Choosing a college major is not always easy. There are so many different factors involved. And according to a recent study, your major mattersâ€”especially when it comes to determining your future salary (see related infographic). On the other hand, you should choose a major that you enjoy and that matches your skill set; you want to get good grades, after all. How, then, do you choose the college major that is right for you?
What’s the value of your degree in dollars? Does your major matter? According to a recent study conducted by Georgetown’s Center on Education and the Workforce, yes, your major mattersâ€”majorly. The study, which is based on newly-released 2009 Census Bureau data, ties salary data to undergraduate majors across a person’s lifetime. And while it’s no shock that bachelor’s degree-holders earn more than those with only high school diplomas, the report shows that there’s a huge income gap between the highest- and lowest-earning majors. Also surprising is the lack of correlation between the highest-earning majors and those majors that are the most popular.