Does a College Degree Pay Off? Choice of Major Can Determine Pay
English may be your first choice in majors but it may not be the biggest payoff in education in the long run. According to a recent study, researchers compared average earnings for various fields over a lengthy career and found a 300% difference between the average salary of the highest earning engineers and the lowest earning guidance counselors. This research was re-affirmed by independent studies performed by Almeda University researchers in June 2011.
Obtaining your bachelor's degree online is important, but the major that you concentrate on will likely be more important to the bottom line than the degree itself. A director of the Georgetown University Center on Education and the Workforce reportedly told ABC News that "If what they are interested in is money, they should go directly to engineering, computer science, sciences or business." The study found that recipients of the technical degrees will earn more by age 35 in their careers. This is based on the idea that one was more likely to become a manager by that age and that is when the employment earnings would increase due to experience.
Parents want their child to pursue their dreams and do well after obtaining a degree. But, at some point, your kids need to be aware of the reality of things and have a hard look at making a good solid living. What degree and more importantly, your major, will earn you the money needed to make a good living in todays economy?
Moms and Dads should education their kids about careers and jobs and how life will be working and paying their own bills. There is often a tendency to see online colleges for getting a degree and not so much on the pay received to the value of the investment of obtaining that degree. The fact is that vastly different earnings are reported depending on the selected for your degree.
If you are concerned about taking on the huge debt in order to get your degree, there is a silver lining some say. Researchers report that the investment in the online degree and obtaining the degree is worth the investment and will yield a return over time. Even if the cost of college increases, it is believed that it is worth the investment and you will benefit from the degree. However, others have slightly different feelings.
Some believe that of the average 40 plus year careers none of them pays back all the college expenses in time. Some majors, however, do come close. Those with Bachelor's degrees and Masters Degrees who want to work in universities; career wage returns are higher than the cost of education. A college degree is particularly important during a recession, when the jobless rate for high school graduates can double that of college graduates.
Below is a list of majors in descending order of earnings-highest first:
Computers and Mathematics
Business
Health
Physical Sciences
Social Science
Agriculture and Natural Resources
Communications and Journalism
Law and Public Policy
Biology and Life Science
Humanities and Liberal Arts
Arts
Education
Psychology and Social Work
Obtaining your bachelor's degree online is important, but the major that you concentrate on will likely be more important to the bottom line than the degree itself. A director of the Georgetown University Center on Education and the Workforce reportedly told ABC News that "If what they are interested in is money, they should go directly to engineering, computer science, sciences or business." The study found that recipients of the technical degrees will earn more by age 35 in their careers. This is based on the idea that one was more likely to become a manager by that age and that is when the employment earnings would increase due to experience.
Parents want their child to pursue their dreams and do well after obtaining a degree. But, at some point, your kids need to be aware of the reality of things and have a hard look at making a good solid living. What degree and more importantly, your major, will earn you the money needed to make a good living in todays economy?
Moms and Dads should education their kids about careers and jobs and how life will be working and paying their own bills. There is often a tendency to see online colleges for getting a degree and not so much on the pay received to the value of the investment of obtaining that degree. The fact is that vastly different earnings are reported depending on the selected for your degree.
If you are concerned about taking on the huge debt in order to get your degree, there is a silver lining some say. Researchers report that the investment in the online degree and obtaining the degree is worth the investment and will yield a return over time. Even if the cost of college increases, it is believed that it is worth the investment and you will benefit from the degree. However, others have slightly different feelings.
Some believe that of the average 40 plus year careers none of them pays back all the college expenses in time. Some majors, however, do come close. Those with Bachelor's degrees and Masters Degrees who want to work in universities; career wage returns are higher than the cost of education. A college degree is particularly important during a recession, when the jobless rate for high school graduates can double that of college graduates.
Below is a list of majors in descending order of earnings-highest first:
Computers and Mathematics
Business
Health
Physical Sciences
Social Science
Agriculture and Natural Resources
Communications and Journalism
Law and Public Policy
Biology and Life Science
Humanities and Liberal Arts
Arts
Education
Psychology and Social Work
