Thursday, June 02, 2011

The Economic Value of College Majors

The economic value of higher education has been well-documented over the years. However, the value of a college education by major has been less studied. To fill this gap in the literature, the Georgetown Center on Education and the Workforce (Carnevale, Strohl, & Melton, 2011) has released a detailed study that specifically addresses the economic value of college degrees by major field of study.


According to the authors:
We’ve always been able to say how much a Bachelor’s degree is worth in general. Now, we show what each Bachelor’s degree major is worth.... The report finds that different undergraduate majors result in very different earnings. At the low end, median earnings for Counseling Psychology majors are $29,000, while Petroleum Engineering majors see median earnings of $120,000.
Follow the link below to download copies of the full report.

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

Source: Carnevale, A P; Strohl, J & Melton, M (2011), What's It Worth: The Economic Value of College Majors, Georgetown Center on Education and the Workforce, Washington, DC.

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