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Want to Earn an Extra Million Dollars? Choose Your Major Wisely

May 12, 2015

by Suada Kolovic

When choosing a major, most would agree that it's important to consider gaining lucrative employment following graduation. In a perfect world, the best college major would simply be the one that interests you most, period. But if you have a particular knack for math or science and aren't necessarily sure where those skills would translate best, consider the kinds of careers that could offer a generous return on your investment.

According to a new report from Georgetown University’s Center on Education and the Workforce, going to college pays off but by how much depends greatly on the area of study. For example, students who complete undergraduate degrees in petroleum engineering earn a median $4.8 million throughout their careers (or $136,000 a year) – more than triple the $1.4 million in median earnings (or $39,000 a year) for someone who majored in early childhood education, the report says. "The surprises are in the details," said Anthony Carnevale, director of the Center on Education and the Workforce. Just choosing a major in a STEM field doesn't secure a hefty paycheck, either: Carnevale's team found that biology majors have median annual wages of $56,000 over their careers from age 25 to 59, or about one-third less than physicists. There are also wide ranges in salaries for specific majors. The top 25 percent of earners who majored in finance can expect annual earnings of more than $100,000, while the bottom quartile may bring in just about $50,000 a year. (For more on this report, head over to the Wall Street Journal.)

Do you agree with the sentiment that majors that aren't in high demand should be avoided or should students be encouraged to pursue their passion regardless of potentially high unemployment rates? Let us know your thoughts in the comments section.

Going to college doesn't have to break the bank or saddle you with tens of thousands of dollars in student loan debt. Check out the Scholarships.com free college scholarship search where you’ll discover you qualify for hundreds of thousands of dollars in scholarships in just a few minutes, then apply and win! It’s that easy!

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Demand for College Degrees Grows, Study Finds

Sep 30, 2014

by Suada Kolovic

Reality check: For some students, heading off to college for four years isn't ideal. And while college isn't for everyone, an education should be. In order to stay competitive in the workforce, it's important to realize that there are opportunities in the form of both trade and vocational schools for students who don't see themselves attending classes on traditional college campuses...or are there?

According to a report by Boston-based labor analytics firm Burning Glass Technologies, more employers are demanding college degrees for positions that historically didn't require one. The shift is most significant for occupations traditionally dominated by workers without college degrees: For example, fewer than 20 percent of currently employed executive secretaries and executive assistants have bachelor's degree but now 65 percent of postings for such roles require the degree. Why? One reason may be that employers are requiring a bachelor's degree to narrow the applicant pool to a more manageable size. "For an individual employer, that may be an understandable step," said Matt Sigelman, CEO of Burning Glass Technologies, in a statement. "When everybody does it, however, this becomes a trend that could shut millions of Americans out of middle-skill, middle-class jobs." (For more on this study, click here.)

What are your thoughts on upcredentialing in the workforce? What problems do you see arising? Share your thoughts in the comments section. And don’t forget to fund your college education the right way – free! Create a Scholarships.com profile today and get matched with funding opportunities that are unique to you.

And don't forget, you should pay for your college education with as much free money as possible! Find as many scholarships and grants as you can before turning to student loans. Visit the Scholarships.com free college scholarship search today where you'll get matched with countless scholarships and grants for which you qualify, then apply and win! It’s that easy!

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Five Unique College Majors to Consider

Aug 5, 2014

by Suada Kolovic

If you're heading to college in the fall, you'll be faced with a serious decision in the coming months: choosing the right major for you. And while there are myriad factors to consider when making your decision, reviewing the most popular college majors and the majors with the highest earning potential aren't bad places to start. But for those of you interested in something unique, USA Today has complied the list for you:

  1. Puppet Arts, University of Connecticut: If you're interested in an undergraduate degree in puppetry, UConn is your only option in the U.S. Getting in might be tough – enrollment is limited to 22 students – but graduates have gone on to work and perform in theatres, television shows and films.
  2. Bakery Science and Management, Kansas State University: KSU offers the only bakery science undergraduate program in the nation and graduates can pursue several jobs within the business. The school's website says bakery students can prepare themselves for "administrative, research, production, and executive positions."
  3. Viticulture and Enology, Cornell University: Though it only recently became an official major, students in the school’s viticulture program typically go on to work in wineries all over the nation.
  4. Secular Studies, Pitzer College: Phil Zuckerman, the school’s founder of the Secular Studies program, explained the degree’s main focus is about understanding secularity, secularism and secularization and how they relate to religion.
  5. Canadian Studies, Duke University: Duke is one of the few colleges in the nation to offer such a program and it’s operated like most history tracks.

Would you consider any of these far-from-mainstream majors? Do you think said majors would translate into success in the real world? Share your thoughts in the comments section. And for more advice on how to choose a college major and 10 things to consider before finalizing your decision, check out Scholarships.com College Prep section.

And remember, there’s no need to rely on expensive student loan options to pay for your college education. For more information on finding free scholarship money for college, conduct a Scholarships.com free college scholarship search today, then apply and win! It’s that easy!

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Top 10 Worst College Majors

Jul 18, 2014

by Suada Kolovic

With recent college graduates facing an unemployment rate of 6.3 percent and substantially lower starting salaries, we have to ask: What path should students take in order to flourish after graduation? And while there isn't one direct route that translates into post-collegiate success, H&R Block has compiled the top 10 majors with the highest unemployment rates for recent college graduates:

  1. Anthropology & Archaeology – 10.5%
  2. Film/Video & Photographic Arts – 12.9%
  3. Fine Arts – 12.6%
  4. Philosophy & Religious Studies – 10.8%
  5. Liberal Arts – 9.2%
  6. Music – 9.2%
  7. Physical Fitness – 8.3%
  8. Commercial Art & Graphic Design – 11.8%
  9. History – 10.2%
  10. English Language & Literature – 9.2%

What are your thoughts on the majors that made the list? Do you agree with the sentiment that these majors that aren't in high demand should be avoided or should students be encouraged to pursue their passion regardless of potentially high unemployment rates? Let us know your thoughts in the comments section. For more information on how to choose a major,the most popular college majors and 10 things to consider before choosing your major, head over to Scholarships.com’s College Prep section.

And remember, there’s no need to rely on expensive student loan options to pay for your college education. For more information on finding free scholarship money for college, conduct a Scholarships.com free college scholarship search today, then apply and win! It’s that easy!

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STEM Graduates More Likely to be Employed...Just Not in STEM Fields

Jul 14, 2014

by Suada Kolovic

If you're a recent college graduate, chances are you're having a difficult time finding a full-time position in your field of study. It's nothing to be embarrassed about – times are tough and opportunities are slim – but you're not alone: According to new census data, though college graduates with degrees in science, technology, engineering or mathematics are more likely than other college graduates to have a job, most don’t work in STEM fields.

On Thursday, the U.S. Census Bureau's American Community Survey released data that showed nearly 75 percent of all holders of bachelor’s degrees in STEM disciplines don't have jobs in STEM occupations. Liana Christin Landivar, a sociologist with the Census Bureau, noted that the Census Bureau does not classify doctors as STEM professionals, which would also affect the overall percentages; she also said there are multiple reasons why students don't get STEM jobs. On a positive note, STEM degrees provide a wide range of career options, as students aren't shoehorned into one particular position. Anthony Carnevale, director of the Georgetown University Center on Education and the Workforce, said STEM degrees are becoming “universal degrees” and that the report is not an indication of an oversupply of STEM graduates. (For more on this survey, click here.)

Given the collective push across campuses nationwide to increase participation and graduation rates in STEM disciplines, have you been swayed into pursuing a STEM field? Would you accept an offer for a position that wasn't in your field of study? Share your thoughts in the comments section. And for tips on finding employment after college, building a resume and preparing for your first job out of college, check out Scholarships.com’s After College section.

Going to college doesn't have to break the bank or saddle you with tens of thousands of dollars in student loan debt. Check out the Scholarships.com free college scholarship search where you’ll discover you qualify for hundreds of thousands of dollars in scholarships in just a few minutes, then apply and win! It’s that easy!

