College Grads , Overestimate Starting <br />Salaries by $50K, , Study Finds .<br />The report was compiled by the National Association of Colleges and Employers.<br />It found that while job prospects and starting salaries for the class of 2022 have increased from 2021.<br />recent data reveals that the average starting salary is expected to be over $50,000.<br />The amount is significantly less than college graduate expectations of over $100,000.<br />This means that undergraduates are overestimating their just-out-of-college earning potential by 88 percent.<br />Undergraduate expectations are based upon a survey conducted by Real Estate Witch.<br />Students also overestimate their mid-career earning potential and seem to display a misunderstanding of how specific degrees equate to hiring demand.<br />Students really want to understand the hiring demand and starting salaries within their major because they differ, Mary Gatta, NACE, via CNBC.<br />It’s also an equity issue, Mary Gatta, NACE, via CNBC.<br />Informing students and workers can make a difference when we think about salary negotiations — it’s one way to break down systemic barriers, Mary Gatta, NACE, via CNBC.<br />According to CNBC, about 70 percent <br />of seniors graduate with debt.<br />The average amount of this debt <br />equates to close to $30,000.<br />However, most people with debt who completed their education agree their degree equates to a higher salary.<br />Studies conducted to assess the value of a college degree estimate that graduates make close to $1 million more across their lives than those without a college degree.
