It is important to identify the college majors that might put you into a combination of low compensation and high unemployment.
Data from the Center on Education and the Workforce (CEW) at Georgetown University and American Community Surveys (ACS) from both 2009 and 2010 show that a student's choice of a college major can have a tremendous impact on their overall employment prospects and their lifetime earnings potential. Although the situation has sometimes been summed up as "what you make depends on what you take," that little rhyme is far more accurate than many young people might think, as so many American teens in college take only the classes that interest them, without thinking about what the long-term employment realities might actually be for certain academic pursuits.
Realizing that the choice of a college major can substantially affect your employment prospects and earnings is an undeniable reality these days, as certain college majors sometimes have more trouble in the labor force than workers who stopped studying after high school. As far as trends go, the data shows that while the arts and humanities may be interesting and entertaining, artistic majors are often terrible for your bank account. When one considers the time and expense of earning a college degree at today's high prices, forewarned is forearmed when it comes to identifying the college majors that can thrust you into a combination of low compensation and high unemployment. This is why it is extremely important to know if your choice of college major has the potential to improve your employment prospects and paycheck size, or if it is likely to result in an opposite scenario. An analysis of the jobless rates and salaries for graduates with the most common majors sheds new light on those that represent the worst values. Here is a look at several college majors that jumped out of the statistics columns and into the category of career-killers. The results include average unemployment rates, recent graduate employment rates, median salaries, median salaries for recent grads, and the unpleasant likelihood of ending up working in retail sales instead of in the chosen field of study. A retail ratio of 1.0 is considered normal and a ratio of 2.0 means a graduate is twice as likely to end up working in retail. Consideration of all the elements combined shows the following nine majors to be bad choices in general for a college student today: