The 16 highest-paying college majors, 5 years after graduation (2024)

If you're looking for a college degree with maximum earning potential, you'll want to be an engineer.

Engineering degrees took nine of the top 16 rankings for college majors with the highest income five years after graduation, according to a recent New York Federal Reserve study of full-time workers.

Computer engineering majors ranked first with an annual median salary of $80,000, followed by chemical engineering and computer science — the only two other majors that pay more than $75,000 annually.

The trend is expected to continue going forward too. STEM jobs — science, technology, engineering and mathematics — are expected to grow twice as fast as non-STEM jobs through 2031.

Here are the 16 highest-paying college majors:

The technical knowledge, mathematical proficiency and problem-solving abilities required in engineering are valuable across many industries. As such, the profession tends to have higher salaries compared to other occupations.

Engineers also get top dollar when they gain more experience. When looking at "mid-career" graduates — those ages 35 to 45 who are working full-time — engineering majors tend to make six figures.

Here's a look at the rankings for mid-career graduates:

Once again, chemical engineering is ranked first, with $133,000 in annual median income. Chemical engineers get paid well since they often work in lucrative sectors like oil and gas, pharmaceuticals and semiconductor manufacturing.

In contrast, the lowest paying majors tend to be in liberal arts or education. Early childhood education had the lowest pay for mid-career earners, with $48,000 in annual median income. That's only $8,000 more than the $40,000 early childhood educators make at the beginning of their careers.

Data for this annual study was compiled from U.S. Census data from 2022, the most recent available. The study excludes majors currently enrolled in school and is limited to a working age population aged 25 to 65, with a bachelor's degree or higher.

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The 16 highest-paying college majors, 5 years after graduation (1)

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The 16 highest-paying college majors, 5 years after graduation (2024)

FAQs

The 16 highest-paying college majors, 5 years after graduation? ›

The highest-paying major is engineering, which saw a 3.1% increase in projected earnings since 2023. Engineers design and build products, structures and technology systems. According to the BLS, architecture and engineering occupations earned a median annual salary of $83,700 as of 2022.

What is the highest-paying major 5 years after graduation? ›

College majors that pay the most five years after graduation
MajorMedian Wage Early CareerMedian Wage Mid Career
Computer Engineering$80,000$125,000
Aerospace Engineering$74,000$120,000
Electrical Engineering$72,000$112,000
Mechanical Engineering$70,000$111,000
6 more rows
May 3, 2024

What are the highest-paying college majors? ›

The highest-paying major is engineering, which saw a 3.1% increase in projected earnings since 2023. Engineers design and build products, structures and technology systems. According to the BLS, architecture and engineering occupations earned a median annual salary of $83,700 as of 2022.

How to make $100,000 a year with no degree? ›

9 jobs that pay $100K per year without a degree
  1. Information systems manager. ...
  2. Fire chief. ...
  3. Product manager. ...
  4. Senior engagement manager. ...
  5. Radiation therapist. ...
  6. Computer network architect. ...
  7. Senior real estate manager. ...
  8. Technical program manager.
Apr 18, 2024

What majors pay the most in the Fed? ›

The five non-engineering majors that came with the highest mid-career median wages in the New York Fed analysis were computer science, finance, economics, construction services, and business analytics.

What 4 year major makes the most money? ›

Five Highest-Paying Bachelor's Degrees
  1. Petroleum Engineering. The average salary for a petroleum engineer is $131,800. ...
  2. Aeronautics and Astronautics. ...
  3. Actuarial Mathematics. ...
  4. Computer Science. ...
  5. Business Computing.
Apr 8, 2024

What is the number #1 highest paying major? ›

College majors that pay the most for mid-career workers
1.Chemical engineering$133K
2.Computer engineering$125K
3.Aerospace engineering$120K
4.Electrical engineering$112K
5.Mechanical engineering$111K
11 more rows
Mar 14, 2024

