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Making Money: The Top 10 Highest Paying Degrees And Careers
Careers with high salaries
You must pick or major in the right degree if you dream of being paid massive salaries once you graduate from your respective college or university. Some degrees are more paying than others which mean an engineering or medical degree pay more than those of arts and social sciences. Obviously two different degrees don’t pay the same kind of salary scale which means when one degree holder is being offered a starting salary of $25,000 the other could be offered a much higher salary of $50,000.
A survey carried out by payscale reveals that engineering degree holders are the top of the earnings list. As a parent or student you may most likely spent thousands of dollars to get a degree and your strategy should be going for degrees that can bring in quick returns on the investments made. The survey revealed that a whopping figure of 7 out of the top ten highest paying degrees were in the field of engineering. Does that tell us that we should study engineering? Definitely if circumstances allow you because where there is money is where there is good life and job satisfaction.
Below are the top 10 highest paying degrees according to the survey carried out by pay scale.
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10. Nuclear Engineering
The last but not the least of the top ten highest paying degrees is that of nuclear engineering. Professionals in this field of engineering are a median starting salary of $ 65,000 and a mid career pay average of $97,800. Nuclear engineering degrees offer the best paying jobs because the industry is sensitive in nature and also the fact that few people enter this field.
9. Computer Science
Second from last in this list of top ten paying careers/degrees is that of computer science. Professionals in this field pocket a median starting salary of $56,600 and the figure increases to an average of $97,900 in their mid career. Today computer science is everything and it seems to be having a solution to every problem the world has. We are a society that mostly depends on computer technology whereby the demand far outweighs the supply and that is why people who work in this sector are one of the highest paid in the world. Therefore if you are a computer science graduate or are about to graduate you have no reason to worry. In fact a lucrative and high paying job is waiting you out there.
8. Applied Mathematics
Number eight in this list of the best paying degrees is that of applied mathematics. The median starting salary in this field is $52,600 which rises to a massive figure of $98,600 in mid-career. Maths is an always demanded subject which means graduates in this field can work in almost everywhere. Applied mathematics graduates can work in fields like finance, health, energy e.t.c.
Physics professionals are also one of the top paid in the world. Their median starting salary is $49,800 which stretches to $101,000 in mid-career. Professionals in the field of physics work in sectors like chemistry and oceanography.
6. Computer Engineering
At number six of the top highest paying degrees come in computer engineering. Computer engineering professionals are paid a median starting salary of $61,800 which increases to $101,000 during mid-career. The field of computer engineering is definitely new and that there are few qualified personel who are paid generously.
5. Aerospace Engineering
At number 5 of the top highest paying careers come that of aerospace engineering. Aerospace engineering professionals are offered a median starting salary of about $60,700 which stretches to a figure of $102,000 during mid-career period. Aerospace engineers are tasked with the design and creation of aircraft and other space objects like rockets. Designing and creating aircraft is definitely not easy but is fun and well paying.
4. Materials Science and Engineering
Materials science and engineering rounds comes in at number 4 of the top highest paying degrees. Professionals in this industry are paid a starting salary of $60,400 which increases to $103,000 during mid-career period. Material science engineers are tasked with the studying, manipulating and improvement of materials that are use for many purposes and in many fields.
3. Electrical Engineering
Rounding up our top 3 of the highest earning degrees is that of Electrical engineering. Electrical engineering graduates are offered a median starting salary of $61,300 which pushes up to $103,000 in mid-career period. Electrical engineering degrees offer graduates the opportunity to earn massive salaries but is competitive as compared to the other engineering degrees. Their job may involve manipulating and working on electricity production.
2. Chemical Engineering
Second from top in the highest paying degrees is that of chemical engineering. Graduates in this field are offered a starting salary of $64,500 which surges up to $109,000 in mid-career. Their main task is carrying out a well planned and extensive research in fields such as energy, electronics and food production.
1. Petroleum Engineering
Petroleum engineering is the highest degree. A graduate who holds a petroleum engineering degree is offered a starting salary of $97,900 which increases to $155,000 in mid-career. Industry sources indicate that a large number of the work force in this field are set to retire in the near future and hence more demand for qualified petroleum engineers. Also, the demand for energy is set to rise which means there is a high likelihood of the salary increasing.