BS Summary: This article contains 0 faulty reasoning types, including no named faulty reasoning patterns yet, with no single egregious example has been isolated yet. Analysis detected 0 faulty-reasoning hits from 746 analyzed words, generating a BS Score of 58.5% and a BS Rank of â 62% (5,790 of 15,051 articles). This article is worse (more manipulative) than 61.50% of the article peer group.
With college setting students back an average of $38,270 per year, young people today are banking on their college degree opening doors to more than house parties and sororitiesâspecifically, to top-paying jobs. But whether they succeed at this depends greatly on what they choose to study. Thatâs because one major study from the New York Federal Reserve shows that those wishing to earn the big bucks after college may want to consider studying some form of engineering. Even though it typically costs the same to study psychology as it does computer science, the research revealed 80% of the top 10 college majors with the highest incomes five years after graduation are engineering degrees, highlighting the trend toward technology industries in recent years. The New York Fed studied the labor market outcomes of college graduates depending on their majorâand computer engineering grads came out on top with an annual median salary of $80,000 within five years of tossing their graduation cap in the air. Those who studied liberal arts or humanities are earning half of what engineering grads take home Even within the field of engineering, not all degrees are equal. Those with more specialist engineering qualifications, like aerospace engineering, electrical engineering, and industrial engineering, end up earning slightly more than generalists. Meanwhile, the only non-engineering degrees to make the list are the engineering-adjacent computer scienceâwhich ranked third with a median early career wage of $80,000âand finance. Although the latter just about made the list at number 10, 22 to 27-year-old finance grads can still expect to take home an impressive $70,000 per annum. By contrast, those majoring in the liberal arts or humanities can expect to earn around half of those studying engineering. Within five years of graduating from college, theology and religion, performing arts and liberal arts gradsâwhich tied for the top spot of the major which pays the worst after collegeâearn $38,000 a year on average. Whatâs more, although previous research has shown that a degree in the medical field is generally the golden ticket to the big bucks , miscellaneous biological science, treatment therapy, and nutrition sciences are included on the list of low-paying majorsâall three pay early career starters up to $50,000. For context, the U.S. personal median income (which includes 15-year-olds and those without a degree at all) is $45,180 . Degrees that pay the most in the five years after college Computer engineeringâ$90,000 Chemical engineeringâ$85,000 Computer scienceâ$87,000 Aerospace engineeringâ$85,000 Electrical engineeringâ$82,000 Industrial engineeringâ$83,000 Mechanical engineeringâ$80,000 General engineeringâ$75,000 Miscellaneous engineeringâ$75,000 Financeâ$70,000 Degrees that pay the least in the five years after college Fine artsâ$45,000 Elementary educationâ$45,000 Early childhood educationâ$45,000 Biologyâ$45,000 Art historyâ$45,000 Anthropologyâ$45,000 Performing artsâ$44,000 Social servicesâ$43,000 Theology and religionâ$41,600 Pharmacyâ$40,000 Even if youâre studying engineering, donât set your standards too high Think an engineering degree at an Ivy League college will automatically make you successful? Think again. Although certain degrees may increase your odds of landing a high-paying job, donât bank on it; Nvidia cofounder Jensen Huang thinks setting your expectations too high at college actually makes it harder to succeed in the real world. âPeople with very high expectations have very low resilienceâand unfortunately, resilience matters in success,â Huang said during an interview with the Stanford Graduate School of Business . âOne of my great advantages is that I have very low expectations.â âI donât know how to do it [but] for all of you Stanford students, I wish upon you ample doses of pain and suffering,â Huang said. âGreatness comes from character and character isnât formed out of smart peopleâitâs formed out of people who suffered.â A version of this story originally published on Fortune.com on March 25, 2024 . Read more on careers from Fortuneâs Orianna Rosa Royle: Despite degrees being slammed as âuselessâ by Gen Z, data shows graduates have had the lowest unemployment rate of anyone for the last 20 years Ex-Facebook exec Sheryl Sandberg says the 10-year career plan is dead thanks to AI : âDonât script your career when the future is uncertain,â she warns Gen Z $7.2 billion AI CEO gets thousands of job applications a day but still canât find candidates with a strong work ethic Samsungâs UK exec admits work-life balance is a myth: âAnyone who tells you otherwise is either very lucky or not being entirely truthfulâ Arianna Huffington says, âIf you can finish everything before you go to sleep, you donât have an interesting enough jobâ This story was originally featured on Fortune.com
Speakers
Jensen Huang
Attribution is sentence-level. Pattern percentages are calculated only from words assigned to that voice.
Analysis
Hover over highlighted words in the article to view the associated bias or fallacy analysis.