ASE Releases Results to the 2025 Starting Salaries for Co-op Students and Recent College Graduates Survey
ASE
Releases Results to the 2025 Starting Salaries for Co-op Students and Recent
College Graduates Survey
Media Contact: Heather Nezich,
ASE, 248.223.8040, hnezich@aseonline.org
Troy, MI – December 19, 2024 --- ASE, one of the
nation’s oldest and largest employer associations, has released the 2025
Starting Salaries for Co-op Students and Recent College Graduates Survey this
week. The annual survey provides a comprehensive look at the current state of
wages and benefits provided to co-op students and recent college
graduates. The survey also presents
employers with a snapshot of the recruitment and retention trends associated
with these new entrants to the workforce.
Highlights of the ASE 2025 Starting Salaries for Co-op
Students and Recent College Graduates Survey include:
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40% of those surveyed have increased rates for
Co-op/Intern students within the last year.
This is a decrease from last year, where 51% had increased wages for
this segment of their workforce.
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More than six of ten respondents (66%) say their
company has hired a recent college graduate in the past year or plans to hire
one in 2025. This is a decrease from what was reported in 2023 (72%).
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The top six in-state institutions survey
respondents actively recruit from are: 1) University of Michigan-Ann Arbor; 2) Michigan
State University; 3) Oakland University 4) Wayne State University; 5) Michigan
Technological University; 6) Kettering University.
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The top three knowledge/skill factors
organizations consider when making hiring decisions, in order, are: computer
skills, related coursework (i.e., to the work required in the job), and degree
level.
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78% of respondents reported that they do not
provide benefits to co-ops/interns
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Of the 22% of respondents that provide benefits
to co-ops/interns, 40% provide medical coverage, 60% provide paid holidays, 40%
provide paid sick or personal days, and 60% provide tuition assistance.
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The highest average starting salary was, again,
Electrical Engineering at $77,471. This is a slight decrease from the previous
year ($78,151). The second and third
highest average starting salaries were Mechanical Engineering ($75,362) and
Manufacturing Engineering ($73,570).
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The average salaries for select non-technical
roles were as follows: HR/Labor Relations at $62,394, Psychology at $48,699,
Social Work at $46,995, and Communications at $46,337.
The ASE 2025 Starting Salaries for Co-op Students and Recent
College Graduates Survey findings were announced by ASE President and CEO, Mary
E. Corrado. “The ASE 2025 Starting Salaries Survey highlights a shifting
landscape for new graduates, with fewer companies planning to hire and slower
wage growth for co-ops and interns, signaling a more challenging and
competitive labor market for those entering the workforce.”
Background information on the ASE 2025 Starting Salaries
for Co-op Students and Recent College Graduates Survey
138 organizations from across Michigan participated.
Organizations with 100 employees or less nationally made up approximately 36%
of the survey sample, while organizations with 101-499 employees nationally
represented roughly 46% of the sample. The remaining 18% of the sample came
from organizations with more than 500 employees. A variety of industries have been represented
in the survey, with durable goods manufacturing (47.8%) leading the pack.
Trades and Services (23.9%) were the second-largest industry representation.
This survey is available at no cost to ASE Members via the ASE
Survey Library. It is available for $415 for non-member participants and
for $825 for non-member non-participants.
Request to purchase here.
About ASE
ASE is employers trusted partner
for Everything HR. ASE is a non-profit, membership organization – everything we
do is based on the needs of members and to drive the success of their
organizations and help them THRIVE. ASE
strengthens organizations’ HR departments by offering member benefits and
discounted services that span the entire employee lifecycle including
recruitment, development, and retention while minimizing compliance risk. We
provide our members guidance through new legislation and workplace issues.
Learn more about ASE at www.aseonline.org.
