SALARY SURVEY NACE SEPTEMBER Featuring:

Transcription

1 TOP PAYING INDUSTRIES pg. 6 SALARIES BY MAJOR pg. 8 SALARIES BY MAJOR BY INDUSTRY pg. 12 NACE SALARY SURVEY STARTING SALARIES FOR NEW COLLEGE GRADUATES DATA REPORTED BY EMPLOYERS SEPTEMBER 2013 Featuring: Top Industries Individual Majors Top-Hiring Industries Major by Occupational Position Industry Top-Paying Positions All Data Reported by Employers

2 TABLE OF CONTENTS About the Survey... 3 How to Read Salary Survey... 3 Executive Summary... 4 Top-Paying Industries Bachelor s Degrees... 6 Top-Hiring Industries Bachelor s Degrees... 7 Starting Salary by Academic Major Bachelor s Degrees... 8 Salary Ranges Business Majors... 8 Salary Ranges Engineering Majors... 9 Salary Ranges Humanities Majors... 9 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 Top Industries Top Majors 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 Assistant: Anna Longenberger Copyright 2013 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 The September 2013 Salary Survey issue contains employer-based data from approximately 400,000 employers; gathered from government and other sources, the data are actual starting salaries, not offers. The September 2013 report is the second report containing salary data for the Class of Salary Survey

3 ABOUT THE SURVEY Data contained in the NACE Salary Survey are produced through a compilation of data derived from the Bureau of Labor Statistics, the Census Bureau, and a master data set developed by Job Search Intelligence. Data for the September 2013 Salary Survey report were retrieved in July 2013, and were compiled using a proprietary methodology created by Job Search intelligence. Salary Survey (ISSN ) is available to individuals holding organizational 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 organizational members and Salary Survey subscribers through the Salary Survey Online tool ( aspx). 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. 8/57 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. 12/58 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. 22/63 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. 30/66 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.) Salary Survey 3

4 OCCUPATIONAL POSITION BY MAJOR INDUSTRY... PG. 43/72 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.) EXECUTIVE SUMMARY The overall average starting salary for Class of 2013 graduates currently stands at $45,327, an increase of 2.4 percent over the reported average of $44,259 for Class of 2012 graduates. Bolstering this positive news is the fact that salary increases are not limited to certain fields of study that are carrying the class. In fact, they are evident in all disciplines except one, computer science. (See Figure 1.) FIGURE 1 AVERAGE SALARIES BY DISCIPLINE Broad Category 2013 Average Salary 2012 Average Salary Percent Change Business $55,635 $51, % Communications $43,835 $42, % Computer Science $58,547 $60, % Education $40,337 $39, % Engineering $62,062 $60, % Humanities & Social Sciences $37,791 $36, % Math & Sciences $42,731 $42, % Overall $45,327 $44, % BUSINESS Among the Class of 2013, the business disciplines experienced the largest increase to their overall average starting salary, which rose 7.9 percent to $55,635. Within this category, finance majors (10 percent) and business administration majors (6.7 percent) had the largest individual increases. COMMUNICATIONS The average starting salary for communications graduates increased by 3.7 percent on the high end for the Class of 2013 to $43,835. Within the individual disciplines, the average salary to advertising majors fell less than 1 percent to $47,300, but specific communications majors saw their average starting salary increase more than 5 percent to $44,500. COMPUTER SCIENCES As a group, graduates in the computer sciences field saw their overall average starting salary decrease 2.5 percent from $60,038 last year to $58,547 this year. However, students majoring specifically in computer science saw an increase of 3.1 percent, bringing their average starting salary to $64,100. Information sciences and systems majors saw a minor decrease of.5 percent to their average starting salary, as it slipped from $55,500 to $55,200. One factor contributing to this decrease is the type of positions that were reported for these graduates this year compared those reported last year. In last year s September 2012 Salary Survey report, the average starting salaries reported by information sciences and systems majors were in the $60,000 to $65,000 range; this year, although they ranged from a low of just $40,300 to a high of $63,900, most were near the upper-$50,000 range. EDUCATION Education majors not only saw their overall average salary bump up by 3.2 percent to $40,337, but all of the individual education fields also posted increases to 4 Salary Survey

