According to this article, college students overestimate their starting salary by about $10,000, estimaing about $58,000 versus the median salary of $47,000 for bachelor degree graduates with 0-5 years experience.
However, there is some good news. Median salaries for computer science major early in their career was at $68,000 versus their average expectation of $59,300. So these majors received a pleasant surprise when they started work.
For more on The Practice of Personal Finance, check back Wednesdays for a new segment.
This is not financial or education advice. Please consult a professional advisor.
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