BETHLEHEM, PA—The average salary for bachelor’s-degree graduates from the Class of 2016 is up 3.8 percent, according to a new report from the National Association of Colleges and Employers (NACE).
NACE’s Fall 2016 Salary Survey shows that the overall average salary for the Class of 2016 is $52,569, up from the average salary of $50,651 reported for the Class of 2015 in fall 2015. However, it is important to note that this is a preliminary number based on early returns to NACE’s Class of 2016 First-Destination Survey, and should be considered in context. The starting salaries reported here are early indicators.
Driving the overall salary increase are the reported salaries for graduates who earned bachelor’s degrees in the computer sciences. As a group, they are the highest-paid in this report, with an overall average starting salary of $71,534. (See Figure 1.) This is up almost 9 percent over the $65,849 average reported last year at this time.
Engineering graduates from the Class of 2016 are the second highest-paid; their overall average starting salary is $66,121, up 7 percent over last year. They are followed by mathematics and statistics majors, who currently have an average starting salary of $62,985, a jump of almost 16 percent over last year at this time.
Bachelor’s degree graduates in business also ranked among the mostly highly paid majors this year. Their overall average starting salary stands at $53,836, up almost 9 percent over last year’s reported average salary of $49,536.
An executive summary of the Fall 2016 Salary Survey report is available at www.naceweb.org/salary-resources/salary-survey.aspx.
About Salary Survey: The data contained in NACE's Fall 2016 Salary Survey report were collected from July 25, 2016, through September 12, 2016, and were provided by 38 colleges and universities nationwide that are participants of NACE’s national First-Destination Survey. The data represent actual starting salary data for Class of 2016 graduates (those who graduated July 1, 2015, through June 30, 2016).
Final starting salary data for the Class of 2016 will be available in the Spring 2017 Salary Survey.
Salary projections for the Class of 2017 will be available in the Winter 2017 Salary Survey.
About NACE: Since 1956, the National Association of Colleges and Employers (NACE) has been the leading source of information about the employment of college graduates. For more information, visit http://www.naceweb.org. NACE maintains a virtual press room for the media at www.naceweb.org/press-releases.aspx.