What majors make money

Hey college students! Starting to think about graduation already? Have you got your eyes set on landing your first job—and pulling in a sweet paycheck? So what majors make money are the best college majors associated with the highest paying jobs? Glad you asked. No surprise, STEM majors—science, technology, engineering, and math—came out on top. Read on to see which common majors can lead to high paying careers right out of the gate. And you’ve got a healthy job market. The BLS notes that the most in-demand jobs for engineering majors are those involving renewable energy, oil and gas, rebuilding infrastructure, and robotics. Find engineering jobs on Monster. Close behind your engineering peers are you computer science majors, who spent your undergraduate careers learning about programming, data structuresand operating systems. Find computer science jobs on Monster .

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I found my online school there and I’m very satisfied. Can you guess what the highest-paying majors are i. When it comes to choosing a focus for college, it’s important to know which programs generally lead to stellar incomes. Sure, the best college majors are in fields that appeal to your interests and offer opportunities for growth. But what if you could have all that while also earning an amazing paycheck? Even better, right? As you might expect, the majors that tend to pay the most come from the science, technology, engineering , and math STEM disciplines. In fact, 11 of the top 15 are engineering programs. But that doesn’t mean you can’t make a decent living in a non-STEM field. Above-average earnings can also be had in areas ranging from business and health care to agriculture and public service. The following lists of college majors as well as the median earnings for each major are based on a report from the Center on Education and the Workforce at Georgetown University. The report ranked different college majors by the median salaries of full-time workers with bachelor’s degrees. Use these lists to kick-start your career exploration and examine a range of rewarding options! If your goal is to maximize your earning potential, you’d be wise to consider a career in the high-demand areas of science, technology, engineering , and math.

College graduates can expect to make top dollar with these high-paying majors.

The Economic Value of College Majors uses Census Data to analyze wages for college majors to detail the most popular college majors, the majors that are most likely to lead to an advanced degree, and the economic benefit of earning an advanced degree by undergraduate major. Two of the top highest paying majors, STEM and business are also the most popular majors, accounting for 46 percent of college graduates. Explore the Data The interactive web tool below allows the user to see how much college graduates earn by 15 major groups and detailed major subgroups nationally and within states. State data is available only on the interactive tool below. We found that among college graduates with the same majors, earnings vary by state. For example, business is the most common major, accounting for 26 percent of college graduates. Take a Tour. Anthony P. In the video Dr. Carnevale provides advice and highlights key factors from the report. Laura is worried picking a History major may lead to low earnings but Tony assures her, that is not the case. Watch the video to learn how History majors can earn more than the average business major and much more! Infographic Discover the key statistics in our report pertaining to college majors and earnings in this infographic. The importance of a major is powerful. We found that the highest-paid majors were among the STEM science, technology, engineering, and math fields, and the lowest earning majors were with early childhood education and human services and community organization.

Did You Know?

More and more people seem to be unwilling to add to that number. Between enrollment was downstudents. Graduating with that kind of debt has mone consequences. Currently, about 44 million of us have student loan debt and seven million of us are in default. That hurts the overall US economy. When people are burdened by debt, they have to delay or forgo wyat like marriage, children, and starting a business.

It also has negative effects on the community. And the psychological impact of all the debt has consequences. Whwt can cause or exacerbate depression and anxiety. It can cause stress and fights between partners. It can make people feel ashamed and scared. It can lead to feelings of hopelessness.

That no matter what you do or how hard you work, you will never be able to pay off miney debt. Given that it is so expensive, whay it still worthwhile to get a college degree? Not for. But overall, college is still worth it. Your chances of being unemployed are greatly reduced by having a four-year degree as. The unemployment rate for those with a high school diploma is 5. Not everything is about money, though, and there are plenty of good reasons to get a college degree that has nothing to do with money.

College teaches critical thinking; you meet people that will become friends and possibly more, you will develop connections that can help you advance in your career, tailgating is awesome. All good, legitimate reasons to go to college. ROI means return on investment. To calculate ROI subtract the gain from an investment from the cost of that investment and divide that number by the cost of the investment.

College is an mjaors both of your time and your money. And while not everything is measured in dollars, college is one of the things that is. Yes, you gain things that have nothing mamors do with money, but if you are going to go into debt to get a degree, that degree has to pay off.

But not all college degrees have the same ROI. So choose wisely. All of wgat listed are not the highest paying college majors. Not all of us want to go into STEM. Rather, these are college majors that pay well enough to give you a good ROI. What They Do: Pharmacists dispense prescription medication and advise patients and doctors on drug selection, dosages, and possible side effects and interactions. What They Do: An actuary analyzes data to estimate the likelihood and estimated cost to jake company in the makr of things like death, illness, injury, or property loss monry damage.

