Anonymous wrote:Anonymous wrote:I majored in engineering and have lots of classmates who majored in "impractical" fields who are doing much much better than I am. In fact, several of the smartest tech grads in our class are close to the bottom of the college grad financial totem pole.
It’s somewhat inverted.
Most people coming into practical majors, esp engineering come from lower middle class families. They don’t have connections nor FOB resources to optimize career strategy. Also many of them like are passionate about science or tech which sometimes makes less optimal career choices.
Anonymous wrote:Anonymous wrote:From my perspective as the parent (aka, person paying the tab), it also depends where my kids are going to school.
I would not pay $90,000 a year to a small LAC or other private school for an unmarketable degree. If we're talking about in-state at a public school, I would be more lenient in choice of major.
As a small example, DD is at a pricey private college, majoring in economics. She would have preferred to get a BA in econ, because it's easier. We are making her take the harder math classes so that she ends up with a BS in econ, which is much more marketable.
I think I might feel the opposite, because a very pricey LAC is going to give them a legup (presuming it's well ranked etc.) over a state school.
Anonymous wrote:From my perspective as the parent (aka, person paying the tab), it also depends where my kids are going to school.
I would not pay $90,000 a year to a small LAC or other private school for an unmarketable degree. If we're talking about in-state at a public school, I would be more lenient in choice of major.
As a small example, DD is at a pricey private college, majoring in economics. She would have preferred to get a BA in econ, because it's easier. We are making her take the harder math classes so that she ends up with a BS in econ, which is much more marketable.
Anonymous wrote:
The major is often different from the career you end up pursuing. What's important is to choose something that's in their wheelhouse, otherwise they're not going to last 4 years and it's your money down the drain.
That being said, you can advise them to tweak their choices to protect themselves. My son loves history and military strategy. He chose an International Affairs major, with a concentratino in security policy, and at my request, is doing a Bachelors of Science version that includes a ton of data science courses. Because the data science will come in useful for analysis positions in his field, or for switching to a different career.
Anonymous wrote:
The major is often different from the career you end up pursuing. What's important is to choose something that's in their wheelhouse, otherwise they're not going to last 4 years and it's your money down the drain.
That being said, you can advise them to tweak their choices to protect themselves. My son loves history and military strategy. He chose an International Affairs major, with a concentratino in security policy, and at my request, is doing a Bachelors of Science version that includes a ton of data science courses. Because the data science will come in useful for analysis positions in his field, or for switching to a different career.
Anonymous wrote:FWIW **I** didn't have a practical major at all 35 years ago, and am just fine. And think generally it's fine. But I do wonder if things are different now.
Anonymous wrote:It depends, does she have family money to fall back on in case of unsteady employment in her early career years?
Kids who pick "practical" majors often times don't have this. They need steady income right away after college graduation.
Anonymous wrote:She needs a job she loves, great mental and physical health, and master personal finance.
I retired early, because I understood how important knowing how to manage money was.
I made over $40k a year only once in 29 years. I still have every penny I have ever made and then some. I retired 15 years before early retirement age.
Young people got to learn personal finance as teenagers, college students, and continue as they build their career. It's an insurance against hard times, losing a job, changing jobs or even going back to college.
I made $50k the day after elections as I slept. All this was possible, because I took knowing all there is to know about money seriously. I had to or the minimum wage job was going to take my health.
Anonymous wrote:I majored in engineering and have lots of classmates who majored in "impractical" fields who are doing much much better than I am. In fact, several of the smartest tech grads in our class are close to the bottom of the college grad financial totem pole.
Anonymous wrote:Our child wants to major in psychology or anthropology. She is a humanities or social sciences kid.
Is a practical major important?
She doesn't have any interest in business, econ., engineering, hard sciences.
Anonymous wrote:Learning for learnings sake is important, and if you can afford it, let them study what they want, because they'll figure it out and attend grad school at some point.
Anonymous wrote:Has the way that this worked changed a lot in the last 30 years?
I went to a fancy-sounding school but I never thought it really mattered what I studied, and still don't. Heck I even think that a bit for my master's, in my case