Even in tough economic times, younger generations have often been accused of being unrealistic when it comes to their salary expectations upon leaving college. For many, this only leads to heartbreak as the job market simply cannot meet each candidates expectations. So what do today’s recent grads see as their potential salary?
Experience recently launched a survey in February 2011, and over 8,000 juniors and seniors in college responded. The results showed that they may be becoming more realistic when it comes to their annual salary expectations. Check out these results:
In the past year, recent graduates’ expectations have changed substantially. Last year in 2010, the majority of students reported that they expected to make between $50,000 and $74,999. This year, the majority heavily shifted, expecting to earn less; between $25,000 and $49,999. Following this trend, the percentage of students expecting to earn triple figures dropped across the board, and more students now expect to earn less than $25,000 a year.
What is clear is that this generation is becoming less and less optimistic about the potential job market. What is unclear is why this is happening. Many factors could be responsible for this shift; but the real question is, are these expectations realistic?