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

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

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 earn more than $75,000 annually. They make roughly double that of the lowest-paid majors, which tend to be degrees in the liberal arts or humanities.

What majors tend to get paid the most after graduating? ›

Top 20 College majors with the highest salaries
  • Chemical Engineering. Engineering degrees are a common theme on this list. ...
  • Computer Engineering. ...
  • Aerospace Engineering. ...
  • Electrical Engineering. ...
  • Computer Science. ...
  • Mechanical Engineering. ...
  • Civil Engineering. ...
  • Industrial Engineering.
May 29, 2024

What are the top five highest paying college majors? ›

College majors that pay the most five years after graduation
MajorMedian Wage Early CareerMedian Wage Mid Career
Computer Science$78,000$110,000
Finance$66,000$104,000
Industrial Engineering$71,000$100,000
General Engineering$68,000$100,000
6 more rows
May 3, 2024

What college major has the highest income? ›

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.

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.

What is the number #1 highest paying major? ›

Chemical engineering was the highest-paying college major, with graduates earning $79,000 per year as a starting salary and $133,000 by mid-career. Business majors earned an early-career median wage range of $50,000-$66,000 per year. Computer science majors made an early-career median salary of $78,000 per year.

What is the lowest paying major? ›

College majors that pay the least for mid-career workers
  • Early Childhood Education $48,000.
  • General Education $52,000.
  • Elementary Education $52,000.
  • Secondary Education $55,000.
  • Miscellaneous Education $56,000.
  • Social Services $56,000.
  • Theology + Religion $56,000.
  • Special Education $57,000.
Mar 24, 2024

What degree makes the most millionaires? ›

  1. Engineering. Coming in at the top is engineering. ...
  2. Economics/Finance. It's no surprise to hear that studying Economics or Finance can help fast-track you towards being a millionaire. ...
  3. Politics. ...
  4. Mathematics. ...
  5. Computer Science. ...
  6. Law. ...
  7. MBA.
May 29, 2024

What four year degrees pay the most? ›

What Are the Highest-Paying Bachelor's Degrees?
  • Actuarial Mathematics. ...
  • Computer Science. ...
  • Business Computing. ...
  • Electrical Engineering. ...
  • Industrial Engineering. ...
  • Operations Research. ...
  • Applied Economics and Management. ...
  • Public Accounting. Public accountants create tax returns and financial statements for individuals and organizations.

How to make 100k out of 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 majors are most worth it? ›

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.

What is the highest paying degree in 2024? ›

1. Computer Science. First among the highest-paying majors in 2024 is Computer Science. Computer Science graduates can thank the tech sector's rapid growth that continues to create job opportunities for skilled professionals.

What degree will earn you the most money? ›

The highest-paying degree you can get – according to our graduate data – is one in Dentistry. It's a specialised and vocational subject area, where most graduates find professional work in a dental-related role soon after completing their studies.

Which college major has the highest unemployment rate? ›

Ranked: U.S. Majors with the Highest Unemployment Rates
RankU.S. MajorUnderemployment Rate
1🎨 Art History62.3%
2📘 Liberal Arts56.7%
3🖌️ Fine Arts55.5%
4🚀 Aerospace Engineering17.9%
7 more rows
Mar 30, 2024

What majors have the highest student debt? ›

Top 10 Majors With Greatest Student Debt
  • Behavioral Sciences ($42,822)
  • Religious Education ($31,984)
  • Culinary Arts and Related Services ($28,586)
  • Human Services, General ($28,586)
  • Education, General ($28,001)
  • Clinical, Counseling, and Applied Psychology ($27,439)
  • Literature ($26,987)
  • Natural Sciences ($26,912)
Oct 18, 2023

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 highest starting salary after college graduation? ›

Key insights: College graduate salaries

Engineering majors have the highest projected salary for the class of 2024 at $76,736, followed by computer science majors with a projected salary of $74,778. Humanities majors have the highest projected salary jump (28.9%), going from $52,938 in 2023 to $68,227 in 2024.

Which graduation degree has highest salary? ›

Industries like technology, finance, engineering, and healthcare often provide the highest-paying opportunities for graduates with bachelor's degrees. Tech-related roles such as software engineers or data analysts are known for competitive salaries due to high demand.

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

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