Journalism degree ranked near lowest ROI
According to a recent study by Bankrate.com, the debts incurred in J-school give the college major a pretty bad return on investment when compared with other median salaries.
Really? Worse than all those out-of-work actors who majored in theater and worse than storytelling majors? (Neither of those majors is on Bankrate’s list.)
It takes an average of nearly 32 years for a journalism student to repay his or her loans, while advertising/marketing/promotions boasts the lowest number of years it takes to repay loans at 5.83. Folks in that field have a median pay of about $108,000.
The only profession that has it worse? Marriage and family therapists, who need nearly 35 years to pay off their debts. They make more – $47,000 is their median salary – but they also have six years of school to pay off rather than just four.
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