The average starting salary means the pay for students straight out of college. It is merely the average entry level salary for those with little or no experience in the job market. The average starting salary will vary depending on the bachelor’s degree major for the students who have graduated. There are those majors that will pay the highest in the first year of employment.
For example, according to a survey of 2015, conducted by the National Association of Colleges and Employers, for students who graduated in 2014, majors in engineering had the highest average starting salary of $68,367 followed by majors in business. So, There are several factors that are affecting average starting salary.
Factors like paid internships and the state or country you land your fast job in, will also influence the average starting salary. Paid internships put a student in a better position to land a first-time job and with better pay than unpaid internships. Employers will handsomely reward students who underwent paid internships during their undergrad program. The average starting salary according to the survey conducted for all bachelor’s degree majors, amount to $45,478, for those who graduated in 2014.
Majors in computer science and engineering remain to enjoy the highest average starting salary. However, the state in which you land your first job straight from college will affect the magnitude of your salary. For example, the average starting salary for grads with computer science major is $85,000 in San Francisco which is different when you compare with other cities and states in the USA.
Students who graduate top of their class will also likely land better paying first-time jobs. Their average starting salary is therefore expected to be higher than the average students. Although each major is rewarded differently, there are other factors like the cost of living which will determine the average salary for students who are newly grads.