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What’s The Average Monthly Salary For Recent Grads?

What's The Average Monthly Salary For Recent Grads?

The job market for recent college graduates is improving, but the average monthly salary is still lower than it was pre-recession. In fact, according to the National Association of Colleges and Employers (NACE), the average monthly salary for Class of 2015 graduates is just $16,442.

That’s a far cry from the $21,619 average monthly salary earned by Class of 2007 graduates (in 2015 dollars). But it’s an improvement over the $15,564 average monthly salary earned by the Class of 2014.

The good news is that the job market is improving for recent grads. The NACE Job Outlook survey found that employers plan to hire 5.2% more new college graduates from the Class of 2016 than they did from the Class of 2015. And starting salaries are expected to increase 3.4% over last year.

But even with those improvements, the average monthly salary for recent grads is still below pre-recession levels. So, if you’re a recent grad, don’t expect to start out making as much as your older counterparts. But do expect to have better job prospects than recent grads have had in the past few years.

If you’re a recent grad, you’re probably wondering what your peers are earning. Here’s a breakdown of the average monthly salary for recent grads, by degree.

Average monthly salary for recent grads:

Bachelor’s degree: $3,327

Master’s degree: $3,746

Doctoral degree: $4,664

The average monthly salary for recent grads with a bachelor’s degree is $3,327. The average monthly salary for recent grads with a master’s degree is $3,746. The average monthly salary for recent grads with a doctoral degree is $4,664.

As you can see, there is a significant difference in the average monthly salaries of recent grads with different degrees. If you’re a recent grad with a bachelor’s degree, you can expect to earn about $3,327 per month. If you have a master’s degree, you can expect to earn about $3,746 per month. And if you have a doctoral degree, you can expect to earn about $4,664 per month.

Of course, these are just averages, and your actual salary will depend on a number of factors, including your field of study, your geographic location, and your experience level.

So, if you’re a recent grad, what can you expect to earn? The answer, of course, is that it depends. But if you want to get an idea of the average monthly salary for recent grads, by degree, this breakdown should give you a good starting point.

About the Author: Linda Clevenger

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