CNN published a story about the Most Lucrative College Degrees base on a study by the National Association of Colleges and Employers. Of the top 15 careers, they all depend upon a strong background in mathematics and problem solving. Here are some key quotes from the article:
“Math is at the crux of who gets paid,” said Ed Koc, director of research at NACE. “If you have those skills, you are an extremely valuable asset. We don’t generate enough people like that in this country.”
“It’s a tech-driven world, and demand [for engineers] is only going to grow,” said Farnoosh Torabi, employment expert and Quicken blog editor. “You can’t say that about many fields, especially in a recession.”
There are far fewer people graduating with math-based majors, compared to their liberal-arts counterparts, which is why they are paid at such a premium. The fields of engineering and computer science each make up about 4% of all college graduates, while social science and history each comprise 16%, Koc noted.
As a result, salaries for graduates who studied fields like social work command tiny paychecks, somewhere in the vicinity of $29,000. English, foreign language and communications majors make about $35,000, Koc said.
“It’s a supply and demand issue,” he added. “So few grads offer math skills, and those who can are rewarded.”
Metroplex Math Circle 