TOP PAYING INDUSTRIES pg. 7 SALARIES BY MAJOR pg. 9 SALARIES BY MAJOR BY INDUSTRY pg. 13 NACE SALARY SURVEY STARTING SALARIES FOR NEW COLLEGE GRADUATES DATA REPORTED BY EMPLOYERS JANUARY 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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TABLE OF CONTENTS About the Survey... 4 How to Read Salary Survey... 4 Executive Summary... 5 Top-Paying Industries Bachelor s Degrees... 7 Top-Hiring Industries Bachelor s Degrees... 8 Starting Salary by Academic Major Bachelor s Degrees... 9 Salary Ranges Business Majors... 9 Salary Ranges Engineering Majors... 10 Salary Ranges Humanities Majors... 10 Salary Ranges Social Sciences Majors... 11 Salary Ranges Math & Science Majors... 12 Top Industries for Individual Majors Bachelor s Degrees... 13 Top Majors Within Individual Industries Bachelor s Degrees... 23 Major by Occupational Position (Bachelor s Degrees) Industry... 31 Occupational Position by Major (Bachelor s Degrees) Industry... 44 Top-Paying Positions... 47 Top-Paying Industries Master s Degrees... 57 Starting Salary by Academic Major Master s Degrees... 58 Top Industries for Individual Majors Master s Degrees... 59 Salary Ranges Master s Degree Business Majors... 59 Salary Ranges Master s Degree Engineering Majors... 60 Salary Ranges Master s Degree Humanities Majors... 62 Salary Ranges Master s Degree Social Sciences Majors... 62 Top Majors Within Individual Industries Master s Degrees... 64 Top-Paying Positions... 66 Major by Occupational Position (Master s Degrees) Industry... 67 Occupational Position by Major (Master s Degrees) Industry... 73 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 The January 2014 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. 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 January 2014 Salary Survey report were retrieved in November 2013, and were compiled using a proprietary methodology created by Job Search Intelligence. Salary Survey (ISSN 1520-8648) 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 18017-9085. For more information, see www.naceweb.org or contact NACE at 610.868.1421. ADDITIONAL DATA AVAILABLE ONLINE: Additional data are available to NACE members and Salary Survey subscribers through the Salary Survey Online tool (www.naceweb.org/salary-resources/salary-survey-online.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. 9/58 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. 13/59 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. 23/64 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. 31/67 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
OCCUPATIONAL POSITION BY MAJOR INDUSTRY... PG. 44/73 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 has increased 2.6 percent to $45,633 from the final overall average of $44,482 for the Class of 2012. The current overall average starting salary is buoyed by the 2.9 percent increase to humanities and social sciences majors average salary and the 2.3 percent bump to the average salary of business majors. Average salaries within the other broad categories of disciplines remain essentially flat, with some groups even slipping a little from last year albeit by decreases of less than 1 percent. (See Figure 1.) FIGURE 1 AVERAGE SALARIES BY DISCIPLINE Broad Category 2013 Average Salary 2012 Average Salary Percent Change Business $55,144 $53,900 2.3% Communications $44,552 $43,717 1.9% Computer Science $59,084 $59,221-0.2% Education $40,590 $40,668-0.2% Engineering $62,564 $62,655-0.1% Humanities & Social Sciences $38,045 $36,988 2.9% Math & Sciences $42,956 $42,471 1.1% Overall $45,633 $44,482 2.6% BUSINESS Business majors had one of the higher increases to the overall average salary 2.3 percent to bring their average starting salary to $55,144. All the individual business majors also had increases in salary, except hospitality services management, whose salary decreased by 0.2 