Salary Data
Eller Graduate Salary Data
As students begin to narrow their career goals and interests, they need to determine the current job outlook facts. Understanding the needs and trends of the industry will help you determine what you are most qualified to do. The following steps will help you know what to expect in your personalized career search:
- Begin ensuring that you are aware of the current business news by reviewing the Wall Street Journal and other professional associations’ publications related to your field of interest
- Conduct company research on the mission, current status, and future direction of the organizations in the industry of your choice
- Evaluate job offers and salaries:
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Starting Salaries for Eller Undergraduates in Business Administration – All Majors:
$36,824 – average starting salary
$14,790 – minimum starting salary
$80,000 – maximum starting salary
Salary data for all UA Business Administration undergraduate degree recipients from July 2004 to June 2005, based on UA Career Services graduation survey
NACE Salary Data
Salary should not be the only factor you weigh when you are considering job offers, but it certainly is important. There are multiple factors that may affect your salary. The state of the overall economy, geographic location, and particular qualities and qualifications all play a role on your salary. According to the National Association of Colleges and Employers (NACE) Summer 2004 Salary Survey; business graduates are experiencing small increases in their overall starting salaries. The following data are staring salary offers reported to NACE by colleges and universities nationwide (yearly salary ranges in $).
| Accounting |
37,000 – 45,000 |
| Business Administration/Management |
32,000 – 45,000 |
| Economics and Finance (incl. Banking) |
35,000 – 47,000 |
| Hospitality Services Management |
28,080 – 34,000 |
| Human Resources |
30,000 – 45,000 |
| Logistics/Materials Management |
35,000 – 45,000 |
| Management Information Systems |
36,000 – 48,000 |
| Marketing/Marketing Management |
30,004 – 40,000 |
For more information on Job Outlook take a closer look at the NACE Salary Survey and Job Outlook reports available in the Undergraduate Professional Development Center (McClelland Hall 203)
Cost of Living Data and Calculators
US Census Bureau Statistical Abstract of the United States - The National Data Book contains a collection of statistics on social and economic conditions in the United States. Selected international data are also included.
Salary Wizard - salary negotiation necessity! - includes breakdown of salaries by specific position type and organization scope
Salary equivalency calculator in different areas based on cost of living index.
Transitions into the Work World - Advice from Entry Level Employees
Continue to be a Student
Throughout your career, you will have opportunities to learn new methods of performing your job. Do not become content with "just getting by". Always try to incorporate new developments into your work. Read professional journals and participate in professional associations and training programs.
- Periodically Review Your Own Progress
Take an active role in managing your own career development. You must evaluate your work and decide if you are professionally satisfied. Most recent graduates are ready to take on additional responsibilities within a couple of years. Continually review your career goals, making modifications as you progress.
- Practice Good Work Habits
As a student, you may have taken advantage of sleeping in on a rainy morning or skipping a class to enjoy a sunny day. Good work habits are just as important as the skills and abilities that you will bring to your job. If you would like to establish yourself as an employee with great promise for success, follow these suggestions:
- Arrive early to work every day.
- Observe the manner in which people communicate in the organization: email, phone calls, memos, meetings, or informal chats. These observations will help you understand the standards of acceptable behavior for your organization.
- Be courteous to everyone you meet; introduce yourself to others as appropriate.
- Always be prompt when working on deadlines.
- Always check your work to ensure that it is correct
- Never work on personal affairs during office hours
- Avoid office gossip
- Accept Responsibility
Whenever your current workload allows, seek and accept additional responsibilities. Make sure that you have performed all current responsibilities to the best of your abilities before inquiring about additional work. Your willingness to take on additional responsibilities will help you to build a reputation as a dedicated, hard-working employee.
- Establish Yourself as a Team Player
Organizations value cooperation in and among work groups. Demonstrate your willingness to do whatever is necessary to get the job done. Contribute your ideas and effort to group projects. Whenever possible, share the credit for success with your boss or other colleagues; this strategy will help you to develop good working relationships.
Adapted from Rollins College Career Services.
