Go Figure: If There’s Really a Talent Shortage…

…then why aren’t starting salaries increasing?

“The current average salary offer to accounting majors—$47,429—is literally just a few dollars higher than the average these grads posted in Spring 2007—$47,421,” according to the annual survey by the National Association of Colleges and Employers.

Meanwhile, many other technical disciplines are seeing salary offers increase substantially. For example, the average offer to computer science graduates skyrocketed 14.7 percent to $59,873 this year. Also: construction science/management (13.4 percent, to $52,745); aerospace engineering (11.3 percent increase, to $57,999); and agricultural business and management (11.2 percent increase, to $42,299).

And hefty increases aren’t limited to the technical fields: “The average offer to psychology graduates rose 10.7 percent from $30,751 to $34,054,” says a spokesperson.

This, despite the fact that accounting firms are among the most voracious recruiters on campus this year.

So, what’s to blame? NACE’s best guess: “the effects of changes in the economy.” Now, that doesn’t sound good.

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Posted at June 10, 2008
Filed Under BSG [CPA TRENDLINES] | 1 Comment

Comments

One Response to “Go Figure: If There’s Really a Talent Shortage…”

  1. Chad Bordeaux on June 16th, 2008 10:25 pm

    These are odd stats. I know in our area (Charlotte, NC), the salaries rose considerably during that time for the department at the Company I worked for. I am not sure about the salaries of recent grads as we didn’t really have any. I would have thought they would have risen too.

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