Outcomes by College Major

Discussion in 'General Distance Learning Discussions' started by sanantone, May 13, 2019.

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  1. sanantone

    sanantone Well-Known Member

    I found a good report from the Federal Reserve Bank of New York.

    Majors with unemployment rates at or above 5%

    Mass Media 7.8%
    Liberal Arts 6.7%
    Anthropology 6.6%
    Miscellaneous Technologies 6.4%
    Philosophy 6.2%
    Construction Services 6.1%
    Mathematics 5.8%
    Nutrition Sciences 5.8%
    Ethnic Studies 5.7%
    Fine Arts 5.6%
    Engineering Technologies 5.3%
    Earth Sciences 5.3%
    English Language 5.3%
    Physics 5.3%
    Information Systems and Management 5.0%
    General Engineering 5.0%
    Geography 5.0%

    Majors with underemployment rates at or above 50%

    Criminal Justice 73.2%
    Performing Arts 65.7%
    Leisure and Hospitality 63.0%
    Public Policy and Law 62.8%
    Business Management 59.6%
    Anthropology 59.1%
    Liberal Arts 58.4%
    Fine Arts 58.4%
    Miscellaneous Technologies 58.0%
    Animal and Plant Sciences 57.4%
    Art History 56.5%
    General Business 56.4%
    Sociology 56.0%
    Mass Media 55.2%
    Agriculture 53.9%
    History 53.1%
    Communications 53.0%
    Marketing 52.7%
    General Social Sciences 52.3%
    Political Science 51.5%
    Philosophy 50.9%
    Medical Technicians 50.9%
    English Language 50.6%
    Ethnic Studies 50.1%

    At the beginning of 2018, the median wage for those with high school diplomas was $28,000. The median wage for those with bachelor's degrees was $44,000. These are the majors that have mid-career salaries below $44,000.

    Early Childhood Education $41,000
    Elementary Education $43,000

    https://www.newyorkfed.org/research/college-labor-market/college-labor-market_compare-majors.html
     
  2. TEKMAN

    TEKMAN Semper Fi!

    Some of the majors surprise me like Information Systems and Management and Engineering Technologies.
     
  3. Jonathan Whatley

    Jonathan Whatley Well-Known Member

    Those majors are fairly high in unemployment, but fairly high in median wage both at early career and mid-career. Maybe some of the high unemployment rate reflects short job durations – like project work rather than permanent, and startups opening and closing.
     
  4. sanantone

    sanantone Well-Known Member

    I'm not surprised. During the recession, information systems had the highest or second highest unemployment rate at 11%. Architecture might have had the highest unemployment rate. IS is not as computer science or engineering, but computer science also had a high unemployment rate among recent graduates during the recession. Without any experience, it was hard to get a job.

    The city I was living in wasn't hiring new graduates, so most CS graduates moved away while companies imported skilled people from California.

    With engineering technology, the demand is probably for engineering.
     

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