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Average starting salaries flat for class of 2017: NACE

July 20, 2018

Starting salaries for class of 2017 graduates remain flat, according to a report from the National Association of Colleges and Employers.

The average overall salary for class of 2017 grads with bachelor’s degrees edged up only 0.3% compared to the class of 2016 and have increased less than 1% over the past two years, according to NACE’s Summer 2018 Salary Survey.

The survey found the overall average salary for the class of 2017 is $50,516, similar to the average salary of $50,359 reported for the class of 2016.

However, health sciences majors stood out from the trend with a 7.5% increase to their overall average starting salary, which climbed to $53,872 this year from last year’s average of $50,124.

Graduates who majored in various computer science fields earned the highest average starting salary for the third consecutive year. However, at $72,677, the overall average for these majors is just 1.1% higher than last year’s average of $71,916. Engineering graduates are also highly paid, with an overall average starting salary of $65,539, up 1% from last year’s average.

Mathematics and statistics graduates are the only other group of majors with an average starting salary that exceeds the $60,000 mark; the overall average salary for this group rose 1.5% to $60,631.

The average starting salary for bachelor’s degree business majors follows the same overall trend this year, edging up 0.8% to $52,456.

Salaries for graduates earning degrees in the social sciences are nearly unchanged with the overall average salary for the group at $46,707, just 0.1% lower than last year’s average.

The Summer 2018 Salary Survey report provides actual starting salaries (not projections) for the college class of 2017. Data were gathered from class of 2017 graduates through Dec. 31, 2017, and reported to NACE through May 25, 2018.