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Best And Worst Money-Making College Majors

Wisdom
June 15, 2022

Undoubtedly, some subject majors are more profitable than others in terms of success and money. What were once the highest-paying careers are now dropping down to the least-paid and least-fashionable ones.

So which major should you opt for to earn yourself a big bag of cash in the future?

Let’s find out!

Alexander Mils/Pexels | Bachelor’s degree in engineering related fields can help you earn big bucks

Top 10 Majors

Graduates between the ages of 35 to 45, holding top majors degrees can earn a median salary of almost $103,700. For the survey, the cohort was defined as the group of people between the ages of 35 to 45 with a Bachelor’s degree and having full-time jobs. According to a survey conducted among the graduates between the ages of 35 and 45, the top-paying majors and their respective salaries were the following:

  1. Chemical engineering with an average earning $111k;
  2. Aerospace engineering with an average earning of $110K;
  3. Computer engineering with a median earning of $110k;
  4. Electrical engineering with a median earning of $107k;
  5. Mechanical engineering with a median pay of $104k;
  6. Graduates of pharmacy, civil engineering, miscellaneous engineering, and computer science had an average earning of $100k;
  7. Business analytics and finance graduates had a median salary of $95k.

Mikahil Nilov/Pexels | Chemical engineering is the most paying majors.

The Worst Paying Major

The lowest-paid major is Early childhood education with a median earning of $43.7k. There is a difference of $67.3k between the pay rate of the highest-paying major and a lowest-paying major. STEM-based majors generate higher income compared to graduates with majors in liberal arts. The survey also analyzed early career earnings of graduates between the age of 22 and 27 and found that the highest and lowest-paying majors still remained the same.

Katerina holmes/Pexels | Early childhood education is the least paying major

STEM-based majors, especially engineering, generated decent earnings throughout a graduate’s career. However, liberal arts majors, particularly education, were paid less consistently throughout. If you are a fresh graduate with a STEM-based major then your median pay starts at $70k and increases to $110k as you approach the age group of 35-45. For a major in family and consumer services, the median income starts at $32k and goes up to $51k as the graduate reaches the age of 35-45.

There you have it! Put this information to good use when deciding on your future educational journey!

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