Liberal arts majors make more money

The Economic Value of College Majors uses Census Data to analyze wages for college majors to detail the most popular college majors, the majors that are most likely to lead to an advanced degree, and the economic benefit of earning an advanced degree by undergraduate major. Two of the top highest paying majors, STEM and business are also the most popular majors, accounting for 46 percent of college graduates. Explore the Data The interactive web tool below allows the user to see how much college graduates earn by 15 major groups and detailed major subgroups nationally and within states. State data is available only on the interactive tool. We found that among college graduates with the same majors, earnings vary by state. For example, business is the most liberal arts majors make more money major, accounting for 26 percent of college graduates. Take a Tour. Anthony P. In the video Dr. Carnevale provides advice and highlights key factors from the report. Laura is worried picking a History major may lead to low earnings but Tony assures her, that is not the case. Watch the video to learn how History majors can earn more than the average business major and much more! Infographic Discover the key statistics in our report pertaining to college majors and earnings in this infographic. The importance of a major is powerful. We found that the highest-paid majors were among the STEM science, technology, engineering, and math fields, and the lowest earning majors were with early childhood education and human services and community organization.

Liberal Arts and General Studies

If you majored in liberal arts, odds are you’ve heard your fair share of jokes at your professional expense. But choosing to study liberal arts subjects, defined traditionally as language, history, philosophy, literature and abstract science, doesn’t mean you’re doomed to a life of underemployment. What you chose to study does, of course, have a huge impact on your earnings later in life, but it doesn’t have to define you or pigeonhole you in a certain role. CNBC Make It analyzed occupational data from the Bureau of Labor Statistics to find jobs that pay a premium for liberal arts grads’ skills and require a bachelor’s degree to obtain. Liberal arts grads are highly adaptable, and research from The Hamilton Project found that liberal arts majors transition into a surprising variety of occupations, holding a more diverse range of jobs than most other majors’ students did. Adaptability and soft skills can be huge assets for liberal arts majors, if they know which industries to join. Commonly found in non-profit or advocacy organizations, these workers plan and oversee campaigns and events aimed at raising money and other kinds of donations. Most employers want strong communication and organization skills in new hires, according to the BLS. To become a public school teacher, you’ll need to be licensed or certified in the specific grade level you’ll teach, and some districts may require a master’s degree. But in many private and charter schools, those same license requirements do not apply and a bachelor’s degree relevant to the subject you’ll teach is enough. Strong communication and writing skills are necessary for this occupation, which involves planning, revising and producing content for publication in books, newspapers, magazines or websites. Creating and maintaining a favorable public image for a company or organization is the main aim of this job. Employers prefer candidates who have strong interpersonal skills and writing skills as these workers craft media releases and develop brands social media presence. These workers recruit, screen and interview potential applicants for open positions within an organization. While courses or experience in accounting or business will help you land this role, many employers want strong writing and personal skills too. These workers help companies train their employees and teach them new skills. While many who enter this profession have a background in human resources or business administration, the field also prizes people who have teaching experience as well as strong interpersonal and speaking skills.

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Want to read Slashdot from your mobile device? Point it at m. Looking at the average salary when you have a few CEOs making millions tossed in doesn’t mean much for what most people can expect. The median salary gives much more useful information, but you really want a sense of the distribution. And anything meaningful should break down post-graduate education. I once saw a study of the value of various degrees that excluded anyone with post-graduate degrees, and not surprisingly, the worst majors were psychology and pre-med. Those degrees are pretty useless without grad school, and they probably have a very high percentage of graduates who were excluded in the study. Also maybe we should compartmentalize the results into There is no data, no explanation of methodology, and no references to anything other than a paywalled NY Times article. I dismiss TFA as unsubstantiated nonsense. I does not match any of my observations from looking at friends, family, and coworkers. The techs are doing way better, and the gap does not narrow with age. And everything it does say to hint about its methodology is suspect. First off I don’t see any direct mention of statistics which show Liberal Arts majors ever make more on average, just that they catch up. If they catch up but don’t start making more, then they are still making less over their career. Second, this comment is most telling about their methodology:. STEM salaries grew more slowly — and the field experienced a higher exit rate. Many of them shift into managerial positions, which pay well but do not always require specialized skills. If they are removing STEM workers who moved into management from their calculations, but are including art history majors who eventually go into management or law, then of course Liberal Arts majors are catching up. I cannot be sure they actually are doing this, but without any precise explanation of their methodology these types of statements are all we have to go on. It would be interesting if they showed the average earnings of STEM trained individuals who entered management, business, and law compared to Liberal Arts trained workers. They probably have access to this information if they did an even remotely competent job of running this study, and it would be one of the more direct ways of showing which type of education was more valuable. Perfectly valid criticisms of this particular study, but I can understand what is probably going on here. Take pre-law or business, on the other hand, and you will become part of the golf buddy network for life.

Liberal-arts majors often trail their peers in terms of salary early on, but the divide tends to narrow or even disappear as careers progress

For the latest business news and markets data, please visit CNN Business. If you just graduated college with a degree in the liberal arts, there’s good news for you. First of all, average salaries for new college graduates are at an all-time high, according to executive search firm Korn Ferry. Libwral know that your choice in major certainly matters. Yes, grads with science, technology, engineering and math degrees are on a fast track to a big paycheck. Related: How to pay off your student loans faster.

Your career choice also plays a big role in how much you earn, and for liberal arts majors, career options are pretty broad, according to a new report from The Hamilton Project at the Brookings Institution.

Ryan Nunn, an author of the report, said he was shocked to see just how much variety there actually is among people with the same majots. The most popular occupation for people with degrees in communications is a manager in marketing, advertising, and public relations. Broke No More: How can I pay off my student debt and still have a life? Psychology majors end up in a number of different fields, like teachers, social workers, rats and, of course, psychologists.

The most popular occupation for mnoey majors is a counselor. Take the often criticized philosophy major. About 1. Are you starting your first job? We’d love to hear about how you landed the gig and how it’s going.

Share your mzke by emailing Katie. Lobosco cnn. We’re no longer maintaining this page. Personal Finance. LendingTree Paid Partner. CNNMoney Sponsors.

SmartAsset Paid Partner. These are your 3 financial advisors near you This site finds and compares 3 financial advisors in your area Check this off your list before retirement: talk to an advisor Answer these questions to find the right financial majods for you Find CFPs in your area in 5 minutes. NextAdvisor Paid Partner.

Best Future Jobs for Liberal Arts Majors

For the latest business news and markets data, please visit CNN Business. If you just graduated college with a degree in the liberal arts, majofs good news for you. First of all, average salaries for new college graduates are at an all-time high, according to executive search firm Korn Ferry. We know that your choice in major certainly matters. Yes, grads with science, technology, engineering and math degrees are on a fast track to a big paycheck. Related: How to pay off your mkae loans faster. Your career choice also plays a big role in how much you earn, and for liberal arts majors, career options are pretty broad, according to a new report from The Hamilton Project at the Brookings Institution. Ryan Nunn, an author of the report, said he was shocked to see just how much variety there actually is among people with the same major. The most popular occupation liberal arts majors make more money people with degrees in communications is a manager in marketing, advertising, and public relations. Broke No More: How can I piberal off my student debt and still have a life? Psychology majors end up in a number of different fields, like teachers, social workers, counselors and, of course, psychologists. The most popular occupation for psychology majors is a counselor. Take the often criticized philosophy major. About 1. Are you starting your first job? We’d love to hear about how you landed the gig and how it’s going. Share your story by emailing Katie. Lobosco cnn. We’re no longer maintaining this page. Personal Finance. LendingTree Paid Partner.