Is it correct to say that "Arts is only a plan B for poor grades and defective prospects"?
There is a common perception that arts are not a 'cash-cow' subject, while hot trending subjects such as medicine, technology, law and engineering are more 'lucrative'. However, in the Ivy League world, any subject can be a 'gold-sucking' subject.
As one of the world's leading universities, the Ivy League is still very competitive in the arts, and is no less competitive than the 'divine' subjects offered by ordinary universities.
For example, graduates from Brown University, one of the Ivy League universities, earn an average annual salary of around US$70,000 for their studies in Foreign Languages and Literature, English Language and Literature, Philosophy and Religious Studies and History, among other traditional liberal arts. This compares to about US$40,000 per year for graduates of equivalent disciplines at other US universities.
In fact, many of the world's most famous people came from Ivy League arts backgrounds, such as the fabulous Emma Watson in Harry Potter and some of the presidents of the United States over the years.
Graduates in medicine, science, law and engineering are sure to have a successful career, but what about business, which has a "money" future?
According to the employment data released by Ivy League universities in recent years, the average annual salary of business graduates from Ivy League universities is around US$150,000. When converted into Hong Kong dollars, most business students earn over a million dollars a year! With such attractive starting salaries, what about salary growth?
According to a Financial Times study of Ivy League business school students, many graduates who have pursued a Master of Business Administration degree have seen their salaries increase by an average of 110%, meaning more than double the annual salary mentioned above.
In the Forbes list of the world's richest people, 33 of the top 100 are from the United States and 30% of them have a business school background, with more than half of them coming from the Ivy League. One of the most familiar names on the list must be Elon Musk, the president of Tesla and the modern-day 'Iron Man'.
Finance and consulting - the most popular industries for Ivy League business students
The study also shows that more than half of Ivy League students pursue careers in finance and consulting after graduation for reasons such as attractive salaries, clear career paths and generous benefits.
Salary figures for these two sectors are as follows: consulting (with a median salary of approximately US$147,000) and finance (with a median salary of approximately US$125,000). In addition, employment in other sectors was not far behind, with business graduates earning a median salary of US$90,600 in areas such as technology, consumer goods, real estate, media and entertainment, and retail.
Ivy - World Class Choice
As far-sighted parents, those who can afford it will pay for their children to attend the world's best schools. If your family has limited financial resources, but your child is lucky enough to be admitted to an Ivy League school, you will be sure to save your child's tuition fees. There is no need to worry about tuition fees, as there are plenty of scholarships available from various institutions once a student has been accepted.
How can Helios help me?
Whether you want your child to have more resources to pursue their studies or you no longer want to worry about tuition fees, Helios Education's scholarship application service can help you to solve your worries. In addition, we offer a full range of services including admissions advice, mock interviews/exams and placement matches to help your child increase their chances of getting into a top school.