Salary Expectations Increase 4.7% for Undergraduates Business Students and 13.0% for Graduate Business Students
Montreal, Quebec, April 21, 2016 (Newswire.com) - Stock-Trak Inc., the leading provider of stock market portfolio simulations for the university market, has released the results of its Fall 2015 survey of tens of thousands of university business students and their salary expectations.
Overall, Stock-Trak’s Undergraduate SoBER Index is up 4.7% for Fall 2015 compared to Spring 2015. The SoBER Index, or “Students of Business Expected Remuneration” Index, is a survey of the salary expectations of the 75,000 students that use one of Stock-Trak’s portfolio simulations in a university class. The 4.7% increase in the last 6 months of the overall SoBER Index reflects the third consecutive substantial increase in salary expectations since the 2007-2008 financial crisis.
The Fall 2015 Undergraduate SoBER Index shows that the salary expectation of undergraduate students is $52,508, which is an increase of 4.7% from the Spring 2015 level of $50,128. The Fall 2015 Graduate SoBER Index shows that the salary expectation of graduate students is $82,700, which is an increase of 13.0% from the Spring 2015 level of $73,168.
Digging down into the first level of our survey by demographics, Stock-Trak’s SoBER Index reveals that: graduate students expect a 57.5% higher salary than undergraduates; undergraduate males expect 12% more than undergraduate females (although this trend does not extend to graduate students); undergraduate finance majors expect 17% more than marketing majors; and undergraduate students at universities in the Northeast expect 5% more than students in the South.
Stock-Trak’s SoBER Index is sorted and analyzed based on the following demographics:
· Gender (male/female)
· Major (accounting, economics, finance, management, marketing)
· Region (Northeast, South, Midwest, West)
· Degree (undergraduate, graduate)
· City (top 20 US cities)
This analysis reveals that, among graduating seniors:
· the greatest difference in salary expectations by major is the Economics vs Marketing major difference of $9,600
· the greatest difference in salary expectations by region is the Northeast vs South region difference of $3,200, and
· among the top 20 cities represented by the survey, students in the following cities had the highest salary expectations (decreasing order): New York, Los Angeles, Seattle, and Houston.
At the most granular level, the SoBER Index reveals that undergraduate male finance majors in NYC expect $69,102 while undergraduate female marketing majors in Detroit expect $48,673.
For graduate students, the results are more drastic:
· the greatest difference in salary expectations by major is the Economics vs Accounting major difference of $47,200
· the greatest difference in salary expectations by region is the West vs South region difference of $16,100
The full Stock-Trak SoBER Index report is available that shows the following levels of detail:
· Undergraduate x Major x Gender x Region
· Undergraduate x Major x Gender x City
· Undergraduate x Major x Gender x University
· Graduate x Major x Gender x Region
· Graduate x Major x Gender x City
· Graduate x Major x Gender x University
The StockTrak.com website is the #1 portfolio simulation for university finance classes and trading rooms. StockTrak.com allows professors to create a custom trading competition for their students by giving them $1,000,000 in virtual cash and allowing them to simulate trading stocks, bonds, mutual funds, options, and futures from 50 global exchanges.
StockTrak.com is used in over 1,100 classrooms, by over 75,000 students, and by over 82% of the top U.S. Business Schools. While all students using StockTrak complete our salary survey, our SoBER Index reflects only those students that are graduating and entering the job market either as a senior or as a 2nd year graduate student. This insures a highly accurate estimate of salary expectations of students who are actively looking for jobs. If you are hiring business students from the major universities across the U.S. or Canada, and want to get our full report, please contact Mark Brookshire at 770-337-7720.
Some of our largest university sampling sizes are from these schools: University of Central Florida, University of Missouri, Cal State Fresno, Colorado State, University of Texas, Iowa State, Indiana University, Southern New Hampshire, Penn State, Cal State East Bay, University of Maryland, Wake Forest University, Rutgers, University of Kentucky, Texas A&M, York University, UC Davis, Clemson, Illinois, University of South Carolina, Boston U, BYU, University of Georgia, Central Michigan, University of Arizona, University of Delaware, etc.
Stock-Trak Inc., the leading provider of stock market portfolio simulations for the university market, has released the results of its Fall 2015 survey of tens of thousands of university business students and their salary expectations.
