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Moneymaking Majors

Financial security may or may not be at the top of a college student’s list of reasons for choosing a major. But, the current state of the economy may leave some students, particularly those pursuing a liberal arts degree, wondering if financial security is in their future at all. From 2009 to 2010, the number of job openings for recent graduates with a bachelor’s degree obtained from a traditional or online school dropped 22 percent. This is an especially valid issue in terms of loan repayment and graduate’s financial stability. Unemployment for this age group and education level is currently above 7 percent.

College tuition rises each year, with rates increasing as high as 23 percent for private schools and 30 percent for public schools in the past decade. But salaries are not rising respectively. According to surveys conducted by the National Association of Colleges and Employers, the average salary of a person with a bachelor’s degree has dropped 1.7 percent in the past year alone. These days, moneyis an issue for students to consider, and whether they come out ahead or in debt ten years after graduation may depend on the major they choose.

Newsweek recently compiled a list of the “Best Majors for Big Paychecks,” as a resource for students seeking financial security. The majors were selected based on average starting and mid-career level salaries. The data does not include professions that require an advanceddegree.

Engineering graduates make a mean salary of $ 90,600. The top 10 percent of the field earn close to $ 136,000.

Economics graduates earn a mean salary of $ 96,320. The highest earners of the field make around $ 153,210.

Physics graduates earn a make salary of $ 111,250. The top 10 percent of the field earn around $ 165,750.

Computer Science graduates earn a mean salary of $ 78,010. The highest earners of the field make around $ 115,050.

Statistics/Math graduates make a mean salary of $ 93,920. The top 10 percent of the field earn around $ 142,460.

Biochemistry graduates earn a mean salary of $ 88,550. The highest earners of the field make around $ 138,820.

Construction Management graduates make a mean salary of $ 93,290. The top 10 percent of the field earn around $ 151,630.

Finance graduates earn a mean salary of $ 85,240. The highest earners of the field make around $ 139,350.

Information Systems graduates make a mean salary of $ 120,640. The top 10 percent of the field earn around $ 166,400.

Geology graduates earn a mean salary of $ 92,710. The highest earners of the field make around $ 161,260.

Alli writes about Online Education for University-bound.com – a resource site for those interested in earning a degree online.

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