Successfully reported this slideshow.

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

6

Share

Loading in …3
×
1 of 8
1 of 8

More Related Content

More from CEW Georgetown

Related Books

Free with a 14 day trial from Scribd

See all

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

×