The Worst College Majors For Your Money

student graduate
student graduate

Personal finance website Bankrate.com ranked 162 college majors based on average annual income and unemployment rates. New to the site’s ranking this year was another consideration the portion of degree holders who have advanced degrees.

The higher the percentage, the more likely it will be that you will need to spend money on additional years in school and either raid your savings to pay for it or rack up student debt that could lower your standard of living, according to Bankrate.com data analyst Adrian Garcia.

The list is a reminder of how the decision about what to study can affect your quality of life. “Realistically, people are not going to pick their majors based on what makes the most money,” Garcia said.

However, you can use this information to adjust your lifestyle, such as opting to attend community college for part of your education or living with roommates to mitigate costs.  “You have to balance being practical with following your passion,” Garcia said.

Bankrate.com used 2016 data from the U.S. Census Bureau American Community Survey, which was obtained by IPUMS-USA.  “LVCM- Least valuable College Majors”

 

Here Are The Worst College Majors For Your Money

 

5.Miscellaneous Fine Arts

Fine Arts
Fine Arts

The most common career that users with Miscellaneous Fine Arts degrees have experience in is Music Contractor, followed by Conductor, Art Teacher, Costume Attendant, Drill Press Operator, Recreational Therapist, Cartoonist, Tattoo Artist, Astronomer, and Craft Artist.

Average Income: $ 40,855
Unemployment rate: 9.1%
LVCM Rank: 162

 

4.Composition & Speech

Composition & Speech
Composition & Speech

By studying composition and rhetoric, the student will learn how to speak and write effectively in the classroom and in professional settings. Using an approach based on the humanities and sciences, the student will study contemporary and classical rhetoric, literacy,

Average Income: $44,211
Unemployment rate: 4.9%
LVCM Rank: 161

 

3.Clinical psychology

psychology
Couples in psychology sessions

Clinical psychology is a broad branch of psychology that focuses on diagnosing and treating mental, emotional, and behavioral disorders. Some of the more common disorders that might be treated include learning disabilities substance abuse, depression, anxiety,

Average Income: $51,022
Unemployment rate: 4.8%
LVCM Rank: 160

 

2.Cosmetology & Culinary Arts

Cosmetology
Cosmetology

The career trajectory of people with a Cosmetology Services And Culinary Arts degree appears to be focused around a few careers. The most common career that users with Cosmetology Services And Culinary Arts degrees have experience in is Hairdresser, followed by Culinary Chef,

Average Income: $42,362
Unemployment rate: 4.7%
LVCM Rank: 159

 

1. Visual and Performing Arts

Performing Arts
Performing Arts

The visual arts are art forms such as ceramics, drawing, painting, sculpture, printmaking, design, crafts, photography, video, filmmaking, and architecture. Many artistic disciplines (performing arts, conceptual art, textile arts) involve aspects of the visual arts as well as arts of other types.

Average Income: $43.996
Unemployment rate: 4%
LVCM Rank: 158

 

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