These Are The Highest Paying College Majors for Millennials [US EDUCATION IS GREAT!!]

Investors Business Daily ^ | 2/17/2016 | PAUL KATZEFF

[expat_panama]

Millennials are in better shape financially than you might think. The situation is especially sunny for college grads.

After their wages declined in several calendar years since 2002, millennial college grads saw wage hikes in 2014 and 2015.

Also, their unemployment rate has trended lower since March 2011.

In fact, the key economic divide is not between millennials and older workers. It is between millennial college grads and those without a degree, according to new data from the Federal Reserve Bank of New York.

Altogether, this provides degree-holding millennials with much sounder financial planning prospects in general and retirement planning in particular.

In addition...

...The conventional wisdom says millennials of all stripes suffer from high unemployment and low pay. You know the image: They live in their parents' basements, and the lucky ones hold part-time jobs as coffee shop baristas. But that's not true for millennials who hold college degrees.

Millennial bachelor-degree holders aged 22 to 27 earned a median wage of $43,000 last year. That was up from $39,992 the year before, and marked the second straight year their median wage rose...

...people in that age group without degrees have seen their median wages trend lower since 2009.

And young college grads are also doing better when it comes to landing jobs. Both they and their non-degreed age group have seen their respective jobless rates move lower in recent years.

But unemployment among millennials with degrees is now much lower...

...The overall median wage for workers between 22 and 27 with a degree was $38,000.

The next four majors: general engineering, at $55,000; computer science, $54,000; miscellaneous engineering, $52,000; and business analytics, $50,000.

At the bottom of the New York Fed's list of 73 majors: family and consumer sciences, earning just $28,400.

[expat_panama]

 

Rush is wrong about U.S. education and college degrees. He's also wrong about raising kids --something else he's never done but spouts off about all the time but I digress.

Even while he carries on about why U.S. education is worthless (sadly followed by too many unthinking Freepers) the market place begs to differ and now we got hard numbers to show it [click to enlarge]

Yeah, I know that the feeble rationalization follows that "well maybe college is ok but U.S. gradeschool/highschool sucks".  Think.  U.S. college grads can not become U.S. college grads w/o first becoming U.S. gradeschool/highschool grads.

Incidentally, that's something uniquely superior about U.S. education (along w/ a lot of other things), it's the fact that most Americans go on to College.  At least some college.  Even Rush went on to college.

Something else to remember is that most U.S. education is privately run.  A good fer instance is the EIB University which (imho) is first rate.  
 

[Herzo61]

I’ve got one EE and one ME - I guess I can retire!!
Oh wait, I already have :)

[Chode]

odd i don't see any angry colored trans-what-evered lesbian faggot studies jobs on the list...

[AppyPappy]

That’s because Sanders doesn’t pay a living wage to his campaign workers

[BlackAdderess]

Yay! Both my majors made the list :)

[expat_panama]

HAPPY FOLLOW THRU DAY!!!  Yes, the headline is  "NASDAQ Stages Follow-Through" and we're now officially in a 'confirmed uptrend.  Scoff if you wll but these are the times that the experienced traders say "hold your nose and buy". 

Futures trades agree as they're entusiastically up +2.11% for stock indexes  --up +4.76% for 'energies'!!, and even metals are (tho less frantic) seeing +0.53%.

On top of all that, it's "claims day":

8:30 AM Initial Claims
8:30 AM Continuing Claims
8:30 AM Philadelphia Fed
10:30 AM Natural Gas Inventories
11:00 AM Crude Inventories

Also:

You'd Notice if Apple Disappeared, Not the TSA - Kevin Williamson, NRO
Apple Shouldn't Put Profits Above the Law - Sen. Richard Burr, USA Today
AAPL Stance Highlights More Confrontational Tech - Farhad Manjoo,NYT
Trump and Sanders Killing the Market? Naaah - Barry Ritholtz, Bloomberg
What Oddly Strong DJ Transports Say About Stocks - Mark Hulbert, MW
Bearish Sentiment Has Been Cocktail for a Rally - Doug Kass, Kass' Korner
Robot Calls Market Better Than Human - Redmond/Hasegawa, Bloomberg
Negative Rates: Giant Fiscal Failure - Ambrose Evans-Pritchard, Telegraph
The Growing Power of the Federal Reserve - Timothy Shenk, The Nation
Kill Dodd-Franks Bad Rules, Not the Banks - Editorial, Investor's Business
How Much Tax Does Bernie Want You to Pay? - Chris Matthews, Fortune
Hey Obama, For Most of Us Economy Is Still Weak - Stephen Moore, RCM

[Travis T. OJustice]

The entry for civil engineers is low by at least 10% starting pay and low by about 50% for experienced engineers.

