUSTRIES This chart shows the top five industries that reported the highest number of new graduate entrants for 2014 bachelor s degree graduates, regardless of major. The average starting salary reported by each particular industry is also listed here. Number of New Grad Entrants 200, , ,000 50, ,400 Educational Services 131, ,400 Professional, Scientific, and Technical Services Healthcare and Social Assistance 88,000 47,600 $41,923 $55,535 $45,222 $50,026 $57,683 Federal, State, and Local Govt. (OES Designation) Top-Hiring Industries/Average Starting Salaries Finance and Insurance INDUSTRY DEFINITIONS Educational Services: This sector comprises establishments that provide instruction and training in a wide variety of subjects. The instruction and training is provided by establishments such as schools, colleges, universities, and training centers. Professional, Scientific, and Technical Services: This sector comprises establishments that specialize in performing professional, scientific, and technical activities for others. These activities require a high degree of expertise and training. (Examples include accounting, bookkeeping, payroll services, architectural, engineering, and computer services.) Healthcare and Social Assistance: The Healthcare and Social Assistance sector comprises establishments providing healthcare and social assistance for individuals. The sector includes both healthcare and social assistance because it is sometimes difficult to distinguish between the boundaries of these two activities. Federal, State, and Local Government (OES Designation): Federal, State, and Local Government, excluding state and local schools and hospitals, and the U.S. Postal Service. Finance and Insurance: This sector includes establishments primarily engaged in financial transactions and/or in facilitating financial transactions. Source: U.S. Census Bureau, North American Industry Classification System (NAICS), Salary Survey 9

10 STARTING SALARY BY ACADEMIC MAJOR BACHELOR S DEGREES Academic Major Average Starting Salary Percent Change in Starting Salaries 25th Percentile 50th Percentile 75th Percentile AGRICULTURE and NATURAL RESOURCES MAJORS Conservation/Renewable Natural Resources $33,800 $31, % $29,000 $33,200 $37,300 Agricultural Sciences $47,200 $45, % $36,500 $45,500 $56,200 BUSINESS MAJORS Accounting $55,600 $53, % $43,000 $53,100 $63,100 Business Administration/ Management Business Systems Networking/ Telecommunications $58,200 $56, % $44,700 $55,200 $70,200 $57,300 *** N/A $45,100 $54,800 $66,700 Economics (Business/Managerial) $58,900 $56, % $44,400 $56,000 $69,500 Finance $59,500 $58, % $45,100 $56,500 $70,600 Hospitality Services Management $40,200 *** N/A $30,600 $38,600 $45,400 International Business $46,100 *** N/A $34,900 $44,100 $53,400 Logistics/Materials Management $66,300 $59, % $49,300 $62,100 $76,800 Management Information Systems/Business Marketing/Marketing Mgmt. (incl. mktg. research) $65,000 $60, % $49,500 $62,200 $74,800 $57,500 $51, % $43,600 $54,200 $72,100 COMMUNICATIONS MAJORS Advertising $47,100 $47, % $35,200 $45,200 $55,700 Communications $52,300 $44, % $40,100 $49,800 $65,100 Journalism $42,400 $41, % $30,900 $40,400 $51,900 COMPUTER SCIENCE MAJORS Computer Science $67,500 $64, % $51,700 $64,100 $78,500 Information Sciences and Systems $58,800 $55, % $44,900 $55,800 $69,200 SALARY RANGES BUSINESS MAJORS $75,000 $70,000 $70,200 $69,500 $70,600 $74,800 $72,100 $65,000 $60,000 $55,000 $50,000 $45,000 $40,000 $63,100 $55,200 $56,000 $53,100 $43,000 $44,700 $44,400 $45,100 $56,500 $62,200 $54,200 $49,500 $43,600 $35,000 $30,000 ***Not reported. Accounting Business Administration Economics Finance Management Information Marketing Systems 10 Salary Survey

11 STARTING SALARY BY ACADEMIC MAJOR BACHELOR S DEGREES Academic Major Average Starting Salary Percent Change in Starting Salaries 25th Percentile 50th Percentile 75th Percentile EDUCATION MAJORS Elementary Teacher Education $39,700 $39, % $33,600 $38,400 $45,100 Physical Education Teaching/ Coaching $43,000 $42, % $36,200 $41,800 $48,800 Pre-Elementary Teacher Education $36,100 $36, % $30,300 $34,800 $40,800 Secondary Education $41,300 $41, % $35,200 $40,000 $47,200 Special Education $43,500 $45, % $36,100 $42,300 $49,200 Specific Academic/Vocational Teacher Education $40,800 $41, % $34,500 $39,500 $46,400 SALARY RANGES ENGINEERING MAJORS $115,000 $100,000 $85,000 $70,000 $55,000 $40,000 $80,400 $62,900 $53,100 $110,100 $91,700 $79,700 $80,700 $71,500 $76,600 $75,200 $71,600 $65,000 $65,300 $57,300 $60,900 $61,000 $53,900 $53,500 $50,600 $50,500 $48,300 Aerospace Chemical Civil Computer Elec trical Engineering Mechanical Petroleum SALARY RANGES HUMANITIES MAJORS $50,000 $45,000 $48,000 $45,000 $48,000 $42,500 $40,000 $38,300 $37,900 $41,100 $35,000 $30,000 $31,900 $33,200 $35,500 $33,800 $25,000 $27,100 English Histo ry Liberal Arts/General Studies Visual and Performing Arts Salary Survey 11

