2008 College Graduates Report Higher Starting Pay
Recent 2008 college grads aren’t worried about the economy, their starting salaries are one of the few things on the rise. BusinessWeek reports that these graduates are earning 7.1% more than they were one year ago.
Business and financial majors all appearing to be seeing increased wages. Business Admin, Marketing, Economics, Finance and Accounting all saw varied increases.
While salaries are up, hiring is down. The National Association of Colleges & Employers conducted the report. Andrea Koncz, spokesperson for NACE says “Whereas last year [companies] were saying they would be hiring 16% more graduates, this year they’re anticipating hiring only 8% more.”
Career advisors at various colleges are all using “cautiously” as the word to describe their advisement. Companies are still hiring, but doing it delicately.