The 10 highest-paying jobs as of 2021 were: While earning potential should play a role in your choice of major, its not the only factor to consider. Within four years of graduation, some majors stand to earn as much as $256,539, while others make less than $10,000 per year, according to a new report from The HEA Group, a research and higher education consulting firm. Pictured is a graph that is part of a Stanford University research project called "Long Shot," which assesses the risk for gun owners of being shot. Engineering majors made the most right after college, however, graduates who majored in business, economics, and math also made median wages well over $50,000. A degree in aeronautics and astronautics can teach people to build rockets and more. While engineering majors are the highest paid, business management and administration is the most And the median early-career pay? Yusef Munoz shows off a biodegradable plastic prosthesis, made from cornstarch and created with a 3D printer, in August 2020. Electrical Engineering Median After attending medical school, psychiatrists complete a four-year residency. Highest-Paying College Majors: Full 2023 Statistics. College graduates typically earn higher salaries than those without a bachelor's degree. The survey found the 2020 average salary of $55,260 was 2.5% above the class of 2019s average starting salary of $53,889 and 8.5% higher than the Class of 2018s average starting salary of $50,944. Other structural engineering degrees offer similar pay. The early career median annual pay is $76,200. Powered and implemented by Interactive Data Managed Solutions. Math is still an important field, and a computational and applied mathematics degree could have median early-career pay of $83,200. Computer sciences and math are also the top-paying specialties for those with a bachelor's degree, with an average expected salary of $72,173 for computer science and $63,316 for math. Petroleum Engineering. White, non-Hispanic households bring in a median annual income of about INR 6 million, much higher than the median for Black or Hispanic households. The study tracked "mid-career" ages for graduates between 35-45, and found that the average pay for all majors goes from $46,891 to $74,123 in that time. Air Traffic Controller Median National Salary: $129,000+ Number of Jobs: 24,000+ Job Growth 2020 2030: 4% (slower than average) Job Duties: Air traffic controllers coordinate the flow of aircraft to ensure safety. Employers tend to look for candidates with transferable skills, like critical thinking, collaboration, and communication. The median for annual early career pay is $75,200. In an uncertain job market, its not unusual for workerscurrent and prospectiveto turn to the sure thing. Even if a field's projected salary seems decent, it's worth considering other factors when choosing a major. A gloomy economy has many college graduates worried about their job prospects. Before Paying Off All Your Debt, Consider The Downsides Jun 22, 2023, 04:34pm EDT This Week In Credit Card News: Consumers Struggle With Card Debt; Some Past performance is not indicative of future results. He co-founded companies like PayPal, Tesla, SpaceX, Neuralink, and The Boring Company, revolutionising industries like electric vehicles, space exploration, and renewable energy. Computer Science Median Base Salary: $70,000 Popular Entry-Level Jobs: Software Engineer, Systems Engineer, Web Developer 2. Biochemistry topped the list with about 70% of folks in the discipline earning higher degrees. Public accountants create tax returns and financial statements for individuals and organizations. The BLS projects a slower-than-average 1% job growth for these physicians from 2021 to 2031. Students in this discipline learn to design new materials. Keep in mind that many of these careers are fit for candidates from various fields or majors. And in their early careers, people with a degree in applied physics can earn a median $73,400 annual salary. A physician assistant can make diagnoses, develop treatment plans and prescribe medication with the oversight of a licensed doctor. 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. In this March 2021 photo, physician assistant Alyssa Hernandez prepares doses of the COVID-19 vaccine at the Stacy Medical Center in Los Angeles. We'd love to hear from you, please enter your comments. Are you sure you want to rest your choices? A data analytics degree is an ideal option for Master's in Business Analytics With the advent of big data, organizations seek professionals who can extract meaningful insights and drive data-informed decision-making. They specialize in financial information that clients must disclose by law, including corporate earnings reports and income tax returns. Consider dental hygiene. After graduation, a systems engineer can work in a variety of industries for differing employers, from military divisions to for-profit corporations. Air Traffic Controller. Of that Police and detectives tend to make between $40,420 and $105,540 annually. Many people consider it the bridge between physics and engineering. A Division of NBC Universal, Photo: Envato Elements; Graphic design by Gene Kim, This 22-year-old won $2M