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Salary Number One Factor in Getting to “Yes”

Spotlight Online for College Employment and Recruiting Professionals, August 4, 2009
 

What’s the number one reason why a student accepts—or rejects—an offer?

Results from NACE’s 2009 Student Survey* show that salary played a major role. Other factors contributing to the decision to take a job: benefits, job location, and reputation of the company.

Especially for hard-to-find majors, getting to “yes” can carry a high price tag. For example, just a handful of bachelor’s degrees went to petroleum engineering grads, who garnered the highest starting salary—$83,121—as employers had to compete for the limited supply. Chemical engineers came in second at $64,902; although in numbers chemical engineers outpace petroleum engineers by 10 to 1, they account for just a fraction of the overall degrees conferred in any given year.

Top salaries 

Discipline  
Starting Salary Offer
 
# of Degrees Conferred
 
Petroleum Engineering 
$83,121
 
450
 
Chemical Engineering 
$64,902
 
4,492
 
Mining Engineering 
$64,404
 
129
 
Computer Engineering 
$61,738
 
4,620
 
Computer Science 
$61,407
 
8,496
 

Source: Summer 2009 Salary Survey (salary data); National Center for Education Statistics, Digest of Education Statistics 2008 (degrees conferred data for 2006-07, most current data available). All data are for bachelor’s degrees.

* The 2009 Student Survey was conducted from February 19 through April 30, 2009; more than 35,000 students from more than 840 colleges and universities nationwide—including more than 16,500 graduating seniors—participated. The survey report will be available in the fall.


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