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ERIC Number: ED590548
Record Type: Non-Journal
Publication Date: 2015
Pages: 5
Abstractor: ERIC
ISBN: N/A
ISSN: N/A
EISSN: N/A
Recruiting Trends, 2015-2016. 45th Edition. Brief 3: Starting Salaries
Schlick, Stephanie, Ed.
Collegiate Employment Research Institute
The Collegiate Employment Research Institute (CERI) has broken down the employer information into a series of short briefs. This sample was generated from employers currently seeking college talent through their interactions with college and university career services offices. Nearly 200 career service centers from around the country invited their employers to participate in this study. More than 4,730 employers provided information useful for understanding recruiting trends and practices. Information is also included from respondents recruiting talent from full-time positions, internships, and co-ops. The focus of this brief is starting salaries, and respondents report that most employers (61%) will keep starting salaries at the same level as last year. About 39 percent of employers will increase starting salaries by 2-5 percent. The average will be 4.7 percent; the median is 3 percent (18% of employers increasing starting salaries) and the mode (most common) is 2 percent (26% of employers). Wage pressure has been minimal since the market crash. Many employers decreased starting salaries and eliminated the signing and performance bonuses new college graduates expected as part of their job offers. This year, competition for qualified job candidates will be fiercer than last year. Yet, most employers seem to be holding on wages and bonuses. Another way to infer the patterns in starting salaries is to examine the reported averages over the last seven years for selected academic majors. These figures have not been adjusted for inflation, and aggregate salaries may lag slightly behind inflation. Each year's sample represents a different mix of employers with only about 40 percent repeating each year. Starting salaries declined for most majors during the first few years of the recession. Salary recovery remains uneven five years later. Of the majors listed here, advertising and mathematics may still be in flux. Engineering and IT are beginning to see bigger boosts in starting offers. The average starting salaries reflect base salary only and do not include commissions, stipends, bonuses, housing and moving allowances, or other incentives. Extremely low and high salaries were examined to see if they fit within an acceptable range and omitted the few extremely low salaries. The range of salaries for selected degrees, throwing out the highs and lows; were also examined, and the range is 6-94 percent. Key findings from 2015-16 are presented in this research brief.
Collegiate Employment Research Institute. 113 Student Services Building, Michigan State University, East Lansing, MI 48824. Tel: 517-355-9510; Fax: 517-355-9523; Web site: http://ceri.msu.edu
Publication Type: Reports - Research; Numerical/Quantitative Data
Education Level: Higher Education; Postsecondary Education
Audience: N/A
Language: English
Sponsor: N/A
Authoring Institution: Michigan State University, Collegiate Employment Research Institute
Grant or Contract Numbers: N/A