Effects Of Majoring In Business

According to The Association of American Colleges and Universities (AAC&U), a study found that “at peak earnings ages (56-60 years) workers who majored as undergraduates in the humanities or social sciences earn annually on average about $2000 more than those who majored as undergraduates in professional or pre-professional fields.” This study which was conducted also found that the unemployment rate for recent liberal arts graduates showed a declining unemployment rate of only 5.2 percent. Not only does the estimated 9.6 million individuals hold a bachelor’s degree in the humanities or social sciences field, nearly 4 million of these individuals also attain a graduate or professional degree. These graduates with advanced degrees usually

Typically, all students are told that college is their best option. Without college a well-paying job cannot be obtained. However this may not necessarily be true. Stephanie Owen, a senior research assistant for the Brooking’s Center on Children and Families, and Isabel Sawhill, a senior fellow in economic studies, argue that college is not the best option for every student. Instead students should review the information on various colleges to decide if college is beneficial for them. To support their claim, the authors use data on the return of investment for various colleges and suggestions for ways to make information more available for students. Combined, these tactics strengthen their argument so that it is rather effective.

Recent high school students are debating whether to or not attend college, should consider the benefits of attaining a college degree. For many low or middle income students, this a route to gain opportunities to improve their economic circumstances. An article, “Pathways to Prosperity,” states in 2008, workers with bachelor's degree make about 65 percent higher than high school graduates and workers with associate's degree make about 73 percent more than high school dropouts.. This is evidence obtaining a college degree can be an opportunity to have earnings higher and significantly increase one's income.

College graduates, on average, make a whopping one million dollars more in lifetime earnings than those with a high school diploma. Those with a college degree now make $17,500 more per year than those without — a wage gap that's doubled in recent decades. Those without a degree are four times more likely to be unemployed.One of the biggest and most important reasons for anyone to attend college is the upper hand it gives with regards to jobs and career. A college graduate has a higher chance of landing a job when compared to an individual with a high school qualification. Further, a college graduate also has better options and opportunities to progress in their

As it is heavily believed and statistically proved by Document A, Earnings and Unemployment Rates Based on Educational Attainments (2015), the higher the degree earned, the more money attained, similarly the higher the degree earned, the lower the unemployment rate. This proves the worth of college by giving numerical comparisons of those who invested in it verses those who didn’t. The median weekly earnings of $1,730 from someone with a professional degree put up against the $678 from someone who only graduated from high school shows a very obvious difference. This information greatly supports the decision of going to college by displaying the “in the long run” advantage of college through the amount of money you can make in the future with the degree you earn

College education is an important investment that demands both time and money. Most students depend on college loans to cater for their costs of attendance, including tuition and fees. The lenders expect the students to pay back the loans in full amount after college. However, the ability of the students to pay back the loans is dependent on their success in the job market, particularly their earnings. Some college degrees lead to careers with good pay while others do not. In this regard, an evaluation of the return on investment (ROI) of a college degree is important. The ROI evaluates whether the benefits of attending college, usually the future earnings, outweigh the costs. It is important to choose a college that guarantees a better ROI to earn back the tuition costs and offset the student loans. The current evaluation compares the ROIs of two college majors (business and engineering) and two different types of schools (public and private).

Many high school students, and perhaps their parents, often wrestle with the question: Does a person with a college degree make more money than one with just a high school diploma? Can I earn more money with a college degree or by going straight to work after high school? Is it worthwhile to go to college? Research shows that yes, those who have a college education usually do make more than those with only a high school diploma do.

Many people are confused on why to invest time and money of attending college. A reason for obtaining a higher education is that a college degree can possibly earn a much higher salary than the majority of the people who have a high school diploma. College can be expensive and time consuming for the most of the people that do not have enough money and spare time to go to college. Stephen Rose, a research professor at the Georgetown University, wrote an article on “The Value of a College Degree” to explain if a college degree can be valuable to people to have. Eleni Karageorge, an author on the United States Department of Labor, wrote an article “Is A College Degree Still Worth It?” to give some details on job occupations that compares with employees having a bachelor’s degree or a high school diploma on how much they annually make on their job. Finally, Paul E. Barton, a consultant and a writer for topics related on education, wrote an article “How Many College Graduates Does the U.S. Labor Force Really Need?” on giving details on how valuable to have a college degree in the near future are needed when certain occupations are on high demand with a requirement on having a least a bachelor’s degree. We need to know why going to college is so important for anyone who wants to have professional occupations.

