College is expensive and very much required in the 21st century. With that said, you should know that not all majors have the same value. Consider the BankRate study using census data (2016) showing real-world average salaries, degree attainment, and unemployment rates. Of course, a major has value beyond average salary. However, no matter how you choose a major you should keep in mind the importance of what industry values in terms of soft and hard skills. According to LinkedIn (2018),
The most in-demand soft skills are:
Leadership Communication Collaboration Time management
And the most in-demand hard skills are:
Cloud and distributed computing Statistical analysis and data mining Middleware and integration software Web architecture and development framework User interface design Software revision control systems Data presentation SEO/SEM marketing Mobile development Network and information security Marketing campaign management Data engineering and data warehousing Storage systems and management Electronic and electrical engineering Algorithm design Perl/Python/Ruby Shell scripting languages Mac, Linux, and Unix systems Java development Business intelligence
From this Big Think article certain traits will have more value:
The future of work is going to require a range of skills learned that take into account cutting edge advancements in technology and science.
The most valuable college majors in the future will prepare students for new economies and areas of commerce.
Mathematics, engineering and science related educational majors will become an ubiquitous feature of the new job market.
The article predicts the 7 most valuable college majors needed for the future:
- Aerospace & Aeronautical Engineering
- Applied Mathematics
- Computer Science
To be sure, we should always consider how Machine Learning and Artificial Intelligence will affect each and every discipline.