Determining what degree to earn in college is one of the most important decisions a person can make in their life. There are thousands of degrees to choose from, and many of them are completely useless in the real world. Many degrees are unable to provide lucrative career paths that will bring job security and steady income to graduates.
Luckily, it is easy to see which degrees provide the highest salaries straight out of school. Your starting salary will depend on your location, experience, degree, and the college you attended. However, there are also certain degrees that will provide the chance for large incomes no matter where you go to school. The following top 5 lucrative degrees will help you along on you way to financial success in the modern workforce without extended education.
Engineering degrees are degrees related to the engineering of products, processes, and construction. Most businesses require an engineer of some sort to help determine the best way to facilitate day-to-day business and the equipment necessary to do so. Engineering is still as lucrative as ever. Fewer people wish to go into engineering, seeing it as a difficult degree, which is one of the reasons why the degree plan remains in top demand. Engineering-related salaries were up nearly 8 percent at the end of 2011. Starting salaries range from $47,000 to $60,000, and continue to rise steadily with experience. An engineering Master’s degree can help you maximize your income and keep you at the top of your field.
Computer science majors run the world. They fix computers, write new programs, build networks, and discover new hardware to make computers run better and faster. The world of technology and computers is larger than ever. This makes obtaining a computer science degree a wise choice for job security and for income potential. Statistics hardware majors and software engineers are the most up-and-coming degrees, with a starting salary rise of 2 percent over 2010 salaries. The average starting salary for a computer science major is around $55,000 with room for fast and steady salary growth.
Accountants work with individuals and businesses to file their taxes and keep track of the spending and revenue throughout the year. Accountants are highly important to every company, and accounting accuracy is vital to every business. For this reason, certified accountants are some of the highest-paid workers from the start. The starting salary for accounting majors is about $45,000, and only goes up from there.
Management Information Systems
Management information systems is a wide degree with many uses. Usually, a person with a management information systems degree can get a job as a computer systems analyst or consultant for improving the information processes of a company. Someone working in management information systems works with companies to improve day-to-day business processes and helps facilitate the transfer of information inside a company and between different companies. The starting salary for this degree has risen over 5 percent from 2010 with an average starting salary of about $47,000. Many people with management information systems degrees can become top company managers or find lucrative independent consulting jobs.
A person with a business administration degree is capable of running nearly any business on multiple levels. Business admins can run reports, simplify processes, reduce waste, and facilitate the entire process of running a company. Business is still one of the top lucrative fields in the United States today. Today’s graduates are able to find jobs in nearly any company in the world, and the tools you receive in business administration school make you able to handle a variety of office environments. A business administration degree can also help you achieve a higher starting salary, and can also increase your chances of promotion. For maximum impact, study a specific business field and obtain an MBA in the same field. This will help you maximize your income potential.
This post details 5 great degrees for people headed out into the working world. While some are better than others, one like Business Administration provide a vast spectrum of knowledge, for more information read more.