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At graduate degree levels, computer science majors reap top dollars
Engineering majors are projected to be the top-paid bachelor’s degree graduates from the Class of 2015, according to a new report by the nonprofit National Association of Colleges and Employers (NACE).
Employers responding to NACE’s
January 2015 Salary Survey projected starting salaries for engineering graduates that average $62,998. Within the reported engineering disciplines, petroleum engineering majors are likely to earn the highest salaries with an anticipated average salary of $80,600.
Following closely behind the engineering graduates in terms of projected starting salaries are those earning bachelor’s degrees in the computer sciences field. These grads are projected to earn an average starting salary of $61,287.
At $56,171, the third-highest average salary projection among bachelor’s degree graduates is for math and sciences majors. Within these disciplines, physics majors received the highest projection—$64,625.
Average Projected Salaries by Undergraduate Discipline
2015 Average Starting Salary
Math & Sciences
Agriculture & Natural Resources
Source: NACE, January 2015 Salary Survey
Master’s Degree Salaries
At the master’s degree level, computer science majors have the highest salary projection for the Class of 2015 at $71,140, followed by engineering degree holders at $69,698. Graduates receiving master’s degrees in business can anticipate earning salaries that average $67,890.
The remainder of the master’s degree broad categories have higher salary projections than their bachelor’s degree counterparts, and all salary projections exceed $50,000.
Average Projected Salaries by Master’s Discipline
Doctoral Degree Salaries
At the doctoral degree level, computer science degrees have the highest projected average salary—$94,000. Individual majors within the computer sciences varied in terms of starting salaries, with doctoral degree software applications majors slated to earn a substantial average of $100,000—the highest individual major in the January 2015 report.
As a group, doctoral degree engineering majors have an average salary of $88,397. Five of the nine reported doctoral engineering degrees garner salary projections that exceed $90,000, with aerospace engineering majors being the highest among them at $95,000.
While salaries offered to most doctoral graduates are expected to outpace those with master’s degrees in the same field, as a group doctoral degree business majors have a projected average salary of $58,000, which is below those earning master’s degrees in business. A possible explanation for this discrepancy might be that a doctorate-level business degree is viewed more as an academic than a business credential.
Average Projected Salaries by Doctoral Disciplines
Agriculture & Natural Resource
Oil and gas extraction is expected to be the top-paying industry for Class of 2015 bachelor’s degree graduates, regardless of their major, according to the survey. The rest of the top five top-paying industries all deal with manufacturing.
Top-Paying Industries for Class of 2015(bachelor’s degree graduates, all majors)
Average Salary Projection
Oil and gas extraction
Motor vehicle manufacturing
Chemical (pharmaceutical) manufacturing
Food and beverage manufacturing
Computer and electronics manufacturing
Source: NACE, January 2015 Salary Survey
Survey responses were provided by NACE employer members, who reported their projected salaries for their anticipated new hires from the Class of 2015. The January 2015 Salary Survey was conducted from Aug. 11, 2014 through Nov. 24, 2014.
Stephen Miller, CEBS, is an online editor/manager for SHRM. Follow him on Twitter
Related SHRM Article:
Signing Bonuses for New Graduates Return,
SHRM Online Compensation, December 2014
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