5 $75,000 $70,000 $65,000 $60,000 $55,000 $50,000 $45,000 $40,000 $35,000 $30,000 $25,000 $65,839 $55,635 $42,943 FIGURE 2 SALARY RANGES BY DISCIPLINE $69,072 $74,061 $62,062 $58,547 $53,951 $51,308 $43,835 $45,807 $33,504 $45,801 $49,409 $44,585 $40,337 $42,731 $37,791 $34,078 $33,743 $30,226 Business Communications Computer Science Education Engineering Humanities & Social Sci. Math & Science their individual starting salary averages. The increases ranged from 1.7 percent for physical education majors to 7 percent for pre-elementary education graduates. ENGINEERING The overall average salary for engineering graduates rose 2.3 percent to $62,062. While some engineering disciplines saw large increases to their average starting salaries e.g. bioengineering majors posted a 10.1 percent increase some disciplines, such as computer engineering and aerospace engineering, saw decreases. As a group, however, engineering majors continue to earn the top salaries, as their individual fields command high pay. In fact, the highest-paid major in this report is petroleum engineering; the average starting salary for these majors approaches six-digits at $96,200. HEALTH SCIENCES Class of 2013 nursing graduates saw their average starting salary increase 1.8 percent to $52,000. Employers in the health care and social assistance employment sector reported a large number of salaries averaging $54,700 to these graduates. HUMANITIES AND SOCIAL SCIENCES Overall, the average starting salary to graduates in the humanities and social sciences increased 2.6 percent over last year, bringing it to $37,791. Of the 11 reported majors within this group, eight posted increases to their average starting salaries, while just three posted decreases. On the higher end of the majors with increases were sociology (10.8 percent to $37,000) and criminal justice (8.1 percent to $34,800). The lowest increase went to social work majors, who saw just 2.3 percent growth in their average starting salary ($36,000). On the other side, students graduating in the visual and performing arts saw their average starting salary drop 3 percent to $35,600 this year. MATHEMATICS AND SCIENCES Graduates earning degrees in the math and science disciplines saw the least movement in their average starting salary in this report. The overall average salary for the group rose just 0.9 percent over last year, which brings it to $42,731. While just one of the five reported majors construction science/management posted a small decrease of 1.7 percent, the remaining increases weren t quite large enough to offset it. Architecture majors saw a 2.7 percent increase in starting salaries, while biological sciences majors posted a similar increase of 2.2 percent. However, chemistry and mathematics graduates experienced incremental increases to their average starting salaries of 0.9 percent and 0.6 percent, respectively. The final Salary Survey report for Class of 2013 graduates will be published in early January Salary Survey 5

6 TOP-PAYING INDUSTRIES The chart below shows the top five industries that paid the highest starting salaries to 2013 bachelor s degree graduates, regardless of major. The number of new graduate entrants reported by each particular industry is also listed here. 85,000 $85,733 Average Starting Salary 75,000 65,000 55,000 $57,462 $57,153 $55,558 $53,964 $45,000 1,200 50,300 1,900 94,200 95,400 Mining, Quarrying, and Oil and Gas Extraction Management of Companies and Enterprises Construction Manufacturing Finance & Insurance Top-Paying Industries/Number of New Grad Entrants 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

7 TOP-HIRING INDUSTRIES This chart shows the top five industries that reported the highest number of new graduate entrants for 2013 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 550, , , , ,700 Educational Services 305,500 Professional, Scientific, & Technical Services 270,000 Healthcare & Social Assistance 203,500 95,400 $40,237 $48,880 $42,464 $45,993 $53,964 Federal, State, and Local Govt. (OES Designation) Top-Hiring Industries/Average Starting Salaries Finance & 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 - accounting, bookkeeping, payroll services, architectural, engineering, and computer services.) Healthcare and Social Assistance: This 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 7

