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Thursday, September 20, 2018

What to major in college? The most and least valuable degrees | New Jersey 101.5 FM Radio

Actuarial Science is the most valuable college major, says  
Photo: Carlos de Andres, Cover/Getty Images

Actuarial science is the most valuable college major, according to a new survey that ranks 162 majors based on average income and unemployment rates.

Adrian Garcia, an analyst with Bankrate, says actuaries are people you may want to thank or blame for the premiums you pay on car, home and health insurances. It's the top major because the average income is $109,000 and the unemployment rate is just 2.3 percent.

Garcia says the survey looked at how many graduates went on to get a master's or doctorate degree, knowing you may have to dip into your savings or take out loans to do that. But only 22 percent of actuaries did so, suggesting you can get a good job without having to have further schooling.

Actuarial science is considered a STEM (science, technology, engineering, mathematics) degree, which dominates the Top 5 list. At No. 2 is zoology, followed by nuclear engineering, health and medical preparatory programs and applied mathematics — all with six-figure incomes and low unemployment rates.
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Source: New Jersey 101.5 FM Radio