Make no mistake: An undergraduate degree can improve your employment
prospects and paycheck size. A high school graduate earns 40% less than
someone with a bachelor’s degree and is more than twice as likely to be
unemployed. But not all college majors are created equal. In fact, grads
with certain majors sometimes fare worse in the labor force than
workers who stopped studying after high school.
Considering the time and expense that goes into earning a
college degree, knowing whether your course of study is a career-killer
is powerful knowledge indeed. That's why we analyzed the jobless rates
and salaries for graduates with the 100 most popular majors to come up
with our list of the ten worst values in college majors.
Using data from Payscale.com and Georgetown University's Center
on Education and the Workforce, we looked for majors whose
graduates—both recent grads (within the past five years) and those well
into their careers—face a brutal combination of low compensation and
high unemployment. We also worked with Payscale to determine the
likelihood that recent graduates from each major would end up working in
retail, where a college degree isn't always required, rather than in
their field of study. A ratio of 1.0 is the norm; a ratio of 2.0 means a
graduate of that major is twice as likely to work in retail as the
average college grad.
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