In an uncertain job market, it's usual for current and prospective employees to take the safe bet. And, while there are no guarantees in life, a new study identifies the ten degrees that lead to the highest-paying jobs for recent graduates in their first four years out of college. Knowing what leads to significantly higher salaries can serve as a guidepost for Gen Z college students who are apprehensive about joining an uncertain economy rife with layoffs and, according to some experts, on the precipice of upheaval.
According to a poll conducted by the HEA Group, a higher education research and consulting firm, the top-paying majors are unsurprising—STEM occupations reign supreme. The survey also looked at how much the most popular degrees paid (using data from the US Department of Education representing the average salary for four years after graduation), and discovered that only three led to early-career wages of more than $50,000 per year on average.
Operations research has the highest usual early-career earnings, which leads to jobs for analysts that utilise arithmetic to examine and improve a company's performance. According to BLS data, there are only 104,200 operations research analysts employed, but the profession is expected to grow 23% faster than average this decade.
Computer science is the most popular of the high-paying disciplines, with degree holders making more than $105,000 per year—far more than the average full-time earnings in the United States, which is roughly $57,000. Meanwhile, nursing is the most popular and highest-paying major, with an annual income of more than $76,000, while a communications major can expect to make around $49,000.
Any aggregate ranking will only give a distorted image of what graduates can expect to earn. Location and employer are two factors that influence starting pay (for example, a communications professional may earn more directly out of school with a tech business than at a non-profit).
"College is more than just money. The HEA Group claims that "there are many intangible aspects that salary data simply cannot measure." "This new salary data allows prospective students to make more informed decisions as they examine individual programmes at colleges they are considering," according to the report.
Though there is ongoing discussion regarding the value of a college degree for U.S. employees, research has concluded that it is usually worthwhile, and the HEA Group's assessment also reveals that those with a bachelor's degree out-earn those with an associate degree or a postsecondary certificate.
However, there are always shades of grey. A STEM graduate with an associate degree can nonetheless achieve success:In your early career, a physical science associate degree can lead to annual earnings of roughly $85,000. Furthermore, an associate degree in nursing makes little less than $67,000 per year, which is comparable to nursing bachelor degree holders.
The average earnings for bachelor's degree holders in the highest-paying majors are as follows:
1)Research into Operations: $112,000
2)$109,000 for Naval Architecture and Marine Engineering
3)$105,000 for computer science
4)$104,000 for marine transportation
5)$99,000 for computer engineering
6)$97,500 for veterinary medicine
7)$97,000 for Petroleum Engineering
8)$95,000 for Systems Engineering
9)$94,000 for Pharmaceutical Science
10)$92,000 for Electrical, Electronics, and Communications Engineering
The average earnings for the most frequent bachelor's degree degrees (in descending order of popularity) are as follows:
1)$58,000 for Business Administration
2)Nursing salary: $76,500
3)Psychology costs $43,000.
4)$47,000 for criminal justice
5)$64,000 in accounting costs
6)$49,000 for communications
7)$42,000 for teacher education
8)Biology costs $49,000.
9)$44,000 for Liberal Arts and Humanities
10)$47,000 for health and physical education
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