Both for short-term and for long-term wage growth, the most valuable degree programs are the ones that fall in the STEM fields. That is science, technology, engineering, and math.
This article will talk about the fields with degrees that can earn you the most money later in life.
It is natural that after the high costs of attending college, you would want to choose a degree program that will immediately help you pay off your education loans and will give you a career that will earn you plenty of money to live and enjoy a high standard of living after graduation.
A high-paying career is determined by your choice of the right degree program. A degree that will show a significant return and one that will secure you a comfortable and enjoyable retirement.
It is essential to think of your degree as a future investment. Some degrees you might want to consider for the satisfaction and possibility of growth in earnings are the following.
Engineering
The vast engineering field is a lucrative degree to work for and achieve. Engineering is on the top of the list for high earnings. According to a report on the Payscale, a degree in petroleum engineering can earn you as much as $201,000 annually with bonuses and profit-sharing.
Those men and women who just have an undergraduate degree can also generate a mid-career average salary of $93,000 annually in Bachelor’s of Science, Industrial Engineering degrees, and Operations Research.
Finance
As a finance manager, you can work in securities, insurance, investments, and work as a manager for accounts of a corporation. The typical salary of finance managers in 2020 was around $134,180. If you become a financial analyst with only a bachelor’s degree, you would be eligible to earn $83,660.
MBA
Masters in Business Administration can be given salaries as high as $105,000. Those working in the technology, finance, and consulting departments earn the most. Other options to consider would be the Business Graduate Degree, graduates who can work in almost any field of business they choose and can even start their own company’s. Their salaries are very competitive, earning an average of between $39,000 to $109,000 annually.
Accounting
Excluding commissions, bonuses, and profit-sharing, an accountant’s average salary is $51,410. Every business requires an accountant, and hence they are very much in demand. They work in various fields, such as bookkeeping, payrolls, sales tracking, and audits.
IT
There is a great demand for plenty of jobs for people with a degree in Information Technology. An Information Technology manager earns up to $88,424 per year, plus the added bonus, commissions, and shares in the company’s profits. You can work as an IT consultant, a software developer, a computer forensic analyst, or in any other department as the demand for IT technicians is continuously growing.
Apart from the above, many more majors assure stable choices for a bright and promising future. So make a wise choice and pursue a degree that will offer you several opportunities to earn a high salary, ensuring a life full of comfort, security, and happiness.
