STEM rules

Science and math mastery lead to money, according to this Live Science infographic.

About Joanne

Comments

  1. SuperSub says:

    The new economy in America is heavily STEM, so its obvious that these majors would lead to the best salaries…

  2. Soapbox0916 says:

    So this is based on full-time, full-year workers with a terminal bachelor’s degree?

    Well I have a STEM bachelor’s degree, but I work in a non-STEM field, so I wonder where I would get counted, if at all. Actually since I also have a master’s, I would not get counted anyway since I don’t have a terminal bachelor’s degree. I also know quite a few people with only trade type certificates that make way more than me, so I question the validity of only looking at bachelor degrees.

    STEM jobs are very scarce locally. I would have to move far away from my family to get a STEM job right now and I would have to be paid a whole lot of money to make it worth my while, so I actually choose to make a lot less to be able to live near my family. STEM jobs don’t seem to be as evenly spread out as say education or business. STEM jobs barely even exist where I live. To make it worse, getting a non-STEM job with a STEM degree can be difficult because most HR departments don’t seem to understand transferable skills with STEM. I have seen almost all of my STEM degree friends and family have to move away to bigger markets.

    Concentration of jobs by location does not ever seem to ever be considered. Also not considered is the huge range of pay differences between small rural towns and big cities, degrees that go to generic small town jobs like teaching are likely to bring down the average, but cost of living can be a lot less too.

  3. Mark Roulo says:

    Soapbox0916:“Well I have a STEM bachelor’s degree, but I work in a non-STEM field, so I wonder where I would get counted, if at all.”

    Based on this, you would get counted in the degree group to which your STEM major was binned. There are more details at http://cew.georgetown.edu/whatsitworth/

    Soapbox0916:“Actually since I also have a master’s, I would not get counted anyway since I don’t have a terminal bachelor’s degree.”

    Correct.

    Soapbox0916:“I also know quite a few people with only trade type certificates that make way more than me, so I question the validity of only looking at bachelor degrees.”

    I don’t think they are claiming that their study is the final word in this. Still, I find it useful to know, on average, what sort of financial return to expect from various degrees.

    Soapbox0916:“Concentration of jobs by location does not ever seem to ever be considered. Also not considered is the huge range of pay differences between small rural towns and big cities, degrees that go to generic small town jobs like teaching are likely to bring down the average, but cost of living can be a lot less too.”

    There are a LOT of things that they didn’t consider. These are a few. But any study is going to have to be bounded.