Most Common College Degrees in Phoenix

(Stacker) – More Americans than ever are earning diplomas, increasing incomes and reducing the risk of unemployment.

Learner analyzed data from the Census Bureau through the University of Minnesota’s IPUMS to see what the most common college majors are for American workers in Phoenix, according to a national analysis. Numbers are rounded to the nearest hundred.

In 2022, 37.5% of adults aged 25 and older had earned a bachelor’s degree or higher, up from about 28% in 2009.

The increase may be due in part to a change in job requirements: Roles that previously required only a high school education now require a college degree.

Americans with bachelor’s degrees had an unemployment rate of just 2.2% last year, compared to 3.9% for those with only high school degrees, according to the Bureau of Labor Statistics.

New York Federal Reserve research published in 2019 found that college graduates had a substantial premium over workers with only high school degrees, earning about $30,000 a year more on average. They estimate that for students who complete their studies, the return on investment for a college degree is around 14%.

Nationally, business is by far the most common college major. In 2022, about 8.5 million adults working full time had a bachelor’s degree in a business-related field, while 2.9 million of them also earned some type of graduate degree in the field, such as a master’s degree in business. or accounting.

Common jobs for business students include accountants, who earn a median income of $80,000 a year; financial analysts, who earn around $100,000; and market researchers, who take home about $75,000, according to BLS data.

Engineering and education were the next most common fields for full-time workers, with about 4.5 million graduates each.

University is becoming more expensive. However, for some, especially those with academic aptitude, earning a degree can still make financial sense.

Read on to see what the most common college degrees are in Phoenix.

#5. Communications

• Workers with only a bachelor’s degree in 2022: 8,700
• Median annual income: $59,900
• Workers with this degree, plus a postgraduate degree in 2022: 2,200
• Median annual income: $68,000

#4. Engineering

• Workers with only a bachelor’s degree in 2022: 9,700
• Median annual income: $87,600
• Workers with this degree, plus a postgraduate degree in 2022: 6,800
• Median annual income: $106,700

#3. Administration and teaching of education.

• Workers with only a bachelor’s degree in 2022: 9,700
• Median annual income: $48,400
• Workers with this degree, plus a postgraduate degree in 2022: 8,000
• Median annual income: $67,400

#2. Medical and health sciences and services.

• Workers with only a bachelor’s degree in 2022: 10,000
• Median annual income: $67,500
• Workers with this degree, plus a postgraduate degree in 2022: 6,000
• Median annual income: $90,300

#1. Business

• Workers with only a bachelor’s degree in 2022: 35,900
• Median annual income: $68,000
• Workers with this degree, plus a postgraduate degree in 2022: 13,200
• Median annual income: $90,800

This story features data reporting and writing by Wade Zhou and is part of a series using data automation in 35 cities.

This story originally appeared on Learner and was produced and distributed in association with Stacker Studio.

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