College graduates, Community Colleges, Cost of Education, Education Quality, Financials, Institutions, Markets, Private education, Public education, Required, University & College - Written by Ravi Kumar on Thursday, January 12, 2012 18:27 - 0 Comments
What Is Your College Degree Worth? Georgetown University Aims To Find Out…
People are worried.
Rightly so because 8.9 percent of college graduates with Bachelor’s Degrees are unemployed.
To find the relevance of college degree, Center on Education and the Workforce at Georgetown University conducted research on the topic.
Their finding shows that the value of a college degree depends on the major.
The highest rate of decline, the study found, is among Architecture graduates (13.9 percent) due to the collapse of the construction and home-building industries in the recession. Unemployment is generally higher for non-technical majors, such as the Arts (11.1 percent) or Social Sciences (8.9 percent ).
When the economy will improve, more people are going to look for designers or architecture to design their living room or houses.
A report authored by David Giles, director at the Center for an Urban Future, a New York based think tank shows that 173 new firms were launched just in Brooklyn between 2001 and 2009. This report gives some hope for those who have architecture degrees.
In the meantime, the best thing to do is attend a graduate school or acquire additional skills. The second chart shows that if you have a graduate degree or have more experience then you have higher chances of getting a job.
Today’s best advice, then, is that high school students who can go on to college should do so—with one caveat. They should do their homework before picking a major because, when it comes to employment prospects and compensation, not all college degrees are created equal.
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