Trail Times Friday, September 13, 2013 www.trailtimes.ca A13
Grads face reality check with starting salaries
A Tasty tradition Sheri Regnier photo
Francesco Marino (left) was back in the grind making passata di pomodoro in his backyard Wednesday. The tomato puree will be spiced with basil, homegrown sweet peppers and this year, freshly ground pork, before being preserved to enjoy over a bed of pasta this winter. Meanwhile, Mario Marino (above) fried up bread dough to anchor a ladle full of freshly made tomato sauce and sauteed sweet peppers Wednesday. The aromatic snack is a recipe passed down from her mother.
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TORONTO – As the new school year gets underway, a BMO Bank of Montreal survey released today suggests that university and college students expect to earn an annual salary of more than $50,000, on average, when they start a job after graduation. By contrast, Statistics Canada reports that graduates are still earning considerably less than that even after two years of work experience. Statistics Canada reports that students with a degree earned $45,000 per annum, on average, after two years on the job. Both men and women polled have expectations that exceed reality, male expectations are higher than females. The BMO survey, conducted by Pollara, found that males expect to start at $52,938, on average, versus $48,096 for females. I n reality, Statistics Canada says the average salary for males after two years is $48,000, and $43,900 for females. “While students may need to adjust their immediate salary expectations, the experience they gain combined with a good education will help them achieve a sound financial future and a rewarding career,” said Steve Murphy,
Senior Vice President, Commercial Banking, BMO Bank of Montreal. According to Statistics Canada, the average starting salary for Canadian post-secondary students can vary depending on profession. For example, those who studied visual & performing arts can expect to make the least, with $31,000 as the average salary within a couple years after graduating. Comparatively, those who studied architecture & engineering will make $53,000 within a couple years after graduating. The release listed the average wage for the field of study: Architure, engineering and related technologies – $53,000 Health, parks, recreation and fitness – $53,000 Mathematics, computer and information sciences – $50,000 Business, management and public administration – $48,000 Education – $45,000 Personal, protective and transportation services – $44,000 Agriculture, natural resources and conservation – $43,000 Other – $42,000 Social and behavioural science and law – $40,000 Humanities – $36,000 Visual and performing arts and communications – $31,000
September 13, 2013 edition of the Trail Daily Times