Which Majors Pay Off Biggest?
Updated: Sep 20, 2019
CBS: “A student’s major as well as their college can make a significant impact on their career earnings, according to a new study from compensation site PayScale … Not surprisingly, the top-earning majors are squarely in the STEM-related fields, or science, technology, engineering and mathematics. Students who attend top-ranked schools like Ivy League colleges or those known for particular expertise, such as the U.S. Naval Academy, also tend to earn more than those who matriculate from middle-of-the-pack colleges.”
“But is it important to attend an elite or expensive college? Not necessarily, said Lydia Frank, vice president of content strategy at PayScale. For instance, a student who wants to study engineering — already a top-paying field — may not be hampered in her career if she attends a lower-ranked college because engineering skills are in strong demand.”
“As for the old-fashioned liberal arts degree, Frank said there’s still demand for the types of skills that students learn in such majors. ‘It’s about critical thinking and communication skills,’ she said. ‘When we ask employers about skills that are lacking in new college grads … what we hear from employers is often the new hires right out of college are lacking things that you think everyone in college should graduate with, which are communication skills and critical thinking’.”