Millennials are in for a rude awakening
The current crop of young people–sometimes referred to as Millennials by experts–are in for a rude awakening when they graduate from college, a new study finds. A survey by Clever Real Estate found that college students expect to earn salaries after graduation that are unrealistic in light of current market trends.
“Students tend to overestimate how much they’ll make right out of college. The average undergraduate expects to make $57,964 one year into their career, while the national median salary is $47,000 for bachelor degree holders with zero to five years of experience,” the authors of the survey reported, according to Fox Business.
It turns out Generation Z, or young people born after 1995, care less about quality-of-life issues in the workplace, like a fun work environment and vacation time. Their top concerns are high salaries and good benefits, and they’re overestimating what they’re likely to get.
Millennials also overestimate how much money they’ll make ten years into their careers by $15,000, the survey found.
“Students expect college to be a career game-changer from the get-go, but the truth is that building a career takes time, hard work, and practical experience. Meanwhile, the margins on getting a college degree are slimmer than ever,” the survey’s authors wrote.
The only exception to the rule was computer science majors, who actually underestimated their projected salaries after a year in the workforce.
Paris Hilton Praises Celebrity “Aunt” Kris Jenner
-
The process is underway to wipe over a million in loans. This week, the United States Department of Education...
-
After an upcoming closure, there will only be three Kmarts left in the continental US. At its peak, retail...
-
A grassroots campaign has led to the company’s first labor union. For the first time in Amazon’s history of...
-
Uber will list taxis on its app. Since its founding in 2009, Uber has had a rocky relationship with...
-
Netflix is testing an initiative to make users pay for sharing their accounts with friends. A major point that...
-
Multiple major chains are pulling out of Russia. As Russia continues to pursue its invasion of Ukraine, their global...
-
Domino’s just barely missed Q4 analyst expectations. Today, Domino’s Pizza released their total earnings for the fourth quarter of...
-
High-end liquor boosted sales by 11%. Beam Suntory, one of the largest producers of distilled beverages in the entire...
-
The CEO apologized to company shareholders. After a recent earnings guidance report, European food delivery company Delivery Hero suffered...
-
Reports of stalled growth have sent Meta reeling. For the fourth quarter, Facebook released its earnings under its new...
-
Mattel has won back the lucrative license from Hasbro. Back in 2016, Mattel lost the rights to produce dolls...
-
James Iannazzo hurled slurs and threats at the workers of a smoothie shop. On Sunday, Merrill Lynch financial advisor...