Engineering was the highest-paying major in 2023, with graduates making $65,000-$70,000 right after college. On-campus classes take place in engineering labs, and students can expect to tackle research projects while completing their degree program. As of February 2023, Trading Economics reported 3.6% unemployment. Electrical Engineering Median Economics Health services managers only need a bachelor's degree to earn a six-figure income. Applied mathematics degrees marry math concepts to fields such as chemistry, engineering, biology and computer science. According to the Bureau of Labor Statistics (BLS), registered nurses earn a median salary of $75,330 per year, making it one of the highest paying associate degrees. FORTUNE is a trademark of Fortune Media IP Limited, registered in the U.S. and other countries. As he previously told CNBC Make It, "There's no way of knowing, with 100% certainty, which professions will pay the best in 5, 10 years.". Becoming an electrical engineer requires a bachelor's degree. They may also recommend security strategies and best practices. An award-winning historian and writer, Genevieve Carlton, Ph.D., has published multiple scholarly articles and a book with the University of Chicago Press. In this August 2022 photo, a mechatronics apprentice works on a lathe. A graduate with an associates degree in a STEM field can still do pretty well: A physical science associates degree can lead to early-career earnings near $85,000 per year. Early on in their careers, people who major in it earn a median annual salary of $73,800. People with this degree have an annual median salary of $74,200. Sharing is caring! Get browser notifications for breaking news, live events, and exclusive reporting. To make manufacturing run smoothly, someone needs to design and create the right equipment. Here are twelve of the best jobs you can get with an Associates degree: 1. People who pick this major, or similar industrial engineering or systems engineering majors, can stand to earn a median of around $79,700 in their early careers. Those in business management earned the lowest median starting salary of $46,000 per year. Computer security focuses on the protection of computer systems and networks. Students study circuit theory, electrical systems design, and engineering design during their program. The highest-paying college majors in 2022, ranked - CBS Aeronautical engineers and aerospace engineers can earn an aeronautics degree online. The answer depends on your strengths and weaknesses. There are only 104,200 jobs for operations research analysts, per BLS data, but the field is expected to grow faster than average by 23% this decade. by Chriselle Sy December 27, 2022 in Majors & Careers 0 Table of Contents Whats the Best PhD to Get? Any degree that focuses on quantitative training, statistics, and data analysis can help graduates pursue careers in operations research. All Rights Reserved. BlackRock CEO Larry Fink, who faced intense backlash for championing ESG, says hes ashamed the topic has become Cannabis company once worth $19 billion is now so beleaguered that an analyst predicts its stock is heading to zero, CA Notice at Collection and Privacy Notice, Do Not Sell/Share My Personal Information. Architect degrees differ from architectural engineering degrees. Here are the 10 highest-paying college majors, four years after graduation: The majors with the highest earning potential tend to provide specialized, technical Explore average salaries of other popular majors in this report, including business and computer science. Highest Most actuaries major in actuarial science, statistics, math, or a related field. Click on an occupation name to see the full occupational profile. The early career median pay isn't bad either: $72,300. Top 10 Graduates with a bachelors in chemical engineering often go on to earn masters degrees in the field. But what are the highest-paying bachelor's degrees? Students in a nuclear engineering major study advanced computational techniques, strategies for recycling and managing nuclear fuel and the development of new reactor and radiation shielding designs. Since most people change careers multiple times during their working life, choose a major that emphasizes skills that transfer well between fields. The median salary depends on the area you specialize in, but ranges from $95,300 for industrial engineers, according to the BLS, to $105,550 for chemical engineers, also as reported by the BLS. 50 Highest Paying College Majors - Glassdoor Blog As a newswriter in her early career, Brenna's education reporting earned national awards and state-level accolades in California and North Carolina. Polymer science and engineering majors learn about complex materials that are increasingly important in the tech space. A degree in construction engineering management can teach students oversee building projects. Before her work on higher education data trends, Jane was a news writer and the managing editor for an academic journal. According to the Bureau of Labor Statistics, writers and authors tend to make $38,500 to $133,580 per year, and editors often make between $36,970 and $129,420. Still, earning potential is a key concern, especially if youve invested time and money in higher education. People who major in it have a median pay of $77,300 in their early career. Our list features 10 of the highest-paying majors, according to BLS data. The top-earning majors are in so-called STEM fields, or degrees in science, technology, engineering and mathematics. 