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A recent article in the London Times rightly called philosophy the "ultimate transferable work skill"
While majoring in philosophy is no guarantee of future success, as a group philosophy majors consistently score at or near the top on standardized tests, rank highly in median mid-career salary, and enjoy a well-earned reputation for rigorous thinking. But don't take it from us - here are some further thoughts on philosophy majors, their motivations, and general prospects.
"A recent comprehensive study of college students' scores on major tests used for admissions to graduate and professional schools shows that students majoring in Philosophy received scores substantially higher than the average on each of the tests studied. Philosophy majors' scores on the verbal portion of the GRE were higher than in any other major, even English ; and although several science majors showed higher averages in the quantitative portion of the test, philosophy majors scored substantially higher than all other humanities majors and were alone among humanities majors in scoring above the overall average. Philosophy majors received higher scores on the LSAT than students in all other humanities areas, higher scores than all social and natural science majors except economics and mathematics, and higher scores than all applied majors. Moreover, the differences are in most cases substantial: for example, philosophy majors scored 10% better than political science majors on the LSAT. On the GMAT, philosophy majors outperformed business majors by a margin of 15%, and outperformed every other undergraduate major except mathematics." ["Philosophy Students Score High on LSAT, GMAT", Andereas Teuber]
"Every year around graduation time we hear the reports of average starting salary of college graduates by major. This data is often used to discourage people from majoring in disciplines like philosophy. Now, however, Payscale.com has released data showing average mid-career salaries of college graduates by major. This data makes the philosophy major look like a much more prudential choice. PayScale.com's current data on 'Best Undergrad College Degrees By Salary' (www.payscale.com/2008-best-colleges/degrees.asp) lists starting median salary and mid-career (15.5 years after graduation) median salary for 50 different university majors. Of the fifty, the philosophy major ranks sixteenth in mid-career median salary. Seven of the majors ranking above philosophy are various engineering fields. Of particular interest is the comparison with Business Management. The starting median salary for Business Management majors is $43,000, while the starting median salary for Philosophy majors is $39,900. By mid-career, however, the median salary for Business Management majors has risen to $72,100, while the median salary for Philosophy majors has jumped to $81,200." [American Philosophical Association]
"When a fellows student at Rutgers University urged Didi Onejeme to try Philosophy 101 two years ago, Ms. Onejeme, who was a pre-med sophomore, dismissed it as 'from-frou'. 'People sitting under trees talking about stupid stuff - I mean, who cares?' Ms. Onejeme recalled thinking at the time. But Ms. Onejeme, now a senior applying to law school, ended up changing her major to philosophy, which she thinks has armed her with the skills to be successful ... Once scoffed at as a luxury major, philosophy is being embraced at Rutgers and other universities by a new generation of college students who are drawing modern-day lessons from the age-old discipline as they try to make sense of their world, from the morality of war in Iraq to the latest political scandal. The economic downturn has done little, if anything, to dampen this enthusiasm among students, who say that what they learn in class can translate into practical skills and careers ... 'If I were to start again as an undergraduate, I would major in philosophy,' said Matthew Goldstein, the CUNY chancellor, who majored in mathematics and statistics. 'I think that subject is really at the core of just about everything we do. If you study humanities or political systems or sciences in general, philosophy is really the mother ship from which all of these disciplines grow'." ["In a New Generation of College Students, Many Opt for the Life Examined", New York Times]
"In the US, where the number of philosophy graduates has increased by 5 per cent a year during the 1990's, only a very few go on to become philosophers. Their employability, at 98.9 per cent, is impressive by any standard ... Philosophy is, in commercial jargon, the ultimate 'transferable work skill'." ["Philosophy: A Quintessentially Modern Discipline", London Times]
"'So many people think philosophy isn't practical,' says Shoener, who is also studying biomathematics for a double major and plans to be a women's health advocate. 'It's the most practical thing I've ever done'." ["Top Students Commit to Using Their Knowledge", USA Today]
"'Most people don't want to figure out what a company is worth,' Miller said. 'They want to know where the stock is going. We're always trying a Rubik's Cube approach, looking at something from all different directions. We want to know, 'What's the best description of what's going on?'." ["To Beat the Market, Hire a Philosopher", New York Times]
'Philosophy is to be studied, not for the sake of any definite answers to its questions since no definite answers can, as a rule, be known to be true, but rather for the sake of the questions themselves; because these questions enlarge our conception of what is possible, enrich our intellectual imagination and diminish the dogmatic assurance which closes the mind against speculation; but above all because, through the greatness of the universe which philosophy contemplates, the mind also is rendered great, and becomes capable of that union with the universe which constitutes its highest good." ["The Problems of Philosophy", Bertrand Russell]