Educators have been able, with certainty, to tell students that a college degree is worth the time and effort. Over a lifetime, a graduate with a bachelor’s degree is expected to earn 84% more than a non-graduate. But just how much is an engineering degree worth? Is it truly worth all the hard work and effort required, not to mention the expense? The answer is a definite yes, based on a new study from Georgetown University’s Center on Education and the Workforce.
The report, What’s It Worth? –The Economic Value of College Majors, examines 2009 census data disclosing median earnings for engineering and other college majors. The engineering major was the highest earning group, reporting a median annual income of $75,000 for workers with bachelor’s degrees in engineering. The next highest-earning-majors group was computers and mathematics, with a median annual income of $70,000.
The study also details findings on occupations; graduate degree earnings; unemployment by major; and results for gender, race, and ethnicity. The full report is available at http://cew.georgetown.edu/whatsitworth/. Below are median earnings for the engineering majors offered at Kansas State University.
Bette Grauer
Assistant Dean for Retention, Diversity, and Inclusion
