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The Herman Trend Alert June 16, 2010 Mixed Outlook for College Grads While for some of the 2.2 million college-age graduates in the class of 2010, it's a terrible time to be looking for a job, others have companies chasing them. The Great Recession has forced many grads to be "boomerang kids", until they can find a job. Often when they do find jobs, they are low-paying, part-time positions outside their fields of study. Though recent college grads are not ideal job candidates, those with certain specialized degrees are in high demand in some cities, notably Cincinnati, and they’re commanding surprisingly high starting salaries. With the 10.2 percent unemployment in that Metro Area and the thousands of out-of-work professionals looking for jobs, it is curious. A recent survey of the 1,400 member companies in the Employers Resource Association (ERA), a Cincinnati-based HR services and consulting consortium revealed some fascinating statistics about average starting salaries was for recent college graduates. As usual, engineering and technical students will earn the most. Of the top ten best-paying fields for students with bachelor's degrees, eight were in engineering and the sciences, with starting salaries ranging from $48,000 to $54,333. Many of these engineering and science jobs are highly skilled positions requiring training. Employers are willing to pay for graduates' specialized knowledge. The bachelor-degreed graduates commanding the highest starting salaries in Greater Cincinnati are chemical engineering ($54,333), public relations ($54,000), software engineering ($53,964), electrical engineering ($51,266), and construction science ($51,000). Reinforcing these results was a recent report from the National Association of Colleges and Employers in which eight of the ten top-paying majors are in engineering. By contrast, the graduates commanding the lowest starting salaries are criminal justice and corrections ($26,000), liberal arts and sciences ($29,970), English ($30,470), psychology ($33,500) and communications ($36,079). Also recently, Yahoo.com released its list of the most desirable degrees:
Other data from the ERA study reflected that employers are paying the most for specialized degrees. Expect this payment for specialization to continue and the move towards specialization in all fields to intensify. © Copyright 1998- by The Herman Group, Inc. -- reproduction for publication is encouraged, with the following attribution: From "The Herman Trend Alert," by Joyce Gioia, Strategic Business Futurist. (800) 227-3566 or http://www.hermangroup.com. The Herman Trend Alert is a trademark of The Herman Group, Inc."
BACK BY POPULAR DEMAND: RETENTION SPECIALIST PROGRAM
DO YOU SELL TO MIDMARKET COMPANIES?
LOOKING FOR GOOD CANDIDATES? VETJOBS CAN HELP! To read this Herman Trend Alert on the web: http://www.hermangroup.com/alert/archive_5-15-2013.html.
Herman Trend Alerts are produced by the Herman Group, strategic business futurists, Certified Management Consultants, authors, and professional speakers. New subscribers are welcome. There is no charge for this public service. The Herman Trend Alert is read by over 30,000 subscribers in 87 countries, including other websites and printed periodicals. Do you enjoy receiving this weekly e-mail update? Contact us about our co-branded Herman Trend Alert service. Click here to sign up for the Herman Trend Alert.
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