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I can understand this perspective, but sakky, demand isn't constant and in fact fluctuates for many reasons. Think of what the hot majors were 10 or 20 years ago. Think of where the most rapid expansion occured. Wasn't that expansion in the job market followed by a contraction? Demand at a given juncture in time hardly seems a stable enough basis for one's profession, especially in light of the fact that CS, engineering, nursing are all very specialized fields.
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<p>I agree that demand always fluctuates, but not by THAT much. In the last 25 years, engineering has always paid a better starting salary than an Art History degree has. I am willing to bet that this will be true for the next 25 years too. Yes, engineering will go through downturns, and Art History will go through upturns. But I doubt things would ever become so extreme to the point that Art History grads would be making more to start than engineers would. </p>
<p>The same could be said for things like nursing, accounting, and so forth. </p>
<p>Furthermore, nobody says that you HAVE to work as an engineer or a nurse or whatever it is that you majored in. I know plenty of enginering students who ended up taking jobs in management consulting or investment banking. In fact, it's become something of a running joke at MIT that the best engineering students will usually not take engineering jobs, but will instead run off to consulting or banking. I have heard the same thing happen at Stanford - many of the best Stanford engineering students end up in consulting and banking. I have heard of even more eclectic career choices. For example, I knowof one MIT engineering student who decided that she wanted to be a dancer and entertainer, even becoming a cheerleader for the San Francisco 49'ers for one season. </p>
<p>But the point is, engineering is an extremely flexible degree that allows you to do many things, and also gives you a 'backup career'. If they don't find some other job that they like better, they can just take a regular engineering job. For example, I know a number of MIT engineers who got job offers at places like HP and Dell but turned them down because they got investment banking offers on Wall Street. If they had not got those offers, then at least they could have taken those engineering jobs. They were never in any serious danger of having to end up taking a job at a restaurant because their engineering degree gave them a solid backup career. The same could be said for people getting degrees in nursing, accounting, and so forth. I know of a girl who got a degree in nursing from UPenn, and ended up taking a job in management consuting. </p>
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Furthermore, aptitude and interest are related. A nurse/nursing student who loves his studies/job, or an engineer/engineering student who loves her studies/job will excel at it simply because they are more willing to commit time and resources to it. They will be promoted more often, paid higher wages, and meet with greater success. Those who do not enjoy it, though they may demonstrate technical competence and ability, will do a mediocre job and be rewarded accordingly.
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<p>Yeah, but the same could be said for those less marketable majors. For example, one could say that somebody who really loves Art History ought to excel at it. Yet at the end of the day, this person may not be able to get a decent job and may indeed end up working at the mall. That's because there simply isn't much of a market for Art History graduates out there. Heck, there are plenty of people who get PhD's in Art History and can't find a decent job. If you can complete a PhD in something, then you obviously must be interested in the subject. Yet there really are people with PhD's out there driving taxis and working at the mall. Again, mostly it's those people who got PhD's in unmarketable subjects. People who get PhD's in engineering or business or computer science almost never end up working at the mall.</p>
<p>Even working as a mediocre engineer or a mediocre nurse or mediocre accountant is still better than working at the mall.</p>