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College students expect to make $103,880 after graduation – almost twice the reality

May 13, 2022

Today's college students expect to make about $103,880 in their first post-graduation job, a survey suggests. But the reality is much lower – as the average starting salary is actually about half that at $55,260, statistics show.

The survey, conducted by Real Estate Witch, found that, across all majors and institutions, undergraduate students overestimate their starting salaries by 88%. And 1 in 3 worry that they won't make enough money to live comfortably after graduation.

Job prospects for the class of 2022 are higher than in recent years. A report by the National Association of Colleges and Employers found that employers plan to hire 31.6% more new graduates from the class of 2022 than they hired from the class of 2021.

So far, however, Real Estate Witch's survey, conducted online with 1,000 students March 23-26, found that only 15% of students graduating in 2022 have accepted a job offer.