Students spend three to four years earning a college degree, and some even have to take out loans for college and education. But is it worth it? Candidates who have earned degrees in journalism, sociology, communication, etc., disagree, as many of them regret having earned a college degree.
The most loved and regretted jobs
A recent ZipRecruiter survey states that 44 percent of all current job seekers with college degrees regret their choice of major. According to the survey, 87% of journalism graduates said they would choose a different degree if given a second chance.
On the list of most regretted college majors, second place goes to sociology, liberal arts and general studies (both at 72%), followed by the communications major (64%) and the education major (61%) ). Marketing management and research, medical/clinical assistance, political science and government, biology, and English language and literature are also on the list.
On the other hand, 72 percent of candidates who graduated in computer science and information science, and in criminology say that they would choose the same degree again if given the choice. They are closely followed by engineering graduates (71%) and those with degrees in nursing (69%) and health (67%).
Other university degrees with no regrets are business administration and management (66%), finance (66%), psychology (65%), construction trades (65%) and human resource management (58%).
Additionally, computer science (selected by 13 percent) was the most desired degree among candidates who regret their college degree choice, followed by business administration (selected by 11 percent).
Are graduate degrees important for jobs?
Georgetown University recently released “The College Payoff” report on education and the workforce that claims a bachelor’s degree is worth an average of $2.8 million over a lifetime, but many students and parents are now questioning a four year’s worth. year degree
However, the report also found that there is wide variation in earnings by occupation even among people with the same qualification. For example, financial managers with a bachelor’s degree earn $3.1 million over a lifetime, while accountants and auditors with a bachelor’s degree earn $2.5 million. The difference between these two is not the degree but the occupation.
But speaking in favor of qualifications, earnings also vary within the same occupation according to level of education. For example, truck drivers with less than a high school diploma earn $1.3 million over a lifetime, compared to $1.5 million for truck drivers with a high school diploma. Elementary and middle school teachers with a bachelor’s degree earn $1.8 million over a lifetime, compared to $2.2 million for those with a master’s degree.
The same, however, is not true if some factors such as gender and race are taken into account. According to the report, women who work full-time year-round earn 25 percent less than men at similar education levels. The report shows that women earn less at every degree level, even when they work as much as men. On average, women who work full-time year-round earn 25% less than men, even at similar levels of education. This difference in career choice by gender was also seen in the ZipRecruiter survey where only 8% of women who regret their careers wish they had studied computer science, compared to 19% of men.
Similarly, at the highest level of education, African Americans and Latinos earn nearly a million dollars less than their white and Asian counterparts over a lifetime. Data from the Georgetown University report shows that African Americans and Latinos with master’s degrees have lower lifetime earnings than whites with bachelor’s degrees.
So reports show that an education degree matters as it pays more. “The gap in earnings between those who go to college and those who do not means that postsecondary education is more important than ever,” the report states. However, this is not true for all scenarios, as several other factors (such as type of employment, gender, and race) have different effects on salaries and job prospects.