Students studying science or math in college have a higher employment rate and salary than other majors after graduation, according to a new report from the Department of Education.
The DOE report looked at four years of data on college graduates and found that STEM majors — science, technology, engineering, and math — on average earn $ 65,000, while non-STEM majors earned about $ 15,500 less. STEM majors were also more likely to be employed and hold only one full-time job, rather than a part-time job or multiple jobs.
Overall, the information clearly pointed to the advantages of studying a STEM field in terms of employment and salary. As the Associated Press reports,
The survey found a strong correlation between earning money and highly specialized degrees. More than 95 percent of grads who studied computer and information sciences, for example, were employed full-time at the time of the survey and earned $ 72,600 on average. Engineering students reported similar job and salary prospects. That’s compared with a humanities graduate who was more likely to report working multiple jobs and earn a full-time salary averaging only $ 43,100.
According to the DOE survey, engineering and engineering technology was the highest paying degree, with an average annual salary of $ 73,700.
Here are the average salaries for STEM majors and non-STEM majors, as well as a breakdown of how much students with specific degrees earn:
- STEM major (overall) — $ 65,000
- Computer and information sciences — $ 72,600
- Engineering and engineering technology — $ 73,700
- Biological and physical sciences, science technology, mathematics, and agricultural sciences — $ 50,400
- Non-STEM majors (overall) — $ 49,500
- General studies — $ 53,700
- Social sciences — $ 46,700
- Humanities — $ 43,100
- Health care fields — $ 58,900
- Business — $ 55,500
- Education —$ 40,500
Read the full Department of Education report here >>
FOLLOW US! Check Out BI Colleges On Facebook
SEE ALSO: The 10 Best Careers For Recent College Grads
Join the conversation about this story »
Science And Math Majors Earn The Most Money After Graduation
No comments:
Post a Comment