Welcome to the Profit of Education website. Continuing the conversation begun in the book Profit of Education, we discuss the latest economic evidence on education reform.

Salaries by major

Prospective salaries aren’t the only reason for choosing a major in college, but I suspect pay matters–don’t you? And do you think students considering an education major can look forward to a nice salary?

I’ve made a little chart showing relative salaries by major. The data is from the Baccalaureate and Beyond study, looking at salaries for full-time workers 10 years after their 1993 college graduation. I’ve used regression analysis to control for college grades (which don’t matter) and SAT scores (which do). So think of the salaries comparing salaries across major for an average student, in other words excluding the effect of more able students going into some majors and less able students going into others.

salaries by majorBet you didn’t need my little red arrow to guess which major ends up with the short end of the stick.

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