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College graduation does improve a person's income prospects. But all graduates aren't treated equally: What you majored in counts for a lot. Annual salary surveys

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College graduation does improve a person's income prospects. But all graduates aren't treated equally: What you majored in counts for a lot. Annual salary surveys by PayScale, Inc., confirm that a student majoring in engineering can expect to earn nearly twice the salary of a journalism major, What Does Your Major Pay? Major Median Starting Salary Chemical engineering $ 63,200 Computer engineering 61,400 Electrical engineering 60,900 Nursing 54,200 Physics 50,300 Economics 50,100 Finance 47,900 Accounting 46,000 Business 43,000 Marketing 40,800 Political science 40,800 Philosophy 39,900 History 39,200 Sociology 36,500 Journalism 35,600 Source: "Pay Scale College Salary Report," www.payscale.com, 2018. Used with permission of Pay Scale, Inc. Assuming that a college graduate on average earns his or her MRP, what is the MRP for a newly hired Finance major in 2018

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