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The editors at Affordabledegrees.Net decided to research the topic of: Major Decisions: Choose WiselyStudents today frequently choose majors based on what they're interested in rather than what benefits them; however, your choice in education attainment, major, and occupation could affect your bank account by millions of dollars over the span of your working life. Degrees & DollarsWork-Life Earnings by Educational Level ($ millions)- None to 8th grade - --936,000 - 9th to 12th grade - --1,099,000 - High school graduate - --1,371,000 - Some college - --1,632,000 - Associate's degree - --1,813,000 - Bachelor's degree - --2,422,000 - Master's degree - --2,834,000 - Professional degree - --4,159,000 - Doctorate degree - --3,525,000 Majors & MoneyWork-Life Earnings by Major - for those with Bachelor's degrees ($ millions)- Engineering 3.5 - Computers & Math 3.1 - Science & engineering-related 2.6 - Business 2.6 - Physical Science 2.6 - Social Science 2.5 - Communications 2.3 - Biological Sciences 2.3 - Literature 2.1 - Liberal Arts 2.1 - Psychology 2.0 - Arts 2.0 - Education 1.8 Work & WagesWork-Life Earnings by Occupation - for those with Bachelor's degrees ($ millions)- Architecture and engineering 3.4 - Computer and math 3.2 - Management 3.2 - Business and financial 2.7 - Healthcare practitioners & technicians 2.6 - Sales and related 2.5 - Science 2.5 - Arts and media 2.3 - Natural resources, construction, and maintenance 2.0 - Production, transportation, and material moving 1.9 - Education 1.8 - Community service and legal 1.8 - Office support 1.7 - Service 1.7 Top paying jobs by majorEngineering Majors- Rank Major/Occupation Experienced Median Pay - 1 Petroleum Engineering / Petroleum Engineer $172,000 - 2 Mechanical Engineering (ME) / Engineering Manager $105,000 - 3 Computer Engineering (CE) / Senior Software Engineer $99,200 - 4 Nuclear Engineering / Nuclear Engineer $98,400 - 5 Electrical Engineering (EE) / Senior Electrical Engineer $95,900 The Nation's top Engineering Schools- 1 Massachusetts Institute of Technology - 2 Stanford University - 3 University of California, Berkeley, - 4 California Institute of Technology - 5 Carnegie Mellon University Computer Science and Math Majors- Rank Major/Occupation Experienced Median Pay - 1 Mathematics / Actuary $136,000 - 2 Computer Science / Software Architect $117,000 - 3 Computer Science / Information Technology Consultant $94,500 - 4 Computer Science / Project Manager, Information Technology $93,900 - 5 Computer Science / Database Administrator $85,800 Top schools for Computer Science and Math majors- 1 Carnegie Mellon - 2 M.I.T. - 3 Stanford - 4 University of California, Berkeley - 5 Cornell Physical and Biological Science Majors- Rank Major/Occupation Experienced Median Pay - 1 Geophysics / Geophysicist $123,000 - 2 Geology / Petroleum Geologist $117,000 - 3 Biology / Clinical Research Associate (CRA) $91,700 - 4 Geology / Sr. Geologist $82,000 - 5 Chemistry / Research Scientist $77,300 Top Schools for Biological Science Studies- 1 Harvard - 2 M.I.T. - 3 Stanford - 4 University of California, Berkeley - 5 Yale Art and Design Majors- Rank Major/Occupation Experienced Median Pay - 1 Graphic Design / Creative Director $87,400 - 2 Fashion Design / Fashion Designer $74,300 - 3 Graphic Design / Marketing Manager $73,000 - 4 Graphic Design / Sr. Art Director $72,500 - 5 Interior Design / Senior Interior Designer $64,000 Top Schools for Art and Design majors- 1 Rhode Island School of Design - 2 Yale - 3 Maryland Institute College of Art - 4 Carnegie Mellon - 5 Virginia Commonwealth University Humanities Majors- Rank Major/Occupation Experienced Median Pay - 1 History / Intelligence Analyst $86,100 - 2 English / Technical Writer $67,400 - 3 Liberal Arts / Insurance Claims Adjuster $58,100 - 4 Foreign Languages / Employment Recruiter $56,100 - 5 Philosophy / Paralegal-Legal Assistant $51,600 Top Schools in the Humanities- 1 University of California, Berkeley - 2 Harvard - 3 Stanford - 4 Columbia - 5 Princeton Business Majors- Rank Major/Occupation Experienced Median Pay - 1 Accounting / Financial Controller $82,000 - 2 Construction Management / Project Manager, Construction $ Sources- http://www.census.gov/prod/2012pubs/acsbr11-04.pdf - http://www.payscale.com/college-salary-report-2013/popular-jobs-by-major - http://grad-schools.usnews.rankingsandreviews.com/best-graduate-schools/top-engineering-schools/eng-rankings - http://grad-schools.usnews.rankingsandreviews.com/best-graduate-schools/top-science-schools/biological-sciences-rankings - http://grad-schools.usnews.rankingsandreviews.com/best-graduate-schools/top-humanities-schools/english-rankings - http://grad-schools.usnews.rankingsandreviews.com/best-graduate-schools/top-fine-arts-schools/graphic-design-rankings - http://grad-schools.usnews.rankingsandreviews.com/best-graduate-schools/top-science-schools/computer-science-rankings - http://grad-schools.usnews.rankingsandreviews.com/best-graduate-schools/top-business-schools/mba-rankings - http://www.usnews.com/education/best-colleges/slideshows/11-hot-college-majors |