University students aren’t following the money

Twice as many students enrolled in non financially lucrative fields.

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From the November 2013 issue of the magazine.

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With the exception of commerce programs, the last decade hasn’t seen a meaningful influx of students into undergraduate degrees that lead to high-paying jobs. Despite earning premiums of 117% in engineering and 74% in health programs, twice as many students enrolled in less financially lucrative fields. As a result, Canada has a glut of post-secondary graduates who aren’t meeting the demands of the job market.

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Source: Statistics Canada, CIBC *premium relative to high school graduates

2 comments on “University students aren’t following the money

  1. We have a huge problem regarding employment with no easy answers. I’m no economist but believe that there’s been a serious and permanent constriction of the labor market. Where does that leave college grads? Certainly, their opportunities are more limited than they used to be, and the choice of major should get serious consideration.
    Walter White from http://canadaloansearch.com/

    Reply

  2. Actually this is what “y generation” or “millenials” is all about. They have higher demands and as a result higher expectations. Probably they know what they want when selecting a less attractive opportunity in terms of money but doing what they love instead. This might be a good thing, since getting a degree in a financially lucrative field does not mean that they will stick to this and work in this field after graduation. You could see this effect with “baby boomers” when we had lots and lots of economists who decided to work in other areas.

    Larry Clement

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