Recent college graduates should not expect to be a PM, or at least a successful PM, directly after graduation. Project Management is not a job than can be picked up within a month of starting the job. Graduates should instead aspire to get a job as an Assistant PM instead, and that way the graduate has some real world experience under their belt. Companies would rather a hire a person with no formal education, but years of experience than a person who has a degree but no history of actual managing. Expert Judgment, which is using your past experiences to make a decision, is very important for a PM that fresh graduates simply will not have. The average salary in South Florida is 77 thousand dollars per year. (http://www.glassdoor.com/Salaries/project-manager-salary-SRCH_KO0,15.htm). Many of these jobs are for experienced PMs of at least 24 months.
~LH