Revenge of the nerds

Revenge of the nerds

A look at which university degrees give the best financial returns

THE economies of the rich world increasingly depend upon skilled workers, and college degrees are in high demand. In 1972 a university-educated man aged 25-34 could expect to earn 22% more than a peer without a degree, according to the Urban Institute, a think-tank. Today that premium has risen to 70%. But if university pays, its benefits are not spread evenly across all graduates. A new report from PayScale, a research firm, calculates the returns to higher education in American universities

Top universities may be growing ever more selective, but the returns on a college degree depend far more on field of study than the choosiness of the university itself, the report says. Engineering and computer-science students earn most, achieving an impressive 20-year annualised return of 12% (the S&P 500 managed just 7.8%)

http://www.economist.com/blogs/graphicdetail/2015/03/daily-chart-2?fsrc=nlw|newe|9-03-2015|

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