According to the Bureau of Labour Statistics, someone with a bachelor's degree earns almost an average of $24,000 a year more than a high school graduate.1 Those with a college degree also may benefit from more career opportunities and greater opportunities for advancement. But not all degrees are created equal. The major picked in college can greatly impact your student's paycheck in the working world, and a good starting salary can mean the difference between leaving the nest and living with parents after graduation. So we wanted to know: what are the most valuable degrees?
Many of today's highest starting salaries are in research and development and technician roles. Whether you enjoy field work or lab work, the students on these career paths may not only experience higher starting salaries, they might also deal with fierce competition for coveted positions. The good news? While other students pursuing degrees in social work, culinary arts, and elementary education may struggle to find jobs after college, those in the mathematics, science and engineering fields will likely receive multiple job offers, as there is a high demand in the job market for these employees, but a low supply of people who can fill these roles.3
Whatever your child decides to study in college, there truly is a career out there for everyone, and encouraging your students to think outside the box with their field of study may lead to a great start in the working world. Whether they sit behind a desk or lab bench, these degrees really do pay for themselves.
1 Education Pays, Bureau of Labor Statistics, 2013
2 Career Information, Collegegrad.com, 2014
3 15 most valuable college majors, Forbes.com, 2012