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College students overestimate starting salaries by $24K: Survey
The survey found students also overestimated mid-career pay by nearly $50,000, with bigger gaps among education and nursing majors.
- Clever Real Estate surveyed 769 undergraduates and found they expect to earn roughly $80,000 one year after graduation, about $24,000 more than the average starting salary of $56,153.
- The perceived value of a college degree faces mounting pressure as students weigh college decisions amid climbing student loan debt in recent years.
- Disparities vary by field; Nursing students anticipate $83,219, or 32% more than the $63,000 'realistic salary' for those with one year of experience, according to Clever.
- Mid-Career salary misjudgments persist beyond starting pay; students expect around $145,000 ten years after graduation, significantly exceeding the $95,521 average reported by Clever.
- According to an analysis by the Federal Reserve Bank of New York, computer engineering graduates earn about $90,000, while other Engineers make roughly $75,000, with earnings varying by location.
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According to a recent survey report released by the U.S. real estate brokerage firm Clever Real Estate (Clever for short), undergraduate students in the United States are expected to earn a starting salary of about $80,000 in their first year after graduation, which is about $24,000 higher than the actual average starting salary of $56,153.
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Leaning Left0Leaning Right0Center10Last UpdatedBias Distribution100% Center
Bias Distribution
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