College Grads Overconfident in Job Prospects

Lauren Williams's picture

Is this year's crop of college graduates overconfident about their job prospects?   

It sure looks like it if you believe a new study conducted by consulting firm Accenture that suggests that the newest college grad are naive about the state of the labor market.

Only 15 percent of the respondents expect to earn less than $25,000, but 32 percent of grads from the previous two years are earning those modest salaries. Nearly two-thirds expect to find jobs in their field of study, yet in reality only about half of recent college grads succeeded in doing this.

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