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)

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  • Comments (1)
    • Lynn
    • June 29th, 2011

    This is a great article!!! Education is very important in our lives and we all know that money is really needed and when we are making a decision of going to college it is something that we have to count on. Think of a good career to have a future and potential earnings.

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