Tuesday, April 14, 2020
Worst Paying Jobs of College Graduates by Median Wage
Worst Paying Jobs of College Graduates by Median Wage There is a lot to be gained from getting a college degree, and securing a better paying job than youâd be able to otherwise is only one of the benefits. Ideally, time spent on higher education helps you learn to think, write, and speak your mind. It also helps to provide you with the skills and knowledge to pursue a career that youâre passionate about. Despite the high costs of a college education, most graduates certainly feel that college was worth the cost. However, these days itâs difficult to get ahead. Being able to afford to buy a home, or even just rent one and move out of your parentsâ place, can seem like a distant fantasy to young graduates shouldering the burden of crushing student loan debt. For this reason, investigating the ROI of schools before making a decision is wise, as is being mindful about the choices you make about your career, in terms of potential future earnings. It pays to do your homework (and some soul searching) when it comes to higher education â" college is simply no longer something you can assume will launch you into career and economic success the way it did for your grandparents. Recently, 24/7 Wall St. did a little digging to find out which jobs offer the lowest salaries for educated workers. Pulling from job data from the Bureau of Labor Statistics, they identified some of the lowest paying jobs that typically require a college degree â" although they note that âlower payingâ is relative. âEven the lowest paying jobs among them tend to be relatively high paying,â wrote Thomas Frohlich of 24/7 Wall St. âThe median annual salaries of the 14 jobs on the list are all less than $50,000. In all but four of these occupations, the typical worker earns more than the national median wage of $36,200 a year.â Letâs take a closer look at a few of the employment positions on this list, focusing on those four jobs that fall below the national median wage mark. Read More: Do You Trust Your Employer? 1. Legislators Although this job is almost always filled by someone with at least a bachelorâs degree, the pay is the pretty low â" just over $20,000 a year according to the data. Although many work their way up from these positions into more lucrative ones, the time spent working as a legislator wonât go too far toward helping folks pay down those student loans. 2. Religious workers, all other Although these workers are often viewed as role models and pillars within their communities, they are often paid so little that they need to take on second or third jobs to make ends meet. Itâs wonderful to work in a field that many find so meaningful, but that doesnât mean these folks donât need to pay their bills. Read More: How to Make Your Network Think of You When It Counts 3. Teachers and instructors, all other Unfortunately, teachers, across the board, donât earn as much as folks who enter into professions requiring a similar amount of education and training. Even when PayScale examined graduate degrees by salary potential, we found that education jobs came in toward the bottom of the list. So, you can imagine how little those who work as substitute teachers or other similar support positions must be earning. Read More: Should You Go Back to School? 4. Proofreaders You certainly need to be a decent grammarian to work as a proofreader, but apparently you wonât be rewarded too handsomely for exercising these talents. These folks earn a median annual wage of around $41,000, according to PayScale data â" a little higher than the Bureau of Labor Statisticsâ data indicate, but lower paying for the expertise the job requires. For more information, be sure to check out the complete list of the lowest paying jobs for college grads.
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