Top College Degrees with the Highest Earnings
Top College Degrees with the Highest Earnings
Deciding on what to take in college is a difficult choice. Although following your passions might be an excellent basis, there are only so many vacancies for movie stars, football stars, models, and astronauts.
So, being practical might be the way forward. If you’re being reasonable, you can start thinking about where the money is too. I mean, what’s more practical than earning enough cash to pay your bills? What degrees have the graduate walking away from school and landing high paying jobs? What kind of subjects do the big dollars lay?
That is what we will try to find out as we look at the high-earning degrees that will make you the most money.
In this article, we’re looking at five degrees that could have you putting a dent in those student loans and paying off some fees in a matter of months.
In the U.S., there are more than 4500 universities with programs that vary and are quite expensive. The cost of a degree is based on both the tuition fees and the expenses students pay on rent, food, transportation, books, and others. There are many other expenses.
Some degree programs are free, while some are sponsored by grants. Others accept students on a non-profit basis. Getting a degree will probably cost these students the range of $0 up to $55,000 and maybe much more when you include living costs.
Today, we are looking at five degree programs that should see you getting back that outlay on the first year of employment.
First up and possibly the most lucrative of our five college degrees in Petroleum engineering. With an average basic pay of $108,000, this degree is a sure way to start earning big fast.
What is Petroleum engineering all about? It relates to the production of hydrocarbons, to be specific natural gas or crude oil. Once oil and gas exploration has occurred, it needs to be extracted from the source and refined into a usable energy source.
That’s where petroleum engineers come in. Petroleum engineering requires an extensive understanding of oil, water, and gas within porous rock at high pressure. People who graduated from a 4-year degree in petroleum engineering will need a deep understanding of math and science and must be prepared to work in faraway places.
These oil and gas workers can be offshore for months working on refineries, drilling rigs, and pipelines. Most engineers with 10 or 12 years of petroleum expertise can have almost doubled their salary earning up to $185,000 per year. This makes petroleum engineering the most lucrative career on our list.
Those who graduate in this field can expect to earn up to $70,000. This should reach $100,000 after 7 to 9 years. However, that’s just as a “salary” man.
Think about it. Steve Jobs and Bill Gates built financial empires in this field. With a piece of paper showing your credentials, the world can be your oyster. Though both Jobs and Gates dropped out of college yet still made a fortune without a degree.
Nonetheless, a good understanding of electronics, software, and hardware are needed to excel in this subject. You need to comprehend how things work and what happens when you assemble them together. It’s that simple, right?
Well, if you find electronic engineering to develop hardware and software and integrate several fields of computer science fun and is what you excel in, then this course for you.
Of course, you need a high-tech mode of thinking and the ability to design hard and software as and when required.
After ten years of high-tech problem solving, it is expected that you could make $115,000 a year. With that, your student loan will be just a distant memory.
Economics graduates can expect to start earning around $55,000.
This four-year degree studying the social-economic, history, and political relationships between people and finance might result in you making some serious money. Economists need to look at history as well as the trends of financial behavior and predict upcoming trends.
If the behavior and interactions of economic agents, including how selected individuals and financial markets keep you awake all night, then this is the degree for you. Don’t worry. If your financial predictions are wrong, a lot of economists get it wrong sometimes, or even most of the time.
After 10 years of experience in this field, you can make $125,000 per year as an analyst for a private company. You would probably find a safe and stable job working for a prominent international bank. Just keep a lookout for subprime mortgage loans being sold as triple-A bonds.
Those who graduate from this degree can expect to start at around $70,000 per year. They can reach up to $100,000 in 10 to 12 years.
Chemical engineers might not necessarily be stuck in a laboratory environment. They might find themselves working in various settings such as food manufacturing, green industries, and medicine or garden architecture.
If you have a fondness for the way elements work together in the world, your interest will help you tackle this subject. Also, if you once enjoyed accidentally setting fire to the science work-bench at school, this might be the route for you to take as a degree.
A starter is to learn the periodic table and memorize compounds in your head or in a notebook. However, you will need to keep up the game in class. This degree uses not only chemistry but also mathematics, physics, and economics to use, transform, produce and transport raw material, chemicals, microorganisms, living cells, and energy.
Chemical engineers get heavily involved with plant designs and operations. One might even find him or herself rubbing shoulders with the petroleum engineer at a refinery plant. These two may even share advice on the best high-rate investment schemes or compare sports cars.
Degree holders of applied mathematicians can expect to make $64,700 every year. Profound knowledge of math enables the student to solve problems that could save a company. After working with numbers in 10 years, you could make up to $100,000 per year.
Like the other degrees on our list, this one is rather difficult if you don’t have an interest in it. Applied mathematics focuses on the application of mathematical methods into different fields such as business, science, travel, engineering, and computer industries. Careers in mathematics are vast, but they all boil down to one core element, which is problem-solving.
When working as an applied mathematician, you may be tasked with solving the following puzzle: How can an airline use a more efficient intelligent scheduling program to reduce expenses and maximize profits? What you need to do is to sit down and crack that puzzle while making your employer heaps of extra cash in the process.
So, that’s it for our top five degrees that can earn the most money. Remember, these courses aren’t guaranteed to make you wealthy but armed with them, you have a pretty good chance of landing an excellent first job.
Being successful in a career cannot boil down to a piece of paper, but with excellent qualifications, you can get a head start in the race. Along with that educational background, you will need a sense of morals and ethics, social skills, good personal hygiene, and visible enthusiasm.
So, are you ready to take the plunge and get one of those degrees?
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