There is no doubt that a college degree increases earning potential and broadens opportunities for individuals in today’s workforce. However with the cost of education increasing faster than inflation and the economy remaining relatively weak, it makes sense to carefully consider which degrees are worth your time and money. When it comes to return on investment (ROI), not all degrees are considered equal.
Money isn’t everything. A lot of people work jobs with low pay and have great and fulfilling careers. But as the cost of education increases, it’s important to know if you’ll get your money’s worth. This article highlights eight college degrees with poor ROI based on calculations from salary.com, which used recent College Board figures of $37,343 as an average cost of a four-year public liberal arts degree, and $121,930 for degrees earned at four-year private colleges.
Under each of the following degrees, there will be listed three jobs commonly held by individuals with that degree, what he/she would make over the course of 30 years, and the ROI based on attending a public or private college: