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College and University Discussion
Reply to "Colleges removing useless majors"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]BUT a hidden overhead cost for STEM majors is the constant certifications that they have to keep obtaining once they graduate. It's similar in effort to a masters degree, but just a different format.[/quote] The companies normally pay for the certifications. However it's the actual effort to be up to date with the fast changing technologies and industry. [/quote] But it pays well, unlike undergrad English degrees. The ROI for an undergrad STEM degree is *much* better than for an English degree.[/quote] I'm sure that's the case for the first job out of college, but has anyone got a link handy for long-term prospects? I know the plural of anecdotes is not data, but I personally know a number of STEM majors from my day (admittedly awhile back) who basically topped out in level after about 12-15 years and were laid off by 20 years if they hadn't gone back and gotten an MBA or other advanced degree that allowed them to do something else of value in their company (and even a few of those who did that didn't last because they lacked the soft skills necessary to be a manager). Turns out that it's much cheaper to hire the new engineers and computer software kids coming out of school than keep giving raises to the experienced ones, especially since their experience working with out-of-date technology doesn't give them such a huge advantage.[/quote] There's a study for 5 years out of college. https://www.cnbc.com/2022/02/12/the-best-and-worst-paying-college-majors-five-years-after-graduation.html All engineering and CS. [quote]The top 10 majors earning the most five years from graduation are all related to engineering — except for computer science, which ranks fifth out of all majors. [/quote] Bottom half: [quote]The bottom 10 majors after five years are mostly liberal arts degrees, and they all pay less than $40,000 in wages right after college. In some cases, the lower-ranked majors pay almost less than half of what the best-paying majors earn.[/quote] Eng. Language is on the list.[/quote] Again, the question isn't whether the people who are still in those fields are making decent salaries mid-career or five years out (which is really short, by the way - there are tons of people laid off at 28 like the guy in this story: https://www.latimes.com/business/technology/story/2023-01-24/in-the-wake-of-massive-layoffs-tech-workers-reconsider-their-future). The question is whether an undergrad STEM degree sustains high wages (since once you start including grad degrees, then many lawyers would swamp those salaries).[/quote] LOL. I don't think you will agree with any list unless it fits your narrative. English majors get laid off, too. STEM grads don't need a graduate degree to earn good money, but English majors do. That's a bad ROI. You want to compare apples to oranges because it doesn't fit your narrative, even though the data is right there in front of you.[/quote]
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