Depends on the specific industry. Right now, mechanical, electrical, and chemical engineers are pulling great salaries, no experience, right out of college.
That however might change in the future, but probably not for at least a couple years.
Programming however is very competitive since so much of it is being shipped to China and India.
More than anything else, it will depend on the market at the time. Right now there is a large shortage in engineers (but not programmers).