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Sure, but would you classify majors like urban planning, international relations, politics, and business among these fields? A lot of people choose to pursue "good" majors. At the very least, they choose majors that provide them with a solid footing in math/statistics, writing, foreign languages, and so on.
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<p>All these majors are still rather low-paying, with the exception of business. For business, it depends strongly on the school you are talking about. Those who get undergrad business degrees at top schools like Wharton or Sloan do very well. But most business students go to no-name schools, and usualy wind up with not much . In fact, at many no-name schools, business is considered the 'easy' major filled with students who aren't particularly serious about studying. This is a big reason why at many of these no-name schools, the business major tends to attract a lot of the scholarship football and basketball players. A lot of these athletes aren't really serious about studying, for all they care about is making it to the pros. So they end up choosing a major that will allow them to stay academically eligible to play without a lot of work. Only a handful of college football players who are stars will choose to major in, say, chemical engineering. </p>
<p>Look, the truth is, certain majors are far more marketable than others. If you don't know what those majors are, well, you should find out. I think that's part of the job of a college student in choosing majors. The salary surveys are out there. CNN publishes them periodically. You can Google for them. Many colleges publish salary surveys of their particular majors (if not published online, then it is often times available in the career office in hard copy). It shouldn't be a surprise. After all, part of being a student is learning how to access information.</p>
<p>For example, here is the 2006 version of the CNN starting salary survey. I hope it doesn't surprise anyone that engineering pays better, on average, than the liberal arts do. This has been true for decades in the past, and almost certainy will be true for decades in the future. </p>
<p><a href="http://money.cnn.com/2006/02/13/pf/college/starting_salaries/index.htm%5B/url%5D">http://money.cnn.com/2006/02/13/pf/college/starting_salaries/index.htm</a> </p>
<p>Or consider these salaries for people holding just associates degrees. Note, these are not starting salaries, but rather average salaries (for people who have experience). Still, the fact is clear. Certain skills are far more practical and marketable than others. Vocational skills like health care, engineering, computers, and so forth, can land you a solid job. </p>
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A lot of majors have not traditionally been low-paying fields, but that is changing. The people who choose to major in them do not knowingly take a vow of poverty when they selected them.
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<p>I think right there is the main crux of our disagreement. I believe that a lot of people know exactly what they are getting into. If they don't, then they should know. After all, the information is freely available. All you have to do is search around on the Internet and look up salary information. Come on, these are supposed to be smart college students here, and they can't find information about salaries? </p>
<p>I agree with your general point that things will fluctuate. But they don't fluctuate THAT much. And furthermore, certain long term trends are quite clear. I am willing to be that 4 years from now, Chemical Engineers will still be making higher salaries than Art History majors will. It is true that oil will not stay at $70 a barrel (and much of ChemE employment is still based on the health of the oil industry), but even in the worst of times in recent memory (i.e. 1998, when oil plunged to $10 a barrel), chemical engineers were still making very good starting salaries. The price of oil is high today because of geopolitical tensions and because of burgeoning demand for oil from China and India. I am fairly certain that in 4 years, there will still be geopolitical tensions and there will still be a lot of demand from China and India. And in any case, even if the worst case scenario, it's hard for me to see how chemical engineers will end up making lower starting salaries than the Art History students will. Or the starting salary of the average liberal arts student, for that matter. </p>
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But the market for all but a handful of majors still stinks. So what is it?
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<p>Now, see, this I would vigorously dispute. But I suppose it's all relative. The truth is, the economy is white-hot right now. Employers are hiring like mad. The economy is booming at 4% growth right now, and adding about 200,000 jobs a month, and the unemployment rate is less than 5%, which is far below average. These are some of the highest growth rates in modern American history - and significantly higher than the average growth rate throughout history. Certain companies such as Microsoft, Google, and Apple have been hiring boatloads of people. In fact, high-tech in general, is back, with lots of Internet companies like Yahoo and Amazon adding lots of people. It's not the same as the bubble economy of the 1990's, but it's still a pretty good time to be in high tech. The consulting firms like McKinsey have been snapping up people left and right. Accounting firms have been snapping people up due to the need for more accountants to deal with Sarbanes-Oxley and other regulations. Oil companies have been hiring thousands of new employees to expand operations in the wake of $70 oil. Banks have been racking up record profits and are therefore hiring boatloads of new people. And then of course there is health care, which is arguaby the hottest field of all. It's not just doctors and dentists. Demand for nurses, pharmacists, physician's assistants, medical technicians, and so forth, is through the roof. </p>
<p>But even liberal arts students are benefitting. As can be seen by the survey, starting salaries for liberal arts students increased by more than 6% in a year. If the market really 'stinks', then why are these companies raising salaries for these guys? Are these companies being stupid by just throwing money away? </p>
<p>So I profoundly disagree with your assessment of a market that 'stinks' Right now, the market is far far better than average. If the market stinks now, then what would you have to say about the market during the downturn of 2001? Or the recession of 1990-1991? Or the deep recession (almost a mini-depression) of 1982-1983? </p>
<p>Look, my point is, people had to know that certain skills and fields, notably the technical fields and health-care fields, are more marketable than others. If you didn't know, then you should have known. For example, it's not that hard to punch up some salary surveys and see which college majors pay better. If you search around college internships and co-ops, you should have noticed that a lot of companies are looking for engineers, computer scientists, health-care workers, or things like that. For example, I strongly remember back in my school's college fair how an overwhelmingly disproportionate number of the recruiters were looking for engineers or CS people. My school didn't offer nursing, but if it did, I'm sure that a lot of recruiters would have come looking for nurses too. Correspondingly few recruiters were looking for liberal arts students, and those that were looking for them tended to be consulting or banking firms (and yet a lot of engineers got offers from these firms too). </p>
<p>I don't want to be harsh, but it's hard for me to sympathize with people who chose a less marketable major and then find out that they can't get a job. Why didn't you pick up some more marketable skills. I'm not saying that you necessarily have to major in engineering. Just pick up a marketable skill. For example, I know a guy who majored in English but fiddled with computers as a side hobby, and ended up getting a job as a computer programmer at a software company - and ended up becoming one of the top programmers in his company. The point is, you have to develop marketable skills.</p>