Figuring out the perfect college major to choose may be confusing especially considering the diversity of careers. It is best to pick a major based on a person’s particular interests and abilities but pay is an important factor as well. Some of the highest paying college majors are:
According to the Bureau of Labor Statistics, the median pay for Petroleum engineers is $129,990 per year. Their job is to figure out new means to extract gas and oil from beneath the surface of the Earth in the most beneficial way. They may work at a drilling site, research laboratory or office. Typically they need a bachelor’s degree in petroleum engineering but a bachelor’s in mechanical or chemical engineering may suffice.
Computer Hardware Engineering
Mid-career may bring this major $110,000 a year. They solve problems and develop hardware for computers and electronics. They’re normally found in high-tech manufacturing firms and especially research laboratories. A bachelor’s degree from an accredited program is typically required.
Mid-career brings mathematicians to over $110,000. Their job is to research mathematical principles for the further development of math. They solve real-world problems by creating models for the engineering, science, government and business fields. They may work on teams for different companies. A bachelor’s degree may be sufficient for a job as a mathematician but a master’s degree in mathematics is typically the standard.
Physicists earn around $110,000 per year. They may aid in developing medical equipment and advanced materials with their physics background. They study the interaction of energy and matter while theoretical physicists study matters pertaining to the universe. Work environment may be the laboratory or observatory but mainly offices. To work for the federal government a bachelor’s may be needed while academia and research require a Ph.D.
Yearly salary is around $97,000. Actuaries utilize statistics, math, financial theory and modeling software to figure cost and probability of events. They minimize cost of risk of events by developing policies for clients and businesses. Workplace is usually the office. Actuaries must become certified and obtain a bachelor’s. Statistics, business and math are great focus areas.
Aerospace engineers make 107,830 yearly while electrical and electronic make $95,230. In addition computer science is a lucrative major. It is generally more desirable to employers to at least take some classes in the math and science areas.
David Milberg is a financial analyst in NYC with nearly 3 decades of experience in the finance industry. He is a long-time owner of Milberg Factors, a factoring and finance company with locations in New York, California, and North Carolina.