[sphinx]

No one argues that U.S. education is generally worthless. We have many high performing schools. These include both public and private schools, and homeschoolers. BUT: we also have far too many schools that are educational disaster zones. These are disproportionately concentrated in, but not limited to, schools in urban low income black and Hispanic communities. There is also a widespread acceptance of mediocrity among too many schools in middle and working class communities. This is first and foremost a human problem. It also contributes to our social and racial issues. Last but not least, it compounds our urban policy problems, as crummy schools drive middle class flight and defacto redlining of otherwise viable neighborhoods by middle class parents.

[expat_panama]

Yay! Both my majors made the list :)

...got one EE and one ME - I guess I can retire!!  Oh wait, I already have :)

Maybe I misspoke about how it seems we got a lot of anti-education freepers, my thinking now is that those were just the loud ones that we're hearing from and the rest of us in the majority are doing just fine thankyou...

[Chode]

heh heh heh heh...

[central_va]

You can blame H-1Bs for wage suppression of Computer Science. Comp Sci should be at the top if supply and demand wasn’t altered by the flood of H-1b visas.

[miss marmelstein]

Let the engineering graduates begin bragging!!!!

Le’s put down those art degrees, English lit degrees, Philosophy degrees DOWN!!!! Yah!!!

[VTenigma]

I have an EME and 6 months out of college he’s right at the top of the chart.

[poobear]

I have an ME too.
I’ll meet you at the golf course!

[Herzo61]

I was referring to my sons (EE & ME)— now they can support me :)

[The_Reader_David]

Yes, American higher education still leads the world: six of the top 10 universities and 14 of the top 20 in the Times Higher Education Ranking are in the U.S. (The top 10 are rounded out with 3 in the UK and one in Switzerland, in the top 20 add another in the UK and one in Canada.) The Shanghai rankings give only Oxford and Cambridge as non-US universities in the top 10, and 16 of the top 20 being US. Students from all over the world come to the US for graduate school in almost every discipline, and if their parents are well-heeled enough for undergraduate studies as well.

But, American K-12 education really is terrible. Those of us who teach at American universities with world rankings in the 80th to 800th (or 80th to 500th)* range see how innumerate, and if not illiterate, at least incapable of writing well-constructed, rhetorically sound prose, American students are when they leave high school. And, no, the university I teach at does not admit large numbers of students from the urban underclass. We have to reteach adding fractions to some wannabe engineers and many, perhaps most, elementary ed majors.

*I picked 80th because it was the first round number after all the Ivies in both rankings and the vast majority of state universities in the US are ranked below 80th — those ranking higher are all in states where any commitment to “open admissions” is system-wide and are the campuses that get to pick and choose their undergraduates.

[expat_panama]

...entry for civil engineers is low by at least 10% starting pay and low by about 50% for experienced engineers.

Not sure where you got that, what I saw is median CE's start at $50k and jump to $86k in a decade, contrast that to a college grad average of $38k to $62k while a non-grad gets $28k and stays there only if he's lucky.

[expat_panama]

American higher education still leads the world...   ...But, American K-12 education really is terrible.

That's what everyone says and everyone's crazy.  Reality is that virtually all higher ed grads first got one of those "terrible" American K-12 educations.

[tbpiper]

these are the times that the experienced traders say "hold your nose and buy"

That would be a bit more encouraging if it said "successful traders" rather than "experienced traders".

[x_plus_one]

The list has no degree info for medical specialties like xray or nuclear medicine which are undergrad programs and pay well.