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You said: "...profitable majors, so you'd probably see a lot more STEM degrees and a lot fewer of everything else...". In terms of lifetime earnings, STEM is no
by muraiki 9y ago
You said: "...profitable majors, so you'd probably see a lot more STEM degrees and a lot fewer of everything else...". In terms of lifetime earnings, STEM is not necessarily a sure fire route:
"'Students and parents have a pretty good idea of what majors pay the most, but they have a poor sense of the magnitude of the differences within the major,' said Douglas A. Webber, an associate professor of economics at Temple University who studies earnings by academic field. He points to one example: The top quarter of earners who majored in English make more over their lifetimes than the bottom quarter of chemical engineers.
But what if you never make it to the top of the pay scale? Even English or history graduates who make just above the median lifetime earnings for their major do pretty well when compared to typical graduates in business or a STEM field."
See https://www.nytimes.com/2017/11/03/education/edlife/choosing-a-college-major.html https://www.nytimes.com/2017/11/03/education/edlife/choosing...
- mywittyname 9y agoThat article seems to contradict itself. They claim the pay difference is not big between STEM and liberal arts, then goes on to present data that clearly shows there's a big pay difference. But then goes onto say the reason for the gender wage gap is not enough women choose STEM majors.