Black and Hispanic students disproportionately earn more bachelors degrees in low-paying majors, putting them at higher risk for financial instability after graduation, according to a new study from Young Invincibles, an advocacy group.
The study identified the highest-paying and lowest-paying majors using data from the Education Department and Payscale. The highest-paying majors through mid-career were primarily in science, technology, engineering and math-related fields, while the lowest were in law enforcement, education and professional studies.
Researchers found blacks are over-represented in four of the six lowest-paying fields; the same is true for Hispanic students in three of the six majors at the bottom of the income ladder. Starting salaries in low-paid majors are about $35,000 a year and barely grow to $55,000 within 10 or 15 years into a career. By contrast, students with STEM degrees start out making at least $50,000 and can reasonably expect to make more than $75,000 by the middle of their careers.
Posted by The NON-Conformist