Are you worried about not finding a 100K+ job after graduation?

Student Lounge College Life
1

<p>I just realized today after looking at some statistics that my business faculty's graduates' average salary is only $44,000. Investment banking graduates are only $67,000. </p>

<p>I know it's unrealistic to think about a $100,000 salary after graduation but why would I spend four years in university just so that I can get a $44,000 job? A manager at McDonalds is probably around the same and you can get that with a mere two years there. </p>

<p>Plus houses cost at least $750,000 at my city so I don't know how I can afford one with a $44,000 salary.</p>

2

<p>Ummm your expectation are slightly unrealistic…</p>

<p>If I got a $40,000 job I’d be ecstatic. </p>

<p>People on this site seem to think they’ll get 6 figure $$ jobs out of college and will live in Manhattan. Yeah, no…</p>

3

<p>Well, I already live in Manhattan, so one goal down.</p>

<p>From what I’ve seen, the average salary for new graduates in my major in Manhattan ranges from $55k to $65k. Which, from what I’ve experienced, isn’t actually enough to live here. But I can’t say that I’m worried about my salary. I’m more focused on securing a job in my field. I have several friends who have already graduated and are working as sales clerks or NYC tour guides.</p>

<p>I have to say, expecting a $100k job directly after graduation is fairly unrealistic unless you score huge. </p>

<p>Do you have an internship or any experience now? That’s something you should work on while in school so that by the time you graduate you could have 4 years of experience and better your chances at obtaining a suitable salary.</p>

4

<p>Your stuff on McDonalds is right. You can get into six figures as a regional manager.</p>

<p>A new hire at $100,000 should be a superstar. It does happen. I recall a guy that I interviewed from MIT who was getting his Phd. He had already started a hardware company and sold it. $100,000 salaries (or close to it) were possible in the dot.com era for CS grads.</p>

5

<p>You could always move to Iowa. Hate to disappoint you now, but you’re going to need to learn to make sacrifices at some point in your life.</p>

6

<p>The purchasing power of your salary outweighs its nominal value. I would take 60K in Iowa (for example, RacinReaver) than 80K in Manhattan any day.</p>

7

<p>Nope, I’m not worried at all. I know I probably won’t be making much money. But I’ll be doing something I enjoy. I’m going to try to live some where with a low cost of living. I also don’t have a problem living with my parents (I think they’d like that) to save even more money.</p>

<p>I personally don’t need much money to live. And because I want to open a business one day, I’ll need to be frugal to save money for it, and don’t have a problem with that.</p>

8

<p>Do strippers make 6 figures if they’re hot?
I mean the girl that owned Eliot Spitzer probably has a book deal or maybe even a Playboy contract by now.
Some people just get really lucky. lulz.</p>

9

<p>Um, I was never expecting to…</p>

10

<p>See, this is that disconnect with reality I keep talking about.</p>

11

<p>No, I’m not worried, because that amount is not only unfeasible right off the bat (for me, in this society and at this time) but also unnecessary. I’m fine with low/average living standards; not everyone needs a 7-story house with 5 swimming pools in the backyard and a theme park. I would rather have a job I like (with a sufficient salary) than a job that pays me well (much more than sufficient salary) but that I don’t like. I don’t understand people in the latter category.</p>

12

<p>You’re going to have a huge surprise in store for you when you graduate. Huge. It’s called reality. And for some, it can hurt.</p>

13

<p>I don’t know, I’d like to buy a gilded elephant that speaks Portuguese.</p>

14

<p>To the OP, you’re not going to make 6 figures out of college. I don’t know why you would have thought that. Over time you may get there depending on your field and position in your company. The reason you go to school is because the degree gives you job growth potential which usually leads to growth in salary. Of course there are people who have been successful without a college degree, but they are far and few in between. Also, when you buy a house usually there’s a significant other so it’s not only your income that counts.</p>

15

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So don’t buy a house right out of college! Rent!</p>

16

<p>i’m worried about finding A JOB. 100k puhleasee</p>

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<p>haha what kind of idiot expects 100k+ as a recent graduate.</p>

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<p>You need to look up STARTING SALARIES. Seriously. Starting salaries are usually from $25,000 (no, I’m not joking) to $40,000. It is unlikely - even for engineers and other big-name majors - that you will make more than $45,000 starting out. I’ll be happy with $30,000. To echo other posters, some CC posters are completely disconnected with reality. You realize that $66,000 per year is middle class? With a spouse, that would be $132,000 per year. That’s no drop in the bucket.</p>

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<p>I suggest you look at actual graduating engineer salaries from decent schools. :)</p>

20

<p>i assume by reasoning that the OP is a business/finance major because of his slight mention of an investment bank…If you have a couple or more internships at superstar banks and impressed than maybe you can land a 65K or 70k job(most likely NOT though)…but as many of you mentioned this most always the case…as for 100k you can forget about it because theres no way a bank is going to pay 100k to someone that has not much to offer as of yet.</p>

<p>and for the people who mention graduate engineers, yes those engineering students with plenty internships and high gpas can be confident that they will find a 70K to sometimes 85K job upon graduation.</p>