percent. International business majors, whose average starting salary rose 3.8 percent to $46,900, had the largest increase of the group, however, management information systems majors earn the highest average salary $60,700. COMMUNICATIONS The overall average salary for communications graduates rose almost 2 percent to $44,552. In addition, all three specific fields within this category received increases to their individual average starting salaries: advertising, 1.9 percent to $48,100; communications, 1.8 percent to $45,300; and journalism, 2.4 percent to $41,900. COMPUTER SCIENCES In the September 2013 issue of Salary Survey, computer science graduates (as a group) were the only ones to lose ground when their overall average starting salary decreased by 2.5 percent. While this issue reports another decrease for these graduates, it was only a 0.2 percent drop to $59,084. Specific computer science graduates even saw an increase of 0.5 percent, bringing their starting salary to $64,700. EDUCATION Like computer science majors, education graduates saw a decrease of 0.2 percent to their overall average 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 $65,206 $52,715 $42,615 FIGURE 2 SALARY RANGES BY DISCIPLINE $69,710 $54,837 $56,134 $46,108 $42,523 $46,244 $39,257 $74,701 $60,202 $51,772 $49,788 $44,907 $41,277 $36,553 $34,031 $34,309 $33,890 $30,444 Business Communications Computer Science Education Engineering Humanities Math & Science starting salary, which dropped to $40,590. However, all but one individual education discipline posted increases in starting salaries, with special education majors earning the highest average salary of $46,000. ENGINEERING Starting salaries for engineering majors barely moved from last year s average of $62,655 to $62,564 this year, a decrease of just 0.1 percent. And, like most of the other categories of majors in this report, starting salaries within the reported engineering disciplines increased across the board. The average starting salary for mechanical engineering graduates climbed 2.5 percent to $64,500, the highest increase among this group. Meanwhile, the top-paid engineering degree continues to be petroleum engineering, with a current average starting salary of $97,000. HEALTH SCIENCES Within the health sciences, nursing graduates saw their average starting salary rise to $52,800, an increase of just slightly more than 1 percent. Throughout the 2013 reporting year, nursing salaries have remained near $52,000. HUMANITIES AND SOCIAL SCIENCES With their 2.9 percent increase, humanities and social sciences graduates overall average salary rose from an average of $36,988 last year to $38,045 this year. Most of the individual majors had increases in the 1 to 2 percent range, however, visual and performing arts majors posted a 5.9 percent increase to their average starting salary, bringing it to $35,800. This increase may be due to the industries and positions reported for these particular graduates: Professional, scientific, and technical services employers reported a large number of salaries, averaging $36,200. And, the toppaying positions reported for these students were sales and marketing positions, with an average salary of $59,900. MATHEMATICS AND SCIENCES Students graduating with math and science degrees saw an overall increase in line with the other categories in this report. Collectively, the average starting salary rose 1.1 percent to $42,956. Mathematics majors posted an increase of 1.8 percent to their average starting salary, bringing it to $50,200. Chemistry majors, on the other hand, saw their average salary decrease by 0.4 percent to $45,300. And, while construction science/ management majors received a slight 0.5 percent increase, they are the highest-paid of these particular disciplines with an average starting salary of $56,900. The first look at salaries for the Class of 2014 will appear in the next issue of Salary Survey, which will be published in April 2014. *Not currently available. 6 Salary Survey
