New College Grads Could Be Looking at the Highest Starting Salaries Ever

May 14, 2017, 11:43 AM

Congratulations class of 2017! You just might have a prayer of paying off your student loans!

A study released this week by the Hay Group division of the executive search firm Korn Ferry reports that average starting pay for new college grads has never been higher than it is right now.

The average starting salary for a 2017 college grad is just a smidge under $50,000 ($49,785, to be exact), the study indicates. That's up 3% from last year.