Each year, enthusiastic university commencement speakers tell students that the hard work they did in college will pay off if they simply continue to persevere.
But a recent survey from LendEdu highlights how some of graduates’ expectations are not being met.
LendEdu analyzed a College Pulse survey of 7,000 college students from nearly 1,000 colleges and universities and found that students, on average, expect to earn $60,000 in their first job out of college.
Most will earn closer to $50,000.
PayScale estimates the typical graduate with zero to five years experience makes $48,400. The National Association of Colleges and Employers (NACE) calculates that the preliminary average starting salary for graduates from the class of 2018 is about $50,004.
NACE data also indicates that college graduate starting salaries have recently seen a subtle dip. The organization estimates that the starting salaries of the class of 2018 were actually