How Much is Your College Degree Worth? Not as Much as You Think

When I was in high school, my parents always told me that the only way I was ever going to do anything in life is if I went to college. NOT going wasn’t even discussed. You had to go to college if you wanted a job. If you wanted to work at McDonald’s or Wal-Mart forever, then fine, you could skip out on college - but everyone knows (at least according to my parents back then) that working at Wal-Mart wasn’t really a job as much as it was a sentence to the worst life ever.

Well, I went to college, and I even did my parents one better and went to graduate school. Armed with both a BA and MFA, I was certain I could pretty much get any job I applied for, and would get paid 35K at the minimum.

Ha. Ha. Ha. And I’m not alone. Not only have most of my friends with MFAs scrambled to find anything to pay the bills post graduation (working at Borders, in a file room…with freaking MFAs!!), but it seems like degrees in general are losing the battle to inflation. Read More »

How to Get the Big Bucks

23393741.jpgWhen I came to college, I didn’t really know what I wanted to do with my future. So, being young and naïve I decided to major in English. My thought process: an English degree can get me into any grad program and basically get me any job I would ever want.

Turns out, I made a big (HUGE) mistake.

According to recent stats by some important people at the Wall Street Journal, a major in liberal arts is…well, worthless.

OK, maybe not worthless, but definitely not nearly as valuable as majoring something a little more 21st century. Just check out these stats for first year earnings in various fields:

Accounting: $46,000
Consulting: $47,000
Aerospace: $54,000
Engineering: $49,000
Retail: $34,000
Education: $30,000
Journalism: $23,000

Depressing, right? Well, it doesn’t have to be. Read More »