What Degree Pays The Most?
What Bachelor’s Degree Pays The Most?
Mastering the Paycheck: What Degree Pays the Highest Salaries:
After graduating from high school, a bachelor’s degree is a common next step. Yes, you can get an associate’s degree, which has a lot of benefits, but many people, including employers, prefer a four-year bachelor’s degree. These certifications can come in a variety of forms, ranging from liberal arts to hard sciences. With a bachelor’s degree, potential wages can be higher, there’s a better possibility of landing a variety of stable, expanding jobs, and bachelor’s degree holders can continue their education by enrolling in master’s or doctoral programs.
Going to college allows you to get a degree while also increasing your earning potential in the real world. According to 2020 statistics from the US Bureau of Labor Statistics, the median normal weekly earnings for a person with a bachelor’s degree in the United States is $1,305, compared to $781 for someone with only a high school education.
Furthermore, according to the Georgetown University Center on Education and the Workforce, a worker with a bachelor’s degree is likely to make 84 per cent more over the course of their career than someone with only a high school diploma. Some degrees are more profitable than others. These are the ten majors with the highest median beginning earnings for alumni with three years of post-college job experience with a bachelor’s degree, as well as the institutions where graduates earn the most in respective disciplines, according to PayScale data.
What Degree Pays The Most?
This article has listed the answer to one of the many asked questions “What Degree Pays The Most”. The College Salary Report demonstrates that the best bachelor degrees are largely STEM-oriented, meaning they are focused on science, technology, engineering, or math, which is in line with current trends. Year after year, STEM degrees are among the highest-paying degrees on the College Salary Report.
- Petroleum Engineer: A concentration in this field of engineering will teach you how to supervise the extraction of oil and natural gas from the soil. Chevron Corporation, British Petroleum, Conoco Phillips, Exxon Mobil, and other companies employ petroleum engineers. Petroleum engineering is a predominantly male-dominated sector, with women accounting for only 11 per cent or more of the workforce. A mid-career salary in petroleum engineering is estimated to range from $ 150,000 to $176,900.
- Electrical Engineering and Computer Science: With this degree, Students will be able to design and construct software, hardware, and software for a variety of applications and devices with this degree. In Electrical Engineering and Computer Science, a mid-career salary is expected to be between $ 120,000 and $142,200.
- Applied Economics and Management: Students with a degree in Implemented Economics and Management can learn how economic principles are applied in the actual world. Microeconomics, macroeconomics, and econometrics classes would be included in the curriculum. A mid-career salary in Applied Economics and Management is expected to be between $ 120,000 and $142,200.
- In today’s job market, a bachelor’s degree is almost a requirement for landing a rewarding, well-paying job with any chance of advancement; in fact, a bachelor’s degree is almost required for entry into most professional careers. Certain fields, such as teaching and engineering, require at least a bachelor’s degree to enrol.
Read Also: What Are The Least Stressful Majors?
Other Degree Pays The Most?
- Majors in Finance
It may seem self-evident, but learning about money will help you make more money. Money management can be difficult, and those who know how to do it well are in high demand. Financial education and understanding translate to high income and a plethora of job prospects. A bachelor’s degree in finance can help you secure a bright career.
Students who earn a bachelor’s degree in nursing virtually always have a job for the rest of their lives. Not only are these jobs described as significant and rewarding, but they also pay well. Registered nurses earn just under $70,000 per year, while nurse practitioners earn over $103,000. Every year, over a million job openings for nurses are posted in the United States, and with an ageing population, this demand is likely to grow over the next decade.
- Actuarial Science
Actuarial Science is a branch of mathematics that deals with prediction In the domains of finance, insurance, and accounting, actuary scientists are in high demand. Because of their abilities to assess risk using analytics, these individuals earn six-figure incomes for their capacity to assist businesses in minimizing losses. Many actuaries use their experience to advance to the position of financial manager, which offers a higher income and benefits package.
What Job Can You Do With A Degree
Various fields such as business, technology, and engineering are among the highest-paying for bachelor’s degree holders.
Marketing managers, aerospace engineers, and computer network architects all require a bachelor’s degree as the minimum education requirement. Bachelor’s degree holders can also work as actuaries, software developers, or physical scientists, with average annual salaries of above $100,000.
According to the Bureau of Labor Statistics, the highest-paying positions for bachelor’s degree holders are shown below.
- Chief Executives
- Computer and Information Systems Managers
- Architectural and Engineering Managers
- Airline Pilots, Copilots, and Flight Engineers
- Petroleum Engineers
- Marketing Managers
- Financial Managers
- Sales Managers
- Natural Sciences Managers
- Compensation and Benefits Managers
- Purchasing Managers
- Advertising and Promotions Managers
- Aerospace Engineers
- Public Relations and Fundraising Managers
- Computer Hardware Engineers
- Human Resources Managers
- Training and Development Managers
- Software Developers, Systems Software
- Computer Network Architects
- Nuclear Engineers
- Physical Scientists
- Chemical Engineers
- Software Developers, Applications
- Industrial Production Managers
- Electronics Engineers
- Sales Engineers
- U.S. Department of Education
- Mailing address:
- U.S. Department of Education
- 400 Maryland Avenue, SW
- Washington, D.C. 20202
Your academic journey should be guided by your aptitude and personal interest, but it’s also important to know which degrees typically lead to the most lucrative career paths. Visit The Official Website Of The U.S Department Of Education