1.4 million American college students will graduate over the next month or so, and those searching for jobs will find a hot market. A new salary report shows a Bachelor's degree will translate into higher salaries than last year.
The hottest market is for majors such as business and engineering. Some of those students can expect starting salaries about $50,000 dollars a year. College graduation is always an exciting time and anticipation of a fatter paycheck makes it that much better.
College senior Sonja Johnson has been spending more time than usual at ASU's computer labs -- clicking around the web, looking for a job.
"There are numerous companies going online, looking at different resumes, so you want to be able to create a resume that's going to grab the attention of those people trying to find people to fill those positions," said Johnson.
And according to employers, it's a good time for graduates like Johnson to be looking. Hiring rates of college graduates are 15% higher than they were last spring, leaving students confident they'll find work.
"Only about 10% of the people in the United States have professional degrees and by obtaining one I'll be more competitive compared to someone else," said ASU senior Derrick Lane.
Head of ASU's business school Dr. Abiodun Ojemakinde says a growing economy is increasing job outlook and salaries for students.
"With that increase in confidence in the economy, businesses are expanding their operations. And with increase in expanding operations, there is that need to hire more people," said ASU Business School Dean Dr. Abiodun Ojemakinde.
For Sonja Johnson, that means a good outlook on future work.
"I'm very optimistic about the opportunities I do have," said Johnson.
Upcoming graduates are fired up to find work this spring, while the job market's hot. Some analysts say this may be the best job market in at least five years. Average starting salaries for engineering, business, and economics majors are up four percent.
One not-so-hot field to go into for the money, journalism and mass communications. There are a lot of health care jobs available. Salaries for fields such as marketing and computer science have dropped slightly.