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Job market hot, but new grad salaries virtually flat: Korn Ferry

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The job market is hot, but salaries for new college grads are virtually flat this year, according to a survey by Korn Ferry (NYSE: KFY). Grads’ average salary rose 2.8% this year to $50,390, which is essentially flat when inflation is taken into account.

Los Angeles-based Korn Ferry researched 310,000 entry-level positions from 1,000 organizations across the US to determine the salary figure.

The survey also looked at average salaries for new grads by 10 major cities:

Atlanta, $49,584  Boston, $59,460  Chicago, $55,177  Dallas, $50,743  Denver, $53,010  Los Angeles, $56,386  Minneapolis, $53,766  New York, $60,972 Philadelphia, $54,169  San Francisco, $63,995 

“Of course,

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