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1 out of 4 bachelor degrees and nearly half of masters degrees have a negative ROI
Posted on 5/9/24 at 4:07 pm
Posted on 5/9/24 at 4:07 pm
LINK
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.
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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Posted on 5/9/24 at 4:10 pm to anc
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.
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.
Posted on 5/9/24 at 4:12 pm to anc
I can believe it.
Chick I tried to date had gone to a private college to study photography and came up short of graduation.
I found out down the road that a photography degree tends to get you LESS income than if you had just started on your own as an amateur.
Chick I tried to date had gone to a private college to study photography and came up short of graduation.
I found out down the road that a photography degree tends to get you LESS income than if you had just started on your own as an amateur.
Posted on 5/9/24 at 4:14 pm to anc
More:
Of all programs with data available, the highest-return degree is Princeton University’s computer engineering program, which boasts an ROI of $7.1 million. But Princeton’s computer engineering major also enrolled just two dozen students in the most recent academic year. While the degree offers exceptional value, only a select few students can access it.
Of all programs with data available, the highest-return degree is Princeton University’s computer engineering program, which boasts an ROI of $7.1 million. But Princeton’s computer engineering major also enrolled just two dozen students in the most recent academic year. While the degree offers exceptional value, only a select few students can access it.
Posted on 5/9/24 at 4:14 pm to anc
quote:
At one end of the spectrum, the bachelor’s degree in drama at the University of Southern California
Lol i point shite out like this all the time and people get mad.
Why did you go to a fricking private school to get a shite degree?
Posted on 5/9/24 at 4:15 pm to anc
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.
Posted on 5/9/24 at 4:16 pm to anc
Selfishly and for the good of the country I would like to see more conservatives in academia. If a conservative has a passion in a field I would like to see them get a PhD and teach at the university level.
Posted on 5/9/24 at 4:16 pm to dgnx6
Gal I know went to an Ivy for her undergrad and was going to a Research Triangle school for med school afterward. This became a problem when she never graduated med school and then had an expensive degree in basket weaving from an Ivy as her undergrad.
Posted on 5/9/24 at 4:16 pm to anc
quote:
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.
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.
Posted on 5/9/24 at 4:20 pm to anc
It’s kind of bizarre to compare drama at usc v biochem at BU. Why not compare both programs at USC. Hell compare ROI of any degree at USC at $65k/yr vs UCLA at $15k/yr in state or cal state Long Beach at $7k/yr in state.
Posted on 5/9/24 at 4:21 pm to anc
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.
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.
This post was edited on 5/9/24 at 4:23 pm
Posted on 5/9/24 at 4:21 pm to anc
Yea - don't lump science in with art.
Posted on 5/9/24 at 4:26 pm to anc
quote:The problem is >95% of HS students apparently don't know WTF ROI is
1 out of 4 bachelor degrees and nearly half of masters degrees have a negative ROI
Posted on 5/9/24 at 4:32 pm to anc
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.
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.
Posted on 5/9/24 at 4:33 pm to anc
quote:
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
I would imagine most people with a biochemistry degree go on to get a master's or doctorate, or go to medical school.
Undergraduate science degrees are pretty useless without getting an advanced degree to go along with it.
Posted on 5/9/24 at 4:36 pm to anc
quote:
We told our kids only five degrees are worth it - engineering, computer science, accounting, medical field, actuarial sciences.
Posted on 5/9/24 at 4:39 pm to teke184
quote:
found out down the road that a photography degree tends to get you LESS income than if you had just started on your own as an amateur.
USMC friend was a tank commander and he’s doing photography in NOLA and making $$ and his own hours,
He had zero formal training.
Posted on 5/9/24 at 4:40 pm to chili pup
quote:
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.
I love this board. 
Posted on 5/9/24 at 4:53 pm to Bass Tiger
quote:
0% of plumbers have a negative ROI on their OJT.
It reminds me of the old joke about a lawyer looking at a plumbers bill and commenting that the plumbers hourly rate was higher than his. The plumber respond that his hourly rate was lower back when he when was practicing law too.
Posted on 5/11/24 at 8:26 am to Red Stick Rambler
quote:
It reminds me of the old joke about a lawyer looking at a plumbers bill and commenting that the plumbers hourly rate was higher than his. The plumber respond that his hourly rate was lower back when he when was practicing law too.
These threads have popped up weekly for years. I’ve never seen one started by a tradesman trying to convince kids to skip college. They're all started by college grads trying to convince other people’s children to avoid college.
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