Highest Paying Jobs for College Graduates
Choose the Best Field of Study
Just being a college graduate does not necessarily mean that you're going to get the highest paying jobs. The unemployment rate for college graduates is the highest now since 1970, according to the Bureau of Statistics.
It is very important to know the job trends and choose your major and type of college degree carefully. Certainly part of this decision is based on whether you're getting a bachelors degree, a master's degree or doctorate. For instance, a four-year degree in English will not necessarily get you a job, when a Masters degree in English can be utilized to become an English teacher. Another example would be a degree in psychology. This degree will be useful in the job market if you get further education to become a psychologist or psychiatrist or combine it with some business courses for a Human Resources job.
Higher Paying Jobs - Pros and Cons
Physicians, particularly surgeons, neurosurgeons, lawyers, psychiatrists or even dentists are some of the highest paying jobs. However, they require more education and quite often, huge student loans to complete that education. In addition, if they want to set up their own office, that is another huge expense, so it takes several years for them to even break even.
Top Choices for the Future in Business
Some of the degrees that are more marketable in today's world are bachelor’s degrees in business administration. Business administration degree employment actually rose 2.2% last year, which puts these graduates in a good position to find employment, and it is a very good career builder if you want to move up the ladder of success. Furthermore, this individual could move into accounting, management and analyst or insurance underwriting.
If you already have your bachelors degree in business, consider getting a Masters degree in business administration, as this will open doors into leadership and increase your income. According to a 2005, Forbes article the mid-career median pay is $109,000 annually. The Department of Labor states this is the preferred degree and often a requirement for employees in leadership positions. A few possible careers in the corporate world would include financial analyst, marketing manager and database administrator.
Technology and Communications
As we watch technology and communications advance at a rapid clip, a bachelor’s degree in computer and information sciences is a great career choice. Technology is one of the specialties currently in the greatest demand, and the average salary offered for graduates grew by 4.4% last year. Other potential careers linked to this degree are a computer systems administrator, database administrator, and computer programmer to name just a few.
Degrees in Healthcare
Healthcare positions are always looking for new employees. A bachelor’s degree in nursing or physical therapy will ensure you steady employment with a good salary. If you decide to get a masters degree in nursing you can be assured of employment in management, possibly teaching nursing students or you can specialize as a nurse practitioner.
If you are interested in healthcare but are not interested in hands-on work, than a bachelors degree in healthcare administration may be a good option. With this degree you would learn all aspects of overseeing healthcare, including financial management, human resources and policy making. In our economy these skilled professionals will always remain in demand. According to the Department of Labor, healthcare management positions are expected to grow approximately 14%.
Marketing and Communication Degrees
Another good choice for a bachelor's degree is marketing/communication. This degree lets you develop the skills necessary to identify customer needs and to effectively market a product or service. If you are already media savvy and looking for a stable career this may be a good choice for you, as you will have that extra edge over other potential employees. According to the Department of Labor employees in these fields tend to be the last to be downsized. This field can open up a career in marketing, public relations, and advertising or as a promotions manager.
Other Wise Choices
There are certainly many other careers that pay well and some of them are air traffic controllers, optometrists, pharmacists, airline pilots and sales managers to name just a few.
Engineering jobs also pay very well and it is wise to study math and science if you are interested in these fields. Petroleum engineers top the list, however, other excellent engineering jobs include chemical, electrical, materials science and engineering, aerospace, computer, and nuclear engineering. These are all good choices for job security that pays well.
Top 10 Occupation from 2004-2014
The top ten fasting growing occupation between 2004-2014 are:
- Home health aids
- Network systems and data communications analysts
- Medical assistants
- Physician assistants
- Computer software engineers
- Dental assistants
- Personal and home care aides
Not all of these even require a bachelor’s degree but they do require some type of formal training. For instance, home health aids and medical assistants usually require about six months of training in most states but, of course, they do not pay as well as those jobs that require a higher degree.
Graduation Day Cap
If you are getting ready to begin formal education or perhaps changing your occupation it is worthwhile to find out what type of job you are suited for and what type of demand this job has in the community. I believe all education is beneficial as it broadens our general knowledge base, but if you are driven to achieve a higher paying job it is important to understand the type and amount of education necessary to meet your goals. Typically college graduates are going to get the highest paying jobs.