For today’s college graduates, “what you make depends on what you take,” advises Hard Times 2013, a new report by the Georgetown Center on Education and the Workforce. “Not all degrees are created equal.”
Overall, 7.9 percent of recent college graduates are out of work, but jobless rates are lower in health care, education, business and engineering fields, higher in non-technical majors such as the arts (9.8%) or law and public policy (9.2%).
• Even as the housing bubble seems to be dissipating, unemployment rates for recent architecture graduates have remained high (12.8%).
• People who make technology are still better off than people who use technology. Unemployment rates for recent graduates in information systems, concentrated in clerical functions, is high (14.7%) compared with mathematics (5.9%) and computer science (8.7%).
Median earnings among recent college graduates range from $54,000 for engineering majors to $30,000 for graduates who majored in the arts, psychology and social work.