Getting a college degree is considered an essential stepping stone to landing a well-paying job.
But tertiary education isn’t cheap – most students find it necessary to secure loans in order to pay off their tuition fees and other costs.
When choosing a major to pursue, many students will then try to find a balance between one that they’ll enjoy learning, and one that will lead to a job with decent wages.
If getting a high-salary job is important to you, then you may want to check out Glassdoor’s latest report on the best college majors to make that happen.
We combed through 500,000 resumes and salary reports to see which majors pay the most five years out of college https://t.co/8wMA6BU41X
— Glassdoor (@Glassdoor) October 17, 2016
The hiring and job review website analysed hundreds of thousands of resumes and corresponding salary reports in its database to determine which are the top 50 majors that sees graduates earning the most during the first five years out of college.
Top of the list is computer science – graduates can earn a median base salary of up to US$70,000 in their first five years working.
For each major, Glassdoor also identified three of the most popular entry-level jobs that fresh graduates take up upon entering the job market.
Here’s what you should major in if you want a high-paying job right out of college https://t.co/VZ1ZUTIDgP pic.twitter.com/9MxJerGnwo
— Fortune (@FortuneMagazine) October 18, 2016
If you’re hoping to become a software engineer, systems engineer, or web developer, then computer science is definitely the major for you.
“If college students want to land a high-paying job after graduation, they should strongly consider majoring in science, technology, engineering, or math (STEM),” advised Andrew Chamberlain, Glassdoor’s chief economist.
“STEM majors are in demand by the technology and health industries, which offer higher-paying jobs that are better protected from competition or automation,” he added.
Here are the Top 5 highest paying majors in the first 5 years out of college: #daybreak8 @Glassdoor pic.twitter.com/0RIEavUs5L
— Lauren Lowrey (@LaurenLowrey_8) October 17, 2016
In second place on the list is electrical engineering, with a median base salary of US$68,438, while mechanical engineering is the third highest-paying salary at US$68,000, followed by chemical engineering at US$65,000. Rounding out the top five is industrial engineering with a median base salary of US$64,381.
While STEM majors tend to lead to the highest-paying jobs, if that’s not your cup of tea, it’s good to note that other majors can also pay you generously.
For example, a nursing degree (#9 on the list) could get you a job as a registered nurse, licensed vocational nurse, or case manager, which could have you making nearly US$59,000 for your base annual salary.
Here are Glassdoor’s top 20 highest-paying college majors:
- Computer Science
- Median Base Salary: $70,000
- Popular Entry-Level Jobs: Software Engineer, Systems Engineer, Web Developer
- Electrical Engineering
- Median Base Salary: $68,438
- Popular Entry-Level Jobs: Electrical Engineer, Systems Engineer, Software Developer
- Mechanical Engineering
- Median Base Salary: $68,000
- Popular Entry-Level Jobs: Mechanical Engineer, Design Engineer, Project Engineer
- Chemical Engineering
- Median Base Salary: $65,000
- Popular Entry-Level Jobs: Chemical Engineer, Process Engineer, Project Engineer
- Industrial Engineering
- Median Base Salary: $64,381
- Popular Entry-Level Jobs: Industrial Engineer, Quality Engineer, Production Planner
- Information Technology
- Median Base Salary: $64,008
- Popular Entry-Level Jobs: Programmer Analyst, Technical Support, Systems Engineer
- Civil Engineering
- Median Base Salary: $61,500
- Popular Entry-Level Jobs: Civil Engineer, Structural Engineer, Field Engineer
- Statistics
- Median Base Salary: $60,000
- Popular Entry-Level Jobs: Data Analyst, Statistician, Data Scientist
- Nursing
- Median Base Salary: $58,928
- Popular Entry-Level Jobs: Registered Nurse, Licensed Vocational Nurse, Case Manager
- Management Information Systems
- Median Base Salary: $58,000
- Popular Entry-Level Jobs: Network Administrator, Help Desk Analyst, Business Analyst
- Finance
- Median Base Salary: $54,900
- Popular Entry-Level Jobs: Financial Analyst, Investment Banking Analyst, Accountant
- Mathematics
- Median Base Salary: $54,018
- Popular Entry-Level Jobs: Math Teacher, Software Engineer, Data Analyst
- Biomedical Engineering
- Median Base Salary: $52,814
- Popular Entry-Level Jobs: Biomedical Engineer, Service Engineer, Clinical Research Associate
- Accounting
- Median Base Salary: $52,000
- Popular Entry-Level Jobs: Accountant, Auditor, Financial Analyst
- Economics
- Median Base Salary: $52,000
- Popular Entry-Level Jobs: Financial Analyst, Management Analyst, Accountant
- Physics
- Median Base Salary: $50,000
- Popular Entry-Level Jobs: Physicist, Research Fellow, Computer Programmer
- Biotechnology
- Median Base Salary: $50,000
- Popular Entry-Level Jobs: Laboratory Technician, Quality Control Analyst, Research Associate
- Architecture
- Median Base Salary: $50,000
- Popular Entry-Level Jobs: Architect, CAD Designer, Project Designer
- Fashion Design
- Median Base Salary: $50,000
- Popular Entry-Level Jobs: Fashion Designer, Textile Designer, Stylist
- Business
- Median Base Salary: $47,850
- Popular Entry-Level Jobs: Account Manager, Marketing Manager, Market Research Analyst
For the full list of the 50 highest-paying college majors, check out Glassdoor.com.
Image via Pexels
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