According to a recent report on average starting salaries for the College Class of 2013 from the National Assocation of Colleges and Employers, the highest-paid major for this year’s college graduates are petroleum engineering majors, who are averaging starting salaries of $93,500. The overall average starting salary for all engineering graduates this year was $62,535, reports Mark Perry.
Here's more data from the report.
TOP FIVE PAYING SECTORS:
The data below shows the top five industries that are expected to pay the highest starting salaries to 2013 bachelor’s degree graduates, regardless of major. The number of new graduate entrants reported to be hired by each particular industry is also listed here.
Mining, Quarrying, and Oil and Gas Extraction: This sector comprises establishments that extract naturally occurring mineral solids, such as coal and ores; liquid minerals, such as crude petroleum; and gases, such as natural gas. Average salary $84,182 Number of entrants 1,100
Management of Companies and Enterprises: This sector comprises 1)establishments that hold the securities of companies and enterprises for the purpose of owning a controlling interest or influencing management decisions, or 2) establishments that administer, oversee, and manage establishments of the company or enterprise. Average salary $56, 955 Number of entrants 51,200
Construction: The construction sector comprises establishments primarily engaged in the construction of buildings or engineering products (e.g., highways and utility systems.) Average salary $56,837 Number of entrants 1,900
Manufacturing: The manufacturing sector comprises establishments engaged in the mechanical, physical, or
chemical transformation of materials, substances, or components into new products. Average salary $55,084 Number of entrants 94,700
Finance and Insurance: This sector includes establishments primarily engaged in financial transactions and/or in facilitating financial transactions Average salary $52,875 Number of entrants 100,200
TOP HIRING INDUSTRIES
The below data shows the top five industries that reported the highest number of new graduate entrants expected for 2013 bachelor’s degree graduates, regardless of major. The average starting salary reported by each particular industry is also listed.
Educational Services: This sector comprises establishments that provide instruction and training in a wide variety of subjects. The instruction and training is provided by establishments such as schools, colleges, universities, and training centers. Average salary: $39,992 Number of hires: 455,400
Professional, Scientific, and Technical Services: This sector comprises establishments that specialize in performing professional, scientific, and technical activities for others. These activities require a high degree of expertise and training. (examples - accounting, bookkeeping, payroll services, architectural, engineering, and computer services.) Average salary: $48,609 Number of hires:307,900
Healthcare and Social Assistance: This sector comprises establishments providing healthcare and social assistance for individuals. The sector includes both healthcare and social assistance because it is sometimes difficult to distinguish between the boundaries of these two activities. Average salary: $42,698 Number of hires: 274, 300
Federal, State, and Local Government (OES Designation): Federal, State, and local Government, excluding state and local schools and hospitals, and the U.S. Postal Service. Average salary: $45,862 Number of hires: 203,500
Finance and Insurance: This sector includes establishments primarily engaged in financial transactions and/or in facilitating financial transactions.Average salary: $52, 8757 Number of hires: 100,200
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