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 $86,600 Average Starting Salary 75,000 65,000 55,000 $57,891 $57,742 $55,020 $54,660 $45,000 1,200 61,100 1,900 109,500 62,300 Mining, Quarrying, and Oil and Gas Extraction Management of Companies and Enterprises Construction Manufacturing Top-Paying Industries/Number of New Grad Entrants Finance & 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), 2007. www.census.gov/eos/www/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 550,000 400,000 250,000 100,000 0 449,400 Educational Services 304,000 Professional, Scientific, & Technical Services 272,000 Healthcare & Social Assistance 215,100 Federal, State, and Local Govt. (OES Designation) 109,500 $40,302 $49,154 $43,335 $47,123 $55,020 Top-Hiring Industries/Average Starting Salaries Manufacturing 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: 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): This sector comprises federal, state, and local government, excluding state and local schools and hospitals, and the U.S. Postal Service. Manufacturing: The manufacturing sector comprises establishments engaged in the mechanical, physical, or chemical transformation of materials, substances, or components into new products. Source: U.S. Census Bureau, North American Industry Classification System (NAICS), 2007. www.census.gov/eos/www/naics/ 8 Salary Survey
STARTING SALARY BY ACADEMIC MAJOR BACHELOR S DEGREES Academic Major Average Starting Salary 2013 2012 Percent Change in Starting Salaries 25th Percentile 50th Percentile 75th Percentile AGRICULTURE and NATURAL RESOURCES MAJORS Conservation/Renewable Natural Resources $32,300 *** N/A $26,100 $31,400 $37,200 Agricultural Sciences $45,900 $44,200 3.8% $34,200 $44,800 $55,300 BUSINESS MAJORS Accounting $53,800 $52,900 1.7% $41,900 $51,600 $61,300 Business Administration/ Management $56,300 $55,200 2.0% $43,500 $53,800 $67,100 Economics (Business/Managerial) $56,600 $55,800 1.4% $43,800 $54,100 $67,400 Finance $58,500 $57,300 2.1% $44,900 $56,000 $68,200 Hospitality Services Management $41,700 $41,800-0.2% $32,700 $40,200 $46,600 International Business $46,900 $45,200 3.8% $35,800 $45,100 $53,900 Logistics/Materials Management $59,800 *** N/A $45,400 $56,600 $71,000 Management Information Systems/ Business Marketing/Marketing Mgmt. (incl. mktg. research) $60,700 *** N/A $47,100 $58,200 $71,500 $52,200 $51,000 2.4% $40,200 $49,400 $64,700 COMMUNICATIONS MAJORS Advertising $48,100 $47,200 1.9% $36,800 $45,800 $60,500 Communications $45,300 $44,500 1.8% $35,200 $43,400 $55,900 Journalism $41,900 $40,900 2.4% $31,100 $39,800 $50,800 COMPUTER SCIENCE MAJORS Computer Science $64,700 $64,400 0.5% $50,300 $61,500 $75,700 Information Sciences and Systems $55,700 $56,100-0.7% $43,800 $52,900 $66,100 SALARY RANGES BUSINESS MAJORS $75,000 $70,000 $65,000 $60,000 $55,000 $50,000 $45,000 $40,000 $35,000 $61,300 $41,900 $51,600 $67,100 $67,400 $53,800 $54,100 $43,500 $43,800 $68,200 $44,900 56,000 $71,000 $45,400 $56,600 $71,500 $64,700 $58,200 $49,400 $47,100 $40,200 $30,000 Accounting Business Administration Economics Finance Logistics Management Information Systems Marketing ***Not reported. Salary Survey 9
STARTING SALARY BY ACADEMIC MAJOR BACHELOR S DEGREES Academic Major Average Starting Salary 2013 2012 Percent Change in Starting Salaries 25th Percentile 50th Percentile 75th Percentile EDUCATION MAJORS Elementary Teacher Education $39,200 $38,700 1.3% $33,300 $37,900 $44,700 Physical Education Teaching/ Coaching $43,000 $42,400 1.4% $36,100 $41,600 $48,600 Pre-Elementary Teacher Education $36,800 $36,300 1.4% $31,300 $35,500 $41,900 Secondary Education $41,700 $41,100 1.5% $35,400 $40,300 $47,500 Special Education $46,000 $45,700 0.7% $38,100 $44,700 $51,500 Specific Academic/Vocational Teacher Education $42,100 $45,700-7.9% $35,500 $40,700 $47,800 SALARY RANGES ENGINEERING MAJORS $115,000 $114,100 $100,000 $85,000 $70,000 $55,000 $40,000 $78,800 $62,600 $53,500 $96,200 $81,200 $81,600 $75,400 $76,200 $76,800 $69,600 $65,400 $67,500 $60,600 $62,400 $56,100 $54,300 $47,200 $54,400 $50,600 $51,000 Aerospace Chemical Civil Computer Electrical Engineering Mechanical Petroleum SALARY RANGES HUMANITIES MAJORS $50,000 $48,500 $49,200 $48,900 $45,000 $40,000 $39,000 $41,000 $42,100 $43,800 $35,000 $32,900 $34,700 $36,100 $34,300 $30,000 $25,000 $27,900 English History Liberal Arts/General Studies Visual and Performing Arts 10 Salary Survey
STARTING SALARY BY ACADEMIC MAJOR BACHELOR S DEGREES Academic Major Average Starting Salary 2013 2012 Percent Change in Starting Salaries 25th Percentile 50th Percentile 75th Percentile ENGINEERING MAJORS Aerospace/Aeronautical/ Astronautical Engineering Bioengineering and Biomedical Engineering $64,500 $64,000 0.8% $53,500 $62,600 $78,800 $47,300 *** N/A $35,400 $44,800 $57,800 Chemical Engineering $67,500 $66,400 1.7% $54,300 $65,400 $81,200 Civil Engineering $58,500 $57,600 1.6% $47,200 $56,100 $69,600 Computer Engineering $70,900 $70,400 0.7% $54,400 $67,500 $81,600 Electrical/Electronics and Communications Engineering $63,000 $62,300 1.1% $50,600 $60,600 $75,400 Engineering Technology $61,500 *** N/A $49,100 $59,000 $74,400 Industrial/Manufacturing Engineering $55,000 *** N/A $43,200 $52,200 $66,400 Mechanical Engineering $64,500 $62,900 2.5% $51,000 $62,400 $76,200 Petroleum Engineering $97,000 *** N/A $76,800 $96,200 $114,100 HEALTH SCIENCES Nursing $52,800 $52,200 1.1% $44,700 $50,900 $59,500 HOME ECONOMICS MAJORS Home Economics $32,800 $32,200 1.9% $26,900 $31,500 $36,800 HUMANITIES & SOCIAL SCIENCES MAJORS Criminal Justice and Corrections $35,000 $34,800 0.6% $28,400 $33,700 $40,300 English Language and Literature/ Letters $40,600 $40,200 1.0% $32,900 $39,000 $48,500 $50,000 SALARY RANGES SOCIAL SCIENCES MAJORS $50,600 $45,000 $40,300 $40,900 $44,000 $40,800 $43,800 $40,000 $35,000 $33,700 $35,900 $33,800 $34,600 $35,700 $30,000 $25,000 $28,400 $30,200 $28,300 $29,700 $20,000 Criminal Justice Political Science Psychology Social Work Sociology ***Not reported. Salary Survey 11
STARTING SALARY BY ACADEMIC MAJOR BACHELOR S DEGREES Academic Major Average Starting Salary 2013 2012 Percent Change in Starting Salaries 25th Percentile 50th Percentile 75th Percentile HUMANITIES & SOCIAL SCIENCES MAJORS (continued) History $42,400 $41,900 1.2% $34,700 $41,000 $49,200 Liberal Arts and Sciences/General Studies $43,500 $43,100 0.9% $36,100 $42,100 $48,900 Political Science/Government $42,400 $42,000 1.0% $33,800 $40,900 $50,600 Psychology $37,400 $37,100 0.8% $30,200 $35,900 $44,000 Social Work $36,200 $35,900 0.8% $28,300 $34,600 $40,800 Sociology $37,300 $36,700 1.6% $29,700 $35,700 $43,800 Visual and Performing Arts $35,800 $33,800 5.9% $27,900 $34,300 $43,800 Other Humanities $34,700 $34,800-0.3% $26,700 $33,200 $41,700 Other Social Sciences $37,800 $30,400 24.3% $30,300 $36,200 $45,500 PARKS, RECREATION, LEISURE, & FITNESS MAJORS Parks/Recreation, Leisure/Fitness Studies, and Related Programs $28,000 $27,300 2.6% $23,000 $26,900 $33,500 SCIENCES MAJORS Architecture and Related Programs $42,000 $41,000 2.4% $35,400 $40,500 $50,300 Biological Sciences/Life Sciences $41,300 $40,700 1.5% $32,500 $39,700 $49,900 Chemistry $45,300 $45,500-0.4% $34,500 $43,300 $55,200 Construction Science/Management $56,900 $56,600 0.5% $45,200 $53,800 $66,900 Mathematics (incl. statistics) $50,200 $49,300 1.8% $40,300 $48,300 $58,500 Physics $40,700 $42,400-4.0% $30,400 $39,000 $52,900 SALARY RANGES MATH & SCIENCE MAJORS $70,000 $65,000 $60,000 $55,000 $50,000 $45,000 $40,000 $35,000 $30,000 $25,000 $66,900 $58,500 $55,200 $52,900 $53,800 $50,300 $49,900 $48,300 $45,200 $40,500 $43,300 $39,700 $40,300 $39,000 $35,400 $34,500 $32,500 $30,400 Architecture Biology Chemistry Construction Science Math/Statistics Physics 12 Salary Survey
