US degrees do pay off
Source: Agencies |
August 7, 2011, Sunday
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Print Edition
Print Edition
HIGHER education leads to better paying jobs, and by 2018 almost two thirds of all occupations in the United States will require a college degree, according to a study.
Researchers at Georgetown University's Center on Education and the Workforce found that lifetime earnings for college graduates are higher than for non-graduates - with workers with degrees in science, technology and engineering earning most.
"The most lucrative major is petroleum engineer, but any major with a strong mathematical basis has high earnings out of college and long-term earnings that are stellar," said Anthony Carnevale, a co-author of the study.
The lowest paying degrees are those in education, counseling and the arts.
By 2018, some 63 percent of jobs will require a degree, according to the study.
Carnevale and his colleagues, who examined earnings by education level and occupation, age, race/ethnicity and gender, said the unemployment rate for people without degrees is about twice that of people with degrees.
"The difference in earning between those who go to college and those who don't is growing," they said.
Researchers at Georgetown University's Center on Education and the Workforce found that lifetime earnings for college graduates are higher than for non-graduates - with workers with degrees in science, technology and engineering earning most.
"The most lucrative major is petroleum engineer, but any major with a strong mathematical basis has high earnings out of college and long-term earnings that are stellar," said Anthony Carnevale, a co-author of the study.
The lowest paying degrees are those in education, counseling and the arts.
By 2018, some 63 percent of jobs will require a degree, according to the study.
Carnevale and his colleagues, who examined earnings by education level and occupation, age, race/ethnicity and gender, said the unemployment rate for people without degrees is about twice that of people with degrees.
"The difference in earning between those who go to college and those who don't is growing," they said.
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