Humanities students aren’t the ones who most need to adjust their expectations about postgrad life. Increasingly, higher education in the United States looks like a bubble. As more and more students enter universities and subsequently the job market, the value of an undergraduate degree decreases — leading to a wide gap between expected earnings and cold, hard reality. To put that in numbers, the average undergrad student expects that they’ll be making $57,964 just one year into their career. But the national median salary for recent grads is $47,000. It’s conventional to joke about English majors, debate the value of “useless” majors and lambaste those in the humanities for being delusional about the value of their degrees. But in fact, it’s not those studying Marcel Proust who are most unprepared for what happens after graduation. It's business majors who have the largest gulf between their expected and eventual earnings. |