The value of a specific major could go up tremendously based on which school you went to. For example, for earning potential alone, I'll take an English degree

The value of a specific major could go up tremendously based on which school you went to. For example, for earning potential alone, I'll take an English degree from University of Pennsylvania over a business degree from 2nd-tier State School X. If my child were going to U of Penn, I'd even tell them to avoid Wharton undergrad, where the grading curve is harder than in liberal arts there, which could make your job prospects worse. At top schools, the degree itself (especially with a high GPA) is worth a ton, regardless of what you major in. The lower down on the prestige rankings that you go, the more likely you'll need a "practical" major to get a high paying job.