Degree Choice Could Make the Difference In Future Financial Success

4 mins read

As an English major in my college years, there’s a truth I can comfortably share: All degrees are not created equal when it comes to finding financial success and professional stability.

Students that graduate with a degree in journalism do not have the same chance of financially lucrative careers as students that graduate with a degree in information technology or marketing. While one’s personality and individual skills should definitely play a role in pursuing post-secondary education, the differences in the opportunity different degrees offer are extreme.

Financial Success is Based Foremost on Salary

To state the obvious, the wage that you will earn once you locate a job will a contributing factor to your long term financial success. You should always check your chosen career field for the median salary for your career path. This will allow you to determine if the salary will be enough for you to live comfortably on later in your career.

Here are some median salaries for English major careers:

  • The median salary for editor jobs is $51,000.
  • The median salary for technical writer is $63,000.
  • The median salary for author jobs is $74,350.
  • The median salary for reporter jobs is $36,280. that as long as you can find a job and keep that job, you will be looking at long term financial success. Simple enough, right? Well, maybe not. Reporting jobs are vanishing, legitimate “author jobs” aren’t easy to come by, and unless you are ready to jump into marketing and advertising you probably won’t find many editor positions available either.

The Lies English Majors Tell Themselves

“I can be successful and pursue my passion for writing, literature, art, history or photography.” That’s something like the line I continually told myself throughout my college years. Even with the voices of my professors assuring me that I could find employment with an English degree, I couldn’t help feeling slightly doubtful.

What they did not tell me is that graduated English and journalism majors will compete for 250,000 positions in 4 different career fields: editors, technical writers, authors, and reporters. To makes things worse, by 2020 there will only be 15,600 positions added to the job market for English and journalism majors.

The chances that I would land one of those jobs? As far as I was concerned, they weren’t all that good. I realized that any student who chooses to pursue this career track would need to compete for the positions available. They would need to proactively prove that they were the best of the best.

Does that mean you shouldn’t pursue your dream career as the next Lois Lane? I say if you want to be an intrepid reporter, go for it. With passion, preparation, and determination, you can find a successful career in your chosen profession. You just need to be aware that finding financial success in less lucrative careers is an uphill battle. Yours will be a hard path, but it too can lead to financial success if you play your cards right. For me, the right card to play was to earn my master’s degree in education which I was able to earn online, and now my career path will come with all the challenges and rewards of teaching our nation’s youth in public schools.