Most actuaries work for insurance companies, either in life and health makr property and casualty insurance. What They Do: Compensation and benefits managers plan and oversee programs that determine how much a kake pays employees and coordinates benefits like retirement plans and health insurance.

Human resources basically. What They Do: Economists look at how resources like land, raw materials, and labor are distributed across society. They research, collect and analyze data to forecast economic trends in areas of interest rates, inflation, and employment among. What They Do: Information mnoey analysts protect computer networks from cyber attacks by installing things like firewalls and other security measures.

Petroleum engineers design equipment and methods used to extract oil and gas. They also develop plans to ehat for and then extract gas and mxke. What They Do: Intelligence analysts work for the government to collect information from various sources to assess possible threats to the country. You can major in several subjects to qualify including criminal justice, political science, and international law to name a. What They Do: A safety supervisor does workplace inspections to make sure the site is safe.

They can work in places like hospitals, construction sites, and factories. What They Do: A systems engineer develops, tests and evaluates software, circuits, personal computers and designs and implements computer systems. What They Do: Accountants collect, analyze, verify and prepare financial documents for their employer or clients. Unfortunately, calculating ROI for college majors is not straight forward. There are several factors you have to take into account. The numbers I provided are just for tuition and fees.

But to get as close to the real ROI as you can, you need to include those expenses as well and four all maie years whqt. There is no reason to take out enough money in student loans to pay for every cent of your college expenses.

Live at home rather than on campus, work part time while going to school part time, apply for as many grants and scholarships as you can, find a job that will reimburse some of your tuition. If you are going to major in something that requires an advanced degree, account for the additional years of expense as. This rule of thumb for taking out student loans is simpler.

Never borrow more money than you can expect to make in salary your first year out of college. What kind of loans you take out matters. There are two types of student loans, federal and private.

Federal loans are funded by the government. Private loans are major by lenders like a bank or credit union. There are some key differences between. Federal loans come with more benefits and protections than private loans, things like fixed interest rates which are typically pretty low the average is from 4.

The interest on federal loans may be tax deductible, and certain students will qualify for subsidized loans which mean the government pays the interest while you are attending college. If you work in public service, you may be eligible for student loan forgiveness one day. If you are having trouble making your monthly payments, federal loans come with programs that can help you. Private loans are not subsidized, so you wht responsible for all of the.

The interest is likely what majors make money tax deductible. If you want to repay the loans early to avoid interest, you may be hit with a penalty fee. You can walk away from business debts half a dozen times in this country, but you cannot walk away from student loan debt under almost any circumstances. This last one is probably the biggest hurdle. People are unlikely to try to discharge student loan debt unless they are in default. Being in default will likely be interpreted as not fulfilling the last condition.

Apply for as many grants and scholarships as you. And if you can find your chosen career in the public sector, you may be eligible for student loan debt forgiveness. We talk a lot about early retirement mohey, but the meaning of retirement can be whatever you want it to be.

If you save, invest, and spend correctly, you can retire very early leaving you time to go back to school and start a second career. College is still worth it, but you have to have a game plan. Picking a school, you can afford without taking out six figures in debt is as important as picking a major that will allow you to mxke off whatever debt you do incur in a timely way. But there is surely whhat on this list that you could, if not be in love with, be reasonably happy doing at least koney you were in a position to do something you do love.

We’ve made a list of the best tools and services out there to help you grow your income and save money. Listen Money Matters is reader-supported. When you wwhat through links on our site, we may earn an affiliate commission. How we make money. Get our best strategies, tools, and support sent straight to your inbox. Sign Up, It’s Free.

What’s next? Ready to whatt action? Want to dive deeper? Looking for related topics? Find your best job, get hired, promoted and handle all the mone along the way.

Want to earn better grades?

Which college majors pay the most? Researcher Hannah Kwak looks into the top college majors in demand offering high earnings after graduation. College should be about preparing you for a career, so choose a major that is most likely to help you get a job after you graduate. And never, ever major in philosophy. Given that college tuition is rising and more students are graduating with student loan debt than ever before, statements like these have become the popular opinion. In general, majoring in STEM does lead to higher-paying jobs and to lower rates of unemployment than majoring in the liberal arts. Take a look:. The top 10 majors with the highest median earnings all fall under STEM. However, framing the conversation in terms of STEM versus the liberal arts can be misleading. Here are four exceptions and complications that impact the value of college majors. What these people often overlook, however, is that plenty of pre-professional majors lead to lower earnings than the liberal arts. In other words, the majors which tend to receive the most criticism from the public are far from being the worst offenders, at least when it comes to earnings potential. For comparison, other majors with the lowest earnings at the 25th percentile include counseling psychology, theology and religious vocations, and visual and performing arts. This is because some STEM majors lead to high earnings only after the completion of graduate school. According to the CEW, biology and life sciences majors get the largest return to a graduate degree percent.