2016 Graduate Job Outlook
Congratulations, you are preparing to graduate this summer! Next comes the inevitable question of what will you do next? Some will go on to graduate degrees, others will jump into entrepreneurship, but the vast majority will be looking for their first real job. So how hard is it going to be to find a decent paying job in your field? Well, that depends on your field.
Science, Technology, Engineering, & Math (STEM)
As you probably could have guessed, jobs in the STEM arena are still very much in demand and are looking for new grads like yourself. Jobs in this focus area are forecast to grow in availability and salary in 2016. In fact, if you are working in this area, it is expected that you will be earning the highest salary of your graduating class, with an average of over $50k. (GoodCall)
Business & Finance
Big banking has seen lots of time in the spotlight and not in a good way. Luckily jobs in business and finance are still showing a positive outlook. Things are looking even better if you have an MBA, with this degree showing very favorably for almost any employer.
Though there is less hype about this area, you can still land a cool job and start a fantastic career. Be prepared to take in a lot more than your counterparts in other majors, Liberal Arts majors average a little over $30K. (CNN Money)
Unfortunately the news isn't as rosy for legal majors. It looks like the job growth is declining in the Legal field, while dealing with some overpopulation in the graduate market. While there is some news of lower enrollment in Law Schools, it still exceeds the current demand.(AmericanLawyer)
The overall good news for new college graduates is that the unemployment rate for graduates is the lowest it has been since 2009. The epidemic of underemployment is decreasing and wages are rising as well. (MarketWatch) In addition, even with the challenges facing new graduates in the job market, you are surpassing those without college degrees, the median at over $40k versus less educated peers with a median of just under $30k. (CBS News) That is great news, so get out there and start your career!