Thursday, February 11, 2021

NACE projects Class of 2021 BS chemistry starting salaries will drop 3%

From the inbox, the latest survey projections from the National Association of Colleges and Employers: 

The average starting salary projections for all reported categories of majors for Class of 2021 bachelor’s degree graduates show increases, albeit some of them are on the smaller side, according to NACE’s Winter 2021 Salary Survey.

...Class of 2021 graduates earning degrees in the computer sciences field are one exception to the small increases in starting salary projections. The average salary projection for these graduates is $72,173, which is a climb of 7.1% from last year’s projection of $67,411 for the Class of 2020.

It is important to note that, although all categories are projected to see increases in their salaries, not all majors within the category are expected to do so. For example, the overall average salary for math and sciences majors is expected to increase 1.3% to $63,316. However, chemistry majors, who fall into this category, are projected to see their average salary drop 3% to $59,625, while math majors are expected to average $67,360—a 4.5% increase.

I can't access the report, so I can't quite see how the sausage is made to get to this number. Would be interesting to know what the errors bars around these projection are, and how well these projections actually bear out.  

1 comment:

  1. More proof, if it were needed, that "STEM" is not a homogeneous entity, and that the "TE" part does disproportionately well relative to the "SM" part.


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