New Study Links College Majors With Future Earnings
Georgetown University’s Center on Education and the Workforce recently released a study on how median earnings compare between 171 Bachelor’s egree majors in 15 categories: What’s it Worth? The Economic Value of College Majors. Yes, it sounds familiar—there are dozens of studies and reports out there ranking degrees and future earnings potential–but this one’s actually a shiny new study based on a larger research group, newly available census info, and includes gender and race/ethnicity data.
Excerpt from the press release:
Some of the findings include:
The top 10 majors with the highest median earnings are: Petroleum Engineer ($120,000);
Pharmacy/pharmaceutical Sciences and Administration ($105,000); Mathematics and Computer Sciences ($98,000); Aerospace Engineering ($87,000); Chemical Engineering ($86,000); Electrical Engineering ($85,000); Naval Architecture and Marine Engineering ($82,000); Mechanical Engineering, Metallurgical Engineering and Mining and Mineral Engineering (each with median earnings of $80,000).
The 10 majors with the lowest median earnings are: Counseling/Psychology ($29,000); Early Childhood Education ($36,000); Theology and Religious Vocations ($38,000); Human Services and Community Organizations ($38,000); Social Work ($39,000); Drama and Theater Arts, Studio Arts, Communication Disorders Sciences and Services, Visual and Performing Arts, and Health and Medical Preparatory Programs
(each at $40,000).
So if you’re just in the college game for the money, go for Petroleum Engineer and avoid the Psychology Department at all costs.
Posted by Alexa Harrington
(image: petroleum engineering paraphernalia)