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What A College Degree Is Worth

(credit:  Slaven Vlasic/Getty Images)

(credit: Slaven Vlasic/Getty Images)

mattleman_125 Education Reports
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PHILADELPHIA (CBS) – With tuition rising and a weak job market, many are debating the value of a college degree. Data from the census as well as the 2009 American Community Survey that asked what college those with a bachelor’s degree attended and in what field, provides some insights. Findings show that the economic value of a bachelor’s degree varies with a college major.

Anthony Carnevale, director of the Georgetown University Center on Education and the Workforce recently published research that shows for workers with a bachelor’s degree, median incomes ranged from $29,000 for counseling-psychology degrees to $120,000 for petroleum engineering majors.

Within majors, there’s a variance; in business, those with economics majors had the highest median income at $75,000. Computer, mathematics and health fields are high on the list, while education and social work yield the lowest monetary rewards. But, ask any graduate; there are other rewards to going to college.

Read the article in The Chronicle of Higher Education.

Reported By Dr. Marciene Mattleman, KYW Newsradio