• About
  • Contact
  • Editorial
  • Policies
  • Archives
Angry Bear
Relevant and even prescient commentary on news, politics and the economy.
  • US/Global Economics
  • Taxes/regulation
  • Healthcare
  • Law
  • Politics
  • Climate Change
  • Social Security
  • Hot Topics
« Back

Link to: Who Hired 2016 Grads and What they Got Paid

Mike Kimel | December 2, 2016 6:41 am

Here’s an analysis of LinkedIn user data by the company’s Education & Millennials Editor. The analysis is entitled Here’s where 2016 grads went to work — and how much they got paid. The study is based on the company’s internal data so it skews heavily white collar. I found the first two tables to be pretty eye opening. Your thoughts?

Comments (1) | Digg Facebook Twitter |
1 Comment
  • J.Goodwin says:
    December 2, 2016 at 7:29 am

    Not at all surprised by the first table. Financial services and audit/consulting are grindhouses for business grads.

    A huge percentage of grads in accounting end up going through one of the big audit/consulting firms when they get out of college, and then the vast majority of those will move on to something else once they get some big firm experience under their belt, unless they’re laid off first (these firms are serial offenders on keeping people for 9 months and then letting them go, the big audit firms have in a lot of cases started acting like seasonal employers for lower end accounting personnel).

    Banks like State Street also grind through graduates, pools of people with no experience sitting around in a large office answering phones from investment customers.

    What surprises me is the entry level for consultants, I’ve never seen that kind of money in Boston. The accountant number there looks more representative of what business grads can reasonably expect (50 to 60k, at best, maybe they’re rolling some other sort of benefits in there, or signing bonuses, or the annuals that are either prorated or you’ll never get because you’re cut loose before they’re paid).

    At these types of companies, you’re either moving up or you’re going out the door to make room for the next generation of cheap grads.

Featured Stories

Macron Bypasses Parliament With ‘Nuclear Option’ on Retirement Age Hike

Angry Bear

All Electric comes to Heavy Equipment

Daniel Becker

Medicare Plan Commissions May Steer Beneficiaries to Wrong Coverage

run75441

Thoughts on Silicon Valley Bank: Why the FDIC plan isn’t (but also is) a Bailout

NewDealdemocrat

Contributors

Dan Crawford
Robert Waldmann
Barkley Rosser
Eric Kramer
ProGrowth Liberal
Daniel Becker
Ken Houghton
Linda Beale
Mike Kimel
Steve Roth
Michael Smith
Bill Haskell
NewDealdemocrat
Ken Melvin
Sandwichman
Peter Dorman
Kenneth Thomas
Bruce Webb
Rebecca Wilder
Spencer England
Beverly Mann
Joel Eissenberg

Subscribe

Blogs of note

    • Naked Capitalism
    • Atrios (Eschaton)
    • Crooks and Liars
    • Wash. Monthly
    • CEPR
    • Econospeak
    • EPI
    • Hullabaloo
    • Talking Points
    • Calculated Risk
    • Infidel753
    • ACA Signups
    • The one-handed economist
Angry Bear
Copyright © 2023 Angry Bear Blog

Topics

  • US/Global Economics
  • Taxes/regulation
  • Healthcare
  • Law
  • Politics
  • Climate Change
  • Social Security
  • Hot Topics
  • US/Global Economics
  • Taxes/regulation
  • Healthcare
  • Law
  • Politics
  • Climate Change
  • Social Security
  • Hot Topics

Pages

  • About
  • Contact
  • Editorial
  • Policies
  • Archives