The Key to Financial Success? Be a Man.

Washington Post: m\”Men still out-earn women at every education level, and it may have something to do with the careers that women and men choose.”

“The charts below, created by self-described data tinkerer Randy Olson, illustrate how gender, major and earnings are related. Olson analyzed data on college majors and median earnings after graduation for those under 28.”

http://www.randalolson.com/wp-content/uploads/us-college-majors-income-vs-gender-ratio-ann.png

“Median yearly earnings are shown on the vertical axis: Majors that appear toward the top of the chart tend to earn more, and those toward the bottom earn less. The gender makeup of the major is on the horizontal axis, with majors that are male dominated on the left and female-dominated majors on the right.”

“One theory that Olson entertains is that male-dominated majors tend to be focused on quantitative skills, which are in general highly valued. Engineering is both male dominated and highly valued and paid by businesses.”

“It could be that society just doesn’t value ‘women’s work’ as much as ‘men’s work,’ due to lingering prejudice and discrimination. The difference could be in part due to different salary negotiation strategies used by men and women. Or it could be because men, who traditionally have been familial bread-winners, are more motivated to seek out jobs with higher incomes, while women prioritize other job attributes.”

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