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More Depressing News For Grads (Unless You're An Engineer)

Posted by: Lindsey Gerdes on September 11

The National Association of Colleges and Employers (NACE) has some depressing news for 2009 grads. Apparently, their salaries are down 1.2% from last year, according to data from career services offices nationwide.

This doesn’t seem particularly substantial until you consider the fact that the norm is at least a slight increase year over year and decreases are almost unheard of. In 2008, for instance, salaries actually increased 7.6% over 2007 grads’ pay. Furthermore, less than 20% of grads had a job at the time of graduation.

One bright spot? Average starting salaries for engineering grads actually increased 4.2% to $59,670 in 2009. Freshmen and sophomores, it may not be too late to change your major..

Thank you for your interest. This blog is no longer active.



Read daily reports and special features from BusinessWeek editors and reporters Lindsey Gerdes and Louis Lavelle about companies, careers, and other topics of interest to young professionals.

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