Women Make More Money With These College Majors Than Men
The fight to to close the gender gap is a hurdle that has yet to be overcome in American society.
With the gender pay gap being a long overdue issue to be settled in government, pay discrimination seems to be almost inescapable — that is, except for one general arena.
According to a new analysis conducted by the New York Federal Reserve, college is one of the few level-playing fields where the gender gap is almost nonexistent thanks to the plethora of majors that turn out to be financially rewarding in the long-term.
The analysis found that young women college graduates between the ages of 22 and 27 make approximately 97 cents to the dollar compared with men holding the same college major and profession.
It turns out that women not only match men, but they also drastically out-earn them in a variety of professional fields. The study revealed that women make more than men in 29 of the 73 overall majors studied.
Mic.com reported that some of the aforementioned majors include industrial engineering, art history, business analytics and nutrition sciences. The top-earning major was listed as social services, with the lowest-ranking major being chemical engineering.
With that said, the analysis also revealed that there are number of fields in which male college graduates still make more than their female counterparts. The top-earning majors for male graduates include agriculture, animal and plant sciences. The staggering difference amounts to 21 percent more pay for men.
However, the nearness in pay equality doesn't withstand the test of time.
The New York Fed's analysis discovered that by the time these young graduates evolve in their careers — averaging between the ages of 45 to 55 — the pay gap widens significantly.
The reason for the return to pay inequalities? Director at the American Association of university Women,Catherine Hill told Mic, "To some extent, these economists are pointing out something that's been true for a really long time, which is that the pay gap really widens in later parts of the earnings spectrum — during the prime earnings years."
Check out the full report here.
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