Majors to Pursue

Each year, millions of students graduate high school and head off to college. A common problem upon graduating from college is finding a job. According to an article published by the New York Times, the unemployment rate for 2013 college graduates aged 20-29 is 10.9 percent, compared to a nationwide rate of 6.7 percent.

While the job market is improving (unemployment was at 13 percent for 2012 graduates), many students are finding it challenging to get a job out of college. The number of graduates is increasing faster than there are available jobs. One way to get a head is to pursue a field where there is a great demand for applicants. According to  Katie Bardaro, lead economist at compensation research firm PayScale, “Unless you go to a top-20 brand name school, what matters most to employers is your major.”

According to a study conducted by PayScale and published by Forbes, the number one major most likely to land a student a job out of college is biomedical engineering. The average starting salary in this field is about $53,000. By mid-career, someone in this field could be earning six figures. This field is also experiencing tremendous job growth. Also high on the list are jobs that involve software engineering, and other jobs in the engineering field. However, these require a specific skill set  that not just anyone may possess.

“These aren’t majors that anyone could do. They’re hard, and these programs weed people out,” says Bardaro. “However, there is high demand for them and a low supply of people with the skills, so it drives up the labor market price.” Many of the fields in need of workers are math and science related.

Also, your parents were wrong. All of those video games you play may actually do you some good. According to a report by DFC intelligence, the video game industry is expected to reach $82 billion by the year 2017. Employment in the video game industry grew 8.6 percent from 2005 to 2009 with more than 120,000 new employees, according to the Entertainment Software Association. . The average starting salary is north of $50,000. For each major in demand, there are many in sharp decline.

According to Forbes, two of the worst majors job opportunity wise, are anthropology and archaeology. Indiana Jones might be very cool, but sharing his major isn’t going to help you find employment right now. Many of the majors on the “worst” list deal with some type of art and design, such as digital design (non-interactive) and film-making.