Some college graduates are wishing they majored in a field that paid higher salaries. Who knew a poet or third-world advisor would hardly be able to pay off student loans?
Economics professor Matthew Wiswall of Arizona State University decided to ask students what they thought earnings for various fields were in the real world. And he asked how much they wanted to earn by age 30.
When presented with actual salary information, 12 percent of them decided to change their intended major. Wiswall says pay differences made a greater impact than graduation rates.
The lack of students pursuing technology, engineering and medical degrees shows that students aren't totally driven by dollars in spite of the prospect of higher pay and steady work.
