Business majoring has a higher salary than other types of programs, according to a new report from the Georgetown University Center on Education and the Workforce.
The report, released today, found that most business programs lead to a middle-income income that is about 10 times the amount of student loan repayments two years after graduation. However, these programs have lower financial income than engineering, health and computer and information science programs.
Students with an associate’s degree in business have an average annual income of $ 30,000 two years after graduation after paying off their debts. Graduates with a bachelor’s degree in business earn an average of $ 43,200 after repaying a loan, and those with a master’s degree earn $ 51,600.
“Strong financial returns are good news for more than 700,000 graduates each year who follow the most popular field of study for undergraduate and postgraduate degree holders,” Anthony P. Carnival, author of the main report and Georgetown CW director, said in a press release. “This information will help potential students and their families determine the value of various business programs.”
The report ranks business programs based on their financial income. Associate degrees from Excelsior College in New York and Union County College in New Jersey, bachelor’s degrees from Bismarck State College in North Dakota, and postgraduate degrees from the University of Pennsylvania have higher incomes than their peers at their higher education levels. .
“Earnings at the degree, institution or program level and debt are just one aspect of the story. In a given business program at a given institution, students can earn significantly more or less than the general earnings of that institution or program,” said Ema Wenzinger, co-author of the report and Georgetown. CEW’s strategic communications expert said in the release.