Salaries for beginners have sky-rocketed in the past few years and new graduates can take their pick of the choicest firms and services.

Beginners no longer have to jockey for the first offer which they get and they can bide their time. Corporations are in big time competition to recruit the brightest brains and in this regard have been offering progressively bigger salaries. 

The package comes with better benefits and overall improvements in promotion prospects with the corresponding rise in salaries. Pay offers have increased by another two and a half percent to five percent for seniors in non-technical as well as technical fields. This gives a fair idea of what a beginner may expect to earn five years down the line.

Starting salaries for beginners is supposed to be the most lucrative in the fields of engineering and computers. One can expect to earn something in the vicinity of $50,000 in these fields. But, liberal arts and biology will get you less than $30,000 in the beginning. Astonishingly, even business administration and marketing along with English averages below $40,000 as far as salaries are concerned in the beginning. In the sphere of nursing also, the average salary for a beginner will be less than $40,000.

One oft over-looked fact is that along with the degree and skill which a candidate must possess, the location where he/she is applying also matters a lot where salaries are concerned. Bigger places will offer higher salaries.

Beginners will probably have to start on the lower spectrum of the salary ladder and then work their way up. Five, ten years down the line, they will be able to command higher wages. For example, insurance is a much sought-after field and the larger the company, the higher the salary will be. But, insurance and consulting firms offer salary increases only after sufficient experience which may be gained after five years or so in the business. Generally speaking, the insurance industry is a fairly stable one and beginners can hope to achieve their financial goals realistically after a reasonable amount of experience.

In the real estate field, brokers pay new salespeople a percentage of the selling price and keep the percentage. A salesperson may earn six to ten percent of the selling price of an estate. Beginners’ earnings are irregular for a few weeks or months and income usually increases with experience of at least five years. A new graduate may want to ‘become a financial planner’ and this also pays well though experience is the key word. In such a field, the clientele base has to be built up and income increases proportionately to the number of clients you have. The same goes for lawyers who are billed according to the hour.  

In conclusion, salaries for beginners have definitely improved from what they were in the past and new graduates can do well in their respective fields if they have the necessary skills and the acumen to go far. Like in everything else, experience does count and a realistically achievable financial goal will be reached only five or sometimes ten years down the line.