College Degrees With the Highest Salaries in 2013
Not surprisingly, the last decade has seen workers in many industries, from retail to entertainment, experience drops in wages. Amid such turbulent economic times, which college degrees command the highest wages? A new study just released by the National Association of Colleges and Employers tracking the highest-paying college majors for the class of 2013 suggests if there are any fields that can still offer big paychecks, they're the technical lines of work.
"Engineering majors are consistently among the highest paid because the demand for them is so great," Marilyn Mackes, the executive director of NACE, said in a press release. Indeed, 7 of the 10 highest paying majors for the class of 2013 were related to engineering. The seven majors can lead to jobs with an average starting salary ranging from $62,200 to $93,500, the report says. (The NACE survey compiled data for more than 90 undergraduate majors from sources including the U.S. Bureau of Labor Statistics.)
And anyone earning a salary in such a range is starting off in a much higher income bracket than the average college graduate. As was reported by AOL Jobs, the average starting salary for a member of the class of 2012 was $44,259. (The NACE study is one of the first reports to have been released for the class of 2013, and was based on figures released in March.)
The top 10 college majors are rounded out by fields that require number and data crunching on computers, which means that liberal arts disciplines are not represented at all in the top 10. But that's probably the least surprising result of all.
Below is the list of top 10 college majors that lead to the best-paying jobs, along with average starting salary.
10. Finance -- Average starting income: $57,400.
9. Engineering Technology -- Average starting income: $62,200.
8. Management Information Systems/Business -- Average starting income: $63,100.
7. Electrical/Electronics and Communications Engineering -- Average starting income: $63,400.
6. Mechanical Engineering -- Average starting income: $64,400.
5. Aerospace/Aeronautical/Astronautical Engineering -- Average starting income: $64,400.
4. Computer Science -- Average starting income: $64,800.