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Class of 2008 Grads Doing Fine, Finding Employment

Jul 9, 2014

by Suada Kolovic

The Class of 2008 graduated college in the midst of the Great Recession but new government data show that in terms of employment, they're doing just fine.

The National Center for Education Statistics study entitled "First Look at the Employment Experiences and Lives of College Graduates, 4 Years On" surveyed 17,000 people who graduated in the 2007-2008 academic year. They found that of those graduates who were not enrolled in further postsecondary studies in 2012, 82.5 percent were employed; of those individuals, 84.5 percent were in one full-time job, 7.8 percent had one part-time job and 7.7 percent had multiple jobs. Anthony P. Carneval, director of Georgetown University's Center on Education and the Workforce, said the 2007-2008 graduates were "basically a step ahead of the storm," in terms of having jobs lined up before the recessions effects were felt. (Unfortunately, students who graduated in 2009 and 2010 were not so lucky.) You'll find several highlights from the study below but for a more in-depth look, click here:

  • Graduates who worked but had never gone on for more postsecondary education had held an average of 2.1 jobs in the years since graduation. Nearly 39 percent had held one job, while 11.4 percent had held four or more jobs.
  • On average, graduates who had not pursued further postsecondary education worked 84 percent of the months since graduating, spent 5.8 percent of those months unemployed and spent 10.2 percent of them out of the labor force.
  • Graduates who were not enrolled in a postsecondary program in 2012 and who had a full- or part-time job worked, on average, 41.2 hours a week in that job. Full-time workers earned an average annual salary of $52,200 and a median salary of $46,000. Part-time workers earned an average of $25,900 and a median of $20,200.

It's important to note that the study doesn't show whether graduates were employed in a field related to their studies, how student loan debt affected graduates' wealth or earning potential, or whether they sought financial support from family members. With that being said, what do you think of the findings? And to the recent college graduates, how is your job search going? Share your thoughts and experiences in our comments section!

And don't forget, you should pay for your college education with as much free money as possible! Find as many scholarships and grants as you can before turning to student loans. Visit the Scholarships.com free college scholarship search today where you'll get matched with countless scholarships and grants for which you qualify, then apply and win! It’s that easy!

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Starbucks Offers Employees Free College Tuition

Jun 16, 2014

by Suada Kolovic

Have you heard the one about the English major that was so unemployable that their only viable option was becoming a barista at the local Starbucks? Well, the joke's on you because starting this fall, Starbucks employees will be eligible for a free college education: According to reports, Starbucks is rolling out a program that would allow its workers to earn online college degrees at Arizona State University at a steeply discounted rate. Thanks a latte!

The new initiative will offer Starbucks' 135,000 U.S. employees who work at least 20 hours a week the option to graduate debt free from ASU with no requirement to repay tuition costs or stay with the company. Under this freshly-brewed program, employees will receive full tuition reimbursement if they enroll in ASU's online program as juniors or seniors; they can also pick from a wide range of educational programs that aren't related to their Starbucks work. And while it’s unclear how many employees with choose to participate in the new program or how much it will cost Starbucks Corp., the company isn't disclosing the financial terms of its agreement with ASU. In a news release, Starbucks CEO Howard Schultz talked about “the fracturing of the American Dream”, saying: “There's no doubt, the inequality within the country has created a situation where many Americans are being left behind. The question for all of us is, should we accept that, or should we try and do something about it?" (For more on this story, click here.)

Do you think this partnership between Starbucks and ASU is a step in the right direction? Would you consider working for Starbucks given the promising initiative? Share your thoughts in the comment section and for more info on how to fund your college education, head over to Scholarships.com.

Going to college doesn't have to break the bank or saddle you with tens of thousands of dollars in student loan debt. Check out the Scholarships.com free college scholarship search where you’ll discover you qualify for hundreds of thousands of dollars in scholarships in just a few minutes, then apply and win! It’s that easy!

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Top Cities for Recent College Grads

Jun 6, 2014

by Suada Kolovic

Attention recent college graduates: You CAN find a job in your field...it just might be overseas.

