Wage For The New Grad

 

Wage for the New Grad: What You Need to Know

Introduction

As a new graduate entering the job market, one of the most important things to consider is your salary. You may be wondering what the average wage for new graduates is, and how to negotiate your salary to get the best deal possible. In this article, we will explore the wage for new grads in different fields and regions, and provide tips for negotiating your salary.

Wage for New Grads in Different Fields

The wage for new graduates can vary widely depending on the field they are entering. According to the National Association of Colleges and Employers (NACE), the average starting salary for new graduates in 2021 was $56,500. However, this number can be much higher or lower depending on the industry.

• STEM fields: STEM (science, technology, engineering, and math) fields tend to have higher starting salaries, with an average of $66,885 according to NACE.
• Business: Business majors can expect an average starting salary of $58,743, according to NACE.
• Liberal arts: Liberal arts majors, on the other hand, tend to have lower starting salaries, with an average of $47,426 according to NACE.

Wage for New Grads in Different Regions

The wage for new graduates can also vary depending on the region they are in. Here are some examples:

• San Francisco: San Francisco has the highest starting salary for new graduates, with an average of $75,000 according to NACE.
• New York City: New York City has the second-highest starting salary for new graduates, with an average of $67,000 according to NACE.
• Midwest: The Midwest tends to have lower starting salaries, with an average of $49,953 according to NACE.

Tips for Negotiating Your Salary

Now that you know what the average wage for new grads is, it's important to know how to negotiate your salary to get the best deal possible. Here are some tips:

1. Research the industry and company: Before you start negotiating, do your research on the industry and company. Find out what the typical salary range is for your position.
2. Highlight your skills and experience: Make sure to highlight your skills and experience during the negotiation process. This can help justify