while a growing number of current and prospective college students don’t believe the degree is worth the price tag on ‘The Bottom Line.’
It depends on what a student majors in, but for the great majority of fields, it’s financially advantageous to get a bachelor’s degree. One major that I remember has historically been near the bottom of the field and had a negative return on investment has been theology. There are a bunch of websites that will list approximate return-on-investments.
kagis
Here’s the first site that comes up for me. They don’t have a complete list, but they do have the highest and lowest RoI majors.
https://educationdata.org/college-degree-roi
Bachelor’s Degree ROI by Major
The average return on investment for a bachelor’s degree can be vastly different from one major to another. Variations also exist based on the degree holder’s personal circumstances, such as age, location, gender, etc.
- The most cost-efficient degree is a business degree in finance, with a lifetime ROI of 1,842.38%.
- Computer and information sciences (1,752.59%),(#1) ((#3) #4) computer engineering (1,743.81%), and economics (1,707.80%) also have high returns.
- Despite having a lower ROI, a computer engineer’s lifetime returns exceed a business finance major’s by $1.182 million.
- A Bachelor’s of Education offers the lowest lifetime ROI at -55.43%, representing a $149,407 loss in degree-based earnings.
- Other negative-value degrees include liberal arts and humanities (-42.78%) and family and consumer science (-38.95%).
Of course the lowest is education thats so fucking depressing
In David Graeber’s book, Bullshit Jobs, he discusses the idea that many jobs that are the most beneficial to society are the most undervalued.
I’m not so sure these studies are relevant with the rise of AI. It’s becoming impossible to find a job as a fresh college grad. That’s gotta affect the calculus.
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It’s not worth the risk