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College Majors: Key to Job Prospects and Pay

2/25/2026

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Story summary
  • The Federal Reserve Bank of New York's analysis shows college majors strongly influence job prospects for graduates aged 22 to 27, with degrees generally improving pay.
  • It notes post-pandemic hiring challenges in technology, where computer science graduates face a 7% unemployment rate, higher than the 4.3% national average.
  • Underemployment is notably high for criminal justice and performing arts majors, at nearly 66% and 64%, respectively.