Learning by Degrees – Is College Worth It?

Rebecca Mead:

A member of the Class of 2010–who this season dons synthetic cap and gown, listens to the inspirational words of David Souter (Harvard), Anderson Cooper (Tulane), or Lisa Kudrow (Vassar), and collects a diploma–need not be a statistics major to know that the odds of stepping into a satisfying job, or, indeed, any job, are lower now than might have been imagined four long years ago, when the first posters were hung on a dorm-room wall, and having a .edu e-mail address was still a novelty. Statistically speaking, however, having an expertise in statistics may help in getting a job: according to a survey conducted by the National Association of Colleges and Employers, graduates with math skills are more likely than their peers in other majors to find themselves promptly and gainfully employed.
The safest of all degrees to be acquiring this year is in accounting: forty-six per cent of graduates in that discipline have already been offered jobs. Business majors are similarly placed: forty-four per cent will have barely a moment to breathe before undergoing the transformation from student to suit. Engineers of all stripes–chemical, computer, electrical, mechanical, industrial, environmental–have also fared relatively well since the onset of the recession: they dominate a ranking, issued by Payscale.com, of the disciplines that produce the best-earning graduates. Particular congratulations are due to aerospace engineers, who top the list, with a starting salary of just under sixty thousand dollars–a figure that, if it is not exactly stratospheric, is twenty-five thousand dollars higher than the average starting salary of a graduate in that other science of the heavens, theology.