2023 Fortune Media IP Limited. Dentistry is a course dedicated to the diagnosis, prevention, and treatment of oral health issues. "While many biology majors may have ambitions to go to medical school, some do not, and have no trouble finding jobs with competitive salaries, like a biotechnologist or research scientist, right after college," says Itzkowtiz. Similar to electrician, the profession of a plumber is very high paying for not requiring a bachelor's degree or any degree, for that matter. The median salary for computer hardware engineers was $128,170 in 2021, as reported by the BLS. There are many intangible aspects that salary data simply wont measure, the HEA Group notes. Jennifer lives in Richmond, VA with her family of five, plus a cat, a dog and a frog. To become an architectural or engineering manager, you need at least a bachelors degree at minimum and extensive professional experience as an engineer or architect. Occupational Outlook Handbook, Do Not Sell or Share My Personal Information. DON'T MISS: Want to be smarter and more successful with your money, work & life? In this July 2003 photo, retired members of the United Auto Workers picket outside of General Motors in Detroit. How Much Do Computer Science Majors Make? Top 10 The early career median pay for people who major in it is $74,100 annually. Computer and information systems managers help set and meet their organizations IT goals. Electrical power engineering focuses on just that the generation and transmission of electric power. As of May 2022, the Bureau of Labor Statistics reported that the highest-earning profession in the U.S. made nearly 400% more than the median U.S. household income. The path to success: 10 degrees that guarantee high-paying progressive careers. Many students complete internships with aerospace and aeronautics companies. Careers in petroleum engineering require a bachelor's degree. Similar to business majors, less than one-third (31.8%) of computer science majors went on to get a graduate degree in computer science. Featured or trusted partner programs and all school search, finder, or match results are for schools that compensate us. Learn more about degrees leading to high-paying careers. Actuaries evaluate the costs of business risks, primarily in the insurance industry. They can use that knowledge to launch careers with pharmaceutical companies, food production companies, refineries and other industries. Research physicist John F. Clauser poses for a photo at his home on Oct. 4, 2022 in Walnut Creek, California. The 10 Highest Paying College Majors | CollegeVine Blog The early-career median pay for people who majored in robotics and automation is $72,100. A bachelor's degree in it can lead to a median early career annual pay of $75,300. Compare your school matches and apply to your top choice today. They may direct construction or manufacturing, managing production schedules, staff and budgets. Accounting isn't just accounting anymore. Best Credit Cards for International Travel, National Association of Colleges and Employers, computer science vs. computer engineering. Earning a bachelor's degree generally takes four years for full-time students. As scientists race to look for sustainable energy sources, nuclear engineering technology has emerged as an important sector. This September 2022 photo shows biomolecular engineer Sebastian Rakers examining cultured fish cells. Cole Schotz P.C. Michael Itzkowitz, the founder and president of The HEA Group, analyzed data collected by the U.S. Department of Education from more than two million students who received federal financial aid and graduated in 2015 or 2016. Math is still an important field, and a computational and applied mathematics degree could have median early-career pay of $83,200. The ability to analyze information, communicate clearly, and work on a team will benefit you in just about any career. They study engineering, chemistry and physics. Their earnings were measured in 2019 and 2020. Finance Majors 1.1.2 #9. 8. Here are twelve of the best jobs you can get with an Associates degree: 1. The BLS projects positions for computer and information research scientists will likely increase 21% from 2021-2031. Subscribe to Fortune Dailyto get essential business stories straight to your inbox each morning. Use of this site constitutes acceptance of our Terms of Use and Privacy Policy | CA Notice at Collection and Privacy Notice| Do Not Sell/Share My Personal Information| Ad Choices Elon Musk is a renowned entrepreneur and businessman known for his progressive career in the fields of technology and transportation. Which degree will lead to a long and successful career? What Are The Highest-Paying Majors For Undergrad? - Forbes Many economics programs incorporate management coursework, as well. 10 Highest By mid-career, this range increased to $60,000-$100,000. 1 Top 10 Highest Paying College Majors 1.1 Top Highest Paying College Degrees Worth Pursuing. Past performance is not indicative of future results. The No. [4], Depending on the specific major, those who studied business earned an early-career median wage of $46,000-$66,000 as of February 2023, according to NY Fed. This was even lower than the unemployment rate for chemical engineering majors (19.6%) and aerospace engineering majors (27.7%). Top 12 highest paying degrees in the UK 2023 - edvoy The gap in wages also increases over time, as top mid-career earners make about $100,000 while bottom-ranked earners make less than $60,000. According to the BLS, health services managers earned a median salary of $101,340 annually in May 2021. The best- and worst-paying college majors, five years after - CNBC It's made with fully automated artificial intelligence and no humans are needed onboard. Pharmacist 1.1.6 #5. An economics degree ranks as one of the highest-paying bachelor's degrees. BLS data from 2021 suggests that there is a strong correlation between workers' earnings and workers' educational attainment. Lisa Harvey, a cognitive scientist, is seen here in March 2006 in Boston with a model brain. A June 2006 photo shows the Institute of Paper Science and Technology at Georgia Tech. Highest Here are the 10 highest-paying college majors, four years after graduation: The majors with the highest earning potential tend to provide specialized, technical training in an in-demand field, like health care or technology, says Itzkowitz.
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