Wednesday, June 22, 2011
Signs of a recovering economy are apparent in the uptick in starting salaries for Class of 2011 graduates, particularly business graduates, according to the National Association of Colleges and Employers (NACE). The latest salary statistics included in NACE’s Spring 2011 Salary Survey show that the average salary offer to a bachelor degree candidate is $50,462, which is up 5.9% over last year’s average offer of $47,673 to Class of 2010 graduates. NACE reports that the increase of 6.2% posted by business majors is the main contributing factor in the overall increase.
With approximately 85% of the undergraduate salary data in, Wisconsin School of Business students appear to be faring better than their peers nationally with students reporting an average salary of $53,444 – an increase of 6.3% over last year’s salary of $50, 298. Similarly, average signing bonuses are coming in higher at $6,187 – up 37% from last year’s reported signing bonus of $4,490. Top hiring industries of Wisconsin business undergraduates by number of hires to date were from financial services, followed by retail/merchandising, accounting, real estate, insurance, technology, consumer goods and consulting.