Or should you be studying dentistry?

Graduate starting salaries not on the rise, according to an AP report in the Herald:

UNIVERSITY graduates entering their careers with dollar signs in their eyes will be disappointed by starting salaries that have fallen in real terms from those of their immediate predecessors.

While their more experienced colleagues are enjoying increased wages as a result of the economic boom, university graduates under 25 earned an average $40,800 last year, up just 2 per cent from 2005, revealed the Graduate Careers Australia's annual survey, released today.

I'd guess that students graduating with accounting majors would have a higher median starting salary than the economics/business students overall ($40,000 for economics/business), though of course the article doesn't confirm this.* The median starting salary for UNSW undergraduate business students in 2006 was $45,000.

*UPDATE: According to the Institute of Chartered Accountants (quoted in the Oz), meadian starting salary for accounting graduates is $42,600.

UPDATE 2: Looks like the shortage is causing firms to try and grab students in high school (just like the Premier League teams, no?!).