8 College Degrees with the Worst Return on Investment
by Susan Ohanian
An article on Salary.com came with this subtitle: These Careers Might Make You Happy, But Fail the Tuition ROI Test
It provoked a lot of passionate, angry responses--relieving me of much obligation to comment other than to say I have a Master's Degree in medieval literature and a niece with a degree in poetry.
Not surprisingly, the Return on Investment for those attending private colleges was very very low. For those attending public institutions, lowest return was for daycare center teacher, news reporter and human services worker. Highest return was for food scientist and hotel resident manager, though teachers came in nearly as high.
Reader Comment: Would it not be a shame if people decided not to become teachers, artists and writers, and career counselors and social workers and therapists.. and we ended up with a world full of MBA's and investment bankers and lawyers.
Reader Comment: Would you rather have JOY -- or money? I have enough to eat, a warm and good place to sleep, wonderful friends, a loving family. I LOVE WHAT I DO -- I teach religion and literature and I make less than $40,000 a year. I went to Northwestern, Yale, and Oxford -- and it has been and IS a joy! It is a privilege to teach the greatest poetry on earth to excellent students. If people don't put some treasure in heaven, how can they be HAPPY on earth? Pursuing happiness is far more satisfying than pursuing MONEY. A society that understood THAT would better compensate those who can fill human souls with beauty and wisdom; that's the greatest investment you can make. How many people on their deathbeds wish for a better salary?
Reader Comment: This is a shame! Did anyone else notice that every degree listed on here is EXACTLY what this country needs more of? STOP focusing on your paycheck and trying to keep up with the Jones'! That's what got us into trouble! Everyone is looking at Google and Apple Execs and wants the big money! How about humanity? How about educating our children? How about compassion and empathy? How about giving something back that has meaning instead of taking as much as you can? So you may not be able to have that second home or fancy car like your "rich" friend.
Reader Comment: The most selective colleges, such as Harvard, Princeton, Columbia, many others, teach "liberal arts," and expect the students to use the critical thinking and communications skills in a wide range of careers.
Excerpts from article by by Dawn Dugan
. . . [T]oday's high cost of education means it makes sense to more carefully consider which degree you earn. When it comes to return on investment (ROI), not all degrees are considered equal. This article exposes eight college degrees with poor ROI.
CHEMICAL DEPENDENCY COUNSELOR
7. Fine Arts
MUSEUM RESEARCH WORKER
DAYCAY CENTER TEACHER
HIGH SCHOOL TEACHER
5. Religious Studies, Theoloogy
CHAPLAIN -- HEALTHCARE
HOTEL RESIDENT MANAGER
FOOD SERVICES MANAGER
HUMAN SERVICES WORKER
CAREER COUNSELOR -- HIGHER EDUCATION
Dawn Dugan with lots of comments