In Should Everyone Go to College Stephanie Owen and Isabel Sawhill argues the importance of comparing different variables with the return on investment “ROI”. Other variables such as the selection of universities and grad majors that can help assess whether or not obtaining a four-year degree will outstandingly increase ones future earnings. Owen and Sawhill also verify that it is not financially reasonable for everyone to attend college based on their desired major. In acknowledgement, I believe that it is unreasonable for everyone to attend college, especially with the evidence provided by Owen and Sawhill that shoes how not only it is an unwise decision for everybody to go to college, but not all degrees are equal.

The authors also look at some statistics and see if it would be beneficial to go to college. To determine if college is right for a person, they should look at the increased earnings for every year the person is in college. Every additional year of school, the rate of return is roughly 10 percent. When looking at the percentage of wages between high school diplomas, bachelor’s

The report “Should Everyone Go to College” by Stephanie Owen and Isabel Sawhill states that typically, there are numerous perks for attaining a college degree; that observation is not consistent depending on variables like school, majors, occupation and individual. In the report, different factors were investigated that impact the benefits of a college degree in the course of one’s career. One of those factors noted an increase in earnings by 10% with an extra year of college education. Along with non-financial payoffs observed with acquiring a college degree like an enriched overall wellbeing. The other factor discusses how the school, course of study and rate of graduation affect the return from a college degree. The earning potential for

In today’s society, the idea of receiving a college education has been pondered quite a bit as to whether or not it is actually worth it. According to Michelle Adam, many people “…today believe that getting a good education is key to success in our society, this revealed surprising issues that challenge the notion of higher education being worth its price tag” (59). Naturally, many high school graduates apply for college right before or after graduation. Others decide to go into the work force, armed forces, or simply remain unemployed. The question that many people debate about is, is a college education worth it in the long run? Though some people believe a college education will benefit ones’ career, others believe it will cause a mass

Becker and Murphy argue that “the growth in returns to college has generated a predictable response: as the education earnings gap increased, a larger fraction of high school graduates went on to college.” (583). Potential generated by higher returns to education extends from individuals to the economy as a whole. (585). Higher earnings from education will increase peoples’ living standards, and the more people invest into their education the greater the return they will get out of it further increasing living

Although the future of higher education may seem trivial, it is in fact crucial in terms of today’s concern over unemployment. With the way the job force has changed due to the fall of the economy, we can no longer rely on our trade or jobs that were lucrative and provided enough income for our families in the past. As it has been proven at Evergreen State College, “despite the university’s reputation as a countercultural bastion, 82 percent of its graduates found full-time employment within a year, and 93 percent of those who applied got into graduate schools” (188). This idea alone proves the fact that one has a larger change of attaining a job, if one has a college education. The notion of having a better likelihood of obtaining a job, or broadening my options, puts my mind at ease about unemployment.

In Who Studies the Arts and Sciences? Social Background and the Choice and Consequences of Undergraduate Field of Study (2006), Goyette and Mullen explored the effects of social background on the choice of major once in college in an effort to understand the relationship between social stratification and higher education. In previous studies, sociologists have documented the disparities in major selection, especially the field of science, when influenced by gender and race. Despite the extensive research done in those areas, the choice of arts and science versus a vocational majors, labor market returns to undergraduate degrees and how curricular divisions parallel social background has often been neglected. Previous research may have found evidence of the influence future incomes has on a student’s choice of study, but it did not consider how social background and major work together to affect graduate school outcomes and differentia earnings. As such, the link between social background and the selection of an Arts and Sciences major has yet to be explored, even if there is reason to suspect that this relationship is weakening or disappearing. To do this, Goyette and Mullen intended to explore four sets of mechanisms, which were the roles of tested proficiency, the student 's university, educational and career expectations, and values about work, through which social background could impact the choice of educational field in college. Since this is a complex subject,