Although the overall outlook is positive, some industries are starting to cut back on new college graduate hires.
, "there's still a lot of opportunity out there," said Kevin Grubb, associate vice provost of professional development and executive director of the career center at Villanova University.
Many undergraduates are giving themselves a head start, he added. "Students have become more motivated and eager to be ready for their career search early on," Grubb said. "Usually over half have done an internship, which does help them in the labor market when they finish."their first job after college, compared with only 20% from the class of 2022 this time last year, according to a separate report by LaSalle Network.
Of course, opportunities and pay also vary by location. San Jose, California, has the highest rate of new grad hiring and the greatest potential to earn six figures, according to Gusto's report.But "when you adjust for cost of living, there may be more value in other cities such as Houston, Philadelphia, Austin, Atlanta and Dallas," said Luke Pardue, an economist at Gusto.
In fact, salaries in Houston stretched the furthest while New York was the least affordable city overall.
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