Another year, another crop of young graduates eager to secure economic independence as quickly as possible. Though it varies depending on the occupation, by and large, it takes graduates about three to six months to land an entry-level job, assuming they’re prudent enough to start applying for positions around three months before graduation.
The thing is, as of 2019, 50% of recent graduates earn wages less than $42,000 a year, and 25% earn less than $32,000. Forty-percent of grads are underemployed, as per U.S. Census Bureau and U.S. Bureau of Labor Statistics, Current Population Survey.
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Show me the money
If you belong to the class of 2019 you might want to check out Glassdoor’s recent economic study of the most competitive internship pay and the types of entry-level jobs that command the highest salaries.
The report is an extensive analysis of salary reviews left in 2018 by American employees ages 25, and under. This year’s results showcase a clear winner; not only do “Data Scientists” start off with a median wage of $95,000 a year, the position has been voted “Best Job In America” four years in a row, with the highest reports of job satisfaction, and the most job openings of all the occupations reviewed.
It’s one of the few jobs that isn’t threatened by the progression of technology. The more technology advances, the greater the need for skilled professionals to collect and organize data. It stands to reason that the second and third highest paying entry level positions belong to similar fields. Software engineers secure a median starting wage of $90,000 a year, and Product Managers can expect to earn around $89,000 annually. Check out the full list below,
|Rank||Job Title||Median Base Salary|
|4||Investment Banking Analyst||$85,000|
|12||Front End Developer||$67,500|
Using data collected from salary reviews submitted by interns between March 1st, 2018, and February 28th, 2019, Glassdoor also determined which Internships offer the most competitive pay.
Tech industries dominated this list as well, accounting for 44% of the entire ranking. In an effort to ensure they have the very best of the best, to chose from, Facebook offers a median monthly pay of $8,000 to their interns, just ahead of Amazon’s $7,725. Many of the top contenders settle around $7,000 a month for their intern budget, which means new interns generally earn about $84,000 a year.
|Rank||Employer||Median Monthly Pay|
|10||Bank of America||$5,833|
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