Anthony P. Carnevale — Ban Cheah — Jeff Strohl 

 

Released: January 4, 2012
 

 Full Report | Press Release

 

Hard Times has been featured in the New York Times, Washington Post, Time magazine, Bloomberg, US News and World ReportNPR and CNNMoney.com 

 

Much attention has been devoted to the 9 percent unemployment among recent college graduates, leading some to conclude that college is no longer worth it. In Hard Times, we argue that college remains the best alternative for young workers with one caveat: Not all majors are created equal. Some majors offer substantially better employment prospects than others. 

 

Hard Times

Here are some of our major findings: 

 

1. Choice of major substantially affects employment prospects and earnings.

 

2. People who make technology are better off than people who use technology.

 

3. In general, majors that are linked to occupations have better employment prospects than majors focused on general skills. But, some occupation specific majors, such as Architecture, were hurt by the recession and fared worse than general skills majors.

 

4. For many, pursuing a graduate degree may be the best option until the economy recovers. But, not all graduate degrees outperform all BA’s on employment.

 

 

 

 


 

 

 

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Did You Know?

The least educated are the most vulnerable in economic downturns. During the current recession, unemployment rose from 7.4% to 13.3% (February ’08 to March ’09) among those with less than a high school diploma. The unemployment rate rose from 4.7% to 9% for those with a high school diploma during the same time period.


- The American Response to the Financial Crisis

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