Tuesday, May 14, 2024

Is College Worth It?

Interesting tool created by FREOPP. It allows you to find out your return on investment (ROI) from going to college. You can choose a school and a major and it will tell you your ROI.

FREOPP is "A non-profit, non-partisan think tank that conducts original research on expanding economic opportunity to those who least have it."

For example, at The University of Texas at Austin, if you major in Petroleum Engineering and graduate on time, your ROI is $2.6 million over your lifetime of work.

If you major in math it is $763,000.

If you major in anthropology it is $36,000. 

See also 33 of the Highest-Paying Majors You Can Choose in College (2022). 

The last two items in the list below suggest that simply finishing college has value in terms of signalling to employers what your traits are and in developing cognitive endurance.

Related posts:

When it comes to lifetime earnings, the most important decision appears to be the choice of college major (2024)

Studying Economics Increases Wages a Lot (2020)

What College Majors Pay The Highest? (2013)

50 College Majors With the Best Return on Investment (2015)

Will Studying Economics Make You Rich? A Regression Discontinuity Analysis of the Returns to College Major  (2023)

Why do employers pay extra money to people who study a bunch of subjects in college that they don’t actually need you to know? Signaling (2020)

Cognitive Endurance as Human Capital (2022) 

More related posts:

Yes, a College Degree Is Still Worth It (2023)

Does It Pay To Go To College? (2009)

Maybe That College Degree Is Not As Valuable As You Thought (2010)

Is College Still A Good Investment? (2012)

The Diminishing Returns of a College Degree: In the mid-1970s, far less than 1% of taxi drivers were graduates. By 2010 more than 15% were (2017)

The Diminishing Returns of a College Degree (2017) 

Many college dropouts are worse off economically than if they hadn’t started college (2019)

College Still Pays Off, but Not for Everyone (2019)

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