8 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 $31,700 ** N/A $25,600 $30,900 $36,600 Agricultural Sciences $45,100 ** N/A $33,600 $44,000 $54,400 BUSINESS MAJORS Accounting $53,500 $50, % $41,600 $51,300 $60,900 Business Administration/ Management $56,000 $52, % $43,200 $53,500 $66,600 Economics (Business/Managerial) $56,300 $58, % $43,500 $53,800 $66,900 Finance $58,100 $52, % $44,600 $55,600 $67,700 Logistics/Materials Management $59,500 ** N/A $45,100 $56,300 $70,500 Management Information Systems/ Business Marketing/Marketing Mgmt. (incl. mktg. research) $60,300 ** N/A $46,800 $57,800 $71,000 $51,900 $53, % $39,900 $49,100 $64,300 COMMUNICATIONS MAJORS Advertising $47,300 $47, % $36,200 $45,100 $59,500 Communications $44,500 $42, % $34,600 $42,700 $54,900 Journalism $41,200 $39, % $30,600 $39,200 $49,900 COMPUTER SCIENCE MAJORS Computer Science $64,100 $62, % $49,800 $60,900 $75,000 Information Sciences and Systems $55,200 $55, % $43,400 $52,400 $65,500 SALARY RANGES BUSINESS MAJORS $75,000 $70,000 $65,000 $60,000 $55,000 $50,000 $45,000 $40,000 $35,000 $60,900 $41,600 $51,300 $66,600 $66,900 $53,500 $53,800 $43,200 $43,500 $67,700 $44,600 55,600 $70,500 $71,000 $64,300 $57,800 $56,300 $49,100 $45,100 $46,800 $39,900 $30,000 Accounting Business Administration Economics Finance Logistics Management Information Systems Marketing *Not currently available. 8 Salary Survey

9 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 $39,000 $37, % $33,100 $37,600 $44,400 Physical Education Teaching/ Coaching $42,700 $42, % $35,800 $41,300 $48,300 Pre-Elementary Teacher Education $36,600 $34, % $31,000 $35,300 $41,700 Secondary Education $41,400 $40, % $35,100 $40,000 $47,100 Special Education $45,600 $43, % $37,900 $44,400 $51,100 Specific Academic/Vocational Teacher Education $41,800 $40, % $35,300 $40,400 $47,500 SALARY RANGES ENGINEERING MAJORS $115,000 $113,000 $100,000 $85,000 $70,000 $55,000 $40,000 $95,300 $80,400 $80,900 $78,100 $74,700 $75,500 $76,100 $68,900 $66,900 $60,100 $62,000 $64,800 $55,600 $61,800 $53,100 $53,800 $53,900 $50,200 $50,600 $46,800 Aerospace Chemical Civil Computer Electrical Engineering Mechanical Petroleum SALARY RANGES HUMANITIES MAJORS $50,000 $48,200 $48,800 $48,500 $45,000 $40,000 $38,700 $40,700 $41,800 $43,500 $35,000 $30,000 $32,700 $34,400 $35,800 $34,000 $25,000 $27,700 English History Liberal Arts/General Studies Visual and Performing Arts 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 ENGINEERING MAJORS Aerospace/Aeronautical/ Astronautical Engineering Bioengineering and Biomedical Engineering $63,900 $71, % $53,100 $62,000 $78,100 $46,900 $42, % $35,100 $44,400 $57,300 Chemical Engineering $66,900 $66, % $53,800 $64,800 $80,400 Civil Engineering $58,000 $57, % $46,800 $55,600 $68,900 Computer Engineering $70,300 $71, % $53,900 $66,900 $80,900 Electrical/Electronics and Communications Engineering $62,500 $60, % $50,200 $60,100 $74,700 Engineering Technology $60,900 ** N/A $48,700 $58,400 $73,800 Industrial/Manufacturing Engineering $54,500 ** N/A $42,800 $51,700 $65,800 Mechanical Engineering $63,900 $61, % $50,600 $61,800 $75,500 Petroleum Engineering $96,200 ** N/A $76,100 $95,300 $113,000 HEALTH SCIENCES Nursing $52,000 $51, % $44,000 $50,100 $58,500 HOME ECONOMICS MAJORS Home Economics $32,400 $30, % $26,600 $31,200 $36,500 HUMANITIES & SOCIAL SCIENCES MAJORS Criminal Justice and Corrections $34,800 $32, % $28,300 $33,500 $40,000 English Language and Literature/ Letters $40,300 $38, % $32,700 $38,700 $48,200 $50,000 SALARY RANGES SOCIAL SCIENCES MAJORS $50,200 $45,000 $40,000 $40,600 $43,700 $40,500 $43,500 $40,000 $35,000 $33,500 $35,700 $33,500 $34,400 $35,400 $30,000 $25,000 $28,300 $30,000 $28,100 $29,500 $20,000 Criminal Justice Political Science Psychology Social Work Sociology *Not currently available. 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 HUMANITIES & SOCIAL SCIENCES MAJORS (continued) History $42,100 $39, % $34,400 $40,700 $48,800 Liberal Arts and Sciences/General Studies $43,200 $40, % $35,800 $41,800 $48,500 Political Science/Government $42,100 $40, % $33,500 $40,600 $50,200 Psychology $37,200 $35, % $30,000 $35,700 $43,700 Social Work $36,000 $35, % $28,100 $34,400 $40,500 Sociology $37,000 $33, % $29,500 $35,400 $43,500 Visual and Performing Arts $35,600 $36, % $27,700 $34,000 $43,500 Other Humanities $34,400 $37, % $26,500 $33,000 $41,400 Other Social Sciences $37,500 $38, % $30,000 $36,000 $45,200 PARKS, RECREATION, LEISURE, & FITNESS MAJORS Parks/Recreation, Leisure/Fitness Studies and Related Programs $27,400 $27, % $22,600 $26,400 $32,800 SCIENCES MAJORS Architecture and Related Programs $41,700 $40, % $35,100 $40,200 $49,900 Biological Sciences/Life Sciences $41,000 $40, % $32,200 $39,300 $49,500 Chemistry $44,900 $44, % $34,200 $43,000 $54,800 Construction Science/Management $56,400 $57, % $44,800 $53,400 $66,400 Mathematics (incl. statistics) $49,800 $49, % $40,000 $47,900 $58,000 SALARY RANGES MATH & SCIENCE MAJORS $70,000 $65,000 $66,400 $60,000 $55,000 $54,800 $53,400 $58,000 $50,000 $45,000 $40,000 $35,000 $30,000 $49,900 $35,100 $40,200 $49,500 $32,200 $39,300 $43,000 $34,200 $44,800 $47,900 $40,000 $25,000 Architecture Biology Chemistry Construction Science Math/Statistics Salary Survey 11