12 STARTING SALARY BY ACADEMIC MAJOR BACHELOR S DEGREES Academic Major Average Starting Salary Percent Change in Starting Salaries 25th Percentile 50th Percentile 75th Percentile ENGINEERING MAJORS Aerospace/Aeronautical/ Astronautical Engineering Bioengineering and Biomedical Engineering $65,500 $63, % $53,100 $62,900 $80,400 $47,300 $46, % $35,800 $44,800 $57,200 Chemical Engineering $67,300 $66, % $53,900 $65,000 $79,700 Civil Engineering $60,000 $58, % $48,300 $57,300 $71,500 Computer Engineering $68,900 $70, % $53,500 $65,300 $80,700 Electrical/Electronics and Communications Engineering $63,700 $62, % $50,600 $60,900 $76,600 Engineering Technology $62,700 $60, % $49,800 $59,700 $74,700 Industrial/Manufacturing Engineering $57,100 $54, % $47,300 $54,300 $67,800 Mechanical Engineering $63,700 $63, % $50,500 $61,000 $75,200 Petroleum Engineering $94,500 $96, % $71,600 $91,700 $110,100 HEALTH SCIENCES Health and Related Sciences $46,800 *** N/A $38,600 $45,200 $51,800 Nursing $55,300 $52, % $45,900 $53,300 $61,300 HOME ECONOMICS MAJORS Home Economics $34,400 $32, % $28,300 $33,100 $38,500 HUMANITIES & SOCIAL SCIENCES MAJORS Criminal Justice and Corrections $38,800 $34, % $30,500 $37,400 $44,400 English Language and Literature/ Letters $40,100 $40, % $31,900 $38,300 $48,000 SALARY RANGES SOCIAL SCIENCES MAJORS $55,000 $52,200 $50,000 $45,000 $40,000 $35,000 $30,000 $25,000 $44,400 $42,800 $41,900 $41,700 $41,600 $37,400 $35,300 $35,400 $34,500 $35,700 $30,500 $29,400 $29,000 $28,800 Criminal Justice Political Science Psychology Social Work Sociology 12 Salary Survey

13 STARTING SALARY BY ACADEMIC MAJOR BACHELOR S DEGREES Academic Major Average Starting Salary Percent Change in Starting Salaries 25th Percentile 50th Percentile 75th Percentile HUMANITIES & SOCIAL SCIENCES MAJORS (continued) Foreign Languages and Literatures $46,100 *** N/A $37,700 $45,000 $51,500 History $39,400 $42, % $33,200 $37,900 $45,000 Liberal Arts and Sciences/General Studies $42,400 $43, % $35,500 $41,100 $48,000 Political Science/Government $43,500 $42, % $34,500 $41,600 $52,200 Psychology $36,900 $37, % $29,400 $35,300 $42,800 Social Work $37,100 $36, % $29,000 $35,700 $41,900 Sociology $36,800 $37, % $28,800 $35,400 $41,700 Visual and Performing Arts $35,600 $35, % $27,100 $33,800 $42,500 Other Humanities $32,800 $34, % $24,400 $31,200 $39,200 Other Social Sciences $41,700 $37, % $33,200 $39,800 $49,300 PARKS, RECREATION, LEISURE, & FITNESS MAJORS Parks/Recreation, Leisure/Fitness Studies, and Related Programs $34,600 $27, % $28,700 $33,600 $41,000 SCIENCES MAJORS Architecture and Related Programs $45,900 $41, % $36,400 $43,900 $53,300 Biological Sciences/Life Sciences $41,800 $41, % $33,000 $40,000 $49,000 Chemistry $46,300 $44, % $35,700 $43,900 $56,300 Construction Science/Management $60,400 $56, % $47,000 $57,400 $70,400 Mathematics (incl. statistics) $50,500 $49, % $40,700 $48,600 $58,900 Physics $41,300 *** N/A $30,700 $39,100 $53,100 SALARY RANGES MATH & SCIENCE MAJORS $75,000 $70,000 $65,000 $60,000 $55,000 $50,000 $45,000 $40,000 $35,000 $30,000 $70,400 $58,900 $56,300 $57,400 $53,300 $49,000 $53,100 $47,000 $48,600 $43,900 $40,000 $43,900 $36,400 $40,700 $39,100 $35,700 $33,000 $30,700 Architecture Biology Chemistry Construction Science Math/Statistics Physics ***Not reported. Salary Survey 13

