![]() ![]() ![]() Medicine (ranked 130 overall) followed at 92%, making $109,200. Music therapy majors (ranked 755 for mid-career salary), for example, led the category with 93% saying their work made the world better, but they made just $60,700 by mid-career. Payscale also asked alumni if they thought their work made the world a better place, which is defined in the chart below as “% High Meaning.” Many of the majors with the highest meaning are among the lowest paid. The table below shows the top 10 business-related fields in the Payscale’s mid-career salary ranking. Though the degree has fallen 10 places in the rank over the last three years, both its early and mid-career salaries have risen since 2019. The standard Business & Economics degree comes in 88th. While a more traditional business degree can offer more career flexibility, specializing in a business-related major can pay dividends in both early career and mid-career salary. 6, Applied Economics and Management at No. ![]() Respondents reported a starting salary of $59,800 and a mid-career salary of $147,700. The highest ranking major with a direct correlation to business school and education is public accounting, ranked at No. Business-related fields are also highly represented, adding to what Poets&Quants For Undergrads has long reported: Business-related degrees continue to be a good investment, though some more so than others. Unsurprisingly, an overwhelming majority of the top 25 majors are STEM related. However, by the middle of their careers, Payscale respondents claim to be making $187,300, which is $10,400 more than they reported three years ago. While Payscale ranks its majors by mid-career pay, Petroleum Engineering majors also have the highest early career pay at $93,200 – down $1,300 from 2019. (For what it’s worth, Metalsmithing is the least lucrative major with a starting and mid-career salary around $40K.) In all, it ranks 827 different college majors. Payscale’s annual salary report is based on a survey of 3.5 million respondents from more than 4,000 United States-based colleges and universities. Petroleum engineering is the daddy of them all, topping the survey for the third year in a row as the most lucrative college major.īUSINESS RELATED DEGREES ARE A GOOD INVESTMENT According to Payscale’s annual College Salary Report, STEM majors continue to have among the largest mid-career salaries of all the college majors. So what college majors have the best pay potential these days? Think anything STEM – science, technology, engineering, and math. In fact, a student’s major could have a greater impact on paying back those student loans than the college students choose to attend, according to Payscale, which collects salary data from individuals through online pay comparison tools. Tuitions are already high and getting higher, and more than half of college grads could have trouble paying back their student loans. It’s likely news to no one that while a college degree is still necessary for many of the most sought-after careers, paying for it is increasingly difficult. ![]()
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