WASHINGTON--(BUSINESS WIRE)--College graduates who specialize in social science tend toward self-employment as compared to those with bachelor’s degrees in other subjects, according to a working paper released today by the Office of Advocacy of the U.S. Small Business Administration. The paper used data tracking a group of university graduates from the class of 1993 through 2003.“Educational choices for these graduates are correlated with self-employment,” said Dr. Chad Moutray, Chief Economist for the Office of Advocacy and author of the paper. “Although the self-employed closely resemble the larger population in many ways, for graduates of 1993 their choice of majors and their stated values while in college are linked to their occupational choices a decade later.”
The paper, Baccalaureate Education and the Employment Decision: Self-Employment and the Class of 1993, used data from the U.S. Department of Education’s Baccalaureate & Beyond data series that survey members of the class of 1993 at graduation and again in 1994, 1997, and 2003.
Moutray found that business and management majors are more likely to work in for-profit businesses while those with specialized degrees such as health, education, or biology are more likely to end up working for non-profits and the government. These sectors contain higher educational and health care institutions, both of which tend to require advanced or professional degrees.
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