While choosing your degree is a very personal decision, there are a number of factors you should consider before finalizing your choice, like income. No matter what major you choose, you should have an idea of the income you can expect once you graduate to help you make decisions about where to go to school and what you can afford.
Those with bachelor’s degrees do tend to make more money than those without, but that isn’t a sure bet. Unsurprisingly, the majority of the highest paying college majors are in STEM fields, particularly engineering. According to the NSHSS 2018 Career Interest Survey, “STEM-related jobs have grown at three times the rate and earned an average of 12-30% more than non-STEM jobs in the past decade.”
Keep in mind that some of these highest paying majors do require more advanced degrees like a master’s or doctorate, so you should also do research on what sort of education you will need to help you decide if this is the right major for you.
Why Salary Should Factor Into Your College Major Decision
There are many reasons students choose their major: passion, talent, or career goals. However, considering your future salary can help you better understand the return on investment for your education.
Choosing a high-paying major could affect your ability to pay off student loans, save for the future, or achieve financial independence. That doesn’t mean income is the only factor, but it’s worth thinking about.
How We Chose These High-Paying Majors
The majors on this list are based on data compiled from sources like Glassdoor and the NSHSS Career Interest Survey. These sources offer real salary data from graduates and professionals in their early careers. Median base salaries reflect earnings right after graduation, giving students a realistic view of what they might earn with just a bachelor’s degree.
STEM Majors Dominate the List – Here’s Why
You’ll notice a common theme among the majors listed: most fall under the umbrella of STEM (science, technology, engineering, and mathematics). These fields are not only in high demand but also constantly evolving, leading to strong job security and consistent salary growth. Employers in STEM industries are often willing to pay more for specialized skills, which makes these majors a smart investment.
What Are the Highest Paying Majors?
According to research done by Glassdoor, here are some of the highest paying majors:
1. Computer Science
- Median Base Salary: $93,000 – $102,600
- Computer science graduates are in high demand, with roles such as software developers, information security analysts, and computer systems analysts commanding competitive salaries. For instance, information security analysts have a median salary of $102,600, while computer systems analysts earn around $99,270.
2. Electrical Engineering
- Median Base Salary: $80,000 – $100,000
- Electrical engineers design and develop electrical systems, and their skills are applicable across various industries. While specific median salary data for 2024 is limited, the range is estimated based on industry trends and comparable engineering roles.
3. Mechanical Engineering
- Median Base Salary: $60,000 – $70,000 (Entry-Level)
- Entry-level mechanical engineers can expect salaries ranging from $60,000 to $70,000, depending on factors like location and industry. Those in high-demand areas such as aerospace or energy may see higher starting salaries.
4. Chemical Engineering
- Median Base Salary: $137,000 (Average Salary)
- Chemical engineers have seen a rise in average salaries, reaching $137,000 in 2024. This increase reflects the growing demand and complexity of roles within the chemical industry.
5. Industrial Engineering
- Median Base Salary: $99,380
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Industrial engineers focus on eliminating wastefulness in production processes and can work in almost every industry from healthcare to manufacturing. Their main goal is to increase productivity and efficiency by managing numerous aspects of production. Entry level jobs include industrial engineer, quality engineer, and production planner.
Industrial engineers focus on optimizing systems and processes. As of 2023, they earned a median salary of $99,380, with the top 25% making $124,000.
6. Information Technology
- Median Base Salary: $64,008
- Information technologists keep computer systems running and can manage anything involved with computers, software, networks, intranets, websites, servers, databases, and telecommunications. Entry-level jobs in information technology include programmer analyst, technical support, and systems engineer.
While the previous data indicated a median base salary of $64,008, current figures suggest that IT professionals, including roles like computer network architects, earn a median salary of $120,520.
7. Civil Engineering
- Median Base Salary: $74,000 (Entry-Level)
- When you walk outside you see the work of civil engineers: bridges, roads, tunnels, airports, and so much more. They conceive, design, help build and maintain infrastructure projects all over the world. Entry level jobs for this major include civil engineer, structural engineer, and field engineer.
Entry-level civil engineers can expect a median starting salary of $74,000 in 2024, with variations based on location and specialization.
Entry-Level Jobs and Career Paths for These Majors
Understanding the types of roles available right after graduation can help you visualize your future. While many majors offer multiple career paths, most start with entry-level roles in design, development, analysis, or support.
From there, you might move into management, research, or even entrepreneurship. Planning your path now can give you an edge when you're applying for internships or your first job.
Other Factors to Consider When Choosing a Major
While salary potential is important, don’t forget to consider your interests, strengths, and long-term goals. A high-paying major won’t mean much if you’re not happy in the career it leads to. Think about your values—whether that’s work-life balance, creativity, flexibility, or making a social impact—and weigh them alongside income when making your decision.
Resources to Help You Decide on a College Major
If you're feeling stuck, you're not alone. Many students need help narrowing down their options. You can check out our article on how to choose a major or speak with your high school counselor for more guidance. Tools like career assessments, interest inventories, and college major quizzes can also help match you with the right academic path.