When Rui Ming Yu first applied to university five years ago, he considered studying history, art or design. However, when Stockton residents signed up for UC Davis, he changed his mind and chose Biology, a common premed major. He reasoned that medical jobs pay well.
However, during his first year, after considering his lack of interest in certain necessary courses such as chemistry, and the time and money he would need to invest in his years of schooling to become a doctor, Yu switched his focus again.
“For me, what I look forward to studying at university and earning a good salary after graduation was finding something in college,” he said on Saturday, graduating with a major in mechanical engineering and a minor in electrical engineering, and then working for a medical device company in the Gulf region of San Francisco.
“My parents have sacrificed me to come to America and I have sacrificed this opportunity, so I have to make the right decisions for my future,” said Yu, the son of Chinese immigrants and the first to attend university.
As new graduates enter the job market and the new generation of students behind them prepare to begin their college journeys, the survey shows an increasing employment and salary outlook that goes against the high costs of higher education.
Not all research areas are created equally in terms of payment.
The Federal Reserve Bank of New York used US census data to calculate early and intermediate wages for university graduates this year, as well as median wages by majors.
Of the 10 majors with median early career income, eight were involved in engineering. The other two were physics and computer science, which was the highest early career salary of $80,000.
Mid-career wages followed some of the same patterns, but the other two majors also appeared in the top 10. Finance and economics. Seeing the top 15 majors in mid-career wages, mathematics and international issues has also been reduced along with information systems management.
Minimum rate majors from school: $40,000 in foreign languages, education degrees aren’t too late. Half of the 10 worst payment majors for those in the middle of their careers focused on education, reflecting the low wages of education jobs in the US
The analysis counted “early careers” as graduates between the ages of 22 and 27, and “midcares” as between 35 and 45.
The University of California data Yu attended is even more promising.
Approximately 60,000 undergraduates graduate across campus each year, with over two-thirds of whom graduate without debt. Of 70% of graduates working in California, median revenues tend to be higher than national figures within two years.
In computer science, the median income is $101,600. In engineering, it costs $84,000 compared to $70,000 to $80,000 nationwide for different types of engineering degrees. Certainly, the cost of living and wages overall tend to be higher in the state as well.
“Students are increasingly considering the value of postsecondary education,” said Michael Itzkowitz, founder and president of HEA Group, a CONSULTING COMPANY that focuses on university values, which researches how quickly students can recover education costs.
An October report from the Auckland-based College Futures Foundation and HEA Group found that university degrees’ “refund of investment” was also the highest in computer science, engineering and healthcare. Nursing also won over $100,000 after five years of alumni of the Community College Program.
The study looked at 260,000 alumni who received federal financial aid and enrolled in 2,695 undergraduate certificates, associate degrees and bachelor’s degree programs at 324 California.
“In the past 20 years, university tuition and fees have risen exponentially, and we have come to think about whether post-secondary education is worthwhile,” Itzkowitz said. “In the end, they need a strong income to ensure it’s rewarded.”
Through scholarships and financial aid, YU agrees with feelings, but is a debt-free graduation.
“To me, getting a job was a big deal,” Yu said. He said he was either denied or did not respond from some jobs after starting his application in January. “Even with the right major and internship, it’s not easy.”
Nationally, the recent unemployment rate among university graduates is 5.8%. This is an overall percentage of 4.2%, an unusually large gap. The recent percentage of alumni is the highest since 2021.
“Starting in the workforce is already intimidating, and stacking economic instability can easily lead to feelings of stress and disappointment,” says Courtney Aleff, a consumer finance advocate at Credit Karma. The group recently released the results of a survey conducted by Harris’ poll. This found that a fifth of Gen Z members were worried about finding work after graduation, but said the quarter was losing hope after seemingly endless applications and interviews.
Peter Leonid, a graduate of San Diego, California, a dual major in sociology and education sciences and minors in community services, said he empathized with students’ concerns about entering the sometimes low-paid, challenging job markets.
“My peers always have this frustration that just because you went to college and earned your degree doesn’t mean you get a job,” said Leonid, who grew up in the Westlake area. “There’s a lot of responsiveness in the story of getting an education guaranteed work from college, but that’s something we’re very suspicious.”
His major is one of the lowest payments for early and intermediate professionals with university degrees. But that doesn’t stop him.
“In spite of the dialogue about its value, university education is important,” said Leonid, who was accepted into UCLA’s two-year master’s program while working in the Los Angeles Unified School District and in a two-year master’s program at UCLA.
“University education teaches you to think critically. Education should be transferable, but if you don’t have the ability to critically think that it lacks part of why it is so important,” said Leonid, who plans to teach English and ethnic studies. “And that exposes you to different groups of people outside of your bubble and different perspectives.”
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