In "Rocky" Labor Market, Your College Major Matters
Briefly

In "Rocky" Labor Market, Your College Major Matters
"Despite mounting public skepticism about the value of a college degree, the data is still clear: Over all, college graduates have much higher earning potential than their peers without a bachelor's degree. But the limits of those boosted earnings are often decided by a student's major. American workers with a four-year degree ages 25 to 54 earn a median annual salary of $81,000-70 percent more than their peers with a high school diploma alone."
"However, the salary range for workers with a bachelor's degree can span anywhere from $45,000 a year for graduates of education and public service to $141,000 for STEM majors. And even within those fields, salary levels have a big range. Humanities majors in the prime of their careers earn between $48,000 and $105,000 a year, with a median salary of $69,000. Meanwhile, business and communications majors earn between $58,000 and $129,000 a year, with a median salary of $86,000."
Workers ages 25 to 54 with a four-year degree earn a median annual salary of $81,000, about 70 percent more than peers with only a high school diploma. Salary outcomes vary widely by major, ranging roughly from $45,000 for education and public service graduates to $141,000 for STEM majors. Humanities majors earn between $48,000 and $105,000 with a median of $69,000, while business and communications majors earn between $58,000 and $129,000 with a median of $86,000. Unemployment among recent college graduates has risen: in 2008 recent graduates had 6.8 percent unemployment versus 9.8 percent for all workers, and since 2022 recent graduates have faced higher unemployment than all workers. The underlying data span 2009–2023.
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