Top 15 specialties that practically guarantee a well-paid job - ForumDaily
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Top 15 specialties that practically guarantee a high-paying job

Getting a college degree is expensive. But along with it, students acquire many other benefits, one of which is the hope of a decent job. Choosing a college major is important to landing a high-paying position. Of course, everyone has the right to choose the subject that suits them, but you will benefit from learning about the best majors in college. Under the best Money Talks News implies specialties that bring the highest salary.

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The average starting salary for a college graduate is $55, down slightly from the previous year due to a roughly 911% decline in Big Tech salaries.

For jobs that only require a high school diploma, the average salary is $37, and that's after several years of work.

Methodology

Calculations are based on average starting salary; average salary after five years of work in this field; the most popular specialties; projected job growth rates; and whether a bachelor's degree or graduate school is needed.

How much does college cost

The cost of college varies greatly from state to state and from private to community colleges.

Average tuition costs range from $8 to $700, not including room and board.

According to Education Data, the cost of college has skyrocketed in the 20st century. Over the past 134 years, the total cost of obtaining a bachelor's degree has increased by an average of XNUMX%.

On the subject: How to get grants and scholarships to study at an American college: complete instructions

Some specialties, such as engineering, are more expensive. Business, education and fine arts are also in this category, while mathematics and sociology are cheaper.

According to a study conducted by Education Next, “most social science subjects and philosophy are relatively less expensive, while science, technology, and pre-professional programs such as nursing are more expensive.”

Average cost of tuition and fees

According to the 2023 Trends in College Pricing report, the average cost of tuition and fees for the 2021-22 school year was:

  • $39 in private colleges;
  • $10 for community colleges (state residents);
  • $28 at community colleges (out-of-state).

The same resource reports that the cost of accommodation and food was:

  • $14 in private colleges;
  • $12 at community colleges.
Financial help

Almost 85% of students receive some form of financial aid. Federal grants, averaging just over $10, went to 590% of students.

In 2022, the average aid amount for undergraduate students was $15. Graduate students received an average of $330 in financial aid.

Overall, students received $2021 billion in grants and $2022 billion in federal aid loans in the 140,6-94,7 school year.

The FAFSA (Free Application for Federal Student Aid) Act was passed in November 2022, making it easier to apply for financial aid, including adding categories and expanding Pell Grant eligibility.

For many degrees, you can take core courses at a community college and transfer to another institution in your field of study. Tuition at a public two-year college averages $3 per year.

STEM vs liberal arts

STEM (science, technology, engineering and math) majors are most often cited as good college degrees for higher career earnings than liberal arts.

Labor statistics consistently show steady or projected growth in STEM jobs.

While the visual and performing arts can feed the soul, careers in STEM fields often have significantly higher starting salaries than careers in the humanities.

Which College Degree Is Best for You?

It is important that you study something that interests you and suits your natural inclinations.

Make sure you study something that suits who you are and don't change who you are based on your major. Choosing a major in college doesn't have to lock you into one path for the rest of your life.

You can choose a major in your first year and change it the next year. This is fine.

Good communication skills are important in any profession. Critical thinking helps whether you're in project management or petroleum engineering.

When choosing a major in college, pay attention to what excites you and what turns you off. These are important signs of success in your career path.

Best College Majors for Well-Paying Jobs:

  • Engineering
  • Computer engineering
  • Computer science
  • Health Informatics
  • Nursing
  • Finance
  • Cybersecurity
  • Public administration
  • Economy
  • Construction management
  • Logistics
  • Physics
  • Marketing is
  • Game design
  • Pharmaceutical Sciences

When researching salaries for each specialty, keep in mind that they vary widely by state, region, and urban and rural centers.

The study looked at several job sites to determine starting salaries and primarily used data from the Bureau of Labor Statistics to determine average salaries.

Additionally, for comparison, the average job growth rate in the United States is 5%, according to the Bureau of Labor Statistics' Employment Outlook Index.

1. Engineering

There are many engineering career paths. The beginning of these paths is quite similar, but then there is a branching.

There are electrical engineering, industrial engineering, civil engineering, architectural engineering, marine engineering, nuclear engineering, petroleum engineering and chemical engineering.

Each type of engineering pays well, and while job growth is not particularly high, the unemployment rate is very low. Engineering is one of the safest professions for the labor market. College students have many career options.

Most engineering jobs require at least a bachelor's degree to get started. For example, environmental engineers can get a job with a bachelor's degree, but nuclear engineers typically require a master's or doctorate degree.

  • Starting salary: $ 68
  • Average salary: $ 100
  • Growth rates in 2020-2030: 4%
  • Is a postgraduate degree required: no, but people with a master's degree earn salaries almost 20% higher than those with a bachelor's degree. 41% of people working in engineering have a college degree.

2. Computer science

For this degree, you study the design, development, theories and applications of computer systems, as well as software development.

This may include occupations such as computer systems analyst or information systems manager. This is one of the best college majors because it can be applied to almost any field.

Software engineers will always find work; the unemployment rate is about 2%.

  • Starting salary: $ 75
  • Average salary: $ 131
  • Growth rates in 2020-2030: 21%
  • Is a postgraduate degree required: about a third of people working in the computer industry have a college degree.

3. Computer engineering

Computer engineers also work in development, design, and software, but focus more on computer architecture, such as hardware design, artificial intelligence, and operating systems.

Unemployment rates for these college majors are low. Occupations include application developers, IT specialists and firmware engineers.

Wages in this field have fallen slightly as Big Tech rebuilds in the wake of the pandemic.

  • Starting salary: $ 70
  • Average salary: $ 128
  • Growth rates in 2020-2030: 5%
  • Is a postgraduate degree required: about 40% of people working in this field have postgraduate education.

4. Informatics in healthcare

This relatively new career field is projected to have some of the highest job growth of any field at 32% (average is 8%).

This industry combines knowledge from healthcare and computer systems to create digital systems for all areas of medicine.

Health informatics develop systems for analyzing and processing data, as well as for digital communication between medical institutions and ensuring data security. Health information privacy laws are partly responsible for the rapid development of this area.

  • Starting salary: $ 89
  • Average salary: $ 101
  • Growth rates in 2020-2030: 28%
  • Is a postgraduate degree required: 57% of workers in this field reported that they have postgraduate education.

5. Nursing

Nursing as a college major combines STEM knowledge with people skills, making it a popular major. After receiving a nursing degree, healthcare professionals can work in different directions.

The highest paying nursing professions are nurse anesthetist ($195) and nurse midwife ($610).

Recently, it has become increasingly common for nurses to undergo additional training to become nurse practitioners. Nurse practitioners perform duties similar to those of doctors.

Nurse practitioners return to college to earn a master's or doctorate degree and must pass a national board certification exam. This field is growing very quickly at 40% and the average salary is $123.

  • Starting salary: $ 65
  • Average salary: $ 77
  • Growth rates in 2020-2030: 6%
  • Is a postgraduate degree required: 28% of nurses have higher education. You do not need a bachelor's degree to become a registered nurse.

6. Finance

There are many opportunities for business and accounting professionals. You can work in business administration, financial analysis and financial planning, as well as many other careers in the business world.

Management analysts, personal financial advisors, and project management specialists earn the highest average salaries.

Financial professionals often work in the real estate industry, and we all see the housing market's ability to generate income. Business administration is one of the most popular majors in college.

Unemployment in finance is less than 3%.

  • Starting salary: $ 55
  • Average salary: $ 95
  • Growth rates in 2020-2030: 9%
  • Is a postgraduate degree required: Just under a third of people working in finance have a college degree.

7. Cybersecurity

One of the best college majors in terms of today's job market and job growth is cybersecurity. This is one of the fastest growing areas.

Not all colleges offer this major, so you may want to major in information technology or the other computer majors mentioned earlier.

A doctorate or master's degree in this field is very beneficial. A chief information security officer can earn more than $475 per year.

  • Starting salary: $ 76
  • Average salary: $ 119
  • Growth rates in 2020-2030: 35% (fastest growing on the list)
  • Is a postgraduate degree required: about 25% of cybersecurity jobs require a master's degree.

8. Public administration

College students who earn a degree in political science or public administration can work in government, nonprofit organizations, and academic departments. They have the opportunity to become city managers, directors of non-profit organizations, work in human resources, or managers in public health.

The job of a public policy director pays very well. Although salaries vary, the average is $211.

A degree in public administration is well suited for people interested in attending law school. You can combine your desire to make the world a better place with a well-paid position. This area has a very low unemployment rate.

  • Starting salary: $ 51
  • Average salary: $ 122
  • Growth rates in 2020-2030: 6%
  • Is a postgraduate degree required: Yes, more than half of applicants have postgraduate education.

9. Economy

An economics major differs from a finance major in that it is a social science major and not a business major.

College graduates with this degree can become economists, financial analysts, management consultants, data scientists, and more.

This is a highly lucrative field that pays the most to people with college degrees. Almost 10% of Fortune 500 CEOs have a bachelor's degree in economics.

  • Starting salary: $ 65
  • Average salary: $ 105
  • Growth rates in 2020-2030: 6%
  • Is a postgraduate degree required: yes, more than half of the people working in this field have postgraduate education.

10. Construction management

Construction management is an excellent degree for those who have an interest in buildings, have good communication skills and can understand both cost analysis and the materials science of a project.

This is one of the best career options for bachelor's degree holders who do not want to pursue a master's degree.

Construction management salaries vary greatly depending on experience and specialized skills. Residential construction pays the least and civil or heavy-duty projects pay the most.

  • Starting salary: $ 54
  • Average salary: $ 98
  • Growth rates in 2020-2030: 8%
  • Is a postgraduate degree required: Most jobs require a bachelor's degree.

11. Logistics

Logistics is a college major that is experiencing job growth starting with an associate's degree that has a vocational focus.

The bachelor's degree focuses on transportation management, systems design, accounting and statistics, supply chain management, and human resources.

Logistics is another rapidly growing area. The pandemic has received widespread news coverage, with staffing shortages and other issues making headlines.

  • Starting salary: $ 41
  • Average salary: $ 77
  • Growth rates in 2020-2030: 28%
  • Is a postgraduate degree required: less than a quarter of workers in this field have postgraduate education.

12. Physics

Physics offers many job opportunities for college students if they are willing to pursue graduate study.

Astronomy, meteorology, photonics (the science of using light, such as in bar codes and lasers), climate science, education, robotics, games and more.

Physics is the study of how all things function, including space, time and energy. As a field, it has enormous flexibility allowing work in academic, research, business and scientific fields.

  • Starting salary: $ 61
  • Average salary: $ 152
  • Growth rates in 2020-2030: 8%
  • Is a postgraduate degree required: yes, at least 67% of people working in physics have a college degree. Most professions require a doctorate.

13. Marketing

Marketing, advertising, and public relations are non-technical careers that provide good salaries, relatively low unemployment rates, and do not require a college degree. Marketing deals with the promotion and advertising of goods and services.

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You can begin a career in this field with a high school diploma, although a bachelor's degree is required for advancement.

The starting salary is not that high, but marketing managers are well paid, so a few years of experience pays off.

  • Starting salary: $ 40
  • Average salary: $ 133
  • Growth rates in 2020-2030: 10%
  • Is a postgraduate degree required: not very much, only 18% of workers in this field have it.

14. Game design

Game design is a relatively new college major that is not offered everywhere. Other game design majors include software development and graphic design. Game design can be used in a variety of professions.

For example, journalism and education are increasingly using game design principles in reporting and teaching.

The gaming market is growing steadily after a major decline due to the pandemic. This is a strong international market, and jobs are growing even faster in the Middle East and Africa markets.

  • Starting salary: $ 62
  • Average salary: $ 79
  • Growth rates in 2020-2030: 15%
  • Is a postgraduate degree required: no.

15. Pharmaceutical Sciences

A bachelor's degree in pharmaceutical sciences opens the door to a variety of careers, although a degree is required to become a pharmacist.

One of the most lucrative careers for people with a bachelor's degree is pharmaceutical sales, where they earn an average of $70 per year.

Working as a pharmacist requires a Doctor of Pharmacy degree called a Pharm.D. Pharmacists work in hospitals, medical research, retail, and academic institutions.

Although job growth has been modest, average wages have increased by 20% over the past 64 years.

  • Starting salary: $ 56 038.
  • Average salary: $ 128
  • Growth rates in 2020-2030: 2%
  • Is a postgraduate degree required: Yes.

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