Americans owe a staggering $1.4 trillion in outstanding student loans, more than any other form of household debt after home mortgages. Indeed, a college education is one of the biggest investments many Americans will ever make. As as with most investments, there is no guarantee an expensive four-year degree will pay off financially.
The likelihood of securing a job after graduation depends on several factors, including a number that are outside any individual’s control — namely, the strength of the economy and job market. Irrespective of such external factors, the difference between remaining unemployed after graduation and easily finding a solid job can depend heavily on the chosen field of study.
24/7 Wall St. reviewed data from the U.S. Census Bureau to identify the college majors with the lowest unemployment rates. While choosing a major is ultimately a personal decision largely based on one’s talents and interests, the likelihood of landing a job is a factor worth considering. Among four-year college graduates from some 160 college majors, unemployment rates go as low as less than half a percentage point — a fraction of the overall U.S. unemployment rate.
Encouragingly, the college majors with the lowest unemployment rates include some of the most popular majors.