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Good News for Recent Grads: Starting Salaries Are Up

A sign that the economy is on the rebound? Average salaries for new grads increased to $51,018.

Finally, some good news for 2011's crop of college grads. For those lucky enough to snag a job, employers are offering slightly higher salaries. According to the annual Salary Survey report from the National Association of Colleges and Employers, the average salary for 2011 grads is $51,018, up 4.8 percent from 2010's average of $48,661.

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College Majors and Cash: Follow the Money or Your Dreams?

If engineering majors make almost twice what the average liberal arts major earns, should everybody just become engineers?

When you look at your paycheck do you wonder if you picked the wrong major in college? A new study from Georgetown's Center on Education and the Workforce says that not only do science, math, and engineering majors earn more right after college than grads with humanities degrees, they also earn heftier salaries over the long haul. With the high cost of college and total student loan debt surpassing total credit card debt for the first time in history, this raises the question: Should students pass on majoring in something that truly interests them and instead go for the degrees that make money?

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