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 $41,700 Educational Services 1,200 $46,000 Federal, State, and Local Government (OES Designation) 400 $58,300 Wholesale Trade 300 $67,700 Management of Companies and Enterprises 200 $70,900 BUSINESS MAJORS Accounting Professional, Scientific, and Technical Services 23,000 $53,700 Federal, State, and Local Government (OES Designation) 7,000 $51,600 Finance and Insurance 6,700 $53,900 Management of Companies and Enterprises 5,200 $54,400 Manufacturing 5,100 $55,200 Wholesale Trade 3,300 $55,800 Health Care and Social Assistance 3,000 $49,400 Administrative and Support and Waste Management and Remediation Services 2,700 $50,800 Business Administration/Management Professional, Scientific, and Technical Services 60,100 $57,600 Manufacturing 47,700 $55,100 Management of Companies and Enterprises 28,300 $57,800 Finance and Insurance 24,100 $56,200 Federal, State, and Local Government (OES Designation) 20,700 $60,100 Wholesale Trade 15,100 $57,700 Economics (Business/Managerial) Professional, Scientific, and Technical Services 14,300 $57,400 Federal, State, and Local Government (OES Designation) 12,300 $55,500 Finance and Insurance 6,000 $56,400 Management of Companies and Enterprises 4,500 $59,200 Manufacturing 4,100 $59,100 Finance Professional, Scientific, and Technical Services 11,600 $59,200 Federal, State, and Local Government (OES Designation) 9,300 $56,300 Finance and Insurance 5,000 $57,900 Management of Companies and Enterprises 3,900 $61,200 Manufacturing 3,400 $60,500 Salary Survey 13
TOP INDUSTRIES INDIVIDUAL MAJORS Major/Industry New Grad Entrants 2013 Average Salary Finance (continued) Wholesale Trade 1,800 $60,600 Health Care and Social Assistance 1,800 $53,500 Hospitality Services Management Other Services (except Federal, State, and Local Government) 9,400 $40,700 Accommodation and Food Services 700 $42,900 Educational Services 600 $41,600 Administrative and Support and Waste Management and Remediation Services 500 $42,300 International Business Professional, Scientific, and Technical Services 3,800 $52,000 Administrative and Support and Waste Management and Remediation Services 3,400 $44,300 Federal, State, and Local Government (OES Designation) 3,100 $53,600 Other Services (except Federal, State, and Local Government) 2,300 $24,600 Health Care and Social Assistance 2,000 $46,400 Management of Companies and Enterprises 1,500 $53,900 Manufacturing 1,400 $55,700 Finance and Insurance 1,300 $53,800 Finance Top Industries: $58,500 2013 Average Salary $57,300 2012 Average Salary 2.1% Increase $59,200 Professional, Scientific,and Technical Services $56,300 Federal, State, and Local Government $57,900 Finance and Insurance $61,200 Management of Companies and Enterprises 11,600 New grad entrants 9,300 New grad entrants 5,000 New grad entrants 3,900 New grad entrants 14 Salary Survey
TOP INDUSTRIES INDIVIDUAL MAJORS Major/Industry New Grad Entrants 2013 Average Salary Logistics/Materials Management Federal, State, and Local Government (OES Designation) 900 $66,700 Manufacturing 600 $61,200 Professional, Scientific, and Technical Services 400 $61,000 Management of Companies and Enterprises 300 $62,500 Transportation and Warehousing 200 $49,100 Wholesale Trade 100 $55,300 Management Information Systems/Business Professional, Scientific, and Technical Services 4,300 $59,200 Federal, State, and Local Government (OES Designation) 2,800 $67,300 Finance and Insurance 1,300 $61,500 Manufacturing 1,000 $63,300 Information 1,000 $62,200 Management of Companies and Enterprises 900 $62,900 Marketing/Marketing Mgmt. (incl. mktg. research) Professional, Scientific, and Technical Services 8,500 $53,100 Wholesale Trade 5,100 $53,700 Finance and Insurance 4,500 $52,600 Management of Companies and Enterprises 4,200 $56,700 Manufacturing 3,900 $55,900 Information 3,200 $39,700 Administrative and Support and Waste Management and Remediation Services 2,500 $57,200 Federal, State, and Local Government (OES Designation) 2,000 $46,100 Retail Trade 1,300 $51,200 COMMUNICATIONS MAJORS Advertising Professional, Scientific, and Technical Services 4,600 $38,500 Wholesale Trade 1,800 $49,000 Information 1,700 $41,000 Management of Companies and Enterprises 1,700 $44,200 Finance and Insurance 1,400 $40,200 Manufacturing 1,300 $34,900 Retail Trade 1,200 $47,700 Salary Survey 15
