Employment and Wages: Strong Results for Faculty of Arts Graduates
A recent study conducted by Dr. Ross Finnie and his colleagues at the University of Ottawa’s Education Policy Research Initiative (EPRI) shows strong and positive labour market earning patterns for graduates of the Faculty of Arts.
The study looked at the labour market outcomes of graduating students and found that a degree from the Faculty of Arts leads to three major benefits: 1) constant increases in earnings; 2) acquisition of valuable skills sets relevant to the labour market and 3) stable career paths.
Increases in earnings
According to the study, Faculty of Arts graduates’ annual income rose steadily from $40,000 in 1998 to $70,000 in 2011.
Valuable Skills Sets
This growth in earnings in the years following graduation reflects the development of more general skills that open a wide range of employment opportunities and diverse career paths.
The results of the study also showed that arts and humanities graduates experienced less volatile earnings patterns than other fields of study. These graduates have more stable careers in the long run, avoiding the boom and bust cycles of cutting edge science and technology fields.
For more information, you can listen to this University Affairs podcast interview with Dr. Finnie.