Going to college offers many benefits in today’s job market, but your choice of major could be just as important. What you study can greatly influence your job prospects after graduation.
A study from the Federal Reserve Bank of New York looked at college graduates aged 22 to 27. It ranked how well different majors do in terms of job opportunities and salaries. The findings are quite revealing.
Despite the challenges many grads face, having a degree still helps young workers stand out, especially when it comes to earning potential. However, for those who chose popular fields like computer science or engineering, the job market may not be as promising as expected. After rapid hiring during the pandemic, many tech companies are now cutting back.
Underemployment rates also tell a different story. For instance, about 7% of recent computer science graduates are unemployed, higher than the national average of 4.3%. However, only 19% of these grads are underemployed, which is more favorable than some other fields.
Compare that with recent criminal justice majors: nearly 66% are underemployed. Similarly, those in the performing arts face an underemployment rate of around 64%. This stark difference highlights the challenges some majors face in securing jobs in their field.
Experts suggest that students should research job markets and explore fields where demand is growing, like healthcare, renewable energy, or skilled trades. In fact, the Bureau of Labor Statistics projects that healthcare occupations will grow significantly in the next decade, indicating a steady demand for graduates in those areas.
If you’re still in school or considering college, think carefully about your major. Your choice can shape your future and potentially lead to better job opportunities.
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Employment, College
