QoD: What percent of college graduates end up working in the field of their major?
Answer: 27%
Questions:
- Which majors do you think are more likely to lead to a job in that field?
- What steps can you take to prepare yourself for employment, regardless of which major you choose?
- Given that almost 3/4 of college grads end up in fields that are not related to their major, do you think it's a good idea to consider multiple majors while in college?
Behind the numbers (Inside Higher Ed):
A New York Federal Reserve Bank study came up with this 27% statistic. The Inside Higher Ed article goes into the details coming from a report based on a huge database of 125 million professional profiles compiled by Emsi. The Emsi report looks at six broad categories of study: languages and philosophy, the social sciences, business, communications, engineering, and IT.
“Not surprisingly, the typical path is more of a swirl than a straight line.”
The report found that just over half of all jobs tracked in the database were in a business function, one-third in STEM, and one fifth in “soft skills” jobs.
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What's the value of a college degree? Check out this Data Crunch to answer the question.
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Looking for more resources for your college going students? Check out the Paying for College Unit Page.
About the Authors
Tim Ranzetta
Tim's saving habits started at seven when a neighbor with a broken hip gave him a dog walking job. Her recovery, which took almost a year, resulted in Tim getting to know the bank tellers quite well (and accumulating a savings account balance of over $300!). His recent entrepreneurial adventures have included driving a shredding truck, analyzing executive compensation packages for Fortune 500 companies and helping families make better college financing decisions. After volunteering in 2010 to create and teach a personal finance program at Eastside College Prep in East Palo Alto, Tim saw firsthand the impact of an engaging and activity-based curriculum, which inspired him to start a new non-profit, Next Gen Personal Finance.
