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Actuarial science, the formal term for the study of insurance, was ranked the most valuable college major, according to a Bankrate.com report released on Monday. Actuarial science majors earn an average annual salary of $108,658 and have a better-than-average unemployment rate at 2.3 percent. And at a time when student debt is at a record high, these graduates are less likely to incur the added expense of additional schooling and delayed earning potential. Less than 1 in 4 graduates pursue advanced degrees.
"The actuarial science profession is interesting because students don't need advanced degrees to gain livable wages, but instead are certified through a series of exams overseen by the industry's professional organizations," said Bankrate.com analyst Adrian Garcia in an interview. "Students typically pass one to two of these exams while in school and then go on and complete others while working, earning raises and bonuses as they pass."
The study ranked 162 majors with labor forces of at least 15,000 people based on average annual income, employment status and whether those graduates went on to pursue a higher degree within 12 months. Income accounted for 70 percent of the weighted ranking, unemployment for 20 percent and 10 percent was awarded to career paths that did not demand additional education. The data was derived from the U.S. Census Bureau's 2016 American Community Survey.
Source: Bloomberg News
(Score: 0) by Anonymous Coward on Wednesday September 12 2018, @03:47PM (6 children)
Most powerball winners end up broke and unhappy.
https://www.cleveland.com/business/index.ssf/2016/01/why_do_70_percent_of_lottery_w.html [cleveland.com]
(Score: 2) by Arik on Wednesday September 12 2018, @04:05PM (5 children)
The lottery is a tax on people that don't understand math. Sure, occasionally someone throws away a dollar on a ticket and then never buys one again, but other often desperately poor people spend a portion of every paycheck on this like clockwork for years. Each one of them individually has a very low chance of winning, yet there will be a winner of course, and more than likely one of the regular players will get it.
Which means someone that self-evidently doesn't understand math or money.
So of course they're usually broke again in 5 years or less. Incredibly unsurprising.
If laughter is the best medicine, who are the best doctors?
(Score: 1, Insightful) by Anonymous Coward on Wednesday September 12 2018, @04:27PM (3 children)
Only to those who don't understand lottery buyers. They are not deciding to buy a statistically insignificant chance to win money. They are buying a dollop of hope to get themselves to the end of the week without killing themselves.
(Score: 0) by Anonymous Coward on Wednesday September 12 2018, @05:59PM (1 child)
Hey, we need to hate on all things that aren't 100% rational! A pox upon all lottery players for being suckers! Yeah, get em'!
Sorry for the silly sarcasm, it is nice to see a comment with some humanity. This site is now home to trolls and ne'er-do-wells.
Hope? Comfort? Compassion? Art? Those are for pussies!!!! Get your red pill or GTFO!!! /s /barf
(Score: 1) by khallow on Thursday September 13 2018, @03:08AM
It wouldn't hurt, if you picked an example that wasn't stupid.
As noted, lottery tickets are at best a placebo. When you consider the trainwreck that happens when one's "hope, comfort, and compassion" actually is realized (remember 70% of lottery winners go bankrupt in five years?), it's silly to defend these notions.
I imagine you're just as charitable to other comments that don't fit your worldview so nicely.
(Score: 2) by Arik on Wednesday September 12 2018, @06:05PM
The poorest and most vulnerable among us are suckered into paying extra.
Hope is not something you can buy, it comes from within. Lottery tickets are at best expensive placebos.
If laughter is the best medicine, who are the best doctors?
(Score: 1, Funny) by Anonymous Coward on Wednesday September 12 2018, @04:39PM
A guy kneels at the end of his bed every night before bed, clasps his hands together and yells into the ether; "Please, please God let me win the lottery". Weeks turn into months, years and decades. Finally one night his prayers are answered; "Come on, help me out and start buying a fucking ticket!"