What is the lowest paying major? ›

College majors that pay the least right after college
  • Theology + Religion $38,000.
  • Leisure + Hospitality $39,700.
  • General Social Sciences $40,000.
  • History $40,000.
  • Miscellaneous Biological Science $40,000.
  • Fine Arts $40,000.
  • Treatment Therapy $40,000.
  • Nutrition Sciences $40,000.
Mar 24, 2024

What is the safest degree to get? ›

If you want to make the most money possible right after college, study to be an engineer. As a major, it's the safest bet in terms of earning power. Engineering degrees occupy nine of the top 16 college majors with the highest incomes five years after graduation, a recent New York Federal Reserve study reveals.

What's the hardest major in college? ›

Recap: What Is the Hardest Major in College?
College MajorTime Spent Preparing for Class per Week
1. Architecture22.20 hrs
2. Chemical Engineering19.66 hrs
3. Aero and Astronautical Engineering19.24 hrs
4. Biomedical Engineering18.82 hrs
9 more rows

How to make 10k a month? ›

In this guide, we'll share the 10 best ways to make $10,000 per month, including:
  1. Sell Private Label Rights (PLR) products 📝
  2. Start a dropshipping online business 📦
  3. Start a blog and leverage ad income 💻
  4. Freelance your skills 🎨
  5. Fulfillment By Amazon (FBA) 📚
  6. Flip vintage apparel, furniture, and decor 🛋
Feb 23, 2024

What 4 year degree makes 6 figures? ›

Management occupations offer the most six-figure salaries with 12 jobs paying over $100,000. Engineering, Math, Computer, and IT combined offer 12 jobs paying over $100,000. Art, Sales, and Transportation each offer one six-figure job.

How to make $80,000 a year without a degree? ›

work from home no degree 80k jobs
  1. Physical Therapist - Full-Time - Float. Boost Physical Therapy & Sports Performance. ...
  2. Sous Chef. Enso Village. ...
  3. HVAC Service Technician. ...
  4. Outside Sales Professional. ...
  5. Manager Trainee - McComb. ...
  6. What are your desired job types? ...
  7. HVAC SERVICE TECHNICIANS. ...
  8. Entry Level Business Sales Role – 80k.

Which degree is most valuable in the USA? ›

STEM (science, technology, engineering, and math) degrees dominate the list of collegiate programs that lead to top-paying careers. While some bachelor's degrees in the humanities and social sciences don't typically offer high salaries, they can provide a foundation for a graduate degree and a more lucrative career.

What major makes you a lot of money? ›

Chemical Engineering

This major is consistently one of the highest-paying. Chemical engineering students learn to create new technologies involving chemicals, drugs, and other products.

What degree is most in demand in the future? ›

Top 6 Degrees that are in demand in future
  • cybersecurity. As our reliance on technology, cybersecurity has become one of the most useful degrees for the future. ...
  • Data Science. ...
  • Human Resources. ...
  • Business. ...
  • Economics. ...
  • Pharmacology.
Feb 20, 2024

What degree has the highest entry salary? ›

Aeronautics and astronautics round out the list.
  1. Physician Assistant Studies. ...
  2. Operations Research and Industrial Engineering. ...
  3. Petroleum Engineering. ...
  4. Nuclear Engineering Technology. ...
  5. Operations Research. ...
  6. Metallurgical Engineering. ...
  7. Computer Science and Engineering. ...
  8. Computer Engineering.

How to make 100k after college? ›

Table of Contents
  1. Some bachelor's degree jobs offer a high return.
  2. Construction Managers.
  3. Medical and Health Services Managers.
  4. Art Directors.
  5. Actuaries.
  6. Computer Network Architects.
  7. Medical Dosimetrists.
  8. Human Resources Managers.
Feb 8, 2024

What degree gives the highest return? ›

College majors with the highest and lowest return

A recent study published in the American Educational Research Journal found that engineering and computer science majors provide the highest returns in lifetime earnings, followed by business, health, and math and science majors.

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