The earning capacity of fresh graduates depends on the skills they are capable of bringing to the workplace. Based on the various researches conducted on the current b-school graduates, alumni and recruiters indicate that higher education helps in making students more marketable leading to greater earning power. This in turn can lead to greater job satisfaction as well as an enhanced ability to succeed in the current economy.
Earning Potential for 2011 graduates
The current economy indicates that the average starting salary for people who graduate in 2011 will be greater than of fresh graduates of previous years. As per the recent survey conducted by the National Association of Colleges and Employers (NACE), the average salary offered to a bachelor’s degree graduate this year is $50,034 which is up by 3.5 percent as compared to that offered last year. Some of the career options for fresh graduates after a college degree include accounting, finance, business, and computer science. Popular online degree programs with increased earning potential for the year 2011 are:
- Accounting – Average starting salary: up to $49,022 – This field is in great demand as accountants are required in various fields to balance budgets. The curriculum in accounting teaches you accounting principles and courses like statistics, tax planning, auditing, corporate valuation, and accounting for mergers & acquisitions. With this degree, you can also clear the Certified Public Accountant (CPA) exam.
- Finance – Average starting salary: up to $50,535 – This is another field which involves the study of accounting. A degree in finance teaches you how to prepare and analyze financial statements. With finance major you can analyze markets and understand financial portfolios and investments. It can help you to start and keep a company afloat.The curriculum in this area includes macroeconomics, international banking, fixed income securities, investment management, and financial derivatives.
- Business – Average starting salary: up to $48,089 – This field enables you to develop a career in fields related to business. You would be studying different theories on how to build and operate a business and will also learn how to market various products. The curriculum includes developing skills in areas like accounting, communications, economics, finance, leadership, management, and marketing. You can develop careers in fields like marketing, sales, operations, or finance. Other employment options include human resources (HR) and public relations (PR).
The earning potential for people who graduate in 2011 has substantially increased; consequently fresh graduates can get employment in various areas and can develop a lucrative career of their choice.