12 TOP INDUSTRIES INDIVIDUAL MAJORS Major/Industry New Grad Entrants 2013 Average Salary AGRICULTURE and NATURAL RESOURCES MAJORS Other Agricultural Sciences Agriculture, Forestry, Fishing and Hunting 3,100 $41,300 Educational Services 1,200 $45,500 Federal, State, and Local Government (OES Designation) 400 $57,700 Wholesale Trade 300 $67,000 Management of Companies and Enterprises 200 $70,200 BUSINESS MAJORS Accounting Professional, Scientific, and Technical Services 23,000 $53,200 Federal, State, and Local Government (OES Designation) 7,000 $51,100 Finance and Insurance 6,700 $53,400 Management of Companies and Enterprises 5,200 $53,900 Manufacturing 5,100 $54,700 Wholesale Trade 3,300 $55,300 Health Care and Social Assistance 3,000 $48,900 Administrative and Support and Waste Management and Remediation Services 2,700 $50,300 Business Administration/Management Professional, Scientific, and Technical Services 60,100 $57,000 Finance and Insurance 47,700 $54,600 Manufacturing 28,300 $57,300 Federal, State, and Local Government (OES Designation) 24,100 $55,600 Management of Companies and Enterprises 20,700 $59,500 Wholesale Trade 15,100 $57,100 Economics (Business/Managerial) Professional, Scientific, and Technical Services 14,300 $56,800 Finance and Insurance 12,300 $55,000 Federal, State, and Local Government (OES Designation) 6,000 $55,800 Management of Companies and Enterprises 4,500 $58,600 Manufacturing 4,100 $58,500 Finance Professional, Scientific, and Technical Services 11,600 $58,600 Finance and Insurance 9,300 $55,700 Federal, State, and Local Government (OES Designation) 5,000 $57,300 Management of Companies and Enterprises 3,900 $60,600 Manufacturing 3,400 $59, Salary Survey