Overall, Stock-Trak’s Undergraduate SoBER Index is up 4.7% for Fall 2015 compared to Spring 2015. The SoBER Index, or “Students of Business Expected Remuneration” Index, is a survey of the salary expectations of the 75,000 students that use one of Stock-Trak’s portfolio simulations in a university class. The 4.7% increase in the last 6 months of the overall SoBER Index reflects the third consecutive substantial increase in salary expectations since the 2007-2008 financial crisis.
The Fall 2015 Undergraduate SoBER Index shows that the salary expectation of undergraduate students is $52,508, which is an increase of 4.7% from the Spring 2015 level of $50,128. The Fall 2015 Graduate SoBER Index shows that the salary expectation of graduate students is $82,700, which is an increase of 13.0% from the Spring 2015 level of $73,168.
Digging down into the first level of our survey by demographics, Stock-Trak’s SoBER Index reveals that: graduate students expect a 57.5% higher salary than undergraduates; undergraduate males expect 12% more than undergraduate females (although this trend does not extend to graduate students); undergraduate finance majors expect 17% more than marketing majors; and undergraduate students at universities in the Northeast expect 5% more than students in the South.
Stock-Trak’s SoBER Index is sorted and analyzed based on the following demographics:
· Gender (male/female)
· Major (accounting, economics, finance, management, marketing)
· Region (Northeast, South, Midwest, West)
· Degree (undergraduate, graduate)
· City (top 20 US cities)
This analysis reveals that, among graduating seniors:
· the greatest difference in salary expectations by major is the Economics vs Marketing major difference of $9,600
· the greatest difference in salary expectations by region is the Northeast vs South region difference of $3,200, and
· among the top 20 cities represented by the survey, students in the following cities had the highest salary expectations (decreasing order): New York, Los Angeles, Seattle, and Houston.
At the most granular level, the SoBER Index reveals that undergraduate male finance majors in NYC expect $69,102 while undergraduate female marketing majors in Detroit expect $48,673.
For graduate students, the results are more drastic:
· the greatest difference in salary expectations by major is the Economics vs Accounting major difference of $47,200
· the greatest difference in salary expectations by region is the West vs South region difference of $16,100
The full Stock-Trak SoBER Index report is available that shows the following levels of detail:
· Undergraduate x Major x Gender x Region
· Undergraduate x Major x Gender x City
· Undergraduate x Major x Gender x University
· Graduate x Major x Gender x Region
· Graduate x Major x Gender x City
· Graduate x Major x Gender x University
The StockTrak.com website is the #1 portfolio simulation for university finance classes and trading rooms. StockTrak.com allows professors to create a custom trading competition for their students by giving them $1,000,000 in virtual cash and allowing them to simulate trading stocks, bonds, mutual funds, options, and futures from 50 global exchanges.
StockTrak.com is used in over 1,100 classrooms, by over 75,000 students, and by over 82% of the top U.S. Business Schools. While all students using StockTrak complete our salary survey, our SoBER Index reflects only those students that are graduating and entering the job market either as a senior or as a 2nd year graduate student. This insures a highly accurate estimate of salary expectations of students who are actively looking for jobs. If you are hiring business students from the major universities across the U.S. or Canada, and want to get our full report, please contact Mark Brookshire at 770-337-7720.
Some of our largest university sampling sizes are from these schools: University of Central Florida, University of Missouri, Cal State Fresno, Colorado State, University of Texas, Iowa State, Indiana University, Southern New Hampshire, Penn State, Cal State East Bay, University of Maryland, Wake Forest University, Rutgers, University of Kentucky, Texas A&M, York University, UC Davis, Clemson, Illinois, University of South Carolina, Boston U, BYU, University of Georgia, Central Michigan, University of Arizona, University of Delaware, etc.
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About Stock-Trak, Inc.
Stock-Trak Inc. is the leading provider of stock market simulations, stock market games, and stock trading contests for the high school, university, corporate and consumer markets. Our family of virtual trading and stock market education sites (StockTrak.com, HowTheMarketWorks.com, NationalSMS.com, SimVest.com, Investing101.net, Sanebull.com) helps hundreds of thousands of students and adults each year learn how the stock market works and become more confident in their investing decisions. Our robust virtual trading platform can also be customized to meet the needs of banks, brokerages, media companies, and other financial websites to enable them to offer their clients a virtual stock trading experience. Founded in 1990, our virtual trading platforms and websites have helped over 5,000,000 individuals learn about the markets and practice their trading skills.
Contact: Mark Brookshire at (770) 337-7720
Source: Stock-Trak, Inc
