Female grads earn $8,000 less than men
A new report says a female business major, for example, earned a little over $38,000, while a male earned more than $45,000.
October 24th, 2012
03:14 PM ET

Female grads earn $8,000 less than men

By Blake Ellis, CNNMoney

New York (CNNMoney) - A year after graduating from college, women are earning thousands of dollars less per year than their male peers.

Women who worked full-time jobs one year after receiving their diplomas earned 82 cents for every dollar men earned. That's according to a report from the American Association of University Women, which analyzed data from a Department of Education survey of 15,000 graduates conducted in 2009, the most recent data available.

While men earned average salaries of $42,918, women earned $35,296 - a nearly $8,000 difference, the report found.

"You hear in the news that [millennial] women are now out-earning their male peers, but what we found in looking at those emerging from college is that there is still a gender pay gap," said Catherine Hill, director of research at AAUW.

Read the full story from CNNMoney

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Filed under: Economy • Education • How we live • Women
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