13 TOP INDUSTRIES INDIVIDUAL MAJORS Major/Industry New Grad Entrants 2013 Average Salary Finance (continued) Wholesale Trade 1,800 $60,000 Health Care and Social Assistance 1,800 $53,000 Hospitality Services Management Accommodation and Food Services 9,400 $40,300 Other Services (except Federal, State, and Local Government) 700 $42,500 Educational Services 600 $41,200 Administrative and Support and Waste Management and Remediation Services 500 $41,900 International Business Professional, Scientific, and Technical Services 3,800 $51,500 Administrative and Support and Waste Management and Remediation Services 3,400 $43,900 Federal, State, and Local Government (OES Designation) 3,100 $53,100 Other Services (except Federal, State, and Local Government) 2,300 $24,400 Health Care and Social Assistance 2,000 $45,900 Management of Companies and Enterprises 1,500 $53,300 Manufacturing 1,400 $55,100 Finance and Insurance 1,300 $53,300 Logistics/Materials Management Federal, State, and Local Government (OES Designation) 900 $66,100 Manufacturing 600 $60,600 Professional, Scientific, and Technical Services 400 $60,400 Management of Companies and Enterprises 300 $61,900 Transportation and Warehousing 200 $48,600 Wholesale Trade 100 $54,700 Management Information Systems/Business Professional, Scientific, and Technical Services 4,300 $58,600 Federal, State, and Local Government (OES Designation) 2,800 $66,600 Finance and Insurance 1,300 $60,900 Manufacturing 1,000 $62,700 Information 1,000 $61,600 Management of Companies and Enterprises 900 $62,300 Marketing/Marketing Mgmt. (incl. mktg. research) Professional, Scientific, and Technical Services 8,500 $52,500 Wholesale Trade 5,100 $53,100 Finance and Insurance 4,500 $52,100 Management of Companies and Enterprises 4,200 $56,200 Salary Survey 13

14 TOP INDUSTRIES INDIVIDUAL MAJORS Major/Industry New Grad Entrants 2013 Average Salary Marketing/Marketing Mgmt. (incl. mktg. research) (continued) Manufacturing 3,900 $55,400 Retail Trade 3,200 $39,300 Information 2,500 $56,600 Administrative and Support and Waste Management and Remediation Services 2,000 $45,600 Federal, State, and Local Government (OES Designation) 1,600 $49,500 COMMUNICATIONS MAJORS Advertising Professional, Scientific, and Technical Services 4,600 $38,100 Wholesale Trade 1,800 $48,500 Information 1,700 $40,600 Management of Companies and Enterprises 1,700 $43,800 Finance and Insurance 1,400 $39,800 Manufacturing 1,300 $50,700 Retail Trade 1,300 $34,600 Other Services (except Federal, State, and Local Government) 1,200 $47,200 Communications Educational Services 9,200 $46,500 Information 9,000 $43,200 Professional, Scientific, and Technical Services 7,100 $36,600 Health Care and Social Assistance 4,500 $41,900 Finance and Insurance 3,300 $38,600 Other Services (except Federal, State, and Local Government) 3,100 $43,000 Federal, State, and Local Government (OES Designation) 2,800 $34,400 Management of Companies and Enterprises 2,500 $41,500 Manufacturing 2,400 $47,000 Wholesale Trade 2,400 $46,100 Journalism Information 21,300 $41,300 Professional, Scientific, and Technical Services 5,300 $34,600 Educational Services 4,800 $41,000 COMPUTER SCIENCES MAJORS Computer Science Professional, Scientific, and Technical Services 6,500 $62,300 Information 2,100 $66,200 Manufacturing 1,700 $67, Salary Survey

15 TOP INDUSTRIES INDIVIDUAL MAJORS Major/Industry New Grad Entrants 2013 Average Salary Computer Science (continued) Finance and Insurance 1,400 $66,300 Management of Companies and Enterprises 800 $65,300 Wholesale Trade 700 $65,200 Federal, State, and Local Government (OES Designation) 600 $67,800 Information Sciences and Systems Professional, Scientific, and Technical Services 9,000 $53,500 Information 3,200 $56,300 Federal, State, and Local Government (OES Designation) 2,600 $62,900 Manufacturing 2,200 $57,700 Finance and Insurance 2,200 $57,200 Management of Companies and Enterprises 1,500 $56,500 Wholesale Trade 1,200 $56,300 Educational Services 1,000 $47,400 EDUCATION MAJORS Elementary Teacher Education Educational Services 41,100 $39,700 Health Care and Social Assistance 2,400 $30,000 Physical Education Teaching/Coaching Educational Services 9,200 $42,700 Pre-Elementary Teacher Education Educational Services 9,700 $38,800 Health Care and Social Assistance 1,600 $28,200 Secondary Education Educational Services 8,900 $41,400 Special Education Educational Services 9,400 $45,800 Specific Academic/Vocational Teacher Education Educational Services 13,500 $41,700 ENGINEERING MAJORS Aerospace/Aeronautical/Astronautical Engineering Manufacturing 1,600 $61,400 Professional, Scientific, and Technical Services 1,200 $63,300 Federal, State, and Local Government (OES Designation) 600 $72,500 Bioengineering and Biomedical Engineering Educational Services 2,300 $45,200 Manufacturing 700 $46,300 Salary Survey 15

