Many elite universities (e.g., Harvard) do not offer undergraduate business degrees, and, consequently, economics is a popular choice for a major:
The 3 most popular majors at every Ivy League school
https://www.businessinsider.com/most-popular-ivy-league-major-2017-4
The 3 most popular majors at every Ivy League school
https://www.businessinsider.com/most-popular-ivy-league-major-2017-4
The most-regretted (and lowest-paying) college
majors
https://www.washingtonpost.com/business/2022/09/02/college-major-regrets/
https://www.washingtonpost.com/business/2022/09/02/college-major-regrets/
Will that college degree pay off? A look at some of the numbers.
Is College Worth It? A Comprehensive Return on Investment Analysis
https://freopp.org/is-college-worth-it-a-comprehensive-return-on-investment-analysis-1b2ad17f84c8
“The median bachelor’s degree is worth $306,000 for students who graduate on time. But the median conceals enormous variation. Some fields of study, including engineering, computer science, nursing, and economics, can produce returns of $1 million or more. Others, including art, music, religion, and psychology, often have a zero or even negative net financial value”.
“The median bachelor’s degree is worth $306,000 for students who graduate on time. But the median conceals enormous variation. Some fields of study, including engineering, computer science, nursing, and economics, can produce returns of $1 million or more. Others, including art, music, religion, and psychology, often have a zero or even negative net financial value”.
https://cew.georgetown.edu/cew-reports/valueofcollegemajors/
The Most Predictive Factors of Post-Graduation Wages
https://www.theatlantic.com/education/archive/2017/01/the-most-predictive-factor-of-post-graduation-wages/514286/
https://www.theatlantic.com/education/archive/2017/01/the-most-predictive-factor-of-post-graduation-wages/514286/
These are the highest-paying college majors, 4 years after graduation—many pay over $100,000
https://www.cnbc.com/2023/05/16/the-highest-paying-college-majors-4-years-after-graduation.html
Related:
https://www.theheagroup.com/blog/college-majors-worth-it
Highest Paying Jobs With a Bachelor’s Degree
https://www.cnbc.com/2023/05/16/the-highest-paying-college-majors-4-years-after-graduation.html
Related:
https://www.theheagroup.com/blog/college-majors-worth-it
https://www.visualcapitalist.com/visualizing-salaries-college-degrees/
https://www.payscale.com/college-salary-report/majors-that-pay-you-back/bachelors
https://www.payscale.com/college-salary-report/majors-that-pay-you-back
https://www.payscale.com/college-salary-report/majors-that-pay-you-back/bachelors
https://www.payscale.com/college-salary-report/majors-that-pay-you-back
Bleemer, Zachary, and Aashish Mehta. 2022. "Will Studying Economics Make You Rich? A Regression Discontinuity Analysis of the Returns to College Major." American Economic Journal: Applied Economics, 14 (2): 1-22.
https://www.aeaweb.org/articles/pdf/doi/10.1257/app.20200447
https://www.aeaweb.org/articles/pdf/doi/10.1257/app.20200447
To make money, study Math or Economics at a top university
College majors affect more than just average earnings
https://cepr.org/voxeu/columns/college-majors-affect-more-just-average-earnings
The Returns to College Major Choice: Average and Distributional Effects, Career Trajectories, and Earnings Variability
https://www.nber.org/system/files/working_papers/w30331/w30331.pdf
There is a growing body of research examining the labor market returns to college major, motivated by the large returns to skill in the labor market. Prior research has focused almost exclusively on mean effects and has paid little attention to the role of earnings growth and variability. Using linked administrative data from Texas on public K-12 students followed through college into the labor market, we find that the focus on mean differences mask four important features of the returns to college majors. First, majors are associated with varying earnings growth, which makes the returns sensitive to the experience distribution of the sample analyzed. Second, average earnings effects vary across workers; quantile treatment effect estimates show that mean effects mask considerable effect heterogeneity. Third, major choice affects earnings variability within workers over time. College major effects on earnings and variability are negatively correlated; high return majors also have more stable earnings. Finally, there is substantial variation in returns across specific majors within aggregate major groups and across institutions. This variation suggests that estimate of returns to college major are sensitive to how majors are aggregated and the composition of institutions in the sample.
https://cepr.org/voxeu/columns/college-majors-affect-more-just-average-earnings
The Returns to College Major Choice: Average and Distributional Effects, Career Trajectories, and Earnings Variability
https://www.nber.org/system/files/working_papers/w30331/w30331.pdf
There is a growing body of research examining the labor market returns to college major, motivated by the large returns to skill in the labor market. Prior research has focused almost exclusively on mean effects and has paid little attention to the role of earnings growth and variability. Using linked administrative data from Texas on public K-12 students followed through college into the labor market, we find that the focus on mean differences mask four important features of the returns to college majors. First, majors are associated with varying earnings growth, which makes the returns sensitive to the experience distribution of the sample analyzed. Second, average earnings effects vary across workers; quantile treatment effect estimates show that mean effects mask considerable effect heterogeneity. Third, major choice affects earnings variability within workers over time. College major effects on earnings and variability are negatively correlated; high return majors also have more stable earnings. Finally, there is substantial variation in returns across specific majors within aggregate major groups and across institutions. This variation suggests that estimate of returns to college major are sensitive to how majors are aggregated and the composition of institutions in the sample.
Half of College Grads Are Working Jobs That Don’t Use Their Degrees
https://www.wsj.com/lifestyle/careers/college-degree-jobs-unused-440b2abd
Choice of major, internships and getting the right first job after graduation are critical to career paths, new data show
Talent Disrupted
http://stradaeducation.org/report/talent-disrupted/
College Graduates, Underemployment, and the Way Forward
https://www.wsj.com/lifestyle/careers/college-degree-jobs-unused-440b2abd
Choice of major, internships and getting the right first job after graduation are critical to career paths, new data show
Talent Disrupted
http://stradaeducation.org/report/talent-disrupted/
College Graduates, Underemployment, and the Way Forward
The Future of Jobs Report 2023
https://www.weforum.org/publications/the-future-of-jobs-report-2023/digest/
https://www.weforum.org/publications/the-future-of-jobs-report-2023/digest/
Make sure your brain has a diverse portfolio too
https://www.ft.com/content/e8a77da0-65fa-48b2-984f-15558a8e8700
Students find shelter from the AI storm by taking joint degrees that help make them adaptable to a shifting jobs market
Do Double Majors Face Less Risk? An Analysis of Human Capital Diversification
https://www.nber.org/papers/w32095
The Private and Social Benefits of Double Majors
https://www.cambridge.org/core/journals/journal-of-benefit-cost-analysis/article/private-and-social-benefits-of-double-majors/CD1696DBF93DEFE3C2D3A759D6F0895B
Double your major, double your return?
https://doi.org/10.1016/j.econedurev.2007.03.001
https://www.ft.com/content/e8a77da0-65fa-48b2-984f-15558a8e8700
Students find shelter from the AI storm by taking joint degrees that help make them adaptable to a shifting jobs market
https://www.nber.org/papers/w32095
https://www.cambridge.org/core/journals/journal-of-benefit-cost-analysis/article/private-and-social-benefits-of-double-majors/CD1696DBF93DEFE3C2D3A759D6F0895B
https://doi.org/10.1016/j.econedurev.2007.03.001