Unemployment & Salaries: Your Major Matters
Unemployment For College Majors
Earnings For College Majors
Source: “Hard Times, College Majors, Unemployment and Earnings: Not All College Degrees Are Created Equal“,The Georgetown University Center on Education and the Workforce
Earlier this year, the Georgetown University Center on Education and the Workforce published a study on unemployment rates and salaries for various college majors. Saying that unemployment among recent graduates with new Bachelor’s degrees is on average 8.9%, it states that “ … as the recovery proceeds and recent college graduates gain access to work, especially in their major fields, their unemployment rates will drop substantially …“ and „ … staying on campus to earn a graduate degree provides safe shelter from the immediate economic storm, and will pay off with greater employability and earnings …“
According to the study, unemployment among recent college graduates in Economics reaches 9.4%, 5.7% for college graduates with work experience and 4.6% for graduate degree holders. Average salaries of graduates in Economics stand at $48,000 for Bachelor’s degrees, $76,000 for college graduates with experience and $101,000 for graduate degrees.
- Economics Job Resources
Succeeding in the European Job Market for Economists
These institutions include European universities and research institutes in academia, but also many consulting firms, tech companies, think tanks, governments, and government agencies (such as the World Bank, International Monetary Fund and central banks).