April 12, 2007 -- Job prospects and salaries are on the rise for college graduates this year, according to a new survey by online job site CareerBuilder.com.

In the survey of 2,591 hiring managers, 42 percent said they plan to raise starting salaries for college graduates, while 25 percent are expecting to hire more graduates than they did last year.

Thirty-six percent said they anticipate paying recent graduates between $30,000 and $40,000 this year, while 16 percent are offering between $40,000 and $50,000, and 12 percent above $50,000.

Grade point averages also appear to count when it comes to getting hired, the survey found. A third of the hiring managers surveyed said they require a 3.0 GPA or higher from job applicants.

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Published on: Apr 12, 2007