14 TOP INDUSTRIES INDIVIDUAL MAJORS Major/Industry New Grad Entrants 2014 Average Salary AGRICULTURE and NATURAL RESOURCES MAJORS Conservation/Renewable Natural Resources Agriculture, Forestry, Fishing and Hunting 1,400 $33,500 Federal, State, and Local Government (excluding state and local schools and hospitals) 1,300 $26,400 Wholesale Trade 200 $36,000 Other Agricultural Sciences Educational Services 900 $47,200 Agriculture, Forestry, Fishing and Hunting 800 $39,200 Management of Companies and Enterprises 100 $81,900 BUSINESS MAJORS Accounting Professional, Scientific, and Technical Services 15,400 $55,700 Federal, State, and Local Government (excluding state and local schools and hospitals) 4,100 $53,000 Finance and Insurance 4,000 $56,200 Management of Companies and Enterprises 3,400 $56,500 Manufacturing 3,200 $56,700 Business Administration/Management Professional, Scientific, and Technical Services 32,900 $60,000 Finance and Insurance 24,600 $57,100 Federal, State, and Local Government (excluding state and local schools and hospitals) 16,600 $57,900 Management of Companies and Enterprises 11,900 $62,400 Manufacturing 11,800 $59,000 Educational Services 6,900 $57,500 Business Systems, Networking/Telecommunications Professional, Scientific, and Technical Services 1,000 $60,200 Information 400 $60,400 Educational Services 400 $49,600 Manufacturing 300 $55,600 Finance and Insurance 300 $60,000 Economics (Business/Managerial) Professional, Scientific, and Technical Services 8,800 $59,700 Finance and Insurance 5,600 $58,100 Federal, State, and Local Government (excluding state and local schools and hospitals) 3,600 $58,000 Management of Companies and Enterprises 2,300 $62,400 Manufacturing 1,600 $60, Salary Survey

15 TOP INDUSTRIES INDIVIDUAL MAJORS Major/Industry New Grad Entrants 2014 Average Salary Finance Finance and Insurance 6,100 $58,400 Professional, Scientific, and Technical Services 5,400 $60,700 Federal, State, and Local Government (excluding state and local schools and hospitals) 2,100 $57,500 Management of Companies and Enterprises 1,900 $62,900 Manufacturing 1,400 $60,900 Hospitality Services Management Accommodation and Food Services 4,100 $39,700 Other Services (except Federal, State, and Local Government) 500 $41,600 Administrative and Support and Waste Management and Remediation Services 300 $41,800 Arts, Entertainment, and Recreation 300 $36,300 International Business Administrative and Support and Waste Management and Remediation Services 1,900 $43,200 Other Services (except Federal, State, and Local Government) 1,500 $24,500 Business Administration/Management $58, Average Salary $56, Average Salary 3.9% Increase Top Industries: $60,000 Professional, Scientific, and Technical Services $57,100 Finance and Insurance $57,900 Federal, State, and Local Government $62,400 Management of Companies and Enterprises 32,900 New grad entrants 24,600 New grad entrants 16,600 New grad entrants 11,900 New grad entrants Salary Survey 15

16 TOP INDUSTRIES INDIVIDUAL MAJORS Major/Industry New Grad Entrants 2014 Average Salary International Business (continued) Federal, State, and Local Government (excluding state and local schools and hospitals) 1,500 $54,100 Professional, Scientific, and Technical Services 1,200 $56,200 Health Care and Social Assistance 1,100 $45,700 Manufacturing 700 $56,600 Management of Companies and Enterprises 700 $55,500 Logistics/Materials Management Federal, State, and Local Government (excluding state and local schools and hospitals) 400 $70,000 Manufacturing 300 $66,800 Professional, Scientific, and Technical Services 200 $65,900 Management of Companies and Enterprises 200 $69,000 Transportation and Warehousing 100 $55,500 Management Information Systems/Business Professional, Scientific, and Technical Services 2,200 $63,700 Federal, State, and Local Government (excluding state and local schools and hospitals) 1,300 $68,200 Finance and Insurance 600 $65,000 Management of Companies and Enterprises 500 $67,900 Information 400 $66,100 Manufacturing 300 $67,900 Marketing/Marketing Mgmt. (incl. Mktg. Research) Professional, Scientific, and Technical Services 3,200 $60,700 Wholesale Trade 2,500 $56,500 Management of Companies and Enterprises 2,300 $63,700 Finance and Insurance 2,200 $58,800 Manufacturing 2,000 $59,600 Retail Trade 1,700 $43,400 Federal, State, and Local Government (excluding state and local schools and hospitals) 1,400 $58,400 Information 900 $63,700 COMMUNICATIONS MAJORS Advertising Professional, Scientific, and Technical Services 1,900 $50,500 Information 1,200 $43,800 Other Services (except Federal, State, and Local Government) 700 $44, Salary Survey

