After four years writing and researching full-time about higher education, I’ve finally arrived: I’m now a Phi Beta Cons blogger. Perhaps the honor will eventually earn me a spot high on some academic administrator’s list of the “Worst People of All Time,” but that’s a chance I’m willing to take. In fact, winding up on such a list would be quite the honor itself.
With respect to the Andrew Sum chart in Matthew Shaffer’s post that shows the difficulty recent college grads are having finding work commensurate with their education, I came across another chart from the same study in the New York Times — one that includes salaries. The news is bleak, to say the least.
For instance, for all recent grads, the 55.6 percent who are working at college level jobs earn only an average of $26,756. Only 68.5 percent of computer-science and math majors — you know, those STEM majors who are so much in demand today — are working at college-level jobs, and those fortunate enough to do so make only an average of $34,100 annually. (When I got a degree in computer science a decade ago, the average starting entry-level salary for programmers was something like $45,000.)
Of course, they’re still better off than the 45.4 percent of humanities majors with jobs requiring a degree, who average only $20,953 per year. No wonder Mom’s basement is getting crowded.