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Increased Competition for Student Talent Boosts Compensation Offers...

A new report just released by WetFeet Research & Consulting reveals that the increased competition for student talent is driving up compensation offers, sometimes even beyond the expectations of candidates.



The report is based on a WetFeet survey of more than 2,600 students from 24 top-tier undergraduate programs and 24 MBA programs conducted in April-May 2005. Unlike other compensation surveys, data for the WetFeet Compensation and Offers Report is provided by the students themselves, not employers.



The report shows that undergraduates expected an annual base salary of $41,950 with a signing bonus of $1,814. Actual offers and signing bonuses to undergrads were higher than expected with an average salary for full-time positions being $44,574 (6% higher than expected) and an average signing bonus of $2,818 (55% higher than expected).



MBAs reported an average expected base salary of $93,770 with an expected signing bonus of $12,817. Actual offers to MBAs were slightly lower with an average salary for full-time positions being $89,598. The actual average signing bonus was higher than expectations at $15,817.



All candidate groups were more optimistic about their compensation expectations in 2005 than in 2004.



The 85-page report also reveals starting salaries and signing bonuses offered by specific employers. Industry breakdowns covering accounting, consulting, consumer products, energy, financial services, government, healthcare, manufacturing non-profit, retail, technology and others indicate which industries are paying top dollar.



"For the first time employers have access to actual data as reported by the most recent pool of candidates from top-tier schools," said Steve Pollock, president of WetFeet and author of the report. "The data provides a solid benchmark to inform their compensation strategy for the current recruiting cycle."



The WetFeet Compensation and Offers Report 2005 may be purchased for $595 at www.wetfeetresearch.com.



This press release was distributed through eMediawire by Human Resources Marketer (HR Marketer: www.HRmarketer.com) on behalf of the company listed above.

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