17 TOP INDUSTRIES INDIVIDUAL MAJORS Major/Industry New Grad Entrants 2014 Average Salary Advertising (continued) Educational Services 500 $45,400 Health Care and Social Assistance 400 $43,900 Federal, State, and Local Government (excluding state and local schools and hospitals) 400 $51,100 Communications Professional, Scientific, and Technical Services 4,000 $56,100 Educational Services 2,300 $51,100 Manufacturing 1,900 $54,200 Federal, State, and Local Government (excluding state and local schools and hospitals) 1,900 $54,300 Wholesale Trade 1,800 $49,700 Management of Companies and Enterprises 1,800 $58,000 Finance and Insurance 1,200 $56,600 Retail Trade 1,000 $36,100 Journalism Information 8,800 $42,000 Professional, Scientific, and Technical Services 1,900 $46,400 COMPUTER SCIENCES MAJORS Computer Science Professional, Scientific, and Technical Services 4,100 $64,900 Information 1,400 $70,700 Manufacturing 900 $72,000 Finance and Insurance 700 $69,800 Information Sciences and Systems Professional, Scientific, and Technical Services 5,800 $55,900 Information 2,100 $60,300 Federal, State, and Local Government (excluding state and local schools and hospitals) 1,700 $66,300 Finance and Insurance 1,100 $60,500 Manufacturing 900 $62,500 EDUCATION MAJORS Elementary Teacher Education Educational Services 21,400 $40,300 Health Care and Social Assistance 1,300 $29,000 Physical Education Teaching/Coaching Educational Services 4,800 $43,000 Salary Survey 17

18 TOP INDUSTRIES INDIVIDUAL MAJORS Major/Industry New Grad Entrants 2014 Average Salary Pre-Elementary Teacher Education Educational Services 4,700 $38,600 Health Care and Social Assistance 1,200 $26,400 Secondary Education Educational Services 4,600 $41,300 Special Education Educational Services 4,900 $43,500 Specific Academic/Vocational Teacher Education Educational Services 7,000 $41,100 ENGINEERING MAJORS Aerospace/Aeronautical/Astronautical Engineering Manufacturing 800 $63,100 Professional, Scientific, and Technical Services 600 $63,200 Federal, State, and Local Government (excluding state and local schools and hospitals) 400 $75,600 Bioengineering and Biomedical Engineering Manufacturing 1,800 $47,000 Professional, Scientific, and Technical Services 400 $47,800 Chemical Engineering Manufacturing 2,300 $67,900 Professional, Scientific, and Technical Services 1,100 $66,400 Civil Engineering Professional, Scientific, and Technical Services 3,600 $59,300 Federal, State, and Local Government (excluding state and local schools and hospitals) 2,100 $63,700 Construction 500 $57,600 Manufacturing 500 $53,200 Computer Engineering Professional, Scientific, and Technical Services 1,400 $66,200 Information 500 $72,500 Manufacturing 400 $73,500 Finance and Insurance 200 $71,300 Electrical/Electronics and Communications Engineering Professional, Scientific, and Technical Services 2,400 $61,700 Manufacturing 1,900 $62,100 Federal, State, and Local Government (excluding state and local schools and hospitals) 800 $73, Salary Survey

19 TOP INDUSTRIES INDIVIDUAL MAJORS Major/Industry New Grad Entrants 2014 Average Salary Electrical/Electronics and Communications Engineering (continued) Information 600 $64,300 Educational Services 600 $63,700 Engineering Technology Professional, Scientific, and Technical Services 3,400 $60,800 Manufacturing 1,700 $61,400 Federal, State, and Local Government (excluding state and local schools and hospitals) 1,300 $69,700 Information 700 $64,100 Industrial/Manufacturing Engineering Manufacturing 1,800 $56,700 Professional, Scientific, and Technical Services 300 $59,300 Mechanical Engineering Manufacturing 5,000 $61,000 Professional, Scientific, and Technical Services 3,800 $64,000 Federal, State, and Local Government (excluding state and local schools and hospitals) 1,600 $72,300 $60, Average Salary $58, Average Salary 3.4% Increase Civil Engineering $59,300 Professional, Scientific, and Technical Services $63,700 Federal, State, and Local Government $57,600 Construction $53,200 Manufacturing Top Industries: 3,600 New grad entrants 2,100 New grad entrants 500 New grad entrants 500 New grad entrants Salary Survey 19

