Is A Bachelors Degree Worth It
Is a Bachelor’s Degree worth it?
Deciding to go to college for a bachelor’s degree is a tough choice. It’s a big investment for most Americans and everyone wants to know whether it is worth it or not. The first thing you need to consider is what is driving your decision? Is it just because everyone else is going? Or is it because of all the good parties? Or just to get away from your family?
Featured Programs by Subject
What is the Starting Salary for a Bachelor’s Major?
When determining the worthiness of a bachelor’s degree, the major selection will potentially be the most crucial decision. This will end up deciding where and at what salary you start off in the job market. Take a look at the average starting salaries of class of 2012 graduates, by field of major:
Field of Major | Average Starting Salary |
---|---|
Engineering | $62,655 |
Computer Science | $59,221 |
Business | $53,900 |
Health Sciences | $49,196 |
Communications | $43,717 |
Math and Sciences | $42,471 |
Education | $40,668 |
Humanities | $36,988 |
*Source: US Bureau of Labor Statistics
Engineering majors started off with the highest salary in the market in 2012, whereas humanities and social sciences graduates were over $25,000 behind them. To enter a field, you typically need a bachelor’s degree in that specific area. Some employers, however, are willing to accept students with college education in other areas than the one they are applying to work in.
Where Can You Work with a Bachelor’s Degree?
The worthiness of your degree is directly related to the job prospects it generates for you. At the end of the day, you should be most concerned with the sort of jobs a particular degree might get you along with the work environment and career growth, job titles, descriptions etc. Let’s take a look at the type of jobs different majors might open up for you.
Top 6 Business, Financial Operations and Sales Bachelor’s-level Occupations
Occupation | Projected Job Openings, 2010-2020 | On-the Job Training | Work Experience |
---|---|---|---|
Accountants and Auditors | 452,100 | None | None |
Management Analysts | 274,300 | None | 1 to 5 years |
Market Research Analysts and Marketing Specialists | 191,800 | None | None |
Sales representatives, wholesale and manufacturing, technical and scientific products | 159,700 | Moderate-term | None |
Securities, commodities, and financial services agents | 133,700 | Moderate-term | None |
Financial Analysts | 104,200 | None | None |
*Source: US Bureau of Labor Statistics
The highest number of job openings for business, financial operations and sales occupations is for accountants and auditors. People in these jobs usually prefer working with numbers, people or both. Their organizational and analytical abilities help in their decision making and planning in the corporate sector.
Top 6 Education, training, and library bachelor’s-level occupations
Occupation |
Projected Job Openings, 2010-2020 |
On-the Job Training |
Work Experience |
---|---|---|---|
Elementary school teachers, except special education |
573,200 |
Internship/residency |
None |
Secondary school teachers, except special and career/technical education |
355,600 |
Internship/residency |
None |
Middle school teachers, except special and career/technical education |
249,300 |
Internship/residency |
None |
Special education teachers, preschool, kindergarten and elementary school |
113,300 |
Internship/residency |
None |
Kindergarten teachers, except special education |
79,300 |
Internship/residency |
None |
Special education teachers, secondary school |
51,100 |
Internship/residency |
None |
Education, training and library occupations are likely to have nearly 1.5 million jobs between 2010 and 2020. Individuals in these occupations tend to enjoy interacting with people, networking and instructing. They have good communication skills, critical thinking abilities, patience and creativity.
Top 6 Computer Science and Math bachelor’s-level Occupations
Occupation |
Projected Job Openings, 2010-2020 |
On-the Job Training |
Work Experience |
---|---|---|---|
Computer systems analysts |
222,500 |
None |
None |
Software developers, application |
197,900 |
None |
None |
Software developers, systems software |
168,000 |
None |
None |
Network and computer systems administrators |
155,300 |
None |
None |
Computer programmers |
128,000 |
None |
None |
Information security analysts, web developers and computer network architects |
110,300 |
None |
1 to 5 years |
Computer science and math bachelor’s level occupations will be about 1.1 million between 2010 and 2020. People who go for a major in this field are usually fond of analyzing and solving problems. Their technical ability and strong mathematical skills equip them with the skills necessary to perform well in their jobs.
