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Business Journal: Salaries for College Grads Down

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(Sacramento, CA)
Monday, July 12, 2010
College graduates who recently heard pomp and circumstance are learning a new tune - grim reality.  Recent college graduates are receiving slightly lower job offers, as companies have more applicants to choose from and fewer openings.
The National Association of Colleges and Employers says the average college grad's job offer this year is 1.3 percent less than a year ago, dipping to $48,700 per year.  And the once-coveted business, computer science and engineering grads are facing some of the largest percentage declines. Job offers to business administration graduates are off 2.5 percent, while computer science and engineering grads are losing about a half percentage point in pay compared to last year.
English majors had the largest percentage increase at seven percent, followed by sociology grads with six percent gains.  But those jobs also pay less - almost $25,000 lower than the highest-paid category, computer science.
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