why would researching the average earnings by major and by career be useful to you as you choose an institute for higher education?

Researching the average earnings by major and by career is useful when choosing an institute for higher education because it helps anticipate the return on investment (ROI) of the chosen field of study. Knowing the potential earnings associated with different majors allows prospective students to make informed decisions about which programs are likely to provide better financial outcomes after graduation. This knowledge can guide students in selecting a major and institution that align with their career and financial goals, helping them avoid fields with lower economic returns or oversupply in the job market. Higher earnings vary significantly by major and career, with some fields like engineering, computer science, and nursing typically offering higher lifetime earnings compared to fields such as arts or education. Moreover, earnings can differ even within the same major depending on the institution attended, highlighting the importance of researching both the major and the specific school's outcomes. Understanding earning potential also helps students gauge the economic value of their education relative to the cost, ensuring their investment in higher education yields a favorable financial payoff over time. Additionally, it offers insights into job market demands, helping students choose fields where workforce needs are greater and earnings are typically higher. In summary, researching average earnings by major and career offers a pragmatic perspective on the economic benefits of different educational paths, assisting in making a strategic choice for higher education that optimizes both academic interests and financial future.