College Grads , Overestimate Starting Salaries by $50K, , Study Finds .
The report was compiled by the National Association of Colleges and Employers.
It found that while job prospects and starting salaries for the class of 2022 have increased from 2021.
Recent data reveals that the average starting salary is expected to be over $50,000.
The amount is significantly less than college graduate expectations of over $100,000.
This means that undergraduates are overestimating their just-out-of-college earning potential by 88 percent.
Undergraduate expectations are based upon a survey conducted by Real Estate Witch.
Students also overestimate their mid-career earning potential and seem to display a misunderstanding of how specific degrees equate to hiring demand.
Students really want to understand the hiring demand and starting salaries within their major because they differ, Mary Gatta, NACE, via CNBC.
It’s also an equity issue, Mary Gatta, NACE, via CNBC.
Informing students and workers can make a difference when we think about salary negotiations — it’s one way to break down systemic barriers, Mary Gatta, NACE, via CNBC.
According to CNBC, about 70 percent of seniors graduate with debt.
The average amount of this debt equates to close to $30,000.
However, most people with debt who completed their education agree their degree equates to a higher salary.
Studies conducted to assess the value of a college degree estimate that graduates make close to $1 million more across their lives than those without a college degree.
