Some college majors are extremely valuable in today’s economy, while some are less so. Recently,…
Some college majors are extremely valuable in today’s economy, while some are less so. Recently, Bankrate blogger TheCashlorette.com set out to separate the wheat from the basket weaving.
According to her report, Petroleum Engineering is the most valuable college major.
Petroleum Engineering – or, the study of extracting oil and gas from beneath the earth – boasts the top median income ($134,840.88), more than double the median income of all full-time workers with only a bachelor’s degree ($62,217).
That, coupled with an elite 2.38% unemployment rate (13th overall), propelled Petroleum Engineering to the top of the ranks.
Here are TheCashlorette’s 5 Most Valuable College Majors:
- Petroleum Engineering
- Pharmacy Pharmaceutical Sciences/Administration
- Geological/Geophysical Engineering
- Mining/Mineral Engineering
- Naval Architecture/Marine Engineering
On the other hand, those holding only a bachelor’s degree in Clinical Psychology, the least valuable college major in the study, will have the hardest time landing a job (8.06% unemployment rate). The median income of $43,092.81 is also 31% less than the overall median, good for a bottom 10 finish in that category.
And Here Are the 5 Least Valuable College Majors:
- Studio Arts
- Human Services/Community Organization
- Miscellaneous Fine Arts
- Clinical Psychology
You can read the study here: https://www.thecashlorette.com/millennial-money/best-college-majors/