The other day, I was interviewing an economist who studies the effect college majors have on peoples' income. He was telling me that women often make decisions that lead them to earn less than they otherwise might.
Women are overrepresented among majors that don't pay very well (psychology, art, comparative literature), and underrepresented in lots of lucrative majors (most fields in engineering).
Erin Ford graduated from the University of Texas two years ago with a bachelor's degree in petroleum engineering. Recruiters came to campus to woo her. She got a paid summer internship, which turned into a full-time job after she graduated. Now, at age 24, she makes $110,000 a year.
Michael Gardner just graduated from City College in New York with a degree in psychology. He applied for more than 100 jobs, had trouble getting interviews and worked at Home Depot to make ends meet.