NACE’s Winter 2009 Salary Survey report shows that starting salary offers to the college Class of 2009 are flat, with average offers hovering at or near those for the Class of 2008. (See http://www.naceweb.org/salarysurvey/sscover0109.htm .)
The “norm” over the past several years has been for average salaries to new college graduates to increase each year. In fact, the average offer to a bachelor’s degree grad from the Class of 2008 was 4 percent higher than the average offer to the same type of grad from the Class of 2007. The average offer to the Class of 2009 grad, however, shows virtually no movement.
That “flatness” can be seen within specific disciplines, too. Even degrees deemed “in demand” by employers are seeing little in the way of salary increases. Consider the case of computer science grads: Last year at this time, as a group, grads earning degrees in the computer science disciplines saw their average increase 8 percent over the previous year. This year, these “in demand” grads are averaging slightly less than they did a year ago.
Some perspective: This is NACE’s first salary report for the Class of 2009, and the offers reported at this time represent just a small portion of what we can expect for this year’s grads.