Most people in this day and age agree that going to college is a good thing, but the practical, fiscal value of a college education has long been harder to pin down. Can you earn money with an English degree? Do you really set yourself back by only going to a two-year school? Didn’t Bill Gates drop out of Harvard?
The Census Bureau released figures today which found that yes, a college education does pay off, but more so in some fields and education levels than others. Some of the winners included computer degrees, and they don’t mean bachelor- or graduate-level ones. Individuals with associate’s degrees in computers averaged an income of about $3,760 a month, about the same income as those with B.S. degrees in education or social science.
Vocational certificates in engineering also paid off well, an average of about $3,880 a month, or nearly the same as four-year degrees in natural sciences.
But it was B.S. degrees in engineering paired with MBAs (advanced business degrees) that really paid off, earning an average of $5,992 a month.
“They make so much more money than others than even someone lower level engineering or computer degree will make just as much as one with a four-year bachelor degree in other fields,” a Census Public Information Office spokesperson told eWEEK.