Study: Engineering, business majors poised for high salaries
As recent college graduates prepare to enter the job market, those who graduated with an engineering-related degree should be in good shape to earn a high salary over their lifetime, with business majors not far behind, Bloomberg reported.
Of the top 10 undergraduate majors with the highest median salaries, eight were in engineering, according to a study released yesterday by Georgetown University’s Center on Education and the Workforce.
On average, engineering majors earn $75,000 a year, and those with a graduate degree in engineering earn $99,000 a year.
About 25 percent of respondents reported majors in the business group, which had 13 subcategories including finance, marketing and accounting. Business majors on average make $60,000, and those with a graduate degree make $80,000.
Researchers categorized 171 undergraduate majors into 15 groups, including engineering, business, health, and law and public policy. They analyzed data from more than a half million respondents to the U.S. Census Bureau’s 2009 American Community Survey, who reported their undergraduate major and how much they earn. All were between the ages of 25 and 64.
To see the full Georgetown report, click here.