“Occupy” People Can’t Get Jobs?

The unemployment rate for those with degrees is under 5% — but all degrees are NOT equal!

Georgetown University recently studied the lifelong earnings of different categories, based on recent census data. They found that college graduates in general earn 84% more over their lifetime than do high school graduates. But within college graduates, those with “hard” degrees like engineering, computer science and math earn substantially more than do those with “soft” degrees like psychology.

The report, titled “What’s it Worth? The Economic Value of College Majors” analyzed data from Census information to determine what the lifetime earnings were for different professions. Previously, analysis was only available for people to discover the starting salaries of different professional career paths.

Just look at the annual incomes reported in a study of 171 college majors in 15 separate categories. Psychology majors earn an average of $29,000 per year, but Petroleum Engineers earn an average $120,000 per year.  Over a lifetime that difference amounts to serious money for those in the highest-paying career categories. Engineers and psychologists are both “college graduates” but the income levels are significantly different.

Math and computer science majors receive an average salary of $98,000, but childhood education majors average $36,000. Get your degree in Peruvian Drum Circles, or Latino Studies, and you are going to struggle.

 

 

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