TOP INDUSTRIES INDIVIDUAL MAJORS Major/Industry New Grad Entrants 2013 Average Salary Communications Educational Services 9,200 $46,900 Information 9,000 $43,600 Professional, Scientific, and Technical Services 7,100 $36,900 Health Care and Social Assistance 4,500 $42,400 Finance and Insurance 3,300 $39,000 Other Services (except Federal, State, and Local Government) 3,100 $43,400 Federal, State, and Local Government (OES Designation) 2,800 $34,700 Management of Companies and Enterprises 2,500 $41,900 Manufacturing 2,400 $47,500 Wholesale Trade 2,400 $46,500 Journalism Information 21,300 $41,700 Professional, Scientific, and Technical Services 5,300 $34,900 Educational Services 4,800 $41,400 COMPUTER SCIENCES MAJORS Computer Science Professional, Scientific, and Technical Services 6,500 $62,900 Information 2,100 $66,900 Manufacturing 1,700 $68,400 Finance and Insurance 1,400 $66,900 Management of Companies and Enterprises 800 $66,000 Wholesale Trade 700 $65,800 Federal, State, and Local Government (OES Designation) 600 $68,500 Information Sciences and Systems Professional, Scientific, and Technical Services 9,000 $54,000 Information 3,200 $56,900 Federal, State, and Local Government (OES Designation) 2,600 $63,600 Manufacturing 2,200 $58,300 Finance and Insurance 2,200 $57,800 Management of Companies and Enterprises 1,500 $57,100 Wholesale Trade 1,200 $56,800 Educational Services 1,000 $47,900 16 Salary Survey
TOP INDUSTRIES INDIVIDUAL MAJORS Major/Industry New Grad Entrants 2013 Average Salary EDUCATION MAJORS Elementary Teacher Education Educational Services 41,100 $40,100 Health Care and Social Assistance 2,400 $30,300 Physical Education Teaching/Coaching Educational Services 9,200 $43,100 Pre-Elementary Teacher Education Educational Services 9,700 $39,200 Health Care and Social Assistance 1,600 $28,500 Secondary Education Educational Services 8,900 $41,800 Special Education Educational Services 9,400 $46,300 Specific Academic/Vocational Teacher Education Educational Services 13,500 $42,200 ENGINEERING MAJORS Aerospace/Aeronautical/Astronautical Engineering Manufacturing 1,600 $62,100 Professional, Scientific, and Technical Services 1,200 $64,000 Federal, State, and Local Government (OES Designation) 600 $73,200 Bioengineering and Biomedical Engineering Educational Services 2,300 $45,700 Manufacturing 700 $46,800 Professional, Scientific, and Technical Services 700 $47,300 Federal, State, and Local Government (OES Designation) 500 $52,100 Chemical Engineering Manufacturing 3,300 $66,300 Professional, Scientific, and Technical Services 2,100 $67,300 Federal, State, and Local Government (OES Designation) 600 $75,700 Mining, Quarrying, and Oil and Gas Extraction 400 $67,000 Civil Engineering Professional, Scientific, and Technical Services 5,800 $58,100 Federal, State, and Local Government (OES Designation) 3,600 $61,700 Construction 1,700 $57,900 Educational Services 900 $57,600 Manufacturing 800 $55,300 Salary Survey 17
