The field of bachelor’s degree makes a considerable difference in a college graduate’s annual earnings, according to 2011 American Community Survey (ACS) data released this month by the U.S. Census Bureau. These differences add up over the span of one’s work-life. For example, among people whose highest degree is a bachelor’s, engineering majors earn $1.6 million more than education majors.
These findings come from two separate ACS reports. The first report, Field of Degree and Earnings by Selected Employment Characteristics: 2011, provides information about the relationship between the field of bachelor’s degrees, median annual earnings, and the likelihood of full-time employment...
The second report, Work-Life Earnings by Field of Degree and Occupation for People With a Bachelor’s Degree: 2011, explores the relationship between how far one goes in school and how much money one might make over the course of a 40-year career (from age 25 to 64). It goes into further detail for people whose highest degree is a bachelor’s by investigating how college major and occupation impact these work-life earnings. This is the first time the Census Bureau has ever analyzed work-life earnings by both field of degree and occupation.
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