Top 5 Highest-Earning College Majors to Boost Future Success

collegeAn individual’s future earnings is largely dependent on the degree earned than the school. When finding the right college major, it is important to know which ones will pay you back and which will make it difficult for you to pay back loans. This list of college majors, ranked by salary, can help you project your future earnings.

Petroleum Engineering ($102,300 to $176,300)

Petroleum engineerings in the country receive an average pay that is more than reasonable, with their annual salaries in six-figures. They design and oversee the process of retreiving natural gas and oil from underneath the Earth’s surface. Most of them work for oil firms, while others work at research facilities or universities.

Males dominate this college major at 80 percent. Their salary is mostly influenced by career duration, followed by geography and the company. Nearly every petroleum engineer enjoy the medical, dental, and visual coverage. Majority of people in this field are very satisfied with their jobs.

Actuarial Mathematics ($60,800 to $119,600)

An actuary uses statistics, math, and financial theory to analyze the financial consequences of taking risks. They study future events, especially concerning to pension and insurance programs. Actuaries generally work for organizations that require financial risk management. These include consulting firms, insurance firms, the government, hospitals, investment firms, banks, and more.

This profession, which is dominated by male at 53 percent, has been consistently rated by The Jobs Rated Almanac as among the top jobs. Actuaries describe their job as interesting and challenging. They also enjoy a good working environment. This profession wordpress is more welcoming to women and the minority. Their salary increases based on the exams passed and experience.

Nuclear Engineering ($67,000 to $118,800)

Nuclear engineers are highly-paid because of their skills in Project Management and Systems Engineering. Their experience only has a moderate effect on their salary. They design and execute complex systems to make calculations and projections relevant to the company’s requirements. These engineers also use innovative computational methods to assess risks, predict effects, and for dynamic and statis events. They work in a reactor facility or in an office.

Chemical Engineering ($69,600 to $116,700)

Chemical engineers finds solutions to some of the world’s biggest problems, such as world hunger, pollution, and energy demands. They conduct research to improve the chemical manufacturing processes, making them more efficient and less hazardous to the environment. Chemical engineers, dominated by men at 81 percent, typically work in laboratories, using the most advanced technology.

Most positions only need a bachelor’s degree. However, higher salaries and leadership opportunities are available to chemical engineers with a master’s or a doctorate degree.

Electronics and Communications Engineering ($64,100 to $113,200)

An electronics and communications engineers design electronics that trigger the receive and transmitter functions of a wired or wireless communication system. These engineers may work in digital TV, computer networking, radio, satellite, or Internet technology. Their expertise in electronics design influences the performance of the system, including communication reach and connection clarity.

These engineers are mostly hired by the defense and telecommunications industries to create new systems or maintain the existing communications equipment. While most companies prefer to hire engineers with a bachelor’s degree, some may ask for a master’s degree.