The new 2015 edition of the report “The Economic Value of College Majors” from the Georgetown University Center on Education and the Workforce includes a listing of the highest and lowest “Median annual wages of college-educated workers (ages 25-59)” by major. The list of the 25 highest-paying majors (see page 19 of the report) includes Petroleum Engineering (1st at $136,000), Chemical Engineering (5th at $96,000), Electrical Engineering (6th at $93,000), Computer Science (11th at $83,000), Applied Mathematics (13th at $83,000), Physics (15th at $81,000) and Statistics and Decision Science (20th at $78,000). Eighteen of the top 25 paying majors have the word “engineering” in them. Computer Science, Applied Mathematics and Physics are three of the seven majors on the top 25 majors list that do not have the word “engineering” in them.
The bottom 25 majors include “Science and Computer Teacher Education” (19th at $48,000) and “Mathematics Teacher Education” (22nd at $49,000).
As I’ve said many times (and most recently here), we need to do something about the salaries we pay to math and science teachers. This is just another reason why.