Choosing a major in college is one of the most crucial decisions in your academic career – or not. Facts are, quite a few, if not most, folks wind up working in fields that have absolutely nothing whatsoever to do with their undergraduate areas of concentration. Indeed, the world is full of physicists-turned-cabdrivers and English-majors-becoming-sales-managers.
The phenomenon is especially pronounced with those who spent their time in the humanities, including particular social sciences including psychology (but not economics). Several students, not to mention their long-suffering parents, bemoan the fact that they graduate with massive amounts of debt while job prospects are few or non-existent and certainly by no means financially rewarding.
But in point of fact, absolutely nothing at all is amiss. The promise of a liberal arts education was never a guaranteed meal ticket, but that of a well-rounded individual, able to alternately distinguish and appreciate nuances. Generally speaking, people who are much more intelligent will make more money, especially in a knowledge-based economy.
This knowledge or information economy demands that men and women be more analytical, that they have a command of the facts. Nevertheless, this kind of an economy – in this kind of a world – raises the bar for all, such that a college degree is but the equivalent of a high school diploma decades ago.
Thus despite the need for education, it is truly worth less, in terms of financial recompense down the road, than it used to be. Those people with degrees will still tend to make much more money over their lifetimes than those that don’t, but this sort of statistics, governing whole populations, usually do not promise anything to any specific individual.
And since an undergraduate degree is now in effect the minimum standard for ever more entry-level jobs in more and more fields, it truly doesn’t matter what you decide to major in – unless you’re doing software engineering (and even then an employer will likely choose real-world experience over mere paper credentials).
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