20 TOP INDUSTRIES INDIVIDUAL MAJORS Major/Industry New Grad Entrants 2014 Average Salary Petroleum Engineering Mining, Quarrying, and Oil and Gas Extraction 400 $97,100 Professional, Scientific, and Technical Services 200 $86,100 HEALTH SCIENCES MAJORS Health and Related Sciences Health Care and Social Assistance 13,000 $46,800 Educational Services 2,800 $47,200 Federal, State, and Local Government (excluding state and local schools and hospitals) 900 $50,200 Nursing Health Care and Social Assistance 50,000 $55,200 Federal, State, and Local Government (excluding state and local schools and hospitals) 3,100 $57,500 HOME ECONOMICS MAJORS Home Economics Educational Services 2,900 $39,000 Health Care and Social Assistance 1,500 $25,100 HUMANITIES AND SOCIAL SCIENCES MAJORS Criminal Justice and Corrections Federal, State, and Local Government (excluding state and local schools and hospitals) Administrative and Support and Waste Management and Remediation Services 18,200 $39,100 3,700 $37,000 Health Care and Social Assistance 1,900 $38,100 Educational Services 1,300 $41,100 English Language and Literature/Letters Educational Services 3,100 $40,000 Information 600 $38,300 Professional, Scientific, and Technical Services 400 $42,800 Federal, State, and Local Government (excluding state and local schools and hospitals) 300 $40,700 Foreign Languages and Literatures Educational Services 6,500 $46,100 History Educational Services 9,500 $39,400 Professional, Scientific, and Technical Services 2,200 $38,600 Liberal Arts and Sciences/General Studies Educational Services 8,500 $42,400 Political Science/Government Educational Services 6,900 $43, Salary Survey

21 TOP INDUSTRIES INDIVIDUAL MAJORS Major/Industry New Grad Entrants 2014 Average Salary Political Science/Government (continued) Professional, Scientific, and Technical Services 3,900 $43,000 Federal, State, and Local Government (excluding state and local schools and hospitals) 3,000 $46,100 Psychology Educational Services 11,600 $39,500 Health Care and Social Assistance 10,700 $33,200 Federal, State, and Local Government (excluding state and local schools and hospitals) 4,200 $39,700 Professional, Scientific, and Technical Services 1,700 $36,900 Social Work Health Care and Social Assistance 6,800 $34,800 Federal, State, and Local Government (excluding state and local schools and hospitals) 3,800 $39,900 Educational Services 1,000 $42,000 Sociology Health Care and Social Assistance 8,200 $33,100 Federal, State, and Local Government (excluding state and local schools and hospitals) 3,700 $39,600 Educational Services 2,700 $44,100 Visual and Performing Arts Information 10,500 $35,600 Educational Services 9,900 $35,600 Professional, Scientific, and Technical Services 7,700 $37,800 Manufacturing 2,500 $35,500 Wholesale Trade 2,500 $31,000 Other Humanities Other Services (except Federal, State, and Local Government) 11,600 $28,100 Health Care and Social Assistance 7,800 $38,000 Educational Services 6,000 $32,800 Other Social Sciences Educational Services 6,200 $43,100 Health Care and Social Assistance 5,100 $38,100 Federal, State, and Local Government (excluding state and local schools and hospitals) 4,400 $43,800 Professional, Scientific, and Technical Services 2,900 $41,900 Salary Survey 21

22 TOP INDUSTRIES INDIVIDUAL MAJORS Major/Industry New Grad Entrants 2014 Average Salary PARKS/RECREATION, LEISURE, AND FITNESS MAJORS Parks/Recreation, Leisure/Fitness Studies, and Related Programs Educational Services 4,200 $34,000 Arts, Entertainment, and Recreation 1,700 $36,800 Federal, State, and Local Government (excluding state and local schools and hospitals) 700 $32,800 Health Care and Social Assistance 600 $35,600 Other Services (except Federal, State, and Local Government) 400 $33,000 SCIENCES MAJORS Architecture and Related Programs Professional, Scientific, and Technical Services 3,200 $45,600 Manufacturing 600 $46,000 Biological Sciences/Life Sciences Health Care and Social Assistance 10,300 $41,800 Educational Services 9,100 $40,800 Professional, Scientific, and Technical Services 2,600 $41,000 Federal, State, and Local Government (excluding state and local schools and hospitals) 2,300 $45,300 Chemistry Manufacturing 1,100 $47,900 Professional, Scientific, and Technical Services 1,200 $45,800 Educational Services 1,900 $44,200 Health Care and Social Assistance 500 $46,300 Federal, State, and Local Government (excluding state and local schools and hospitals) 600 $51,000 Construction Science/Management Construction 100 $60,200 Mathematics (incl. Statistics) Educational Services 6,300 $50,500 Finance and Insurance 1,000 $50,700 Professional, Scientific, and Technical Services 700 $49,000 Physics Educational Services 2,000 $40,400 Federal, State, and Local Government (excluding state and local schools and hospitals) 300 $45,900 Professional, Scientific, and Technical Services 100 $45, Salary Survey

