How a lot do faculty college students overestimate beginning wage?

To say there is a hole between expectation and actuality could be a little bit of an understatement.

Reply: Round $34,000

• Wage expectation: $101,500
• Wage actuality: $68,400

Questions:

1. Earlier than seeing these numbers, what did you count on the typical wage to be for faculty graduates? How does that expectation examine?=
2. Why do you suppose faculty college students’ expectations are so removed from their precise beginning salaries?
3. What are some penalties of getting wage expectations which might be greater than your actual wage?
4. What steps might you’re taking to get a extra correct estimate of your beginning wage?

Listed here are the ready-to-go slides for this Query of the Day that you need to use in your classroom.

Behind the numbers (CNBC):

“Rising faculty graduates have excessive expectations for his or her beginning salaries, however the actuality of the job market could fall in need of their hopes, in accordance with a brand new report from ZipRecruiter.

Members of the category of 2025 say they count on to earn a median $101,500 per yr for his or her first job, in accordance with the survey of over 3,000 latest and rising faculty grads between Feb. 28 and March 19.

That’s a lot greater than what the typical latest grad truly makes — $68,400 per yr — in accordance with survey knowledge.”

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For extra assets associated to profession planning, take a look at NGPF’s Profession unit.

About
the Writer

Kathryn Dawson

Kathryn (she/her) is worked up to affix the NGPF crew after 9 years of expertise in training as a mentor, tutor, and particular training instructor. She is a graduate of Cornell College with a level in coverage evaluation and administration and has a grasp’s diploma in training from Brooklyn Faculty. Kathryn is trying ahead to bringing her ardour for accessibility and academic justice into curriculum design at NGPF. Throughout her free time, Kathryn loves embarking on cooking initiatives, strolling round her Seattle neighborhood together with her canine, or lounging in a hammock with a e-book.

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