Based on the analysis of the migration patterns of LinkedIn members in 2013, there are 10 destination cities that most recent college graduates flock to after graduation. By examining the geographic movement of its members over the last year and taking into consideration every new position added to a user's profile between November 2012 and November 2013 (excluding movements that did not exceed 100 miles), LinkedIn ranked each destination city by “the percentage of movers who were recent graduates.” Check out the 10 cities with the highest percentages of recent college grads below:

  • Sao Paulo, Brazil – 34%
  • Bangalore, India – 34%
  • San Francisco Bay Area – 34%
  • London – 35%
  • Chicago – 38%
  • New York City – 38%
  • Madrid – 40%
  • Minneapolis-St. Paul – 40%
  • Washington, D.C. – 40%
  • Paris – 42%

For more on the methodology behind this study, head over to LinkedIn. And for more info on adjusting to life after college, check out Scholarships.com: We've come up with some resources to ease you into that transition with information on everything from becoming a young professional to deciding whether it makes financial sense to move out of your parents’ house and into your own place. Browse through our Life After College section to put your worries at ease!

Going to college doesn't have to break the bank or saddle you with tens of thousands of dollars in student loan debt. Check out the Scholarships.com free college scholarship search where you’ll discover you qualify for hundreds of thousands of dollars in scholarships in just a few minutes, then apply and win! It’s that easy!

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Report: Millions of Millennials Are Underemployed or Unemployed

May 20, 2014

by Suada Kolovic

It wasn't too long ago that the majority of Americans agreed that one had to pursue a college degree in order to succeed in the workforce. Unfortunately for millennials, the rate of success after obtaining said degree is no longer so intrinsically tied: According to multiple reports, millions of college graduates suffer a mismatch between education and employment and hold jobs that don’t require costly degrees.

Among recent college graduates ages 20 to 29, the Bureau of Labor Statistics reports unemployment stands at 10.9 percent, more than three points higher than in 2007. While a study from the Federal Reserve Bank of New York found that of those recent college graduates who have managed to find work, more than 40 percent hold jobs that do not require a college degree; more than 20 percent are working only part-time; and more than 20 percent are in low wage jobs. Canadian economists Paul Beaudry and David Green of the University of British Columbia and Benjamin Sand of York University have documented a declining demand for high-skilled workers since 2000. They say, "high-skilled workers have moved down the occupational ladder and have begun to perform jobs traditionally performed by lower-skilled workers ...pushing low-skilled workers even further down the occupational ladder and, to some degree, out of the labor force altogether." If correct, their work might just turn conventional wisdom on its head. (For more on this story, click here.)

Do you think that a college degree is necessary for gainful employment and upward mobility? If so, check out our college search tool to find detailed information on more than 7,000 colleges including admission statistics, tuition and fees, financial aid and scholarships, academic majors and more. Not sure where you want to go to college? Check out our College Matchmaker.

And remember, there’s no need to rely on expensive student loan options to pay for your college education. For more information on finding free scholarship money for college, conduct a Scholarships.com free college scholarship search today, then apply and win! It’s that easy!

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Ten Surprising Celebrity College Majors

May 16, 2014

by Suada Kolovic

Due to the stagnant economy, students are flocking to majors considered “safe” (economics, engineering and computer science) and steering clear of ones that develop creative thinking and imagination (the humanities). It makes sense: The objective after graduation is to obtain a lucrative career to pay for that prestigious college education and the best way to do that is to select a major where the potential for a generous return on your investment is high. Interestingly enough, that same thought process applied to some of our favorite A-listers way back when they were considering college majors! Don’t believe us? Check out some of the more surprisingly “safe” majors chosen by celebrities below:

If you’re struggling with choosing a major, head over to Scholarships.com’s College Prep section for tips on things to consider before making a definite decision. And while you’re there, we invite you to do a free college scholarship search to find financial aid opportunities that are tailored to you!

Going to college doesn't have to break the bank or saddle you with tens of thousands of dollars in student loan debt. Check out the Scholarships.com free college scholarship search where you’ll discover you qualify for hundreds of thousands of dollars in scholarships in just a few minutes, then apply and win! It’s that easy!

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