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The 10 Best Paying Degrees in 2022

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The higher your level of education the higher your future earnings. Not necessarily. A Master’s degree in one field can land a college graduate significantly more than a Master’s degree in another field. Choosing a major that not only interests you, but also has a high demand will win you higher future earnings. Which fields of study have the highest earnings potential ?

10. Economics

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9. Physics

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With engineering careers taking the top spots as most desired college degree to earn, it only makes sense for physics majors to also find many career opportunities in these same areas after graduation.

8. Statistics

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With an estimated job growth of 27 percent over the next 10 years, both private and government employers need your skills as a statistician. With your Bachelor’s degree in mathematics or statistics, your future looks financially secure.

Statisticians earn an average salary of $54,900 at entry level. By mid-career, you can look forward to earning a salary of approximately $103,100. Government employers tend to pay more than private employers but this could change as more private industry’s need for statisticians expands. Managers must look at the world’s economy, not just local economies, in order to stay competitive in today’s marketplaces.

7. Computer Science

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Working for companies like Google or the SAS Institute may not seem possible even with an excellent GPA and a Bachelor’s degree in computer science. You impress the recruiters from these top information technology companies by putting in some extra work.

Internships and courses that challenge your presentation skills put your name higher on a recruiter’s list. Take extra classes in coding so you become an expert in the field. These talents will can help you find a job with an entry level salary of $56,500.

6. Computer and Information Systems Manager

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Companies want people who can keep up with changes in technology and implement these changes so their company stays competitive. To work with a Fortune 500 company, you will need a Bachelor’s degree in fields related to communications or computer science. Experienced IT managers make $120,000 a year and you can earn more with an M.B.A.  At entry level, you can expect an annual salary of $76,420.

IT managers work in all industries and the demand will grow by an estimated 17 percent through 2022. You will need work experience to qualify for most IT management positions. Working in the field of information security will give you the experience needed for an IT security manager.

5. Game Design

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Your love of video gaming can lead to a high paying career in game design, production and programming.

The technical and artistic expertise needed to design consul, computer and mobile games incorporates several programs into one degree. Computer science, project management and multimedia production courses combine to help you create what gamers want.

Game design graduates can earn $75,000 yearly. Experienced audio professionals, programmers and game producers earn $81,000 to $ $92,000 yearly. Internships along with producing and distributing your games while attending college can give you an advantage in the gaming market.

4. M.B.A

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If you look to business administration as a career, the major you choose makes a huge difference in the salary you can expect to earn. A Master’s degree in business administration opens doors to:

  • Entrepreneur
  • Marketing Management
  • Economics
  • Finance
  • Accounting

An M.B.A in strategy, the most in-demand profession in the business administration field, has an average entry level salary of just over $93,000. Finance and real estate management follow with entry level salaries averaging $78,900.

An M.B.A in human resource management, on the other hand, offers a relatively low starting salary of $36,000 to $74,800 depending on the environment and economy of the location you choose to apply.

3. Applied and General Mathematics

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Careers requiring a Bachelor’s degree in mathematics, like statisticians, educators and actuaries do not all lead to well-paying jobs. You can find great satisfaction in any of these fields but by mid-career, you may find you’ve reached the top of the pay scale.

Creating a broader range of career choices for your post graduate career means taking some classes in:

  • Business Administration
  • Computer Science
  • Accounting
  • Writing and Communications

With a little extra education, you can find work in actuarial mathematics. Actuary careers will grow by an estimated 23 percent over the next 10 years and have an average starting salary of $94,000. If you enjoy forecasting financial risks using mathematics and economic trends as your research tool, this career will fit you well.

You need a Bachelor’s degree in economics, mathematics or actuarial science before passing the series of required actuarial exams related to your field of interest. Medical insurance companies have the highest demand for actuaries. More people signing up for insurance means the potential for future financial loses and they want plans in place to minimize these potential loses.

On the lower end of the pay scale, you find educators starting at $37,000 a year teaching at elementary and secondary grade levels.

2. Nursing

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The demand for registered nurses keeps rising as the Affordable Healthcare Act goes into full effect. Nurses work in all healthcare related environments and often act as liaisons between over-worked doctors and patients.

The top 10 percent of Registered Nurses earn $94,000 or more yearly. You can live comfortably on this salary, but taking your education a little further to nurse practitioner will allow you to live well at entry level.

You perform many of the same duties as a registered nurse while also acting as a primary care physician for patients. Most nurse practitioners work in a clinic under the supervision of a medical doctor. You can earn an entry level annual salary of $96,460 as a Nurse Practitioner.

1. Engineering

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Your degree in engineering earns the highest starting wage. The need for engineers in multiple fields makes graduates valuable to diverse industries. As an engineer with a Bachelor’s or Master’s degree, you can earn $3.4 million or more during your lifetime. This is an estimated $2.2 million more than a person with only a high school diploma.

Careers requiring engineer degrees with the highest entry level salary potential include:

  • Chemical
  • Nuclear
  • Computer
  • Environmental
  • Mathematical
  • Electrical

Graduates can expect starting salaries of $61,000 to $69,000 yearly in the above fields.

With a Master’s degree in Petroleum Engineering, your value to the industry and your starting salary increase substantially. At the entry level of this field, you can expect an annual salary of $102,000.

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