The overall average starting salary for Class of 2014 college graduates stands at $48,707, up 7.5 percent from the average of $45,327 posted by the Class of 2013 at this time last year, according to a new report by the National Association of Colleges and Employers (NACE).
Driving the sizable overall salary increase are the gains made by the communications and computer science disciplines, which are the biggest for Class of 2014 graduates. (See Figure 1.)
Graduates in the communications disciplines saw the largest increase—10.1 percent—bumping up their average starting salary to $48,253.
The average starting salary for computer sciences disciplines bounced back from a 2.5 percent decrease last year to a 6.1 percent increase this year. The average now stands at $62,103. Graduates within the business disciplines saw their average starting salary grow 2.9 percent to $57,229, while the average starting salary for engineering graduates nudged up 1.3 percent to $62,891. Meanwhile, the average starting salary for education majors remained fairly level, slipping by just 0.2 percent to $40,267.
An executive summary of the September 2014 Salary Survey report is available at www.naceweb.org/salary-resources/salary-survey.aspx. The final Salary Survey report for Class of 2014 graduates will be published in January 2015.
Figure 1: Average Salaries by Discipline
|Broad Category||2014 Average Salary||2013 Average Salary||Percent Change|
|Humanities & Social Sciences||$38,049||$37,791||0.7%|
|Math & Sciences||$44,299||$42,731||3.7%|
Source: September 2014 Salary Survey, National Association of Colleges and Employers.
All data are for bachelor’s degree graduates.