Is your degree paying off?

January 6, 2012

A new report released by Georgetown University’s Center on Education and the Workforce finds that the risk of unemployment for recent graduates varies considerably depending on major.

The Washington Post reports that those with the highest rates of unemployment had degrees in:

  1. architecture (13.9%)
  2. the arts (11.1%)
  3. the humanities (9.4%)

Those with the lowest rates of unemployment had degrees in:

  1. health (5.4%)
  2. education (5.4%)
  3. agriculture and natural resources ( 7%)

The report points out that business majors also have relatively low unemployment rates (7.4%), except for those who have a focus in Hospitality Management (9.1%) due to the ongoing decline in the travel and tourism industry. Engineering graduates are also faring rather well, except for Civil and Mechanical Engineers who have been impacted from the decline in manufacturing and construction.

For the most part, majors that are more closely aligned with particular occupations and industries, such as healthcare and education, tend to experience lower unemployment rates.

To read the full report, click here.


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