According to Forbes.com Library and information science is the number one worst master’s degree for jobs, with low mid-career median pay ($57,600) and an abysmal projected employment increase (8.5%). A bleak look at the state of the profession for outsiders, but probably not surprising for career-minded library professionals.
If you can believe it, Forbes’ numbers are slightly more optimistic than the Occupational Outlook Handbook’s: $54,500 median pay (in 2010) and 7% (slower than average) growth 2010-20.
Forbes on how they calculated their figures:
To find the mid-career median pay for 35 popular degrees, we turned to Payscale.com, which lets users compare their salaries with those of other people in similar jobs by culling real-time salary data from its 35 million profiles. We then looked at the Bureau of Labor Statistics’ employment projection data to see how fast employment was expected to increase between 2010 and 2020 in popular jobs held by people with each degree. Finally we averaged each degree’s pay rank and estimated growth rank to find the best and worst master’s degrees for jobs.
Screenshot, stats, and quote via Forbes.com. Supplementary stats via OOH.