Quoting a post of mine from a few months ago. For context, I'm posting the results of the UAMS annual graduating class salary surgery. This was to demonstrate that even rural states are feeling the pinch of saturation. What sticks out to me is the steady and continued trend downward over the past decade.
Original post:
How did the graduating class from the respected state university fair in 2018?
55% offered a job.
24% believed the job market was good, down from 48% last year.
Average salary of 109k, which was a nearly 5% drop from the previous year.
Average student loan burden: 134k.
This is a seriously steep decline since my time there. We were always excited to see the salary survey because average pay always went up 5-10%. I think the year I graduated was the first time it declined, although it was only by a fraction of a percent and was played off as a statistical anomaly.
Update 2: Here is a nice trend from the past several years.
2015: 88% accepted a position, average salary $120,657, 68% felt opportunities were excellent or good.
2016: 89% accepted a position, average salary $119,168, 63% felt opportunities were excellent or good.
2017: 78% accepted a position, average salary $115,155, 48% felt opportunities were excellent or good.
2018: 55% accepted a position, average salary $109,620, 24% felt opportunities were excellent or good.
If this is how we are doing in a booming economy with rock-bottom unemployment, how will we handle the next recession?