America’s most popular major may also be one of the most lucrative.

Students who major in business, which for years has topped lists of most popular majors, earn between 81% and 130% more 12 years out of college than similarly talented students who don’t major in the field, according to a working paper distributed this week by the National Bureau of Economic Research.

The study — based on wage and higher education data from Texas — looked at the e…
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