10

12

Per cent

cumulative

12

2

5

10

15

20

25

30

8

2

1

1

4

0.07

0.07

Table 73 shows the distribution of graduates now employed in commerce and business, exclusive of those in banking, finance, and insurance, according to average annual salaries, years since graduation, and with normal salaries calculated from the data.*

TABLE 73.-Employees in commerce and business, not including those in either banking and finance or insurance, distributed according to their present average annual salaries and the number of years since graduation, with normal salary values calculated from the data

When the curve of calculated normal salaries is drawn for commerce and business employees it becomes apparent that graduates with two years of experience earn nearly $450 more than those who have been out of college only one year. The difference between the second and third year decreases to $285. Thereafter the annual differences increase until the maximum $518 occurs between the fifth and sixth years. Annual increments diminish from that point

onward.

Employees in the commercial world who have been out of college only one year earn more than $100 less per annum than engineers with

The formula for this group developed by Dr. George W. Hervey was: Average salary equals 100,000 (number of years graduated) $123.5433 plus $5.02933 (years graduated) minus (85.144) (0.8439) (years graduated).