According to a recent survey by Michigan State University, hiring for new college graduates with bachelor’s degrees will jump by 16 percent in 2015. The survey found explosive growth in the field of information services, which includes telecommunication companies, motion pictures, broadcasting, and publishing. According to Phil Gardner, director of Michigan State’s College Employment Research Institute (CERI), hiring in this field will jump by 51 percent.
The second fastest growing industry is Finance and Insurance, which will increase hiring by 31 percent. Professional, Business & Scientific Services, a broad area that includes management consulting, accounting, law, engineering services, and computer design, will also be looking to hire college graduates in the upcoming year
Sectors with Greatest Planned Increases in College Hiring
College graduates in 2015 with bachelor’s degrees in engineering disciplines command the highest starting salaries, with electrical engineering topping the list at $57,000. After engineering degrees, employers are paying the most for grads with degrees in software design and computer programming.
While these fields will result in strong starting salaries, the majority of employers plan to keep salaries at the same level as last year.
At the bottom of the list are degrees in advertising, social work, and psychology, which all pay below $37,000 annually.
Degrees and Expected Starting Salaries for the Class of 2015
Source: Michigan State University