1 out of 4 bachelor degrees and nearly half of masters degrees have a negative ROI

Examples:

Boston University biochemistry degree

Present value of lifetime earnings with the degree: $1,881,894
Subtract present value of lifetime counterfactual earnings (incl. earnings while enrolled): $1,191,692
Subtract present value of tuition, fees, books, and supplies: $154,837
Return on investment (ROI) assuming on-time completion: $535,368

At one end of the spectrum, the bachelor’s degree in drama at the University of Southern California costs students over $160,000 over four years, but delivers earnings more than $10,000 per year below the counterfactual. As a result, I estimate that USC’s drama program has an ROI of negative $540,000.

I have a History degree and for the first 13 years post LSU graduation, it was definitely a negative ROI. I've since tightened up my career and make more now in a year than I did for the first 4 years combined. Bottom line: it's not the degree that you have as much as it's how you apply the knowledge and skills you obtain throughout your career. Just have to find the key knowledge points that you have and exploit them.

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I recommend all parents read this. We told our kids only five degrees are worth it - engineering, computer science, accounting, medical field, actuarial sciences.

In recent years, young Americans have expressed more skepticism about the financial value of higher education. While prospective students often ask themselves if college is worth it, this report shows the more important question is when college is worth it.

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Go get a trade, start a business within the trade. Be the boss and make money. It's much easier than wanting to be a white collar person.

0% of plumbers have a negative ROI on their OJT.

These fricking wealthy plumbers should be required to pay for student loan forgiveness.....it's only fair.

Signed,

A buncha purple haired gender studies Wokesters.

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1 out of 4 bachelor degrees and nearly half of masters degrees have a negative ROI

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The problem is >95% of HS students apparently don't know WTF ROI is

Not even sure about computer science. My daughter has been laid off twice as is currently without a job. She's taking courses to get certified in teaching computer science.

She got a great job at McKesson out of college. They asked her to train her replacements from India.

She can't even get an interview.

My other daughter has a master's in data analytics. She lost her job last year, and still hasn't found a job. She's looking at going back to college to do some sort of healthcare technician.

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engineering, computer science, accounting, medical field, actuarial sciences.

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Not sure you told you kids the whole truth.

Aerospace engineering was on the top five list of unemployable careers that someone posted here a couple months back. So not all engineering pays off.

And computers is one of the last remaining maverick industries in which you don't actually need a degree to thrive.

Medical field is too broad. If you want to become a cardiac surgeon, sure. If you want to be a primary care provider, you might find yourself making less money than an NP in some specialties. Again, like engineering, it depends.

I don't know enough about accounting or actuarial sciences to comment.

I have a degree in criminal justice (wanted to be a us marshall). After having that degree plus two combat tours as an infantryman in Iraq, I got out of the Army and entered the real world. I applied for a job requiring a bachelors degree in Criminal Justice and was offered $10 an hour. It was pretty embarrassing to go home and tell my wife how the interview went.

Needless to say I have been self employed and happy ever since. Frick that degree!

Brick and mortar universities days are numbered. They are an outmoded method of teaching and learning. They are nothing more than massively overpriced credential factories.

Oh God not this shite again.