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How much are college grads making?

post #1 of 94
Thread Starter 
A recent graduate and friend of mine who just started working in finance is making $42,500 a year and another friend is making $52,000, however he's in accounting. Is this an average salary for recent finance grads or is it low/high?

Anyone want to share what they did/made when they first started out in finance?
post #2 of 94
Most of my friends who got jobs in accounting/finance started at 35k-60k. So I would say those salaries are mid to high. But, it does depend on where you live most them got jobs in NYC or NJ.
post #3 of 94
I graduated college in May and found a job at a law firm in September making $32k with full benefits. Sure beats my previous 3 year minimum wage job.

(My degree is in Political Science, though)
post #4 of 94
Thread Starter 
I appreciate the replies. My first job was as a temp for six months at $19 hr.
post #5 of 94
more replies please.. dont know if I should get a bachelors or what
post #6 of 94
Quote:
Originally Posted by Stock King View Post
more replies please.. dont know if I should get a bachelors or what
Responses on a stock forum shouldn't matter. Just go get. You'll be glad you did later in life.
post #7 of 94
Quote:
Originally Posted by RebelT09 View Post
Responses on a stock forum shouldn't matter. Just go get. You'll be glad you did later in life.
I agree. If you think it could help you in the long term take initiative and get that degree
post #8 of 94
Bachelors degree. Make half of everyone in this thread so far.

Doesn't help that I didn't do something like accounting or engineering. And where I live is heavily call centers.
post #9 of 94
I would only go if it was free
post #10 of 94
Bachelors of Business Admin w/ Honours in Accounting & Finance here, starting my 4th and final year now... doing a 8-month co-op term right now and I already got offered a $50K job if I want it after I grad but I'm going to try to break in Investment Banking or Sales & Trading. Might go to law school too. But yeah, I got lucky since that's a $50K government job w/ all the benefits and pension so, if nothing else better turns up i'll probably take it!

Get a degree, trust me, it helps A LOT! I know where I am doing my co-op term right now, we don't even hire people without degrees anymore. Also, you'll make many connections with classmates, profs, alumni, business professionals etc. through university which could help you a tremendous amount.

When you apply to a job and the dude looking at your resume sees that you went to the same university as him he'll automatically become interested most of the time... so you may even get an advantage like that.
post #11 of 94
School sucks and it's a pain with all the studying and money you spend. But when you walk out and get a good job it makes you realize it's all worth while. Just graduated this spring and make all the hard work seem well worth.
post #12 of 94
Quote:
Originally Posted by PunPryde View Post
When you apply to a job and the dude looking at your resume sees that you went to the same university as him he'll automatically become interested most of the time... so you may even get an advantage like that.
I almost had this recently, would've been a great job. But as one of the nations largest health insurers, the managers liked to break company policy and make all the jobs secret postings. So the guy got promoted, and then the new director changed all the email lists and trained these two people in the job before they bothered to post, as the company rules state.
Actually I went to two colleges, and the one I transfer from is apparently the popular one, even though it's 9 states away. I always have to try to downplay my graduating from another university and talk about how great the first one is.

It's a good point you make. An expensive one though.
post #13 of 94
Im getting a degree is personal financial planning this spring and most the jobs ive been looking at are around 40-60k in the first year. Most of them are only commission based so it all depends on how much you can generate. It is a risky degree since you are not guaranteed income but I hope I can survive the first few years and then be pretty financially stable.
post #14 of 94
Quote:
Originally Posted by aznaro8 View Post
School sucks and it's a pain with all the studying and money you spend. But when you walk out and get a good job it makes you realize it's all worth while. Just graduated this spring and make all the hard work seem well worth.
Unfortunately I feel like I could have learned all the stuff I've learned in college on my own, in less than a quarter of the time. Thus making it feel like the effort (mimicking methodologies for solving seemingly almost relevant equations to completely trivial equations) seem like a mindless waste of time.
post #15 of 94
Quote:
Originally Posted by bazooka85 View Post
Unfortunately I feel like I could have learned all the stuff I've learned in college on my own, in less than a quarter of the time. Thus making it feel like the effort (mimicking methodologies for solving seemingly almost relevant equations to completely trivial equations) seem like a mindless waste of time.
I feel the same way. My course could have been finished in 2.5-3 years tops if we skipped out on the useless calculus and medicinal chemistry BS. When was the last time you went to your local pharmacy and asked the pharmacist to explain the medicinal chemistry of how your Advil will help relieve your headaches?? But it's done and now I got a good paying job so I supposed I shouldn't complain too much
post #16 of 94
Quote:
Originally Posted by aznaro8 View Post
I feel the same way. My course could have been finished in 2.5-3 years tops if we skipped out on the useless calculus and medicinal chemistry BS. When was the last time you went to your local pharmacy and asked the pharmacist to explain the medicinal chemistry of how your Advil will help relieve your headaches?? But it's done and now I got a good paying job so I supposed I shouldn't complain too much
I respectfully acknowledge that the university educational system is put in place in order to "weed out" the impatient people and the people that are unable to easily repeat what they are told.
post #17 of 94
Quote:
Originally Posted by bazooka85 View Post
I respectfully acknowledge that the university educational system is put in place in order to "weed out" the impatient people and the people that are unable to easily repeat what they are told.
Pretty much, it also does mature some people and allows them to gain general knowledge of the world around them.
post #18 of 94
Quote:
Originally Posted by Crazed98 View Post
Pretty much, it also does mature some people and allows them to gain general knowledge of the world around them.
Trading has taught me much more, because to the stress and depression I used to get. I've learned a lot about myself and have matured mainly through these means.
post #19 of 94
Quote:
Originally Posted by bazooka85 View Post
Trading has taught me much more, because to the stress and depression I used to get. I've learned a lot about myself and have matured mainly through these means.
Agree 100%. The things I've learned from trading has definitely changed me for the better.
post #20 of 94
Thread Starter 
I realized I hated school, for the most part, so I thought I should spend some free time learning about finance to be prepared for the financial uncertainty that faced someone who hates school... I ended up really liking finance. haha, funny.
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