Business majors who graduated during the Great Recession did almost everything right when they hit the job market. They worked long hours and switched jobs less than their counterparts in other fields. Despite their toil, they earned far less than their tech-savvy peers, according to a report released on Tuesday by the U.S. Department of Education.
In 2012, college grads with computer science degrees had a much lower unemployment rate than business majors—4.9 percent, compared with business students’ 6 percent. The jobs they had were better paying, too, yielding a median $66,000 per year compared with business majors’ $50,000, according to the report, which looked at 2012 career outcomes for students who graduated from college during the 2007-08 academic year.