Majoring in business has a high payoff relative to 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 median earnings that are about 10 times the amount of students’ loan debt payments two years after graduation. However, these programs have lower financial returns than engineering, health and computer and information sciences programs.
Students who earned an associate degree in business have median annual earnings of $30,000 two years after graduation after debt payments. Graduates with a bachelor’s degree in business earn a median $43,200 after debt payments, and master’s degree holders earn $51,600.
“Strong financial returns are good news for the more than 700,000 graduates each year who pursue the most popular field of study for bachelor’s and master’s degree holders,” lead report author and…