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Canada / Higher Education / Strong positive returns to investments across all fields

It’s common knowledge that new jobs increasingly demand postsecondary credentials. But what’s less well understood is the wide range of those jobs and the educational pathways leading to them. Statistics Canada data on employment by occupational classification show that job growth between 2007 and 2011 was fastest in health-related occupations (over 16 per cent increase) – but was also strong in “art, culture, recreation and sport” (13 per cent), “social science, education, government service and religion” (11 per cent) and “natural and applied sciences” (8 per cent). Emerging jobs, in other words, are drawing graduates from all sides of the campus…

There are, of course, differences among individual specializations. The social sciences and humanities cover a broad spectrum of disciplines, and it’s perhaps not surprising that commerce grads tend to fare somewhat better in terms of average income upon graduation than philosophy or anthropology majors. The same also holds for the STEM disciplines, with engineering grads outpacing those studying math or “pure” sciences. But the overall picture is one of strong positive returns to investments in higher education, across all fields.

No degree on its own can be a guarantee of job success. For students, the best advice may be the familiar one: Find something you love, work hard at it, and seize every opportunity for learning. For those involved with postsecondary education and research, the lesson is perhaps more complex. Rather than focusing on what students choose to study, the more important issue may be how they are prepared for the economy and society of tomorrow.

Choosen excerpts by Job Market Monitor from

globe and mail

via Humanities degree provides excellent investment returns – The Globe and Mail.

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