The Washington Post Style section recently declared that a new Brookings Institution report has “upended health-care research.” The reality is more complex, and the new paper has not fundamentally changed anything.
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sing information collected from the US Census Bureau’s American Community Survey, the Hamilton Project at The Brookings Institution has created a set of interactive infographics comparing the lifetime earning potential of graduates of 80 majors.
People who graduate with a bachelor’s degree in chemical engineering will earn over $2 million on average during their life. Data for the rankings came from a study by the Hamilton Project at the Brookings Institution.
According to a new survey from the Hamilton Project, the median pay of people with degrees in chemical engineering is higher than any other major, when measured over a lifetime. Over an entire work life, a typical college graduate will earn $1.19 million. Engineering of some sort take the top nine positions in terms of lifetime earnings, according to the research.
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The research noted that a college degree is important for advancing earning potential. The Hamilton Project also includes an interactive feature where you can compare different college majors and their earning potential.
That’s the finding of a new report released Monday by the Hamilton Project that calculated the projected lifetime earnings for graduates with 80 different majors. At the top of the list are engineers of all kinds—civil, mechanical, chemical, aerospace, industrial—who all have median lifetime earnings of around $2 million.
Students who study chemical engineering as undergraduates will, on average, make the most money of any college major over their lifetimes, earning more than $2 million, according to a new study from The Hamilton Project at the Brookings Institution.
At least, that's how I'd sum up the findings of a new report and interactive tool from the Hamilton Project, which looks at how the value of a college degree changes depending on your major. This is already a pretty well-explored subject. But the Hamilton study is especially nifty, because instead of calculating what the "typical" college graduate can expect to make over the course of a career, like many researchers do, it shows a whole range of potential outcomes, from the fifth percentile of earners up to the 95th percentile. And of the best-paid graduates in all fields, economics majors rake in the most.
Researchers at the Brookings Institution’s Hamilton Project recently set out to answer: As student debt rises – and devours our wealth – how do the high school students of today, feverishly applying to colleges this fall, decide what they can afford to study? A college degree, in any major, significantly increases your lifetime earning potential, the study found. Some do more than others. But all do more than Calfee’s.
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A periodic newsletter of events, policy briefs, and working papers from The Hamilton Project.