Friday, December 27, 2019

The exact salary Gen Z expects to make right out of college will shock you

The exact salary Gen Z expects to make right out of college will shock youThe exact salary Gen Z expects to make right out of college will shock youYoure not going to be making that much. And no, youre not going to be making that much, either. The current crop of college grads Generation Z class wildly overestimates the salary theyll be making in their first entry-level jobs, according to a survey from real estate data company Clever.While the average Gen Z undergrad expects to make $57,964 one year out of college, the national zentralwert salary for recent grads with bachelors degrees who have between zero to five years of work experience is actually $47,000. Reality bitesFollow Ladders on FlipboardFollow Ladders magazines on Flipboard covering Happiness, Productivity, Job Satisfaction, Neuroscience, and moreHeres a partial look at expectations vs. reality across majors.The average undergraduate is also unrealistic about the salary theyll be making mid-career (about ten years in), overestimating by about $15,000.Women expect lessWomen generally expect lower salaries than men, even when they hold the same major. On average, women with a bachelors or graduate degree estimate $4,338 less than men with similar degrees early in their career, and $10,836 less than their male counterparts by mid-career.You can see the discrepancy below.But what about bennies?Generation Z, who said that the number one reason theyre going to college is to make more money in my future, is all about the cold, hard cash. They ranked employee benefits differently than Millennials, going for money-based incentives first things like competitive salaries and good insurance plans. They arent as lured by soft benefits like flex time, fun work environments, and unlimited paid time off.But is college worth it?According to a 2015 Gallup poll, only 37% of undergrads believe that college is worth the cost, compared to 50% of college graduates.Perhaps because 81% of respondents with student debt s uggested theyd have to put off major life decisions because of it, such as buying a house or having kids.Cheer up about that $47k salary, Gen Z. Its a lot more than ur starting salary for our first job, which we had to travel to uphill, both ways, in the snow.

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