TOP INDUSTRIES INDIVIDUAL MAJORS Major/Industry New Grad Entrants 2013 Average Salary Computer Engineering Management of Companies and Enterprises 2,300 $68,900 Professional, Scientific, and Technical Services 700 $73,900 Information 700 $73,700 Finance and Insurance 400 $73,000 Wholesale Trade 300 $71,600 Manufacturing 200 $72,100 Electrical/Electronics and Communications Engineering Professional, Scientific, and Technical Services 4,700 $62,700 Manufacturing 3,800 $63,000 Federal, State, and Local Government (OES Designation) 1,600 $71,800 Information 1,100 $64,400 Educational Services 800 $62,000 Engineering Technology Professional, Scientific, and Technical Services 5,400 $60,300 Manufacturing 3,200 $61,100 Management of Companies and Enterprises 2,900 $69,300 Federal, State, and Local Government (OES Designation) 1,100 $63,700 Information 700 $64,100 Industrial/Manufacturing Engineering Finance and Insurance 1,400 $55,200 Professional, Scientific, and Technical Services 1,300 $54,500 Information 400 $56,500 Federal, State, and Local Government (OES Designation) 300 $55,500 Management of Companies and Enterprises 300 $56,500 Manufacturing 200 $56,000 Mechanical Engineering Federal, State, and Local Government (OES Designation) 8,600 $62,000 Manufacturing 5,900 $65,000 Professional, Scientific, and Technical Services 2,700 $72,300 Petroleum Engineering Mining, Quarrying, and Oil and Gas Extraction 800 $96,400 Manufacturing 300 $88,500 Professional, Scientific, and Technical Services 100 $104,000 Management of Companies and Enterprises 100 $101,500 18 Salary Survey
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 $44,600 Educational Services 10,500 $47,000 Federal, State, and Local Government (OES Designation) 3,600 $49,800 Nursing Health Care and Social Assistance 81,900 $55,300 Federal, State, and Local Government (OES Designation) 5,300 $57,200 HOME ECONOMICS MAJORS Home Economics Health Care and Social Assistance 12,400 $39,400 Educational Services 10,400 $27,100 Federal, State, and Local Government (OES Designation) 2,100 $35,400 HUMANITIES AND SOCIAL SCIENCES MAJORS Criminal Justice and Corrections Federal, State, and Local Government (OES Designation) 33,600 $36,400 Administrative and Support and Waste Management and Remediation Services 9,200 $34,000 Health Care and Social Assistance 7,700 $32,600 Educational Services 5,700 $39,900 Professional, Scientific, and Technical Services 5,100 $33,300 English Language and Literature/Letters Educational Services 30,400 $40,400 Professional, Scientific, and Technical Services 6,000 $40,100 Federal, State, and Local Government (OES Designation) 5,000 $44,300 Health Care and Social Assistance 3,800 $36,200 History Educational Services 29,900 $41,900 Professional, Scientific, and Technical Services 10,500 $40,900 Federal, State, and Local Government (OES Designation) 3,900 $45,700 Liberal Arts and Sciences/General Studies Educational Services 32,200 $43,400 Political Science/Government Professional, Scientific, and Technical Services 20,400 $39,300 Educational Services 18,800 $42,800 Federal, State, and Local Government (OES Designation) 8,400 $43,800 Salary Survey 19
TOP INDUSTRIES INDIVIDUAL MAJORS Major/Industry New Grad Entrants 2013 Average Salary Political Science/Government (continued) Health Care and Social Assistance 4,000 $39,200 Psychology Educational Services 46,600 $40,000 Health Care and Social Assistance 39,100 $34,100 Federal, State, and Local Government (OES Designation) 15,000 $41,600 Professional, Scientific, and Technical Services 6,400 $38,800 Social Work Health Care and Social Assistance 15,600 $34,300 Federal, State, and Local Government (OES Designation) 8,900 $39,500 Educational Services 2,300 $41,700 Sociology Educational Services 10,600 $38,100 Federal, State, and Local Government (OES Designation) 10,300 $40,300 Health Care and Social Assistance 10,200 $34,000 Professional, Scientific, and Technical Services 3,000 $37,900 Sociology Top Industries: $37,300 2013 Average Salary $36,700 2012 Average Salary 1.6% Increase $38,100 Educational Services $40,300 Federal, State, and Local Government $34,000 Health Care and Social Assistance $37,900 Professional, Scientific,and Technical Services 10,600 New grad entrants 10,300 New grad entrants 10,200 New grad entrants 3,000 New grad entrants 20 Salary Survey