Most of us won’t ever earn a six-figure salary. Although incomes have been rising, albeit very slowly in recent years, the average American household still earns well below $100,000 per year. In fact, only about 20% of all American households hit that mark. Still, most people are able to make ends meet and get by. But it can be disheartening to see someone much younger, seemingly with little effort, start earning huge sums right out of school.
That’s not to say they don’t deserve it, of course. But if you’ve worked hard for a long time, seeing someone else take a shortcut of sorts is a kick to the ego. And perhaps unsurprisingly, there are a lot of big companies that are willing to pay top-dollar for fresh, talented college graduates. In fact, they’re willing to pay them well above six-figures as starting salaries, in addition to big bonuses.
Jesse Collins, a fresh graduate of Purdue University who will soon be heading off to work at the Seattle-based Curalate, created a monstrous data set showing salary and bonus data for college grads at hundreds of companies. Using a survey, he built a spreadsheet using the data from more than 450 graduates who reported their salaries. He tweeted the results back in December 2016, which has since gone viral.
Using his data, we’ve spotlighted 15 big companies, many in the tech sector, which are paying new grads huge salaries and bonuses.
Amazon is actively throwing a lot of money at fresh talent. According to Collins’ data, the annual base salary for a new grad is about $104,000, with about $16,000 per year in stock. Plus, there’s an average signing bonus of $36,000.
Apple is casting a wide net to bring in fresh, young faces. And it’s doing so with huge salaries and signing bonuses. The average starting salary at Apple is just shy of $110,000, with an average signing bonus of $14,000.
If you’re young and like money, Bloomberg is evidently willing to cater to you. Starting salaries at Bloomberg tally up at $129,500, with significant stock and stipends, and a signing bonus of more than $13,000.
New grads “like” Facebook’s compensation packages. Facebook’s average starting salary is just shy of $111,000, with $48,000 in stock/stipend and an average signing bonus of $82,000.
5. Goldman Sachs
With Goldman Sachs seemingly taking over Washington D.C., it might be an attractive place to start your career. The money isn’t too bad, either. Goldman Sachs is offering an average starting salary of $91,000 and a signing bonus of $7,000.
Google is shelling out the cash to attract top-level, next-generation talent. The average salary for new grads at Google is $106,000, with $13,000 in stock/stipend and a $25,000 signing bonus.
LinkedIn was recently swallowed up by Microsoft, and at either company, new grads make some serious bank. According to Collins’ data, the starting salary at LinkedIn is $120,000, with a bonus of $10,000.
Speaking of Microsoft, new grads earn an average salary of $106,000, with big stock and signing bonuses, as well.
The popularity of Snapchat is probably helping the company capture a lot of young talent. Snapchat pays new grads an average salary of $120,000, with big stock/stipend perks and a sizable signing bonus.
If you want to get into the transportation game, Uber’s willing to spend a lot to bring you on board. Salaries start at about $108,000, with $37,500 in stock per year.
You’ll yelp when you see what Yelp is paying new graduates. Average salaries are north of $90,000, with stock and signing bonuses of $20,000.
Everyone’s going to be watching Twitter closely over the next few years, as it’s a favorite tool of our new commander in chief. New grads at Twitter earn $120,000, with stock and signing bonuses of $18,500.
13. Capital One
If tech isn’t your industry, Capital One would be happy to have you. Starting salaries for new grads top $90,000.
IBM has been around for a long time and is still a major player in the business world. It, too, needs to replenish its employee ranks with fresh talent. New grads earn more than $90,000.
A job at Palantir, if you’re fresh out of college, will earn you an average of $109,000 per year. There’s also a signing bonus of $5,000.