An annual survey by the American Society of Employers that took a wide-ranging look at the current state of salaries and benefits produced good news for 2019 college graduates and co-op students.
The survey also presented employers with a glimpse of recruitment trends associated with new entrants to the workforce.
The survey indicated the low national unemployment rate could benefit college graduates, as more and more companies are creating engagement programs to retain their employees, creating a “war for talent.” Businesses are stepping up their recruitment strategies as a result, with 30% of companies increasing recruitment efforts toward college graduates, a 7% increase from 2018.
Additional survey highlights include:
Of the six disciplines identified in the survey, the highest starting salaries were in the engineering disciplines. The average starting salary for electrical engineering was $68,330, and for mechanical engineering, the average was $66,305. Finance came in at $53,981 and computer science salaries started at $53,445. Beginning pay in human resources/labor relations was $49,144, and accounting came in at $44,646.
The survey separated co-op workers and interns by technical and nontechnical roles. The average hourly rate for a college senior in a technical field is $17.84 an hour, and $16.20 hourly for a nontechnical field.