Does Philosophy Pay?

Some interesting statistics from the WSJ on the economic advantages of earning a liberal arts degree, such as in philosophy. The payoff, although delayed for the first few years, is substantial compared to other majors over a twenty-year period: a median annual earnings of $97K for philosophy majors (see the chart in the article, ‘How Pay Stacks Up’).

‘“I love hiring liberal-arts graduates,” says Dave Elkington, founder and chief executive of, a Provo, Utah, company specializing in customer-data analysis. “They think broadly and communicate effectively. They aren’t stuck in a rut. They can challenge ideas.” Mr. Elkington, a philosophy major himself, says he came up with a lot of the ideas for his company’s analytic tools by reflecting on Aristotle’s classifications of knowledge.’

Thanks to my colleague Joseph Yarbrough for the pointer.

Read more on the Philosophy Blog.