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Majoring in engineering from even the most rinky dink university is more lucrative in the long run than a PhD in a softology from an Ivy League school - especially if things like student loans are factored in. But, even if both educations were free, a person will make a lot more money and be in demand and have more opportunities and choices with an BSEE than with a liberal arts doctorate.
That's why it's best to get a PhD when it comes with a tuition waiver and a stipend. That's what I'm doing.
That's why it's best to get a PhD when it comes with a tuition waiver and a stipend. That's what I'm doing.
Still, the average engineer makes a lot more than the average SA PhD. That answers the thread's question of which has the higher earning potential. We're not being asked to compare one Harvard professor with a Humanities PhD with an alcoholic engineer with outdated skills and "people" problems. We're talking generalities or averages.
do bear in mind that if you are planning to go academia with the PHD in liberal arts that is no guaranteed field, it is not as if professors are retiring in droves . Id say engineering any dam day of the week but I have to ask what do you want to do? These fields seem to be extreme antipodes of the other
Economics isn't really liberal arts either, and neither is geology.
As if something can't be STEM and liberal art at the same time..... STEM is just an acronym for science, technology, engineering, and mathematics. It's a new, trendy term that tries to identify highly quantitative areas in which there are shortages of qualified workers. Even some fields of psychology count as STEM. Science and mathematics are liberal arts subjects. They are highly theoretical and are a part of the traditional, liberal arts education that has been around for thousands of years. Engineering and technology are applied subjects as opposed to theoretical. The liberal arts include the social sciences (economics is a social science), natural sciences (this includes geology), mathematics, and humanities.
Majoring in engineering from even the most rinky dink university is more lucrative in the long run than a PhD in a softology from an Ivy League school
You've got this part wrong... an Ivy League PhD is going to have a lot of very lucrative options in fields outside of academia like consulting or finance which are way beyond the choices available to an engineer with a BS from a rinky dink school.
But, back to the OP's question, if they are both from a decent state school, it depends on the major... a PhD in econ who has done theoretical work that is in demand by banks and hedge funds is going to be in a better position than a lot of engineering majors, while a PhD in an oversaturated field with few non-academic applications will be worse off.
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