The Most Common Major With the Highest Earning Potential
As more Americans go to college and earn a diploma, it’s important to know which common majors offer the most earning potential.
Stacker, a data journalism website, looked at data analyzed by Learner from the Census Bureau via the University of Minnesota IPUMS to determine the most common college majors in the United States. It then looked at the median salary for those with a bachelor’s degree and those with a postgraduate degree (such as a master’s, professional and doctoral).
A business degree is the most common undergraduate major. As of 2022, around 8.5 million adults working full-time had a bachelor’s degree in a business-related field, according to data, and bout 2.9 million of these adults also earned a postgraduate degree in the field.
Here are the most common majors with the highest earning potential by bachelor’s degree only, ranked from lowest earning potential to highest, according to Stacker and Learner’s analyses.
10. Education
Bachelor’s degree only median salary: $50,000
9. Fine arts (tie)
Bachelor’s degree only median salary: $52,000
8. Psychology (tie)
Bachelor’s degree only median salary: $52,000
7. Communications
Bachelor’s degree only median salary: $57,000
6. Biology and life sciences
Bachelor’s degree only median salary: $62,000
5. Social sciences
Bachelor’s degree only median salary: $68,000
4. Medical and health sciences
Bachelor’s degree only median salary: $70,000
3. Business
Bachelor’s degree only median salary: $73,000
2. Computer/info sciences
Bachelor’s degree only median salary: $91,000
1. Engineering
Bachelor’s degree only median salary: $96,000
Here are the most common majors with the highest earning potential by postgraduate degree median salaries, ranked from lowest earning potential to highest, according to Stacker and Learner’s analyses.
9. Fine arts
Postgraduate degree median salary: $68,000
8. Education
Postgraduate degree median salary: $70,000
7. Psychology
Postgraduate degree median salary: $74,000
6. Biology and life sciences
Postgraduate degree median salary: $79,000
5. Medical and health sciences
Postgraduate degree median salary: $93,000
4. Social sciences
Postgraduate degree median salary: $99,000
3. Communications
Postgraduate degree median salary: $107,000
2. Computer/info sciences
Postgraduate degree median salary: $120,000
1. Engineering
Postgraduate degree median salary: $127,000
Origin Article: https://www.silive.com/education/2024/05/which-college-majors-have-the-highest-earning-potential.html