Archive for July 7th, 2011

Is an arts degree a good financial investment?

Last week I spoke at a seminar on the public funding of the humanities and social sciences. In my presentation I showed a slide of the earnings of male arts bachelor degree graduates compared to all graduates, showing that the median male arts graduate earned significantly less than other bachelor graduates (less than the slide suggests, since I did not extract arts graduates from the total).

What I should also have done is added median earnings for the upper vocational qualifications, which I have now done in the figure below (due to limitations in the way the ABS publishes census data, I have taken median as the mid-point in the income catgory in which the median person appears). Overall it shows a quite similar earnings profile with the arts graduates, with the effects of earlier full-time workforce entry showing in the higher earnings for certificate III/IV qualified workers in their 20s.

Read the rest of this entry »