A historian, however, would know that it is essential to look beyond such simplistic logic. Yes, in the first few years after graduation, STEM and business majors have more obvious job prospects — especially in engineering and computer science. And in our recession-scarred economic context, of course students are concerned with landing that first job.
Over the long run, however, graduates in history and other humanities disciplines do well financially. Rubio would be surprised to learn that after 15 years, those philosophy majors have more lucrative careers than college graduates with business degrees. History majors’ mid-career salaries are on par with those holding business bachelor’s degrees. Notably these salary findings exclude those who went on to attain a law or other graduate degree.
The utility of disciplines that prepare critical thinkers escapes personnel offices, pundits and politicians (some of whom perhaps would prefer that colleges graduate more followers and fewer leaders). But it shouldn’t. Labor markets in the United States and other countries are unstable and unpredictable. In this environment — especially given the expectation of career changes — the most useful degrees are those that can open multiple doors, and those that prepare one to learn rather than do some specific thing.