Top College Grads Still Draw Top DollarGene Koretz
Demand for new college graduates may be down this year, but large employers are still raising the ante for those with strong academic records. According to a recent survey of 263 major corporations by Coopers & Lybrand, salary offers have typically been running 3% to 5% higher for high-ranking 1992 college grads, with average increases for those with bachelor's degrees ranging from 3.2% for majors in computer science to 10.3% for agricultural science majors.
The survey notes that recruitment of mbas at top business schools remained strong, with average starting pay rising from $52,400 in 1991 to $53,700 (not counting sign-on bonuses or incentive packages). mba graduates of the Massachusetts of Technology garnered the highest salary offers, averaging $58,000.