USC 401


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USC 401

  1. 1. College grads: Here's what your B.A. is worth Christine Bordenave Nadeem Elborno Andrew Guenther Geoff King Bill Sheehan
  2. 2. Video <ul><li>Testing the job-fair waters </li></ul><ul><ul><li>A recent college grad pounds the pavement at a local NYC job fair in hopes of landing a job. </li></ul></ul>
  3. 3. There's a hope for us all! <ul><li>According to a study released on Thursday, the decline in starting salaries for college graduates is starting to stabilize. </li></ul><ul><ul><li>Although there was a decline of salary for 2010 graduates of 0.7% from last years' graduates, the decreases in salaries since 2008 have started to level off. </li></ul></ul>
  4. 4. Average Salary of a 2010 Graduate <ul><li>In 2009 the </li></ul><ul><li>average salary </li></ul><ul><li>of a college </li></ul><ul><li>graduate was </li></ul><ul><li>$48,633 </li></ul>In 2010 the average salary of a college graduate was $48,288
  5. 5. Is Your College Major One of the Top-Paid? <ul><li>Technical majors were the highest paid degrees </li></ul><ul><ul><li>i.e., computer science and engineering </li></ul></ul><ul><li>Liberal arts majors had the least earning potential as of May 2010 </li></ul>
  6. 6. High vs. Low <ul><li>Petrolium engineering graduates can earn a starting salary of $77,278, on average </li></ul><ul><ul><li>That is the highest paid major in the 2010 survey </li></ul></ul><ul><ul><ul><li>This is followed by chemical engineering, mining and minerals engineering, computer science and computer engineering </li></ul></ul></ul>
  7. 7. Is the Top Earning Salary as Great as it Seems? <ul><li>While the top earning salary of an engineering major is $77,278, that number has decreased... </li></ul><ul><ul><li>According to the 2009 survey, that price has dropped 1.7% for 2010 graduates </li></ul></ul>
  8. 8. Liberal Arts Majors <ul><li>The starting salary is down 3% as of last year's survey </li></ul><ul><ul><li>Starting salary at $35,508 as of 2010 </li></ul></ul><ul><li>Psychology majors were the hardest hit with a 6.7% decrease in starting salaries </li></ul><ul><ul><li>Starting salary as of 2010 was $32,260 </li></ul></ul>
  9. 9. There IS a Bright Side for Some Liberal Arts Majors <ul><li>Sociology majors </li></ul><ul><li>starting salaries </li></ul><ul><li>rose 3.1% </li></ul><ul><li>to $35,357 </li></ul>History majors saw an increase of .07% from the 2009 survey to the 2010 survey
  10. 10. Business Administration <ul><li>Starting salaries </li></ul><ul><li>have not </li></ul><ul><li>decreased as </li></ul><ul><li>of 2009, </li></ul><ul><li>at a steady </li></ul><ul><li>$46,672 </li></ul>Economic majors salaries increased 4.2%, raising their salaries to $51,698
  11. 11. Reactions <ul><li>1. Be willing to come out of college with a job that is not in your major; take advantage of all possible routes. </li></ul><ul><li>2. Good news that the job market is picking up. </li></ul><ul><li>3. Nervous because of the video; 100 people trying to get the same spot. </li></ul><ul><li>4. Be willing to get your hands dirty and start from the bottom up. </li></ul>
  12. 12. Networking is key! It's not what you know but who you know.