What's It Worth? The Economic Value of College Majors

What's It Worth? The Economic Value of College Majors

In general, women and people of color earn less than their white and male counterparts even when they have similar qualifications, a report from the Georgetown University Center on Education and the Workforce finds. What's It Worth? The Economic Value of College Majors (182 pages, PDF) examined the gender and racial/ethnic composition, median annual earnings, advanced degree attainment, likelihood of unemployment, and occupations of 171 college majors; the highest- and lowest-earning majors by race/ethnicity and gender; and earnings disparities within each major. Among other things, the study calculated the median earnings of whites with electrical engineering degrees at $90,000, compared with $80,000 for Asian Americans, $68,000 for African Americans, and $60,000 for Latinos/Hispanics. Funded by the Lumina Foundation for Education and the Bill & Melinda Gates Foundation, the report also found that the biggest gender gap in earnings is in the engineering and physical sciences fields.