23 TOP MAJORS INDIVIDUAL INDUSTRIES Industry/Major New Grad Entrants 2014 Average Salary Accommodation and Food Services Hospitality Services Management 4,100 $39,700 Administrative and Support and Waste Management and Remediation Services Criminal Justice and Corrections 3,700 $37,000 International Business 1,900 $43,200 Hospitality Services Management 300 $41,800 Agriculture, Forestry, Fishing, and Hunting Conservation/Renewable Natural Resources 1,400 $33,500 Other Agricultural Sciences 800 $39,200 Arts, Entertainment, and Recreation Parks/Recreation, Leisure/Fitness Studies and Related Programs 1,700 $36,800 Hospitality Services Management 300 $36,300 Construction Civil Engineering 500 $57,600 Construction Science/Management 100 $60,200 Educational Services Elementary Teacher Education 21,400 $40,300 Psychology 11,600 $39,500 Visual and Performing Arts 9,900 $35,600 History 9,500 $39,400 Biological Sciences/Life Sciences 9,100 $40,800 Liberal Arts and Sciences/General Studies 8,500 $42,400 Specific Academic/Vocational Teacher Education 7,000 $41,100 Business Administration/Management 6,900 $57,500 Political Science/Government 6,900 $43,200 Foreign Languages and Literatures 6,500 $46,100 Mathematics (incl. statistics) 6,300 $50,500 Other Social Sciences 6,200 $43,100 Other Humanities 6,000 $32,800 Special Education 4,900 $43,500 Physical Education Teaching/Coaching 4,800 $43,000 Pre-Elementary Teacher Education 4,700 $38,600 Secondary Education 4,600 $41,300 Parks/Recreation, Leisure/Fitness Studies and Related Programs 4,200 $34,000 English Language and Literature/Letters 3,100 $40,000 Salary Survey 23

24 TOP MAJORS INDIVIDUAL INDUSTRIES Industry/Major New Grad Entrants 2014 Average Salary Educational Services (continued) Home Economics 2,900 $39,000 Health and Related Sciences 2,800 $47,200 Sociology 2,700 $44,100 Communications 2,300 $51,100 Physics 2,000 $40,400 Chemistry 1,900 $44,200 Criminal Justice and Corrections 1,300 $41,100 Social Work 1,000 $42,000 Other Agricultural Sciences 900 $47,200 Electrical/Electronics and Communications Engineering 600 $63,700 Advertising 500 $45,400 Business Systems Networking/Telecommunications 400 $49,600 Federal, State, and Local Government (excluding state and local schools and hospitals) Criminal Justice and Corrections 18,200 $39,100 Business Administration/Management 16,600 $57,900 Other Social Sciences 4,400 $43,800 Psychology 4,200 $39,700 Accounting 4,100 $53,000 Social Work 3,800 $39,900 Sociology 3,700 $39,600 Economics (Business/Managerial) 3,600 $58,000 Nursing 3,100 $57,500 Political Science/Government 3,000 $46,100 Biological Sciences/Life Sciences 2,300 $45,300 Finance 2,100 $57,500 Civil Engineering 2,100 $63,700 Communications 1,900 $54,300 Information Sciences and Systems 1,700 $66,300 Mechanical Engineering 1,600 $72,300 International Business 1,500 $54,100 Marketing/Marketing Mgmt. (incl. mktg. research) 1,400 $58,400 Conservation/Renewable Natural Resources 1,300 $26,400 Management Information Systems/Business 1,300 $68,200 Engineering Technology 1,300 $69, Salary Survey

25 TOP MAJORS INDIVIDUAL INDUSTRIES Industry/Major New Grad Entrants 2014 Average Salary Federal, State, and Local Government (excluding state and local schools and hospitals) (continued) Health and Related Sciences 900 $50,200 Electrical/Electronics and Communications Engineering 800 $73,900 Parks/Recreation, Leisure/Fitness Studies and Related Programs 700 $32,800 Chemistry 600 $51,000 Logistics/Materials Management 400 $70,000 Advertising 400 $51,100 Aerospace/Aeronautical/Astronautical Engineering 400 $75,600 English Language and Literature/Letters 300 $40,700 Physics 300 $45,900 Finance and Insurance Business Administration/Management 24,600 $57,100 Finance 6,100 $58,400 Economics (Business/Managerial) 5,600 $58,100 Accounting 4,000 $56,200 Marketing/Marketing Mgmt. (incl. mktg. research) 2,200 $58,800 Communications 1,200 $56,600 Information Sciences and Systems 1,100 $60,500 Mathematics (incl. statistics) 1,000 $50,700 Computer Science 700 $69,800 Management Information Systems/Business 600 $65,000 Business Systems Networking/Telecommunications 300 $60,000 Computer Engineering 200 $71,300 Healthcare and Social Assistance Nursing 50,000 $55,200 Health and Related Sciences 13,000 $46,800 Psychology 10,700 $33,200 Biological Sciences/Life Sciences 10,300 $41,800 Sociology 8,200 $33,100 Other Humanities 7,800 $38,000 Social Work 6,800 $34,800 Other Social Sciences 5,100 $38,100 Criminal Justice and Corrections 1,900 $38,100 Home Economics 1,500 $25,100 Salary Survey 25

