Salary
Expectations
With a job market on the rebound salary expectation is once again a hot topic of discussion. The Universum survey reports that more than 50
percent of minority students primarily select companies that over high starting salaries. When narrowing in on the expectations, ethnic group diferences are, as seen in graph below, striking. Salary expectations of students representing the Latino and Native American community fall in the lower end of the spectrum while descendants from India expect to earn more than $50,000 in starting salary after graduation.
| SALARY
EXPECTATIONS AMONG UNDERGRADUATE STUDENTS |
| UNDERGRADUATE |
African
American |
Asian
American |
Hispanic
American |
Native
American |
Asian
Indian |
| Expected
salary at first job after graduation |
46,360 |
45,752 |
43,763 |
43,551 |
50,350 |
| Expected salary
five years after graduation |
72,098 |
72,864 |
68,046 |
67,380 |
80,916 |
| |
|
SALARY
EXPECTATIONS AMONG MBAs |
| MBA |
African
American |
Asian
American |
Hispanic
American |
Native
American |
Asian
Indian |
| Expected
salary at first job after graduation |
81,239 |
87,232 |
81,593 |
85,000 |
85,977 |
| Expected salary
five years after graduation |
150,150 |
174,322 |
158,245 |
181,250 |
181,416 |
| |
Additionally, Hispanic Americans undergraduates are more likely to ask for dependant health
insurance in their compensation package while greater percentages of Asian Indians and Asian Americans ask for stock options and signing bonuses compared to the overall student population. African American students favor tuition reimbursement.
|
COMPENSATION |
|
Black/African American |
American Indian/Alaska
Native |
Latino/
Hispanic-American |
Asian-American/
Pacific Islander |
Asian-India |
| Dependent
health insurance |
65% |
67% |
60% |
52% |
75% |
| 401K/403B Plan |
58% |
45% |
45% |
48% |
34% |
| Extra
vacation/personal days |
36% |
36% |
35% |
25% |
38% |
| Stock Options |
20% |
32% |
38% |
27% |
25% |
| Tuition
reimbursement |
25% |
29% |
32% |
34% |
22% |
| Guaranteed annual
bonus |
16% |
25% |
20% |
18% |
31% |
| Performance-related
bonus |
20% |
21% |
28% |
18% |
21% |
| Signing bonus |
13% |
17% |
21% |
16% |
10% |
| Paid
relocation |
14% |
13% |
16% |
16% |
17% |
| Paid parental leave |
16% |
12% |
11% |
16% |
11% |
| Profit
sharing |
12% |
10% |
14% |
8% |
10% |
| Housing allowance |
7% |
8% |
12% |
9% |
9% |
| Company
car |
7% |
6% |
11% |
8% |
9% |
| On-site child care |
7% |
5% |
6% |
6% |
10% |
| Other |
3% |
0% |
1% |
1% |
1% |
| |
|