Posted on 04/26/2015 2:59:36 AM PDT by iowamark
Freshly minted college graduates who majored in fields like architecture, business, computers, statistics, engineering and health can expect to start jobs where they earn more than high school graduates with decades of experience.
Thats the finding of a new report from Georgetown Universitys Center on Education and the Workforce, which dives into the varying career outcomes for graduates in different college majors. The report underscores both the size of the premium for higher education in the U.S. labor market and the even larger premium that accrues to graduates with select areas of expertise.
Back in the day, especially in the 1970s, the degree level didnt matter as muchwhat mattered was what happened to you on the job, said Anthony Carnevale, the centers director. Now the jumping off pointthe degreematters a great deal.
What Mr. Carnevales report concludesas illustrated by the complicated but important chart aboveis that college graduates with different degrees have wildly different labor market outcomes. For most degrees, a new graduate earns slightly less than someone with a high school diploma and decades of experience. High school graduates ages 35 to 43 earned $36,000 in 2012, the most recent year for which the detailed degree-level data can be parsed. But some degrees allow new workers to start out earning more than their experienced, but less educated, elders. For example, the median recent engineering graduatethose just age 22 to 26earned $57,000 a year. Graduates in computers, statistics and mathematics earned the second most$48,000right out of college...
(Excerpt) Read more at blogs.wsj.com ...
Correlation is not causation. About half of self-made billionaires do not have college degrees.
The college/resort industry is in the end stage of a government funded bubble, and they are starting to get shrill.
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Yep. And Georgetown doing this study is a conflict of interest.
Exactly. But guess who gets the big bucks and the perks? Heretofore, anyway. It's all changing now, because you can get a college level education for nothing now.
One farmer-legislator, upset that the state transportation department planned to build a road from southwest to northeast Iowa, introduced a bill to ban “diagonal highways.”
Mailboxes for members of the House were stacked in a wood and glass door “post office” just outside the House of Representatives. Anyone walking past could see if his or her rep had received mail.
One legislator from Des Moines had the little box completely stuffed with letters; he never bothered to read messages from his constituents. When one reporter noticed this, it hit page 1 with pictures the next day...
Thanks. You want stories? Well, I’ve got some stories...
If you want to be a professional pilot, let’s say a fighter or bomber pilot, you’re gonna need that degree.
“their K&E slipsticks”
I had one of those! Still have it.
Then there were the Frieden and Marchant calculators.
I think if a youngster saw a Frieden do a square root they’d fall out of their chair.
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