NACE released a Job Outlook 2013 report in November of last year that surveyed employer members. The report forecasted robust 2013 hiring plans.
Here are the highlights on hiring methods, hiring projections, and salary data of US employers who were included in the NACE 2013 surveys:
Hiring expectations by region of US:
54.5% of employers in the West plan to increase hiring
47.5% of employers in the Midwest plan to increase hiring
41.4% of employers in the Southeast plan to increase hiring
50.9% of employers in the Northeast plan to increase hiring
Hiring Methods:
60% plan to use social networks as a college-recruiting tool
40% plan to attend more career fairs
Total change in hiring plans by industry (2013 over 2012):
Oil & Gas Extraction +6.3%
Utilities +14.7
Construction +21.6%
Food & Beverage Mfg +2.2%
Chemical (Pharmaceutical) Mfg +11%
Computer & Electronics Mfg +14.6%
Misc. Mfg -1.5%
Retail Trade +47%
Information +62.4%
Finance, Ins. & Real Estate +12.6%
Engineering Services +4.2%
Management Consulting +16.5%
Misc. Professional Services +13.3%
Government +12.6%
Top Hiring Industries:
Educational Services
Professional Scientific & Professional Services
Healthcare & Social Assistance
Federal, State & Local Government
Finance & Insurance
Top Paying Industries for new graduates:
Mining, Quarying, and Oil & Gas Extraction
Management of Companies & Enterprises
Construction
Manufacturing
Finance & Insurance
Although engineers find employment in all of these industries, they are primarily employed in Professional, Scientific, & Technical Services.
Engineers were the highest paid of all majors in the Spring 2013 report. Engineering salaries overall rose 4% to $62,535, with petroleum engineers being paid the highest average salary - an astounding $93,500.
The starting salaries for engineering and computer science majors are at the top of the pay scale. The numbers are up significantly for all engineering and computer science graduates except construction management.
Nationwide the 2013 over 2012 average salary results for relevant technical BS degrees found at CSUS:
Average Salaries (Majors found at CSUS- ECS):
Average salaries for CS new grads: +5.2% to $64,800
Average salaries for CE new grads: -0.7% to $57,300
Average salaries for EEE new grads: +6.2% to $63,400
Average salaries for CpE new grads: +1.1% to $71,700
Average salaries for CM new grads: -2.1% to $56,400
Average salaries for ME new grads: +5.6% to $64,000
Salaries for CSUS graduates tend to run closer to the top of the chart below (and higher) due to the fact that Sacramento is in the high cost of living area of Northern California and students frequently graduate with major project and work experience.
Other excellent sources for salary information include http://www.glassdoor.com and http://www.salary.com.
Spring 2013 Salary Range Data:
Bachelors Degrees | |||
|---|---|---|---|
| | 75th Percentile | Average | 25th Percentile |
| CE | $67,800 | $57,300 | $46,500 |
| CM | $66,200 | $56,400 | $44,900 |
| CpE | $82,100 | $71,700 | $55,600 |
| CS | $75,600 | $64,800 | $50,800 |
| EEE | $75,400 | $63,400 | $51,400 |
| ME | $75,600 | $64,000 | $51,100 |
Bachelors Degrees | |||
| | 75th Percentile | Average | 25th Percentile |
| CE | * | * | * |
| CpE | * | * | * |
| CS | $84,400 | $74,200 | $58,500 |
| EEE | $78,800 | $67,200 | $53,000 |
| ME | $78,300 | $67,900 | $53,900 |
| Apr 2013 * No offers were reported for statistical analysis | |||