Will Your College Degree Pay Off?

With the job market in turmoil and college tuition skyrocketing, it’s understandable that many people are concerned about the marketability of their college degree, not to mention their earning potential. Payscale.com recently released a study that ranks college degrees by salary, including starting pay and mid-career pay. Not surprisingly, the top of the list is dominated by the sciences – especially engineering.

Methodology: Annual pay for Bachelors graduates without higher degrees. Typical starting graduates have 2 years of experience; mid-career have 15 years. See full methodology for more.

If you click through to Payscale.com, you can see that elementary education, social work and culinary arts are at the bottom of the list with starting and mid-career salaries 40-50% lower than the top paying careers.

Talk to your student about his or her career choice and how to decide on a major that will help them reach their goals. For example, instead of majoring in English because they’ve always loved to write, consider Communications for better job prospects. If your student is leaning toward a degree that is not as practical, urge him or her to consider it as a minor instead.

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