Problem 14.010: Determine rate of increase to create equivalence in S values According to NACE's April 2014 Salary Survey, engineering majors held eight of the top 10 spots on the list of top-paid majors for the class of 2014 bachelor's degree graduates Graduates in petroleum engineering were the highest paid at $95.600. Civil engineering graduates were the 10th highest paid at $65.000. Assuming the starting salary of petroleum engineering graduates stays the same for the next 10 years, what annual increase in pay would be required for civil engineering graduates to receive the same starting salary as that of petroleum engineering graduates? An annual increase of 1 % is required