26 TOP MAJORS INDIVIDUAL INDUSTRIES Industry/Major New Grad Entrants 2014 Average Salary Healthcare and Social Assistance (continued) Elementary Teacher Education 1,300 $29,000 Pre-Elementary Teacher Education 1,200 $26,400 International Business 1,100 $45,700 Parks/Recreation, Leisure/Fitness Studies and Related Programs 600 $35,600 Chemistry 500 $46,300 Advertising 400 $43,900 Information Visual and Performing Arts 10,500 $35,600 Journalism 8,800 $42,000 Information Sciences and Systems 2,100 $60,300 Computer Science 1,400 $70,700 Advertising 1,200 $43,800 Marketing/Marketing Mgmt. (incl. mktg. research) 900 $63,700 Engineering Technology 700 $64,100 Electrical/Electronics and Communications Engineering 600 $64,300 English Language and Literature/Letters 600 $38,300 Computer Engineering 500 $72,500 Business Systems Networking/Telecommunications 400 $60,400 Management Information Systems/Business 400 $66,100 Management of Companies and Enterprises Business Administration/Management 11,900 $62,400 Accounting 3,400 $56,500 Economics (Business/Managerial) 2,300 $62,400 Marketing/Marketing Mgmt. (incl. mktg. research) 2,300 $63,700 Finance 1,900 $62,900 Communications 1,800 $58,000 International Business 700 $55,500 Management Information Systems/Business 500 $67,900 Logistics/Materials Management 200 $69,000 Other Agricultural Sciences 100 $81,900 Manufacturing Business Administration/Management 11,800 $59,000 Mechanical Engineering 5,000 $61,000 Accounting 3,200 $56,700 Visual and Performing Arts 2,500 $35, Salary Survey

27 TOP MAJORS INDIVIDUAL INDUSTRIES Industry/Major New Grad Entrants 2014 Average Salary Manufacturing (continued) Chemical Engineering 2,300 $67,900 Marketing/Marketing Mgmt. (incl. mktg. research) 2,000 $59,600 Communications 1,900 $54,200 Electrical/Electronics and Communications Engineering 1,900 $62,100 Bioengineering and Biomedical Engineering 1,800 $47,000 Industrial/Manufacturing Engineering 1,800 $56,700 Engineering Technology 1,700 $61,400 Economics (Business/Managerial) 1,600 $60,700 Finance 1,400 $60,900 Chemistry 1,100 $47,900 Computer Science 900 $72,000 Information Sciences and Systems 900 $62,500 Aerospace/Aeronautical/Astronautical Engineering 800 $63,100 International Business 700 $56,600 Architecture and Related Programs 600 $46,000 Civil Engineering 500 $53,200 Computer Engineering 400 $73,500 Business Systems Networking/Telecommunications 300 $55,600 Logistics/Materials Management 300 $66,800 Management Information Systems/Business 300 $67,900 Mining, Quarrying, and Oil and Gas Extraction Petroleum Engineering 400 $97,100 Other Services (except federal, state, and local government) Other Humanities 11,600 $28,100 International Business 1,500 $24,500 Advertising 700 $44,300 Hospitality Services Management 500 $41,600 Parks/Recreation, Leisure/Fitness Studies and Related Programs 400 $33,000 Professional, Scientific, and Technical Services Business Administration/Management 32,900 $60,000 Accounting 15,400 $55,700 Economics (Business/Managerial) 8,800 $59,700 Visual and Performing Arts 7,700 $37,800 Information Sciences and Systems 5,800 $55,900 Salary Survey 27

28 TOP MAJORS INDIVIDUAL INDUSTRIES Industry/Major New Grad Entrants 2014 Average Salary Professional, Scientific, and Technical Services (continued) Finance 5,400 $60,700 Computer Science 4,100 $64,900 Communications 4,000 $56,100 Political Science/Government 3,900 $43,000 Mechanical Engineering 3,800 $64,000 Civil Engineering 3,600 $59,300 Engineering Technology 3,400 $60,800 Marketing/Marketing Mgmt. (incl. mktg. research) 3,200 $60,700 Architecture and Related Programs 3,200 $45,600 Other Social Sciences 2,900 $41,900 Biological Sciences/Life Sciences 2,600 $41,000 Electrical/Electronics and Communications Engineering 2,400 $61,700 Management Information Systems/Business 2,200 $63,700 History 2,200 $38,600 Advertising 1,900 $50,500 Journalism 1,900 $46,400 Psychology 1,700 $36,900 Computer Engineering 1,400 $66,200 International Business 1,200 $56,200 Chemistry 1,200 $45,800 Chemical Engineering 1,100 $66,400 Business Systems Networking/Telecommunications 1,000 $60,200 Mathematics (incl. statistics) 700 $49,000 Aerospace/Aeronautical/Astronautical Engineering 600 $63,200 Bioengineering and Biomedical Engineering 400 $47,800 English Language and Literature/Letters 400 $42,800 Industrial/Manufacturing Engineering 300 $59,300 Logistics/Materials Management 200 $65,900 Petroleum Engineering 200 $86,100 Physics 100 $45,600 Retail Trade Marketing/Marketing Mgmt. (incl. mktg. research) 1,700 $43,400 Communications 1,000 $36, Salary Survey

