A new survey released by the National Association of Colleges and Employers says STEM majors — that’s science, technology, engineering and mathematics — earn the highest starting salaries when compared to their peers in the liberal arts and, increasingly, business majors.
Specifically, engineers saw a healthy year-over-year increase of 3.9 percent to their average starting salaries from 2011 to 2012. Aerospace engineering majors saw the largest increase — 8.3 percent for $64,000 per year. NACE surveyed salaries of 2012 college grads in more than 90 fields, using data from the Bureau of Labor Statistics, the Census Bureau and Job Search Intelligence, a compensation measurement company.
In a statement, Executive Director Marilyn Mackes said she’s not surprised that engineering majors dominated the list of the top earning college degrees, saying the market needs them most and has a comparatively harder time finding qualified applicants.