Wall Street Journal posted data from the venerable Center on Education and the Workforce on earnings and unemployment by college major.
There is a relative floor at $40,000 with a wide variation of unemployment (poor clinical psychology). There is a negative correlation between earnings and unemployment rate, but it might be too presumptuous to presume that high-paying majors get their cake and eat it too. Depending on the methodology, the higher earnings might simply reflect the fact they have a job.
Of course, median earnings is only one dimension. Below shows a messy graph that also incorporates the first and third quartiles:
Similar data is also available for Iowa community colleges.
There are important threads in the data with are important to notice. The top 10 paying jobs are:
- Petroleum engineering
- Pharmacy/Pharmaceutical sciences & administration
- Mining and mineral engineering
- Naval architecture & marine engineering
- Nuclear engineering
- Mathematics and computer science
- Chemical engineering
- Electrical engineering
- Metallurgical engineering
- Military technologies