The number of American college graduates working for minimum wage has increased by 70 percent…
Graduates earning more with associate degree, certificates
A new study on the earnings of college graduates was released this week by College Measures, which tracks college performance data. The report found graduates with associate degrees and occupationally oriented certificates often earned salaries similar to graduates with bachelor’s degrees.
For example, graduates in Texas with technical associate degrees earned on average over $11,000 more in their first year after graduation than graduates with bachelor’s degrees.
The study also found that graduates with bachelor’s degrees in the liberal arts typically earn the least compared to other fields of study.
Data from the study also suggested some fields in STEM (science, technology, engineering and mathematics) are more lucrative salary-wise than others. The study found employers were willing to pay a premium for graduates with degrees in the fields of technology, engineering and mathematics. Evidence suggested, however, that graduates with biology degrees often earned less than English majors.
The study used data from Arkansas, Colorado, Tennessee, Texas and Virginia