Starting Salaries
Many of us go to college to one day get a good job and be able to support a family. If someone told you that you could make twice as much depending on your major, would you consider changing majors? Well, a recent study showed that students graduating with math or science degrees have the potential to make twice as much as liberal arts majors.
The reason that attributes to this starting salary difference is linked to supply and demand. The ratio of liberal arts graduates to math and science graduates is almost 20:1, causing too much supply considering the demand. If it makes it easier tot think about, "they're a dime a dozen."
This does not mean that you have to graduate with a Computer Science degree; Accounting and Finance degrees count too.
posted by Anonymous at
2:20 PM
4 Comments:
Is there reason to believe that salary data might be right skewed? If so, what does this imply about the mean versus the median as the better measure of salaries? If salary data is right skewed then what does this say about some extreme points? What might be the reasons behind these extreme points in the disciplines with higher average starting salaries?
By
John Topoleski, at 12:43 PM
I think 'tcung' is correct- it comes down to supply and demand. We do need art, philosophy, music, and social thinkers- but when it comes down to how society progresses one must consider economics. The fact is money buys technology and education which moves society foward-which is obviously linked to economics.
However, it is interesting that there was no comment made about general business students, just finance and accounting. I am a marketing/management student and there is great potential wealth in my field of study. I would like to see a statistic on other fields of business and how much they make.
By
bruckone, at 9:14 AM
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By
John Topoleski, at 12:01 PM
The Occupational Outlook Handbook (from the US Dept of Labor) is a nationally recognized source of career information, designed to provide valuable assistance to individuals making decisions about their future work lives.
http://www.bls.gov/oco/
By
John Topoleski, at 12:04 PM
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