Top 5 College Majors with High Earning Potential
Want your kid to earn well after college? Here are five college majors that offer high-income potential:
1. Accounting
If numbers and finances fascinate you, accounting might be a good fit. With a strong demand for accountants to handle tasks like finance management and taxes, it often comes with a nice paycheck. As of 2020, the median annual wage for accountants was $73,560. And forget not, the job security in this field is pretty solid!
2. Business Administration
Graduating with a business administration degree can pave the way for an exciting career in varied fields, from financial analysis and HR to market research and real estate. Plus, leadership experience can elevate your career even further, potentially snagging an annual six-figure income, especially if you become a financial manager or market research analyst.
3. Computer Science
For the techies who love coding, a major in computer science opens doors to designing and creating software systems. It’s a dynamic field that requires problem-solving skills to tackle daily challenges. As tech continues to advance, lucrative jobs with impressive benefits are aplenty in this sector.
4. Nursing
The healthcare industry, especially nursing, is in high demand. Particularly nurse anesthetists can make almost $200,000 a year. Besides the good pay, nursing lets you start your career sooner. Getting certified could take anywhere from 16 months to four years.
5. Politics
How about contributing to society with a degree in politics? You could work in various sectors, including government or non-profit organizations. Positions range from drafting bills and assisting mayors to campaign work. A politics career paves the way to increase wealth over time.
While these are highly profitable majors, they’re just a small sample. Other options include law, pharmacy, and engineering. Remember while a major may offer great income potential, it’s vitally important to choose one that ignites your passion. You should enjoy what you’re studying and choose a career that is rewarding in every aspect. Invest time in research before making a decision.
And remember, everyone’s educational journey looks a bit different. Take your time considering your options and choose what’s right for you.