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ERIC Number: ED624560
Record Type: Non-Journal
Publication Date: 2022
Pages: 43
Abstractor: As Provided
ISBN: N/A
ISSN: N/A
EISSN: N/A
The Most Popular Degree Pays Off: Ranking the Economic Value of 5,500 Business Programs at More than 1,700 Colleges
Carnevale, Anthony P.; Wenzinger, Emma; Cheah, Ban
Georgetown University Center on Education and the Workforce
Majoring in business typically pays off. While graduates' earnings and federal student loan debt vary by institution and degree level, the majority of business programs lead to median earnings that are roughly 10 times graduates' debt payments two years after program completion. "The Most Popular Degree Pays Off: Ranking the Economic Value of 5,500 Business Programs at More Than 1,700 Colleges" finds that the economic value of business programs is high compared to the financial returns from other programs, though not as high as returns associated with health, engineering, and computer and information sciences programs. Two years after graduation, associate's degree holders in business have median annual earnings of $30,000 after debt payments. The financial returns from a business degree rise to $43,200 after debt payments for bachelor's degree holders and $51,600 for master's degree holders.
Georgetown University Center on Education and the Workforce. 3300 Whitehaven Street NW Suite 5000 Box 571444, Washington, DC 20057. Tel: 202-687-4922; Fax: 202-687-3110; e-mail: cewgeorgetown@georgetown.edu; Web site: http://cew.georgetown.edu
Publication Type: Reports - Research; Numerical/Quantitative Data
Education Level: Higher Education; Postsecondary Education
Audience: N/A
Language: English
Sponsor: Lumina Foundation; Bill and Melinda Gates Foundation; Joyce Foundation; Annie E. Casey Foundation
Authoring Institution: Georgetown University, Center on Education and the Workforce
Grant or Contract Numbers: N/A