Grads are too optimistic about job prospects

The class of 2014 is overly optimistic about job prospects, reports CBS News.

Only 18 percent of 2014 graduates expect to earn $25,000 or less, but more than 41 percent of 2012 and 2013 graduates are earning salaries in that range, according to the Accenture 2014 College Graduate Employment Survey. Two-thirds of graduates say they’ll have student loans to repay.

Eighty percent of new graduates believe they will receive formal on-the-job training, but only 48 percent of recent grads said they received any.

Forty-six percent of workers who graduated from college in the past two years say they are working in jobs that do not require their college degrees, Accenture reports. That’s up from 41 percent in last year’s survey.

Only 17 percent of graduating seniors had jobs lined up by April, according to another survey by AfterCollege. That’s down from 20 percent in 2013.