Bloomberg the Company

Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Follow Us

Industry Products

Businessweek Archives

New College Grads Find Business A Bit Friendlier


Economic Trends

NEW COLLEGE GRADS FIND BUSINESS A BIT FRIENDLIER

Despite manufacturers' cautious attitudes, there's finally some good news for new college grads. For the first time in five years, Michigan State University's Collegiate Employment Research Institute reports that its annual nationwide survey of employers shows a rise in hiring intentions. While the pickup in the current 1993-94 academic year is a mere 1.1%, it follows a cumulative decline of 35% over four years.

Overall, the outlook is decidedly mixed. The auto industry, banking and finance, hotels, and aerospace all plan to boost hiring by at least 25%, but hiring by government and many other industries remains depressed. Starting salaries, projected to rise a modest 0.4% to 1.6%, continue to decline in real terms. The dollar range for bachelor's degree grads runs from a low of $20,500 for journalism majors to a high of $40,341 for chemical engineers. For MBAs, the average starting salary is projected at $37,530.GENE KORETZ


LIMITED-TIME OFFER SUBSCRIBE NOW
 
blog comments powered by Disqus