Sunday, February 11, 2007

Starting Offers for College Graduates Increase

With the employers expecying to hire more recent college graduates and give them better starting offers this could mean a big rise in college and university enrollment and graduation rates for students. With the average starting offer for college students to average close to $47,000 many students may choose to stay in school instead of getting that nice paying job right after high school. The implicit cost of going to college and recieving a degree will be much higher and the benefits will seem greater when they graduate with a college degree. The majors that seeem to be having the most luck creating the most benefits after graduation are mechanical engineering, chemical engineering, management, civil engineering, electrical engineering, computer science, and accounting. These are starting to become the attractive majors for students who want to recieve a hefty paycheck when they recieve that diploma. However, there are some majors that may begin to lose some appeal as their starting salaries have decreased over the past few years. This majors are primarily the liberal arts, such as pschology, english, political science, and history. This information may lead students to avoid such majors and go to the direction of bigger incentives and major in the engineering fields.

3 comments:

Kimberly Nelson said...

With more incentives for people to major in engineering less people will want to look into other professions. With something like the arts disappearing in schools, more it will disapear further with people not in education or the arts programs. I would say these are implicit costs.

Greg Delemeester said...

Who is LCH001MC? I can't give credit to your blogging if I don't know who you are. Please change your Display Name on Blogger.

Keith Zeigler said...

Isn't it a cycle though? Yes, while the demand currently is for engineers of any type and computer programmers, 10-15 years in the future we may be seeing surplus in this area. The demand could potentially go down in these majors, thus lowering the average starting salaries. Meanwhile, if less students are majoring in english, psychology, political science, history, wouldn't it also make sense that in the same 10-15 years into the future that there is a shortage of workers in these fields. One would then think that the demand for these majors would be greater, thus raising their average starting salaries. So are the demand for certain majors and their respective salaries all cyclical then?