Don’t worry, parents. Maybe your kids’ degrees in Philosophy and Gender Studies will pay off. Average salaries for graduates with bachelor’s degrees are up 3.8 percent for the Class of 2016, with surprising gains for liberal arts and humanities majors.
According to a new report from the National Association of Colleges and Employers (NACE), the overall average salary for the Class of 2016 is $52,569, up from the average salary of $50,651 reported by the Class of 2015 at the same time last year.
Graduates with STEM degrees still made out with the best starting salaries. Computer Science majors are the highest-paid, with an overall average starting salary of $71,534, up almost 9 percent over last year's reported average. Engineering graduates are the second highest-paid, with an average starting salary of $66,121, up 7 percent over last year. Mathematics and Statistics majors place third with an average starting salary of $62,985, up almost 16 percent over last year.
But don’t knock the humanities majors. Grads with majors like Latin American Studies and Gender Studies are seeing big gains in full-time employment and pay, per the NACE’s First-Destination Survey: Class of 2015. Average starting salaries for these two majors are up 26 percent to $43,524 for the Class of 2015, compared with the previous year’s graduates. Language Studies nabbed the second-largest salary gains.
Read more at the Denver Business Journal: http://bizj.us/1otcr4
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