29 TOP MAJORS INDIVIDUAL INDUSTRIES Industry/Major New Grad Entrants 2014 Average Salary Transportation and Warehousing Logistics/Materials Management 100 $55,500 Wholesale Trade Marketing/Marketing Mgmt. (incl. mktg. research) 2,500 $56,500 Visual and Performing Arts 2,500 $31,000 Communications 1,800 $49,700 Conservation/Renewable Natural Resources 200 $36,000 Subscribe to Salary Survey Get starting salary data for 90+ majors All data are reported by employers Join Data are reported by major, industry, and job function Three reports a year (January, April, September) Annual subscription: $315 Reports range from approximately pages. Get Salary Survey Become a member of NACE and get Salary Survey as part of your membership package. Learn more/subscribe: or contact NACE, membership/index.aspx Salary Survey 29

30 MAJOR BY OCCUPATIONAL POSITION INDUSTRY Major/Industry Occupation 2014 Average Salary AGRICULTURE and NATURAL RESOURCES MAJORS Conservation/Renewable Natural Resources Agriculture, Forestry, Fishing and Hunting Conservation Scientists and Foresters $43,800 Agriculture, Forestry, Fishing and Hunting Agricultural Sciences Miscellaneous Agricultural Workers, including Animal Breeders $21,400 Agriculture, Forestry, Fishing and Hunting Farmers, Ranchers, and Other Agricultural Managers $42,700 Educational Services Elementary and Middle School Teachers $44,000 BUSINESS MAJORS Accounting Finance and Insurance Financial Managers $74,900 Professional, Scientific, and Technical Services Accountants and Auditors $55,000 Business Administration/Management Accommodation and Food Services Food Service Managers $40,000 Construction Construction Managers $59,600 Educational Services Education Administrators $61,500 Educational Services Elementary and Middle School Teachers $42,300 Finance and Insurance Claims Adjusters, Appraisers, Examiners and Investigators $50,700 Finance and Insurance Financial Managers $68,900 Information Computer and Information Systems Managers $90,400 Information Computer Systems Analysts $64,800 Information Software Developers, Applications and Systems Software $77,000 Management of Companies and Enterprises Miscellaneous Managers $66,200 Manufacturing General and Operations Managers $54,100 Professional, Scientific, and Technical Services Accountants and Auditors $53,800 Professional, Scientific, and Technical Services Management Analysts $57,000 Professional, Scientific, and Technical Services Marketing and Sales Managers $66,900 Professional, Scientific, and Technical Services Personal Financial Advisors $44,100 Wholesale Trade Purchasing Agents, except Wholesale, Retail, and Farm Products $50,700 Wholesale Trade Wholesale and Retail Buyers, except Farm Products $44,500 Business Systems Networking/Telecommunications Information Network and Computer Systems Administrators $57,600 Economics (Business/Managerial) Finance and Insurance Financial Managers $71,900 Information Computer Systems Analysts $64,900 Management of Companies and Enterprises Human Resources Workers $42, Salary Survey

31 MAJOR BY OCCUPATIONAL POSITION INDUSTRY Major/Industry Occupation 2014 Average Salary Economics (Business/Managerial) (continued) Management of Companies and Enterprises Management Analysts $56,600 Manufacturing Miscellaneous Managers $70,600 Professional, Scientific, and Technical Services Accountants and Auditors $55,200 Professional, Scientific, and Technical Services Market Research Analysts and Marketing Specialists $49,300 Professional, Scientific, and Technical Services Paralegals and Legal Assistants $40,800 Professional, Scientific, and Technical Services Personal Financial Advisors $45,600 Finance Federal, State, and Local Government (OES Designation) Miscellaneous Managers $69,300 Finance and Insurance Credit Analysts $59,100 Finance and Insurance Financial Analysts $67,300 Finance and Insurance Financial Managers $76,700 Information Computer Systems Analysts $64,500 Professional, Scientific, and Technical Services Accountants and Auditors $55,200 Finance Top-Paying Occupations $59, Average Salary $58, Average Salary 2.4% Increase $76,700 Financial Managers $69,300 Miscellaneous Managers $67,300 Financial Analysts Salary Survey 31