College students and recent grads have a general understanding that having a degree means a better shot at high paying entry level jobs. The job market might have periods of slim pickings but there are plenty of jobs for new grads with a great entry level wage.
On average, workers with a college education earn nearly twice those who only have a high school diploma. Yet still salaries for college grads can vary widely. A major factor is the industry that is selected, but you can also have some control over your salary when you negotiate the hiring process for a high paying entry level job.
Top Paying Jobs Straight Out of College:
Nurse: What you can expect to make: $47,000
Web Designer: What you can expect to make: $58,000
Financial Analyst: What you can expect to make: $66,000
Marketing Specialist: What you can expect to make: $67,000
Engineer: What you can expect to make: $72,000
Actuary: What you can expect to make: $79,000
Tips to Get More Pay Out of Entry Level Jobs
Most hiring managers have a budget or at least a good idea on the salary they're willing to pay for an entry level position. Despite that, there is often room for negotiation - especially if you demonstrate your qualifications, skill and the value you bring. Here are some tips to help you negotiate your salary.
"The first person to bring up money loses". It's an old saying that rings true. Take the time to discuss the job, demonstrate your qualifications and work toward salary discussions at the end. Try not to be the one who brings it up. This way you're not putting out the first number and you have more room to negotiate.
Negotiate performance pay or performance based bonuses. If a company lowballs you and is sticking to their guns, then move toward discussing measurable results and how achieving goals and reaching milestones equates to an increase in pay.
Salary is about more than cash. Your focus should be on total compensation. If the company is stuck on a salary figure then start talking about additional benefits. Non-cash perks can bridge the gap between your asking price and employer offer.
Learn more FirstJob matches recent graduates with high paying entry-level jobs and internship opportunities. Discover how to take your career to the next level by reading more tips for success at the FirstJob blog.