Individuals with a college degree will see an increased salary compared to previous years
For the first time since 2008, students can expect an increase in their post-graduation paychecks, according to the newly released survey by the National Association of Colleges and Employers, CNN reports. Students who graduate this spring are expected to receive job offers with starting salaries of approximately $50,034, reflecting a 3.5 increase from last year.
Business majors in particular may notice bigger paychecks, with their average salary rising 2 percent to about $48,089 annually.
Students with college degrees may also find it a little easier to get one of these jobs, as employers said they plan on increasing the number of graduates they hire by about 13.5 percent compared to last year, the news provider states.
A study by the Georgetown University Center on Education points to similar results. Showing the importance of higher education, the report shows that by 2018, the workforce will require about 22 million people with college degrees to fill empty positions. In this future job market, about 12 percent of positions will require an associate's degree, 23 percent will need a bachelor's degree and 10 percent will demand a master's degree.
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