August 02, 2017 | By NACE Staff
TAGS: compensation, salaries, trends and predictions, surveys, spotlight
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Engineering technologies graduates were the top earners among Class of 2016 master’s degree graduates, while, at the doctoral level, graduates earning degrees in business, management, marketing, and related support services earned the highest average starting salary, according to results of NACE's Spring 2017 Salary Survey, the final report for the class.
At the master’s degree level, engineering technologies graduates earned an average starting salary of $83,230, followed closely by multi/interdisciplinary studies majors at $82,110, computer and information sciences and support services at $81,619, and legal studies majors at $81,273.
Computer and information sciences and support services majors also earned a high average starting salary of $115,925 at the doctoral level. However, they were second on the list of top average salaries to business, management, marketing, and related support services graduates, whose salaries averaged $116,798. Also among the top earners were transportation and materials moving majors ($95,693) and public administration and social service professions majors ($91,035).
Data contained in NACE's Spring 2017 Salary Survey report were reported to NACE through its national Class of 2016 First-Destination Survey by 358 colleges and universities nationwide, and represent data for more than 400,000 graduates across all degree levels. Most of the analysis provided here, however, focuses on the data provided for the more than 72,900 bachelor’s degree graduates. NACE's Spring 2017 Salary Survey report provides actual starting salaries (not projections) for the college Class of 2016, and serves as the final salary report for the Class of 2016. It is available to members in MyNACE. An executive summary report is available at www.naceweb.org/research/reports/.
Figure 1: Average Salaries by Discipline for Class of 2016 Master’s Degree Graduates
Figure 2: Average Salaries by Discipline for Class of 2016 Doctoral Degree Graduates
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Unemployment rate, bachelor’s degree grads age 20 – 24
Bureau of Labor Statistics
Average starting salary, Class of 2018 bachelor’s degree graduate
Summer 2019 Salary Survey
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Percent of Class of 2017 bachelor’s degree grads employed or pursuing more education
First Destinations for the College Class of 2017