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From College New s - College graduates are less likely to be unemployed. Students often question whether or not continuing their education is the right choice with diminishing financial aid, rising college tuition and high unemployment rates. Unemployment is a state in which even many professionals find themselves, currently finding no protection from their college education. Yet studies offer a renewed sense of purpose in obtaining a college degree despite these negative factors. College Board released a study today showing that workers with a college degree earned more money and were less likely to be unemployed. The New York Times explained that even at the height of 2008’s recession, the median salary for those with a Bachelor’s Degree was $55,700 while the average for those with just a high school diploma was $21,900 or less. Still, concerns cannot be quieted by such monetary statistics alone when the unemployment rate remains high. Sandy Baum, a professor at Skidmore College, senior analyst for College Board, and one of the authors of the report, said that unemployment rates for college graduates are lower and college graduates began recovering jobs over a year and a half ago. Of course, there are other factors that affect earning income. Choice of major is one of the most important decisions. Every year the highest paid majors are ranked. Every year many of the top earners can be found in engineering fields. As of 2009, CNN cites the top five earning majors as petroleum engineering, chemical engineering, mining engineering, computer engineering, and at number five, computer science. Still other studies suggest that having a degree may not be as profitable as in the past. In April of this year, CNN said that graduates getting their degree this year were likely to make less than graduates of the past year receiving the same degree, and while engineering careers are the highest paid, students of liberal arts would find that their average pay decreased by 8.9 percent.

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