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Georgetown University's Center on Education and the Workforce, provides a plethora of insights and resources for calculating the value of employment, education and social initiatives across a range of datapoints. One of their areas of research yielded, "The Economic Value Of College Majors," and there you'll find an interactive web tool that allows the user to see how much college graduates earn by 15 major groups and 137 detailed major subgroups nationally and within states. The researchers found that among college graduates with the same majors, earnings vary by state. For example, in California, business majors earn $70,000 annually on average; in Illinois and New York, they earn $67,000; in Texas, they earn $65,000; and in Florida, they earn $54,000.
Where the tool comes in particularly handy is assessing the value among different areas of focus for first-year employees -- in. other words, jobs that graduates get coming out of college.
Some of the data probably won't surprise you; for example, STEM vs Arts/Humanities. In the below graphic, shows a wide disparity in salaries, Health appears to be the highest earning group with Bachelor's degrees. But when you drill down to specific sub-categories, you'll see that the highest earning entry level jobs are actually in petroleum engineering where workers have a median starting income of $136k, topping out at $243k for the highest earning first-year employees.
A list of resources to help you get into college, pay for college, graduate from college, etc.
A list of resources to help you get into college, pay for college, graduate from college, etc.
College Board: The dudes who make those controversial tests that have been used a barometer (or barrier) for entry and that many college admission officers now say they're gonna start ignoring (if they haven't already).
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College Explorer: Campus Explorer is a free service that helps all types of students find the schools which best match their higher education needs. Campus Explorer provides pricing transparency, scholarship information, college rankings as well as numerous other key details on over 8,500 US colleges, universities and trade schools. We help students personalize their searches and connect directly to schools online. Campus Explorer serves more than 30 million high school, college and adult students every year with college planning and college search.
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