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The Most Popular Degree Pays Off: Ranking the Economic Value of 5,500 Business Programs at More than 1,700 Colleges

Authors :
Georgetown University, Center on Education and the Workforce
Carnevale, Anthony P.
Wenzinger, Emma
Cheah, Ban
Source :
Georgetown University Center on Education and the Workforce. 2022.
Publication Year :
2022

Abstract

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.

Details

Language :
English
Database :
ERIC
Journal :
Georgetown University Center on Education and the Workforce
Publication Type :
Report
Accession number :
ED624560
Document Type :
Reports - Research<br />Numerical/Quantitative Data