Recent college graduates who majored in psychology, social work or the arts earn a median income of $31,000, according to From Hard Times to Better Times, a new report from Georgetown’s Center on Education and the Workforce. The median salary of workers with only a high school diploma –including experienced workers — is $32,000.
New humanities and liberal arts graduates earn a median of $32,000. Education majors start at $33,000, on average.
On the flip side, new engineering graduates average $57,000 a year.
Of course, college graduates are likely to move up the salary scale as they gain experience, leaving most less-educated workers behind.
Unemployment rates are declining for college graduates — except for communications and journalism majors, the report finds. College graduates have maintained their earnings advantage over high school-only workers, who are earning less. However, “a full recovery in the employment of college graduates, especially at the Bachelor’s degree level, may be as far off as 2017 and a full recovery in earnings may take longer,” the report concludes.