13 of the Best Paying Majors
Choosing a major is a big deal and a hard choice. Most students don’t have the ease of going into college knowing exactly what they want to be doing the next forty years of their lives–those that do are rock stars of decision making, though!
If you don’t know exactly what you want to study in college, it may be helpful to think about majors that lead to lucrative careers. The Daily Beast recently published an article about the most useful college majors based on research from Georgetown University that charted two years of census data to determine the likelihood of positive financial returns in relation to college majors in conjunction with data from the Bureau of Labor Statistics about employment projections.
Still, choosing a major based on future monetary prospects isn’t the only factor that should go into your decision. Being able to head to class excited about what you’re learning is worth its weight in gold. So, hopefully financial success and passion with what your studying wind up going hand in hand. But in a rough economy, knowing you’ll have job stability might just be worth it for you.
Here are thirteen of the most useful college majors:
1. Nursing
Unemployment, recent grad: 4.0%
Unemployment, experienced grad: 1.9%
Earnings, recent grad: $48,000
Earnings, experienced grad: $64,000
2. Mechanical Engineer
Unemployment, recent grad: 8.6%
Unemployment, experienced grad: 3.8%
Earnings, recent grad: $58,000
Earnings, experienced grad: $86,000
3. Electrical Engineering
Unemployment, recent grad: 7.3%
Unemployment, experienced grad: 5.2%
Earnings, recent grad: $57,000
Earnings, experienced grad: $90,000
4. Civil Engineering
Unemployment, recent grad: 8.1%
Unemployment, experienced grad: 4.5%
Earnings, recent grad: $50,000
Earnings, experienced grad: $81,000
5. Computer Science
Unemployment, recent grad: 7.8%
Unemployment, experienced grad: 5.6%
Earnings, recent grad: $50,000
Earnings, experienced grad: $81,000
6. Finance
Unemployment, recent grad: 6.6%
Unemployment, experienced grad: 5.2%
Earnings, recent grad: $44,000
Earnings, experienced grad: $72,000
7. Marketing & Research
Unemployment, recent grad: 7.3%
Unemployment, experienced grad: 6.0%
Earnings, recent grad: $37,000
Earnings, experienced grad: $65,000
8. Mathematics
Unemployment, recent grad: 6.1%
Unemployment, experienced grad: 5.1%
Earnings, recent grad: $40,000
Earnings, experienced grad: $71,000
9. Accounting
Unemployment, recent grad: 6.8%
Unemployment, experienced grad: 4.8%
Earnings, recent grad: $43,000
Earnings, experienced grad: $65,000
10. French, German, Latin, and other Common Foreign Languages
Unemployment, recent grad: 7.9%
Unemployment, experienced grad: 4.8%
Earnings, recent grad: $32,000
Earnings, experienced grad: $50,000
11. Business
Unemployment, recent grad: 7.0%
Unemployment, experienced grad: 4.8%
Earnings, recent grad: $37,000
Earnings, experienced grad: $60,000
12. Elementary Education
Unemployment, recent grad: 4.8%
Unemployment, experienced grad: 3.4%
Earnings, recent grad: $33,000
Earnings, experienced grad: $40,000
13. Economics
Unemployment, recent grad: 9.4%
Unemployment, experienced grad: 5.7%
Earnings, recent grad: $48,000
Earnings, experienced grad: $76,000
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