College graduates, Community Colleges, Cost of Education, Education Quality, Financials, Institutions, Markets, Private education, Public education, Required, University & College - Written by on Thursday, January 12, 2012 18:27 - 0 Comments

What Is Your College Degree Worth? Georgetown University Aims To Find Out…

Have you recently questioned your college degree? Or are you looking for advice on what should be your major in college? The economic meltdown has forced many to question the worthiness of a college degree. Many media outlets including CNN and others have also contemplated the worthiness of a college degree. Watch this video:

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 ).

 

Now, if you have a degree in social science or architecture, you are probably going to think that you will never get a job.
But wait.

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.

For all the prospective college students, this chart should give an insight on what should be their  major in college. Find a degree that will put your skills in high demand. As the chart shows your degree should be probably technical if you want to get paid well and feel secure. At the end of the day, whatever you choose do not decide to not attend college.
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.
Catherine Rampell, who wrote about the report on New York Times starts the post by saying
”College is worth it.”  We agree.
What do you think? Post your comments below.
Source: Georgetown University
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