Analyzing the Return on Investment of Different College Majors
This interactive data visualization tool helps students make informed decisions about college majors by analyzing the financial return on investment of different fields of study.
Built with Python, Dash, and Plotly, the dashboard features:
Note: The full interactive dashboard is a Python Dash application that runs locally.
This page provides an overview of the project and key findings through static visualizations.
To experience the interactive features, download the code and run python app.py.
College tuition has increased 117% over three decades, growing from $12,274/year in 1985 to $26,593/year in 2016. This growth rate significantly exceeds inflation, with total 4-year costs now averaging $106,372.
Engineering & Technology leads with $78K average starting salary, followed by Business & Economics at $64K. Education majors have the lowest starting salaries at around $47K, despite requiring similar educational investment.
STEM fields dominate the fastest break-even times. Electrical Engineering (EECS) leads at just 1.2 years, while most engineering majors break even within 2-3 years. This demonstrates the strong financial return of technical degrees.
Petroleum Engineering offers the highest salaries in this category, with mid-career pay exceeding $200K. Electrical Engineering and Chemical Engineering also show strong earning potential with significant salary growth from early to mid-career.
Quantitative Business Analysis and Applied Economics lead the business category with mid-career salaries approaching $160K. Management Information Systems (MIS) also shows strong returns, demonstrating the value of technical business skills.
Pharmacy leads health-related majors with mid-career salaries over $160K. Occupational Therapy and Physical Therapy show solid earning potential, while Community Health fields have lower but stable salaries with strong job meaning.
Education majors show the longest break-even times (10-12 years) and lowest starting salaries. However, these fields offer high job satisfaction and stability. Spanish Teacher Education and Workforce Education show slightly higher earning potential.
Spanish Literature and Chinese Language lead humanities with mid-career salaries around $120K, demonstrating the value of language skills in global business. History & Political Science also show strong mid-career growth.
Interaction Design leads the arts category with mid-career pay exceeding $180K, showing the high demand for UX/UI skills. Industrial Design and Web Design & Development also offer strong returns compared to traditional arts degrees.
The dashboard demonstrates professional data science workflows including: