In this article, we will look at the 5 college degrees with the best starting salaries. We have also discussed the declining popularity of college education in the US in another article. If you are interested in reading about that along with a more extensive list, head straight to the 15 College Degrees With the Best Starting Salaries.
5. Software Engineering
Median Salary: $124,200
In 2022, Software Developers, Quality Assurance Analysts, and Testers earned a median pay of $124,200 annually or $59.71 per hour. Entry typically requires a Bachelor’s degree, with no prior work experience or on-the-job training necessary. The field boasted 1,795,300 jobs in 2022, with a projected job outlook of 25% growth from 2022 to 2032, much faster than average. This growth is expected to result in an additional 451,200 job openings within the mentioned decade, indicating ample opportunities in the industry for qualified professionals.
4. Aerospace Engineering
Median Salary: $126,880
In the aerospace engineering sector, top employment is seen in industries like Aerospace Product and Parts Manufacturing, Architectural, Engineering, and Related Services, and the Federal Executive Branch. The highest-paying industries include Scientific Research and Development Services and Semiconductor and Other Electronic Component Manufacturing, offering mean annual wages upwards of $140,000.
Geographically, California leads in aerospace engineering employment, with a significant concentration of jobs paying mean wages of around $139,840 annually. States like Texas, Florida, and Alabama also feature notable employment levels, each offering mean annual wages ranging from $115,860 to $139,000. However, states like New Mexico and Alabama boast high location quotients, indicating a concentration of aerospace engineering jobs relative to their employment landscape, with mean annual wages exceeding $124,000.
3. Computer Science
Median Salary: $131,490
Computer science is regarded as one of the best college degrees today due to its multifaceted benefits. Firstly, it offers lucrative career opportunities with high demand in various industries such as technology, finance, healthcare, and entertainment. Secondly, it fosters critical thinking, problem-solving, and analytical skills, which are invaluable in today’s fast-paced digital world. Additionally, computer science drives innovation, powering advancements in artificial intelligence, cybersecurity, and data analysis, shaping the future of technology. Moreover, the flexibility of computer science allows graduates to adapt to evolving job markets and explore diverse career paths. In a nutshell, its blend of practicality, intellectual challenge, and potential for societal impact make it a top choice for aspiring students seeking a rewarding and dynamic career.
2. Petroleum Engineering
Median Salary: $131,800
As the primary source of fuel for transportation, industry, and electricity generation, petroleum products are indispensable in modern society. Technological advancements enable the extraction of oil and gas from increasingly challenging environments, including deep-sea drilling and unconventional reservoirs like shale formations. Additionally, ongoing research focuses on enhancing extraction efficiency, reducing environmental impact, and diversifying energy sources. Moreover, emerging economies’ rapid industrialization drives the demand for petroleum products, ensuring a sustained need for skilled petroleum engineers. Thus, the field offers opportunities for innovation, career growth, and contributing to global energy security and sustainability.
1. Pharmacy
Median Salary: $132,750
One of the biggest reasons why this field is high paying is the extensive education and training required to become a pharmacist. Additionally, the role involves huge responsibility in ensuring proper medication dispensing and patient safety. Three prominent US companies that hire pharmacists are CVS Health, Walgreens Boots Alliance, and Walmart. It is the college degree with the best starting salary.
The demand for pharmacists is high due to population growth, aging demographics, and an increasing reliance on prescription medications. Moreover, the expansion of healthcare services and the complexity of pharmaceutical treatments further amplify the need for qualified pharmacy professionals.
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