10 Bachelors Degrees with Highest Paying Salaries

10 College Degrees With the Best Starting Salaries

Choosing a college major is a big decision. It can affect your career path and future earnings. This blog post explores the link between college majors and starting salaries.

Did you know that engineering and finance majors tend to earn the most money just five years after graduating? On the other hand, majors in liberal arts, performing arts, and theology typically lead to lower starting salaries according to a recent study by the New York Federal Reserve.

The job market is constantly changing. In April alone, over 175,000 new jobs were created! The biggest growth areas were in healthcare, food service, and local governments. Warmer weather also boosted hiring in retail and e-commerce delivery.

This information highlights the importance of considering both your interests and future earning potential when choosing a major. If you enjoy maths, science, and analysing information, a STEM field (Science, Technology, Engineering, and Maths) might be a great fit. STEM careers are known for offering some of the highest starting salaries.

However, if your passions lie in the liberal arts, performing arts, or theology, don’t be discouraged! There are many fulfilling career paths in these fields. Just be aware that you may need to consider additional factors like further education or pursuing specialised skills to maximise your earning potential.

This blog post has just scratched the surface of the connection between college majors and salaries. Stay tuned for the next section where we’ll delve deeper into specific high-paying and lower-paying majors to help you make an informed decision about your future.

1. Petroleum Engineering

Petroleum engineering involves designing methods to extract oil and gas from deposits below the Earth’s surface. Beyond high starting salaries, this field offers diverse career opportunities in areas like environmental safety and sustainability. Students often participate in internships with oil companies, gaining practical experience. Many programs also emphasise global energy markets, preparing graduates for international careers. Notable universities include Texas A&M, renowned for its industry connections and research facilities.

Average Starting Salary: $87,989
Eligibility: Strong background in mathematics, physics, and chemistry.
Course Duration: Typically 4 years.
Core Courses: Drilling engineering, well-testing, petroleum economics, and geology.
Target Students: Those interested in energy extraction and production.
Where to Apply: ABET-accredited programs at universities like Texas A&M and the University of Texas at Austin.

2. Computer Programming

Computer programming focuses on writing and testing code that enables software applications to function. In addition to lucrative starting salaries, this field provides strong job security and opportunities for remote work. Programmers are essential in virtually all industries, from finance to healthcare. Courses often include software engineering principles, debugging, and system architecture. Programs like those at MIT emphasize innovation and real-world problem-solving.

Average Starting Salary: $86,098
Eligibility: Strong proficiency in mathematics and logical reasoning.
Course Duration: Typically 4 years.
Core Courses: Programming languages, software development, algorithms.
Target Students: Students interested in coding and software solutions.
Where to Apply: Universities with strong computer science programs like MIT and Stanford University.

3. Computer Engineering

Computer engineering merges electrical engineering and computer science, focusing on the development of computer hardware and software. This interdisciplinary field offers diverse career paths, including roles in robotics, embedded systems, and network security.

Students benefit from hands-on projects and internships that enhance their technical skills. Institutions like Stanford University offer cutting-edge labs and collaborative research opportunities.

Average Starting Salary: $85,996
Eligibility: Background in maths, physics, and computer science.
Course Duration: Typically 4 years.
Core Courses: Computer architecture, electrical circuitry, software development.
Target Students: Those interested in designing hardware and integrating software.
Where to Apply: Top engineering schools like the University of California, Berkeley, and Georgia Tech.

4. Computer Science

Computer science covers a wide range of topics, from artificial intelligence to database management. Beyond theoretical knowledge, students engage in practical projects and internships that prepare them for various tech roles. This degree also provides a strong foundation for graduate studies. Leading programs at Carnegie Mellon University offer specialisations in cybersecurity, data science, and human-computer interaction.

Average Starting Salary: $85,766
Eligibility: Proficiency in mathematics and analytical skills.
Course Duration: Typically 4 years.
Core Courses: Data structures, algorithms, database design.
Target Students: Students interested in theoretical and applied computing.
Where to Apply: Institutions like Carnegie Mellon University and the University of Illinois Urbana-Champaign.

5. Electrical Engineering

Electrical engineering deals with the study and application of electricity, electronics, and electromagnetism. Graduates find roles in telecommunications, power generation, and consumer electronics. Programs emphasise both theoretical concepts and practical laboratory skills.

Students often work on interdisciplinary projects, enhancing their problem-solving abilities. Top schools like Caltech offer unique research opportunities in nanotechnology and renewable energy.

Average Starting Salary: $80,819
Eligibility: Strong foundation in maths and physics.
Course Duration: Typically 4 years.
Core Courses: Systems analysis, electrical circuitry, telecommunications.
Target Students: Those interested in electronics and communication systems.
Where to Apply: Schools such as the California Institute of Technology and the University of Michigan.

6. Operations Research

Operations research applies analytical methods to help organisations make better decisions. This field combines mathematics, statistics, and computer science to optimise processes in various industries, including logistics, healthcare, and finance. Students often engage in real-world projects and internships. Programs at institutions like Cornell University provide specialised training in areas like supply chain management and revenue optimisation.

Average Starting Salary: $80,166
Eligibility: Background in applied mathematics and statistics.
Course Duration: Typically 4 years.
Core Courses: Logistics, supply chain management, machine learning.
Target Students: Students interested in improving decision-making and operational efficiency.
Where to Apply: Universities like Cornell University and Columbia University.

8. Statistics

Statistics involves collecting, analysing, and interpreting data to make informed decisions. This field is crucial in industries like healthcare, finance, and government. Programs often include coursework in biostatistics, machine learning, and predictive modelling.

Students gain practical experience through internships and research projects. Harvard University offers one of the top programs, with extensive resources and expert faculty.

Average Starting Salary: $75,916
Eligibility: Strong background in mathematics.
Course Duration: Typically 4 years.
Core Courses: Probability, linear algebra, data analysis.
Target Students: Those interested in data interpretation and analysis.
Where to Apply: Top programs at Stanford University and Harvard University.

9. Applied Mathematics

Applied mathematics uses mathematical methods to solve practical problems in science, engineering, and industry. This degree equips students with skills in mathematical modelling, computational techniques, and statistical analysis. Graduates find roles in diverse fields, from aerospace to finance. MIT’s program is notable for its focus on interdisciplinary applications and cutting-edge research opportunities.

Average Starting Salary: $73,558
Eligibility: Strong proficiency in various branches of mathematics.
Course Duration: Typically 4 years.
Core Courses: Calculus, discrete mathematics, statistics.
Target Students: Students interested in the practical application of mathematical principles.
Where to Apply: Schools such as MIT and Princeton University.

10. Chemical Engineering

Chemical engineering combines principles of chemistry, physics, and biology to develop processes for manufacturing chemicals, pharmaceuticals, and other products. Students learn about process design, safety, and sustainability. Graduates work in industries ranging from energy to biotechnology. The University of California, Berkeley, offers a highly regarded program with a strong emphasis on innovation and research.

Average Starting Salary: $70,000
Eligibility: Background in chemistry, mathematics, and physics.
Course Duration: Typically 4 years.
Core Courses: Chemical kinetics, thermodynamics, process engineering.
Target Students: Those interested in chemical processes and industrial applications.
Where to Apply: Universities like the University of California, Berkeley, and the University of Wisconsin-Madison.

10. Chemical Engineering

These degrees not only offer high starting salaries but also provide a solid foundation for long-term career growth. When choosing a degree, it’s crucial to consider your interests and strengths, as well as the potential return on investment. For more information on these programs, prospective students should visit the official university websites and consult academic advisors to tailor their educational paths to their career aspirations.