Declining Degree Value
The perception of the value of college degrees is constantly shifting. Historically, certain degrees were almost a guaranteed ticket to a stable, well-paying
job. However, various factors, including technological advancements, changing industry demands, and shifts in economic conditions, are reshaping the landscape. Some degrees that were once considered essential now face a more competitive job market, with fewer openings or lower starting salaries. This section will delve into some examples of these degrees, offering perspectives on why their appeal might be diminishing and what students should consider.
Liberal Arts Majors
Liberal Arts degrees, like History, English, and Philosophy, provide a broad education that develops critical thinking, communication, and analytical skills. Although these skills are transferable and highly valuable, the direct application to specific jobs can be challenging. Companies often seek candidates with more specialized skills, making it difficult for some Liberal Arts graduates to find employment in their chosen fields. Furthermore, the oversaturation of candidates in these areas can drive down salaries. While not suggesting these degrees are useless, it is important to know that graduates may need to be adaptable and consider further specializations or post-graduate studies to increase their job prospects.
Journalism Degrees
The field of journalism is facing significant upheaval due to the decline of traditional media, such as newspapers and magazines. The rise of online platforms and citizen journalism has made the industry more competitive, with fewer full-time positions available. Although the need for skilled writers and communicators remains, graduates in journalism must adapt quickly to the digital landscape, developing skills in areas like social media management, content creation, and multimedia production. Furthermore, the economic pressures on media outlets have often led to lower pay and increased workloads, making the path challenging for recent graduates.
Performing Arts Careers
While pursuing a career in performing arts – such as theater, music, and dance – can be deeply rewarding, it is an extremely competitive field with high levels of risk. Securing consistent work and earning a stable income is often difficult. The industry is also susceptible to market fluctuations, with limited opportunities. Many performers rely on part-time jobs or are involved in various projects to make ends meet. Aspiring performers must be prepared for a significant degree of uncertainty and need to focus on building a diverse skillset that may include teaching, production, or other related fields.
Specific Education Majors
The demand for teachers can vary geographically and is subject to the economy. Some specific education degrees may face oversupply in some areas, which creates competition for positions. Budget cuts, changing educational policies, and rising living expenses can also impact the attractiveness of these roles. Aspiring teachers should research employment trends in their preferred locations, consider additional certifications or specializations to become more competitive, and stay abreast of the changes in the educational sector. Furthermore, alternative career paths in education, such as tutoring or educational consulting, are rising as well.
Psychology (BA/BS)
An undergraduate degree in Psychology offers an understanding of human behavior and provides transferable skills in research, analysis, and communication. However, a bachelor's degree often leads to limited job opportunities, with many roles requiring a master's or doctoral degree. Without advanced degrees, the career options are often limited to entry-level positions in counseling, human resources, or social services, which might not be sufficient for professional aspirations. Those who are interested in a career in psychology should plan for graduate studies to realize their full potential.
Communications Degree
A Communications degree can be a very useful one for those aiming to work in various fields that involve communication. However, its versatility also means it is broad, and graduates can face challenges competing with candidates who have more specialized training. The field has become highly competitive with the emergence of digital media and social media, so students must develop specialized skills in these areas to stand out from the crowd. Internships, practical experience, and the development of a professional online presence are essential for communications graduates seeking to advance their careers.
Criminal Justice Careers
While Criminal Justice degrees can serve as a foundation for careers in law enforcement, corrections, and the judicial system, the job market can vary according to location and economic trends. Competition for jobs in law enforcement is fierce, and many agencies require additional training or advanced degrees. Moreover, there are evolving standards and requirements for law enforcement. Aspiring professionals need to be prepared for demanding work environments. Furthermore, these degrees might not be as beneficial for those seeking jobs in other areas related to the criminal justice system, like policy analysis or research, which can require more specialized training.
Business Administration (BA)
A Bachelor of Arts in Business Administration is a popular choice, but the competition for entry-level jobs is extremely high. Many students pursue this degree, resulting in an oversupply of graduates. Companies are increasingly seeking candidates with specialized skills. Aspiring business professionals must obtain relevant internships, develop a strong resume, and ideally consider a Master of Business Administration (MBA) to advance in their careers. Specializing in a particular area, such as finance, marketing, or human resources, can also make a graduate more competitive.
The New Focus
Identifying which degrees are currently losing favor is only part of the picture. The more essential aspect is knowing which degrees and fields are gaining momentum. Areas like computer science, data science, engineering, healthcare, and renewable energy are experiencing increasing demand. Many of these fields offer excellent career opportunities and the potential for high salaries. Researching the job market, staying up to date on new technology and trends, and pursuing practical experiences are vital for making the best degree choice. Adaptability and a willingness to learn are vital, regardless of the chosen field of study, as the job market continues to transform.
