Job Outlook for College Grads in 2011

There is some good news for college graduates right now.  Employment numbers have improved for this group.  The WallStreet Journal reported that college graduates are, “more likely to be working: Unemployment among college grads is 4.2% vs. 9.7% for high-school grads. And they make more: The typical full-time worker with a four-year degree is earning 65% a week more than a high-school grad.”

CNNMoney reported, “College grads are getting offered bigger paychecks for the first time since 2008. Students who will graduate this spring are receiving job offers with starting salaries averaging $50,034 per year, up 3.5% from last year, according to a survey from the National Association of Colleges and Employers. ” Those obtaining business degrees saw the biggest increase. 

Simply hired lists the average college graduates’ salary at $46,000.  They offer a calculator to find out specific salaries for individual jobs.  Click here for the link to that salary calculator.

The following demonstrates the kind of information this calculator provides based on two jobs that require degrees.  The following are the results for a pharmaceutical sales representative and a high school teacher:

Things may be looking better for college graduates, but there are still 1 out of 6 who have a bachelor’s degree and are unemployed.  These numbers are worse for more recent graduates than those who have been in the job market for a while.  This has led to some pessimistic views by some graduates.  There are those that worry about the country’s economic future and its impact on their own financial future. To read more about this, check out:  Gloom Widespread as College Grades Face New Math.

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