Top 6 Arts, media and related bachelor’s – level Occupations
Occupation |
Projected Job Openings, 2010-2020 |
On-the Job Training |
Work Experience |
---|---|---|---|
Public relations specialists |
127,200 |
Moderate-term |
None |
Graphic designers |
123,800 |
None |
None |
Producers and directors |
49,700 |
None |
1 to 5 years |
Writers and authors |
47,600 |
Long-term |
None |
Interpreters and translators |
40,300 |
Long-term |
None |
Editors |
37,000 |
None |
1 to 5 years |
Art, media and related fields are typically considered to be creative and interactive. Jobs in this sector might require artistic or musical abilities along with good communication skills. It must be noted though, that people in this field tend to create their own unique career path, working for themselves. Writers, music designers and composers and authors are among occupations with a high percentage of self employment, as per BLS.
Top 6 Architecture and Engineering bachelor’s - level Occupations
Occupation |
Projected Job Openings, 2010-2020 |
On-the Job Training |
Work Experience |
---|---|---|---|
Civil Engineers |
104,400 |
None |
None |
Mechanical Engineers |
99,600 |
None |
None |
Industrial Engineers |
57,500 |
None |
None |
Architects, except landscape and naval |
50,900 |
Internship/residency |
None |
Electrical Engineers |
47,800 |
None |
None |
Electronics engineers, except computer |
40,600 |
None |
None |
People who pursue a career in the fields of architecture and engineering typically enjoy solving complex problems, math and analysis. Some occupations might require communication, project management, technical and creative skills as well. Job descriptions vary a great deal in this category, providing you with a variety of occupational requirements.
Top 6 Healthcare and community and social service bachelor’s-level occupations
Occupation |
Projected Job Openings, 2010-2020 |
On-the Job Training |
Work Experience |
---|---|---|---|
Child, family, and school social workers |
128,300 |
None |
None |
Clergy |
79,900 |
Moderate-term |
None |
Mental health and substance abuse social workers |
69,400 |
None |
None |
Medical and clinical laboratory technologists |
52,100 |
None |
None |
Directors, religious activities and education |
44,500 |
None |
1 to 5 years |
Probation officers and correctional treatment specialists |
37,300 |
Short-term |
None |
These healthcare occupations along with others in the field add up to a total of 533,000 jobs, according to BLS 2010-2022 forecast. People who work in this profession are typically fond of helping each other out. Good communication and interpersonal skills are an added benefit for most occupations in this field and are a requirement of a few. Critical thinking, problem solving and decision-making skills also come in handy for people related to this field.
Top 6 Life, Physical, and social science bachelor’s-level occupations
Occupation |
Projected Job Openings, 2010-2020 |
On-the Job Training |
Work Experience |
---|---|---|---|
Environmental scientists and specialists, including health |
43,200 |
None |
None |
Biological technicians |
37,900 |
None |
None |
Chemists |
29,900 |
None |
None |
Geoscientists, except hydrologists and geographers |
17,100 |
None |
None |
Survey Researchers |
9,900 |
None |
None |
Soil and plant scientists |
8,600 |
None |
None |
Between 2010 and 2020, the above occupations, along with others in the field are expected to have about 193,000 job openings. Professionals in this area of study usually enjoy research and problem solving. They require good critical thinking skills and the ability to work well as part of a team. The aptitude for math and other technical subjects is generally considered an added benefit.
What Makes a College Degree Worth it for you?
The decision regarding the worth of a bachelor’s degree involves taking a number of factors into account. Projected job openings, entry level jobs, starting salaries, work-life earnings and work environment matter a lot, but these are not the only things that matter. A worthy bachelor’s degree should help you in developing yourself along with your career, incorporating your interests with the academics and giving you a lot more than just monetary return.
States with the highest employment level in this occupation:
State |
Employment |
Employment per thousand jobs |
Location quotient |
Hourly mean wage |
Annual mean wage |
---|---|---|---|---|---|
California | 1660 | 0.11 | 1.26 | 18.13 | 37720 |
Florida | 1130 | 0.14 | 1.68 | 17.97 | 37370 |
Illinois | 960 | 0.16 | 1.92 | 17.9 | 37240 |
Texas | 760 | 0.07 | 0.78 | 16.62 | 34570 |
New York | 650 | 0.07 | 0.85 | 20.12 | 41840 |
Source: bls.gov