Washington, DC, June 28, 2022 (GLOBE NEWSWIRE) — Business is the most popular undergraduate and graduate major in the United States, but do business degrees pay off? A new report by the Georgetown University Center on Education and the Workforce (CEW) reveals the economic value of business programs is high compared to the financial returns from other programs, though not as high as returns associated with health, engineering, and computer and information sciences programs. The Most Popular Degree Pays Off: Ranking the Economic Value of 5,500 Business Programs at More Than 1,700 Colleges finds that while students’ earnings and federal student loan debt vary by institution and degree level, the majority of business programs lead to median earnings that are roughly 10 times students’ debt payments two years after graduation.
“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 Georgetown CEW Director Anthony P. Carnevale said. “This information will help prospective students and their families assess the value of various business programs.”
Two years after graduation, associate’s degree holders in business have median annual earnings of $30,000 after debt payments. The financial returns for a business degree rise to $43,200 after debt payments for bachelor’s degree holders and $51,600 for master’s…
