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Starting Salaries Increase for 2011 Grads

July 8, 2011
by Alexis Mattera
Attention recent college grads: You may be able to pay down those student loans a bit sooner than expected!

Attention recent college grads: You may be able to pay down those student loans a bit sooner than expected!

According to the annual Salary Survey by National Association of Colleges and Employers, graduates from the Class of 2011 shows a 4.8 percent starting salary bump over last year’s graduates. The increase was seen across most disciplines including engineering, liberal arts and social sciences, though 5 percent more 2010 graduates were able to find jobs than their 2011 counterparts. With approximately $2,357 more before taxes (this year’s grads will average $51,018 to last year’s average of $48,661), new grads will have enough for a few months of rent, some padding to a savings account or, yes, a way to make a dent in those loans.

Recent grads, are you happy about this news? Soon-to-be grads, are you hopeful the salary figures will continue to increase until you finish college?

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Tags: Career , College , College and the Economy , College Costs , College Goals , College Life , College Majors , Finances , Job Search , Loan Repayment , Loans , Money Management , Student Loans

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