Students picking 'wrong' fields fail to get big return on their education: poll
A new report says some students aren't getting as much of a return on their education investment as they should because they aren't focusing on the ideal fields.
The CIBC World Markets report says that while completing a post-secondary education is still the best route to a well paying, quality job, the premium is dropping as too few students are graduating from programs that are in high demand.
CIBC economist Benjamin Tal says that despite ``overwhelming evidence'' that one's field of study is the most important factor in determining labour market outcomes, students have not gravitated toward the fields that make most financial sense.
Tal says students will get the biggest bang for their educational buck from specialized and professional fields such as medicine and law.
The fields of humanities and social sciences, on the other hand, carry much greater risk, while students of health or business face a more limited risk of ending up with lower income.
Yet the study found just under half of recent graduates fall under the sectors deemed ``underperforming'', even though they know they'd earn more with a medical or law degree.