Industry Reports Record Salaries, More Jobs in '53

June college graduates who enter industry will start off earning more money than ever before.

Lewis L. Newby, College Placement Officer, yesterday confirmed figures released by the National Industrial Conference Board, which recently completed a survey of 195 large firms. The Board announced that college graduates in industry will start at salaries from five to eight percent greater than those of last year.

Newby said that the competition for Harvard seniors, especially in technical, chemical, and engineering jobs, is more intense this year than last. "Right now we have the most favorable job markets we've ever had," he stated.

High Engineer Salaries

In its survey, the Board found that college graduates will start out at about $308 a month in manufacturing firms, $271 in non-manufacturing firms. Beginning salaries for engineering graduates will vary from $321 to $334.

The Board ascribed the favorable job outlook to the draft, and to the fact that fewer students will graduate in 1953 than last year.