Which college majors earn most (and least) money after graduation? What federal data shows

Which college majors earn most (and least) money after graduation? What federal data shows
Want to make money right after graduating college ? It might help to know ahead of time which majors pay and don't pay. The Federal Reserve Bank of New York released an economic research report analyzing 2021 labor market outcomes by breaking them down by college majors. The study looked at unemployment and underemployment rates, early career and mid-career median incomes, and whether a graduate degree was attained.
While education and arts-related majors ranked low in terms of wages and, engineering majors of various types ranked high on the list. Here's a look at the 10 majors with the lowest pay for recent college graduates, as well as the 10 highest, according to the federal report. Regardless of SCOTUS decision, 25 million people will have to repay student debt.
Here's how to prepare. Majors with low pay for recent grads Unemployment and underemployment rates were taken from data of those aged 22 to 27 with a bachelor's degree or higher, while median wage numbers are measured among full-time workers with a bachelor's degree only, the report states. Mid-career graduates are those aged 35 to 45.
Here are the 10 majors with the lowest pay for recent graduates, sorted from lower to higher: Theology and Religion Early career median wage: $36,000 Mid-career median wage: $52,000 Unemployment rate: 3. 6% Family and Consumer Sciences Early career median wage: $37,000 Mid-career median wage: $60,000 Unemployment rate: 8. 9% Social Services Early career median wage: $37,000 Mid-career median wage: $52,000 Unemployment rate: 3% Psychology Early career median wage: $37,400 Mid-career median wage: $65,000 Unemployment rate: 4.
7% Leisure and Hospitality Early career median wage: $38,000 Mid-career median wage: $60,000 Unemployment rate: 5. 3% Performing Arts Early career median wage: $39,000 Mid-career median wage: $62,000 Unemployment rate: 7. 6% Mass Media Early career median wage: $40,000 Mid-career median wage: $75,000 Unemployment rate: 8.
4% Early Childhood Education Early career median wage: $40,000 Mid-career median wage: $43,000 Unemployment rate: 3. 1% Elementary Education Early career median wage: $40,000 Mid-career median wage: $48,000 Unemployment rate: 1. 8% Special Education Early career median wage: $40,000 Mid-career median wage: $52,000 Unemployment rate: 2.
7% Insulin prices: Eli Lilly to cut insulin prices up to 70% amid federal pressure to lower costs Majors with high early-career pay Chemical Engineering Early career median wage: $75,000 Mid-career median wage: $120,000 Unemployment rate: 4. 1% Computer Engineering Early career median wage: $74,000 Mid-career median wage: $114,000 Unemployment rate: 3. 7% Computer Science Early career median wage: $73,000 Mid-career median wage: $105,000 Unemployment rate: 4.
8% Aerospace Engineering Early career median wage: $72,000 Mid-career median wage: $112,000 Unemployment rate: 6. 6% Electrical Engineering Early career median wage: $70,000 Mid-career median wage: $109,000 Unemployment rate: 3. 2% Industrial Engineering Early career median wage: $70,000 Mid-career median wage: $100,000 Unemployment rate: 4.
6% Mechanical Engineering Early career median wage: $70,000 Mid-career median wage: $105,000 Unemployment rate: 5. 3% Miscellaneous Engineering Early career median wage: $68,000 Mid-career median wage: $100,000 Unemployment rate: 3. 4% Business Analytics Early career median wage: $66,000 Mid-career median wage: $99,000 Unemployment rate: 2.
2% Civil Engineering Early career median wage: $65,000 Mid-career median wage: $100,000 Unemployment rate: 3. 4%.