16 TOP INDUSTRIES INDIVIDUAL MAJORS Major/Industry New Grad Entrants 2013 Average Salary Bioengineering and Biomedical Engineering (continued) Professional, Scientific, and Technical Services 700 $46,900 Federal, State, and Local Government (OES Designation) 500 $51,600 Chemical Engineering Manufacturing 3,300 $65,700 Professional, Scientific, and Technical Services 2,100 $66,600 Federal, State, and Local Government (OES Designation) 600 $75,000 Mining, Quarrying, and Oil and Gas Extraction 400 $66,400 Civil Engineering Professional, Scientific, and Technical Services 5,800 $57,500 Federal, State, and Local Government (OES Designation) 3,600 $61,100 Construction 1,700 $57,300 Educational Services 900 $57,000 Manufacturing 800 $54,800 Computer Engineering Professional, Scientific, and Technical Services 2,300 $68,200 Manufacturing 700 $73,200 Information 700 $72,900 Finance and Insurance 400 $72,300 Management of Companies and Enterprises 300 $70,900 Wholesale Trade 200 $71,300 Electrical/Electronics and Communications Engineering Professional, Scientific, and Technical Services 4,700 $62,100 Manufacturing 3,800 $62,300 Federal, State, and Local Government (OES Designation) 1,600 $71,100 Information 1,100 $63,800 Educational Services 800 $61,400 Engineering Technology Professional, Scientific, and Technical Services 5,400 $59,700 Manufacturing 3,200 $60,500 Federal, State, and Local Government (OES Designation) 2,900 $68,600 Information 1,100 $63,100 Management of Companies and Enterprises 700 $63,400 Industrial/Manufacturing Engineering Professional, Scientific, and Technical Services 1,400 $54,700 Manufacturing 1,300 $53, Salary Survey

17 TOP INDUSTRIES INDIVIDUAL MAJORS Major/Industry New Grad Entrants 2013 Average Salary Industrial/Manufacturing Engineering (continued) Federal, State, and Local Government (OES Designation) 400 $56,000 Finance and Insurance 300 $54,900 Management of Companies and Enterprises 300 $56,000 Information 200 $55,500 Manufacturing 8,600 $61,400 Professional, Scientific, and Technical Services 5,900 $64,300 Federal, State, and Local Government (OES Designation) 2,700 $71,600 Educational Services 1,300 $61,300 Management of Companies and Enterprises 1,000 $66,000 Mining, Quarrying, and Oil and Gas Extraction 800 $95,400 Professional, Scientific, and Technical Services 300 $87,700 Manufacturing 100 $102,900 Management of Companies and Enterprises 100 $100,500 Mechanical Engineering Petroleum Engineering Electrical Engineering Top Industries: $62,100 4, Average Salary $62,300 3,800 $60,500 $71, Average Salary Federal, State, and Local Government 1, % $63,800 1,100 $62,500 Increase Professional, Scientific, and Technical Services Manufacturing Information New grad entrants New grad entrants New grad entrants New grad entrants Salary Survey 17

