Salaries for College Graduates in Technical Majors Continue to Climb

IBL News | New York

Even in the face of the pandemic, starting salaries for new college graduates are climbing: 2.5% compared to the previous year of 2019.

The average starting salary for the Class of 2020 was $55,260, according to a new report from the National Association of Colleges and Employers (NACE).

Technical and STEM-related majors were the highest-paid among students earning bachelor’s degrees.

The list of the ten majors was led by petroleum engineering, computer programming, and computer engineering, as shown in the graphic below.

Another growth area was healthcare, especially due to the COVID-19 pandemic. For example, the increased demand for nurses as frontline workers fueled the 2.1% increase for registered nursing majors to $58,626 for the Class of 2020.

 

MAJOR AVERAGE STARTING SALARY
Petroleum engineering $87,989
Computer programming $86,098
Computer engineering $85,996
Computer science $85,766
Electrical, electronics, and communications engineering $80,819
Operations research $80,166
Computer and information science $78,603
Statistics $75,916
Applied mathematics $73,558
Chemical engineering $72,713

Source: Summer 2021 Salary Survey, National Association of Colleges and Employers

 

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