Friday Fun Fact: Good news for class of ‘17
With graduation season almost behind us, here’s a fun fact all new college grads should enjoy:
According to executive search firm Korn/Ferry International, the average base salary for new college grads has risen to $49,785. That’s a 10-year high, and 3 percent more than last year, the firm noted. That figure also represents a 14 percent boost from pre-recession base salaries in 2007.
More good news for those with newly minted baccalaureates: the unemployment rate for college grads in the U.S, has dropped to a minuscule 2.5 percent this year, according to the federal government’s Bureau of Labor statistics. That compares to 5.3 percent for those with a high school diploma and no college, and 7.7 percent for those with less than a high school diploma.
Clearly, America’s colleges and universities are serving students well when it comes to employment opportunities. Now what are you waiting for grads — it’s time to get to work!