Where Will You Find the Best Starting Salaries for Your Major?

SalaryThe first thing on any starving student’s mind when it comes to graduation is… money.

After all, we didn’t spend hundreds of weekends studying and days without sleep for nothing.  We want to graduate – and make money.

While in school, though, I think we all understood: not all degrees were created equal.  Never did I see a Sociology major expecting to have the starting salary of an Engineering major.

What we might not have thought of, however, is just where within our industry we would we make the biggest bang for our buck. For instance, if I was graduating in Business Management, what employers would pay me the most for my major? Retail, manufacturing or academia? Maybe Fortune 100 or start-ups?

Thanks to the recent NACE Survey we now can answer that very question. Below I’ve organized the data by major.  I’ll share what the average salary is as well as who are the high paying and low paying employers.

See where you major… makes major bucks!

 

Accounting

Average Salary: Accounting majors in 2011 saw an average starting salary of $50,500.

Lowest Paying Employers: accounting, tax preparation, bookkeeping, and payroll services at $47,050.

Highest Paying Employers: Securities, commodities, and financial investments at $53,910.

Business Administration/Management

Average Salary: Business Admin/Management majors in 2011 saw an average starting salary of $43,600.

Lowest Paying Employers: Retail at $35,190.

Highest Paying Employers: Hospitals at $60,040.

Communication

Average Salary: Communication majors in 2011 saw an average starting salary of $39,577.

Lowest Paying Employers: Retail, radio, television broadcasting at $33,460.

Highest Paying Employers: Journalism and advertising at $52,300.

Computer Science

Average Salary: Computer Science majors in 2011 saw an average starting salary of $60,594.

Lowest Paying Employers: N/A.

Highest Paying Employers: N/A.

Economics

Average Salary: Economics majors were paid the best out of the business majors in 2011 and saw an average starting salary of $54,400.

Lowest Paying Employers: N/A.

Highest Paying Employers: Securities, commodities, funds, trusts, and financial investments at $77,640.

Education

Average Salary: Education majors  saw an average starting salary of $37,830.

Lowest Paying Employers: N/A.

Highest Paying Employers: Special Education at $39,100.

Engineering

Average Salary: Engineering majors  saw an average starting salary of $61,872.

Lowest Paying Employers: Civil engineering at $57,100.

Highest Paying Employers: Aerospace and computer engineering up to $70,400.

Finance

Average Salary: Finance majors in 2011 saw an average starting salary of $48,300.

Lowest Paying Employers: Banking at $43,830.

Highest Paying Employers: Securities, commodities, funds, trusts, and financial investments at $68,770.

Health Sciences

Average Salary: Health science majors in 2011 saw an average starting salary of $44,955.

Lowest Paying Employers: Hospitals general health science at $38,440.

Highest Paying Employers: Nursing at $48,100.

Humanities and Social Sciences

Average Salary: Humanities and Social science majors in 2011 saw an average starting salary of $35,503.

Lowest Paying Employers: Criminal justice, social work,  $30,500.

Highest Paying Employers: English at $37,400.

Math and Sciences

Average Salary: Math and science majors in 2011 saw an average starting salary of $40,204.

Lowest Paying Employers: N/A.

Highest Paying Employers: Insurance, management consulting, computer systems design, and manufacturing at $50,000.

Marketing

Average Salary: Marketing majors in 2011 saw an average starting salary of $51,200.

Lowest Paying Employers: Retail at $35,680.

Highest Paying Employers: Manufacturing, computer systems, design $57,300.

The great news? Across the board, average starting salaries went up for recent grads compared to 2010. If you graduated and took a lower salary, maybe there are some better opportunities now.  Or maybe you can use this as part of your justification for a raise.

Did any of the numbers surprise you?  Tell me what you think in the comments below.

 

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For this post, YouTern thanks our friends at Careertopia!

 

 

bryce-christiansenAbout the Author: Bryce Christiansen is the Editor-in-Chief of Careertopia and co-creator of the free eCourse, “How to Find the Perfect Career Fit For Your Personality”.  He’s on a personal mission to help people find the career fit that’s right for who they are as a person. Connect with Bryce on Twitter!

 

 

Images courtesy of Dennis Wong, needoptic, Peter Alfred Hess, dawolf-, stuck in customs, Davide Rusconi, Steve Weaver, sidknee23, n0r, alvaro tapia hidalgo, denis mironov, jdlasica, onlinedegrees.com. Thank you!

 

 

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