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is4junk 23 October 2015 03:38 PM
67%

Hard to say if the data is accurate. A lot depends what average people do with their degree. My take is it is the later for both these examples.

pharmacology: pharmacist or guy who gives product samples to doctors
finance: hedge fund manager or excel jockey for large corporate quarterly report

http://fivethirtyeight.com/features/the-economic-guide-to-picking-a-college-major/

This is the relevant footnote on the data

All figures in this article, except where otherwise noted, are based on American Community Survey Public Use Microdata Sample files for 2010 through 2012. “Recent” graduates are those under age 28 (roughly within five years of graduation on a normal schedule). Earnings figures are based on people employed full-time (35 hours or more), year-round (50 weeks or more) with positive earnings; except where noted, earnings also exclude those who are in school or who have graduate degrees. I used raw earnings figures, not adjusted for inflation, in order to keep the number round (given low levels of inflation in recent years, it makes minimal difference). The total sample size for recent graduates’ earnings is more than 60,000, but for specific majors, the samples are much smaller, in some cases in the single digits. As a result, don’t read too much into the exact earnings figures for each major; it’s safe to say that librarians earn much less than petroleum engineers, but the sample sizes are much too small to know whether they really earn less than zoologists. ^


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melian 24 October 2015 05:44 AM
70%

pharmacology: pharmacist or guy who gives product samples to doctors
finance: hedge fund manager or excel jockey for large corporate quarterly report

It seems likely that just like university professors, the first category is preferentially made of the top students from the top universities. If so, then the top salaries in each industry might be more relevant than the average ones.


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