New college graduates who have a background in engineering can expect to cash in when they hit the job market, a new study finds.
Specifically, computer engineering majors take home the highest staring salary of $70,400. Chemical engineering, aerospace/aeronautical/astronautical engineering, mechanical engineering, electrical/electronics and communications engineering and civil engineering were also among the 10 highest-paid starting salaries for recent grads.
"This is not surprising since the supply of these graduates is low, but the demand for them is so high,"said NACE executive director Marilyn Mackes.
The average starting salaries for the other majors in the top 10 are:
- Chemical Engineering: $66,400
- Computer Science: $64,400
- Aerospace/Aeronautical/Astronautical Engineering: $64,000
- Mechanical Engineering: $62,900
- Electrical/Electronics and Communications Engineering: $62,300
- Civil Engineering: $57,600
- Finance: $57,300
- Construction Science/Management: $56,600
- Information Sciences and Systems: $56,100
Overall, the study found that the average starting salary of all new college grads is $44,455, up 3.4 percent from a year ago. Among the broad categories of majors, education, up 5.4 percent, business, up 4.2 percent, and communications, up 4.1 percent, experienced the largest increases to their average starting salaries.
The research was based on data from approximately 400,000 employers.