BETHLEHEM, PA—Seven of the 10 top-paid majors for Class of 2013 bachelor’s degree graduates are engineering majors, according to a new report by the National Association of Colleges and Employers (NACE).
“This isn’t surprising since there is a great deal of competition among employers for engineering majors,” says Marilyn Mackes, NACE executive director.
NACE’s January 2014 Salary Survey—the final report on starting salaries for the college Class of 2013—found that petroleum engineering once again is by far the highest-paid major for the Class of 2013. This has been the case in NACE’s September 2013 and April 2013 Salary Survey reports, as well.
The January report shows that the average starting salary for petroleum engineering is nearly $27,000 more than the average starting salary for computer engineering, which is the second highest-paid major for Class of 2013 graduates. (See Figure 1.)
Other engineering majors among the top 10 are chemical engineering, aerospace/aeronautical/astronautical engineering, mechanical engineering, electrical/electronics and communications engineering, and engineering technology.
Meanwhile, computer science, management information systems/business, and logistics/materials management are the non-engineering majors whose average starting salaries were among the highest for Class of 2013 bachelor’s degree graduates.
An executive summary of the January 2014 Salary Survey report is available at www.naceweb.org/salary-resources/salary-survey.aspx.
NACE’s first report on starting salaries for the college Class of 2014 will be published in April.
Source: January 2014 Salary Survey, National Association of Colleges and Employers. All data are for bachelor’s degree graduates.
About Salary Survey: Salary Survey reports starting salaries for new college graduates in more than 90 disciplines at the bachelor’s-degree level. Data contained in the report are reported by employers, represent accepted starting salaries (not salary offers), and are produced through a compilation of data derived from the U.S. Bureau of Labor Statistics, the U.S. Census Bureau, and a master set of data developed by Job Search Intelligence. Data for the January 2014 Salary Survey report were retrieved in November 2013. Salary Survey is published in January, April, and September.
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