Thursday, 9 November 2017

The Best and Worst Majors (and What You should Do if Yours Falls into the Latter Category)

If you are choosing a college major, it's normal to feel overwhelmed. There are many factors to consider before committing to a specific subject and industry, from money to stability. To offer some guidance on your decision, we outlined the highest-paying, the best and the worst majors – and what to do if your interests fall in a low-paying industry.
Highest-paying majors by degree
A study from PayScale* showed the best-paying jobs for associate's, bachelor's and master's degrees. These are 10 majors in each degree that pay you back, ranked by early- and mid-career salary.
Associate's Degree:
Instrumentation Technology: $42,900-$92,500
Radiation Therapy: $57,900-$87,500
Management Information Systems: $44,200-$78,800
Nuclear Medicine Technology: $57,900-$74,600
Construction Management: $43,100-$73,400
Electrical Engineering: $41,500-$73,200
Electrical Engineering Technology: $41,900-$72,600
Engineering: $39,700-$72,500
Nursing Science: $54,900-$72,400
Economics: $35,500-$72,400
Bachelor's Degree:
Petroleum Engineering: $94,600-$175,500
Actuarial Mathematics: $56,400-$131,700
Actuarial Science: $61,200-$130,800
Nuclear Engineering: $69,000-$127,500
Chemical Engineering: $70,300-$124,500
Marine Engineering: $73,900-$123,200
Economics and Mathematics: $60,000-$122,900
Geophysics: $54,100-$122,200
Cognitive Science: $54,000-$121,900
Electrical Power Engineering: $68,600-$119,100
Master's Degree
Nurse Anesthetist: $140,000-$156,000
Computer Science and Engineering: $95,900-$134,000
Operations Research: $80,800-$130,000
Electrical and Electronics Engineering: $79,500-$129,000
Taxation: $61,100-$129,000
Electrical Engineering: $79,900-$127,000
Technology Management: $65,900-$127,000
Chemical Engineering: $73,100-$125,000
Computer Engineering: $86,700-$125,000
Computer Science: $84,800-$125,000
*Information in this section was taken from an older version of PayScale's study. Overall worst majors
Money isn't everything, and there are plenty of other factors to think about when one is choosing an industry, like hiring demand and job satisfaction. All aspects considered, from pay to projected growth, Kiplinger put together a list of the worst majors:
Photography
Art
Radio and Television
Anthropology
Graphic Design
Paralegal Studies
Art History
Music
Exercise Science
Religious Studies
Advice for low-paying majors: The trends may suggest that the communications and art industries are not thriving, while the sciences and mathematics are. But this doesn't mean you should quit your passion without giving it a chance. "Studying a subject you're passionate about is a good idea, whether it's expected to pay well or not," said Stacy Rapacon, online editor at Kiplinger.com. "Just be so sure you go into it with reasonable expectations about what the future might hold for you when it comes to job prospects and potential pay." It all depends on how much you are willing to risk. Now on that note, if you have ambitions burning within you, you might look past the possibilities of low income and instability while focusing strictly on reaching your goals. Or you can find ways to pursue your passions on the side of a sufficient career. Just because you are interested in a given job doesn't mean you need to focus solely on that industry. There are many fields and skills you can study and master that might actually help you in your dream career. "I'd recommend trying to pick up some classes and experience in the fields that are considered more promising," said Rapacon. "You might be surprised to find that you do have some interest in a different field or that you can at least learn some useful skills."

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