Pharos-Tribune

State News

November 7, 2013

State report compares value of college degrees

Associate holders earning more in first year, but discrepancy changes over time.

INDIANAPOLIS — Indiana higher education officials have long been promoting the value of a college degree, but a new report shows some degrees are much more valuable than others.

According to the “Return on Investment” report issued Wednesday by the Indiana Commission on Higher Education, Indiana students who’ve earned an associate degree at a two-year college are averaging higher salaries in their first year of employment than graduates of the state’s four-year public universities.

That salary discrepancy changes over time, but much more so for some degrees than others.

Graduates with a four-year engineering degree from Purdue University, for example, have an average salary of just over $65,000 within five years of leaving school — earning about $28,000 more than a Purdue grad with a history degree. And the report shows that while most of those engineering grads go on to work in their field of study, one of top fields of employment for those history majors is in the restaurant industry.

The detailed report includes information on tuition costs, student debt load, graduate salaries by degree and the top three fields of employment by degree, for every public two-year and four-year institution in Indiana. The data in the report was pulled from several sources that track Indiana students who remain in the state after college.

“We want to be unequivocal in our message that a college degree is valuable, and more valuable than ever,” said Jason Bearce, associate commissioner for strategic communications and initiatives. “But it’s become increasingly clear that the return on investment that people get depends greatly on the choices they make and what they want to come out it.”

The ROI report is the latest in a series of ongoing efforts initiated by Higher Education Commissioner Teresa Lubbers to provide more information to Hoosier students and their families about the costs and benefits of a college education.

Text Only | Photo Reprints
State News
  • Hundreds attend vigil for missing SW Indiana women BOONVILLE (AP) — A few hundred people gathered at a prayer vigil for women missing in southwestern Indiana, including a 27-year-old mother of two children who was last seen nearly a week ago. Many in the crowd outside the Warrick County Courthouse in

    August 21, 2014

  • Family: 2013 crash that killed 7 was preventable MUNSTER (AP) — An Indiana woman who lost seven family members in a fiery highway crash last year says more needs to be done to ensure truck drivers are operating safely. Judith Williams said she believes the accident that killed her two daughters, th

    August 15, 2014

  • Man sentenced to 8 years in Gary man's killing CROWN POINT (AP) — A Gary man whose murder confession was thrown out because a police detective had told him he might not get a fair trial because he is black has been sentenced to eight years in prison after pleading guilty to reckless homicide. The

    August 15, 2014

  • Prosecutors seek life without parole for skipping shooter INDIANAPOLIS (AP) — Prosecutors have requested life without parole for a murder defendant caught on surveillance video skipping away from the fatal shooting of an Indianapolis convenience store clerk. Marion County Prosecutor Terry Curry announced Th

    August 15, 2014

  • Suits in triple-slaying proceeds case move ahead NEW ALBANY, Ind. (AP) — A former Indiana state trooper shouldn't be allowed to claim all $626,000 in insurance and estate proceeds from the deaths of his wife and two children 14 years ago, even though he was acquitted of their murders, attorneys rep

    August 14, 2014

  • Indiana universities face cuts if tax intake lags INDIANAPOLIS (AP) — Indiana's public universities could see their budgets cut another 2 percent if state tax collections continue lagging behind expectations. Gov. Mike Pence's budget director told members of the State Budget Committee Thursday that

    August 14, 2014

  • Purdue writing commercial dog breeding standards WEST LAFAYETTE, Ind. (AP) — The director of Purdue University's Center for Animal Welfare Science will lead a two-year research project to develop and test nationwide animal care standards for the commercial breeding and raising of dogs. Director Can

    August 14, 2014

  • No charges filed in deaths of Clydesdale horses HUNTINGTON (AP) — Northeastern Indiana prosecutors have decided not to file charges in a case where dead and malnourished Clydesdales were discovered on a horse farm. Huntington County Prosecutor Amy Richison says she could not file charges because n

    August 14, 2014

  • E. Indiana couple arrested for dealing steroids RUSHVILLE (AP) — An eastern Indiana couple are under arrest after what authorities broke up what they are calling the largest lab ever found in Indiana for producing anabolic steroids. Rushville Police Chief Craig Tucker says 39-year-old David Starke

    August 13, 2014

  • Judge: Indiana can sue IRS over health care rules INDIANAPOLIS (AP) — A federal judge has ruled Indiana and nearly 40 state school districts can sue the Internal Revenue Service over rules it imposed to implement the federal health care overhaul. The judge on Tuesday declined an IRS request to dismi

    August 13, 2014

Hyperlocal Search
Premier Guide
Find a business

Walking Fingers
Maps, Menus, Store hours, Coupons, and more...
Premier Guide
Poll

Does Indiana need a statewide water management plan and an administrator to implement it?

Yes
No
Unsure
     View Results
Featured Ads
AP Video
Johnson: Six Arrests, No Tear Gas in Ferguson Raw: Rescue, Relief Efforts at Japan Landslide Cadavers, a Teen, and a Medical School Dream Raw: Woman Escorted From Ferguson Protests California Drought Stings Honeybees, Beekeepers Officer Who Pointed Gun at Protesters Suspended Holder Hopes to Bring Calm to Ferguson Today in History August 21 Holder Pledges Top Investigators for Ferguson US Mission to Rescue Hostages in Syria Failed Manfred, Torre and MLB Take Ice Bucket Challenge Bank of America Reaches Record $17B Settlement Holder Reassures Ferguson Community With Visit GlobalPost CEO Remembers Foley As a Brave Man Seth Meyers Rolls Out Emmy Red Carpet Obama: World Is Appalled by Murder of Journalist Israel, Militants Trade Fire After Talks Fail Pres. George W. Bush Takes Ice Bucket Challenge Pierce Brosnan's Call to Join the Expendables Changes Coming to No-Fly List
Parade
Magazine

Click HERE to read all your Parade favorites including Hollywood Wire, Celebrity interviews and photo galleries, Food recipes and cooking tips, Games and lots more.