in scholarships and graduated from Princeton debt-free, Fastest-growing jobs that don't require a, Students from this Ivy League school earn, Having these in-demand tech skills can help. These medical doctors focus on mental, emotional and behavioral health. Financial analysts also manage portfolios and recommend investment strategies. Physician/Specialist. FORTUNE is a trademark of Fortune Media IP Limited, registered in the U.S. and other countries. Aeronautics and astronautics majors learn to design airplanes, satellites, and spacecraft. This November 2022 photo demonstrates a worker-operated robot production line in Westborough, Massachussetts. High-level medical occupations, which make up 12 of the countrys 20 highest-paid jobs, demand advanced degrees. The ability to analyze information, communicate clearly, and work on a team will benefit you in just about any career. This was even lower than the unemployment rate for chemical engineering majors (19.6%) and aerospace engineering majors (27.7%). The median salary for people who majored in dental hygiene is $79,200 in the first three years of employment. In November 2022, NASA launched the Artemis I flight test from the Kennedy Space Center in Florida. Meanwhile, the most popular major that pays the most is nursing, averaging over $76,000 per year, while a communications major can expect to earn around $49,000. Trainees practice working on a programmable logic controller at a Louisville, Kentucky trade school in August 2022. Compare your school matches and apply to your top choice today. A degree can yield a median salary of $92,200 a year. That pay is nearly on par with what you'd earn for a college major in family and consumer sciences a life-skills college degree that ranks the worst in terms of median pay within five years of graduation, with yearly wages of $32,000. Some nuclear engineering programs allow students to concentrate in a particular area of the field. Something went wrong. in Library Science. But which majors offer the best return on investment? Someone early in a telecommunications engineering career can expect an annual salary of around $72,400. Majoring in information technology or computer science can be relatively easy for some students, while others may find these fields quite difficult. Accounting isn't just accounting anymore. The mid-career median wage range was $75,000-$99,000.Note Reference [2], Computer science majors made a median early-career salary of $73,000 as of February 2023, according to NY Fed. Learn about start dates, transferring credits, availability of financial credit and much more by clicking 'Visit Site'. The U.S. Department of Education's data does not include the salaries for people who are currently enrolled in advanced degree programs, like medical and business school. Featured or trusted partner programs and all school search, finder, or match results are for schools that compensate us. 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. Heres a look at the majors that had the biggest starting salaries last year: Petroleum engineering $87,989. The early career median pay for people who major in this degree is $73,500 annually. BLS data from 2021 suggests that there is a strong correlation between workers' earnings and workers' educational attainment. Most professionals in this field hold a bachelor's in electrical or electronics engineering. Many of the highest-paying careers are related to business leadership, healthcare, finance, and tech. Based on the median projected starting salaries reported in NACEs analysis, the 10 highest-paying majors are as follows: The highest-paying major is petroleum engineering. Non-medical occupations on this list To understand how the highest-paying jobs fit into the overall employment landscape, lets start with some key facts about U.S. workers. Flight attendant: In between flights, flight attendants check 20 of the Highest Paying College Majors in 2022 - Yahoo Fina During an economics program, undergraduates study microeconomics, macroeconomics, and econometrics. 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.". Job Over half of all foreign language graduates (50.5%), chemistry majors (65.4%), and physics majors (69.8%), share their majors with graduate level degrees.Note Reference [2] This means roughly 65% of bachelor's degree-holders in chemistry, for example, go on to get a master's or doctorate in that same field. Randall Granaas, senior nuclear engineer at Southern California Edison, is seen here taking a radiation reading at the dry spent fuel storage facility in April 2022. In this July 2003 photo, retired members of the United Auto Workers picket outside of General Motors in Detroit. Many economics programs incorporate management coursework, as well. And colleges award several types of bachelor's degrees. These professionals oversee activities in the engineering and architecture fields. 1 spot goes to electrical engineering and computer science. Which Majors Make the Most Right After College? Updated on: December 7, 2022 / 2:32 PM Applied mathematics degrees marry math concepts to fields such as chemistry, engineering, biology and computer science.
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