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