Report: What’s it Worth? The Economic Value of College Majors
Researchers at Georgetown University calculates the median salary for workers by their college major. Among the findings are major disparities between genders and races.
From the Selected Findings:
The full report also looks at a host of other factors, broken down by specific majors, that can affect potential earnings, including gender, race and ethnicity. In some cases, the findings are stark. Gender inequality, as expressed in pay differences, is rampant across virtually every major. For example, even in one of the highest-earning majors for women (Chemical Engineering), women still make $20,000 less per year than men. The report also highlights some glaring racial and ethnic earnings gaps. For instance, African-Americans who graduate with a Finance major earn an average of $47,000 per year, which is less than Hispanics ($56,000) and Asians ($56,000) — and much less than Whites($70,000).
Georgetown University Center on Education and the Workforce