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What’s It Worth?
The Economic Value of College Majors
Anthony P. Carnevale, Jeff Strohl, and Michelle Melton
May 24, 2011
Overview
•  Some undergraduate majors pay off a lot more than
others.The difference in earnings potential between
one major ...
The top 10 majors with the highest median earnings
The 10 majors with the lowest median earnings
Race and gender earnings gaps still exist
•  Even in their highest paid major (electrical
engineering), African Americans ...
Lowest and highest unemployment
•  The lowest unemployment rates: Geological and
Geophysical Engineering; Military Technol...
Conclusion
•  Obtaining a graduate degree leads to higher earnings,
but the amount of additional earnings is driven by fie...
For more information:
See the full report at: cew.georgetown.edu/WIW
	
  
Email Us | cewgeorgetown@georgetown.edu
Follow U...
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What's It Worth?: The Economic Value of College Majors

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This report details the relationships between major, gender, race/ethnicity, attending graduate school, and earnings.

Published in: Education

What's It Worth?: The Economic Value of College Majors

  1. 1. What’s It Worth? The Economic Value of College Majors Anthony P. Carnevale, Jeff Strohl, and Michelle Melton May 24, 2011
  2. 2. Overview •  Some undergraduate majors pay off a lot more than others.The difference in earnings potential between one major and another can be more than 300 percent. •  Majors tend to be highly segregated by race/ethnicity and gender. •  White men are concentrated in the highest-earning majors, while women tend to be concentrated in the lowest-earning majors.
  3. 3. The top 10 majors with the highest median earnings
  4. 4. The 10 majors with the lowest median earnings
  5. 5. Race and gender earnings gaps still exist •  Even in their highest paid major (electrical engineering), African Americans still earn $22,000 less than whites and $12,000 less than Asians with the same major. •  Women tend to hold the majority of degrees in many of the lower-paying fields, such as education. But, even women with degrees in the higher-paying field of chemical engineering earn $20,000 less than equally-educated men.
  6. 6. Lowest and highest unemployment •  The lowest unemployment rates: Geological and Geophysical Engineering; Military Technologies; Pharmacology, and School Student Counseling. •  The highest unemployment rates: Social Psychology (16 percent); Nuclear Engineering (11 percent) and Educational Administration and Supervision (11 percent).
  7. 7. Conclusion •  Obtaining a graduate degree leads to higher earnings, but the amount of additional earnings is driven by field of study. •  The highest earnings for graduate degree holders can be found in fields related to healthcare and biological sciences. •  The majors where students have the lowest earnings boost from advanced degrees are: Atmospheric Sciences and Meteorology, Studio Arts and Petroleum Engineering.
  8. 8. For more information: See the full report at: cew.georgetown.edu/WIW   Email Us | cewgeorgetown@georgetown.edu Follow Us on Twitter | @GeorgetownCEW Find Us on Facebook | Facebook.com/GeorgetownCEW Follow Us on LinkedIn | linkedin.com/company/georgetowncew

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