18 TOP INDUSTRIES INDIVIDUAL MAJORS Major/Industry New Grad Entrants 2013 Average Salary HEALTH SCIENCES MAJORS Health and Related Sciences Health Care and Social Assistance 45,500 $44,200 Educational Services 10,500 $46,600 Federal, State, and Local Government (OES Designation) 3,600 $49,300 Nursing Health Care and Social Assistance 81,900 $54,700 Federal, State, and Local Government (OES Designation) 5,300 $56,600 HOME ECONOMICS MAJORS Home Economics Educational Services 12,400 $39,000 Health Care and Social Assistance 10,400 $26,900 Federal, State, and Local Government (OES Designation) 2,100 $35,100 HUMANITIES AND SOCIAL SCIENCES MAJORS Criminal Justice and Corrections Federal, State, and Local Government (OES Designation) 33,600 $36,000 Administrative and Support and Waste Management and Remediation Services 9,200 $33,700 Health Care and Social Assistance 7,700 $32,200 Educational Services 5,700 $39,500 Professional, Scientific, and Technical Services 5,100 $33,000 English Language and Literature/Letters Educational Services 30,400 $40,000 Professional, Scientific, and Technical Services 6,000 $39,700 Federal, State, and Local Government (OES Designation) 5,000 $43,900 Health Care and Social Assistance 3,800 $35,800 History Educational Services 29,900 $41,500 Professional, Scientific, and Technical Services 10,500 $40,500 Federal, State, and Local Government (OES Designation) 3,900 $45,300 Liberal Arts and Sciences/General Studies Educational Services 32,200 $43,000 Political Science/Government Professional, Scientific, and Technical Services 20,400 $38,900 Educational Services 18,800 $42,400 Federal, State, and Local Government (OES Designation) 8,400 $43,400 Health Care and Social Assistance 4,000 $38, Salary Survey

19 TOP INDUSTRIES INDIVIDUAL MAJORS Major/Industry New Grad Entrants 2013 Average Salary Psychology Educational Services 46,600 $39,600 Health Care and Social Assistance 39,100 $33,800 Federal, State, and Local Government (OES Designation) 15,000 $41,200 6,400 $38,400 15,600 $34,000 Federal, State, and Local Government (OES Designation) 8,900 $39,100 Educational Services 2,300 $41,200 Educational Services 10,600 $37,700 Federal, State, and Local Government (OES Designation) 10,300 $39,900 Health Care and Social Assistance 10,200 $33,700 3,000 $37,500 21,200 $32,300 Professional, Scientific, and Technical Services Social Work Health Care and Social Assistance Sociology Professional, Scientific, and Technical Services Visual and Performing Arts Educational Services Psychology Top Industries: $39,600 46,600 Educational Services New grad entrants $33, Average Salary Health Care and Social Assistance 39,100 $35,200 $41, Average Salary Federal, State, and Local Government 15, % $38,400 6,400 $37,200 Increase Professional, Scientific, and Technical Services New grad entrants New grad entrants New grad entrants Salary Survey 19

20 TOP INDUSTRIES INDIVIDUAL MAJORS Major/Industry New Grad Entrants 2013 Average Salary Visual and Performing Arts (continued) Professional, Scientific, and Technical Services 17,800 $35,900 Information 17,700 $33,800 Retail Trade 5,600 $24,500 Manufacturing 5,200 $37,800 Arts, Entertainment, and Recreation 4,800 $10,300 Wholesale Trade 4,100 $34,700 Other Humanities Educational Services 24,100 $33,600 Other Services (except Federal, State, and Local Government) 13,300 $31,400 Health Care and Social Assistance 10,700 $35,700 Professional, Scientific, and Technical Services 5,900 $32,900 Federal, State, and Local Government (OES Designation) 4,700 $40,500 Other Social Sciences Educational Services 17,300 $36,900 Professional, Scientific, and Technical Services 9,600 $35,800 Federal, State, and Local Government (OES Designation) 9,100 $40,500 Health Care and Social Assistance 7,100 $34,300 PARKS/RECREATION, LEISURE AND FITNESS MAJORS Parks/Recreation, Leisure/Fitness Studies and Related Programs Arts, Entertainment, and Recreation 13,300 $28,300 Federal, State, and Local Government (OES Designation) 8,500 $27,200 Health Care and Social Assistance 7,200 $29,000 Other Services (except Federal, State, and Local Government) 5,600 $27,100 Educational Services 2,100 $27,100 SCIENCES MAJORS Architecture and Related Programs Professional, Scientific, and Technical Services 8,100 $40,800 Manufacturing 1,400 $41,300 Biological Sciences/Life Sciences Educational Services 49,600 $38,600 Professional, Scientific, and Technical Services 17,700 $41,200 Federal, State, and Local Government (OES Designation) 13,200 $43,500 Health Care and Social Assistance 10,500 $42,000 Manufacturing 5,900 $40, Salary Survey