With the start of the application season for universities in the United States in all fields, many families are wondering what Undergraduate degrees A four-year-old is worth it.
Some experts say the value of a bachelor’s degree is waning and more focus should be directed toward job training. An increasing number of companies, including many in the technology field, are waiving the necessity of a degree to many mid-skill and even higher-skill roles.
However, earning a degree almost always pays off, according to “The College Payoff,” a report by Georgetown University’s Center on Education and Workforce.
The report said that holders of a bachelor’s degree generally earn 84% more than those with only a high school diploma – and the higher the level of educational attainment, the higher the return, according to CNBC and Al Arabiya.net.
However, when broken down by fields of study, the difference is striking. Students who specifically pursue a major in science, technology, engineering, and mathematics—collectively known as STEM majors—are expected to earn the most overall.
In addition to STEM, health and business majors are among the highest paid, resulting in higher average annual wages at entry-level to work and significantly higher over the course of a career than liberal arts and humanities majors, Georgetown Center found.
10 Most Disappointing Majors After Graduation
The most regretful
However, 44% of all job seekers with university degrees regret their field of study.
Journalism, sociology, communications and education topped the list of the most regretted college majors, according to a ZipRecruiter survey of more than 1,500 college graduates who were looking for a job.
The arrangement was as follows:
Arts and General Studies
Marketing and Research Department
Medical and Clinical Assistant
And while students may be drawn to these areas while in school for reasons beyond salary and job security, “When we graduate, the reality speaks,” said ZipRecruiter chief economist Sinem Popper. “When you are barely able to pay your bills, your paycheck may become more important.”
Among the graduates who regretted their major, most said that if they could go back, they would now choose computer science or business administration instead.
Higher salaries means less regrets
Most satisfied certificate holders
Overall, the highest-earning undergraduate majors earn $3.4 million more than the lowest-paying majors over their lifetime.
Job site ZipRecruiter also found that graduates who enter the workplace with good career prospects and high starting salaries are the most satisfied with their field of study.
According to ZipRecruiter, computer science majors, with an average annual salary of about $100,000, were generally the happiest.
Students who majored in criminology, engineering, nursing, business and finance were also satisfied with their choices.
“Salary is still the most important,” Popper said, but “job security is now even more important.” “It happens when we are afraid of stagnation.”