CSUS, College of Engineering and Computer Science, Career Updates, Oct 16, 2008
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The economy is tanking and there is reason to worry. News on demand for engineering and computer science graduates is that it is holding steady nationwide for the time being. That is based on data collected over the past 6 months. Things are changing so rapidly that it is naive to assume that engineers and computer professionals will not be hit. The barometers by which I measure demand include the number of phone calls I receive from employers that are hiring and the number of jobs pumping through our JETX system; the number of companies interviewing in RVR; and the number of companies signing up to attend our annual Career Day event. I also pay attention to the numbers of individuals calling to say that they have been laid off from their jobs. Economists like to say that you do not know what is happening until several months later when you have all of the data. There is a definite cooling, but not a halt to hiring. Jobs continue to be posted, but at about half the pace of spring 2008. In fall of 2007 we had 19 companies holding interviews in RVR for our majors. For fall 2008 we have 13 signed up to date. I will not have final numbers until the semester is over. It is very encouraging that, after opening sign up for Career Day 2009 two days ago, 26 companies have registered to attend. The Fall 2008 Salary Survey from the National Association of Colleges and Employers, just received, reports 94% percent of all college majors showed increases to average starting salaries. NACE further reports that "one force driving the overall increase in the average salary offers to all college graduates is the strong demand for and low supply of technical graduates." Over the period October 2007 to October 2008, nationwide the results for technical majors are: Average salary for computer science (CS) new grads is up 15.2% to $61,110. Average salary offers to civil engineering (CE) new grads increased by 5.7% to $51,780. Average salary offers to electrical engineering (EEE) new grads increased by 4.1% to $57,603. Computer engineering (CpE) graduate average starting salaries are up 7.8% to $60,280. Mechanical engineering graduates (ME/MET) saw a 5.5% increase with average starting offers of $57,024. Construction management (CM) average new grad starting salaries are up 9.5% to $51,942. Salaries for CSUS graduates tend to run closer to the 90% as shown on the chart below due to the fact that Sacramento is in the high cost of living area of Northern California and students frequently graduate with major project experience and work experience.
Fall 2008 Salary Data
Source: National Association of College and Employers Salary
Bachelors Degrees
Masters Degrees