2010 Ten Highest Paying Degrees aka Engineering domination.

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Ripclawe

Banned
http://www.darwinsfinance.com/top-10-college-degrees-2010-best-majors/
The top 10 highest paying majors numbers are out from the National Association of Colleges and Employers and it’s a very interesting mix. The top slots are all very similar to the highest paying majors from the 2009 salary survey with some minor annual increases. The bottom of the list changed a bit. What I continue to find interesting is the strong demand for engineering degrees at the entry level even though many manufacturing companies are leading waves of layoffs given lack of demand during the recession.

Noticeably absent from the top 10 list are any financial, business or accounting related majors that dominated the list in 2008. Overall, the average salary for 2010 graduates is $48,351 which is down 2% last year’s average of $49,353. However, I noticed that when contrasting these highest paying salaries with last year’s list, most of these showed positive increases year over year for 2010 (hence, “in demand”):

Top 10 College Degrees by Highest Starting Salary
1. Petroleum Engineering $86,220

2. Chemical Engineering $65,142

3. Mining & Mineral Engineering $64,552

4. Computer Science $61,205

5. Computer Engineering $60,879

6. Electrical/Electronics & Communications Engineering $59,074

7. Mechanical Engineering $58,392

8. Industrial/Manufacturing Engineering $57,734

9. Aerospace/Aeronautical/ Astronautical Engineering $57,231

10. Information Sciences & Systems $54,038
 
Noooo, economics disappeared since the last list.

Which seems sadly appropriate given that I lost my job in the same time frame.
 
Automotive Engineer here! I assume these figure are in USD because I know engineers that make well over 6 figures a year here in Canada.
 
5. Computer Engineering $60,879

6. Electrical/Electronics & Communications Engineering $59,074

Electrical and Computer Engineering

This is going to sound a little bit strange, but I’ll just come out and say it – I am overpaid for the work I do. This isn’t to say that I do crap work or that the work I do is useless, but in terms of the experience and expertise I've accrued and my absolute productivity (I still have to spend a LOT of time learning), I am overpaid. Had I graduated (say) five to ten years ago and was making the statement at the same age, I’d have said the opposite.

Thing is, that’s where the market has headed, so even though I work substantially fewer hours than a lawyer my own age, I make more money than he does. It sucks that it should be so, but life isn’t fair. The new intake of grads this year is also grossly overpaid as even when they have zero experience at all they’re not too far off from what I'm on now and they’re making one and half times what I started on.
 
I wanted to go to college for engineering, too bad the system makes it so difficult for anyone to get into school that I'm literally unable to attend now, which is painful since most of the jobs out there are engineering.
 
Im a mech engineer for a consultancy in Australia with 3yrs exeperience (I actually work for an American company).

These salaries are about 15% higher than Australia, which I thought had a fairly high demand cause of our resources boom.

Is there still a fair bit of demand for engineers in the US, everything I see in the news says there are huge layoffs and theres currently a big recession in the US.
 
Electrical Engineering

Currently: $0.

Money spent on education: $200,000

-___-

Some day, I will get a job.
 
tf2fix.jpg
 
Booyah! I'm less than 10,000 off the mark for computer science with 2 less years of school than someone with a degree. I guess this worked out pretty well.
 
Currently have a B.Sc in Electrical and Computer Engineering. Couldn't find a job so started working in IT. Now after 2 years, I joined graduate school for a Masters in Information Systems Management, hopefully graduate before the end of this year. According to the chart, my future is bright. But its a mad world out there. There are tons of job openings, but all of them require experience, including the entry level ones.
 
MisterHero said:
screw you engineers

what are you good for anyways
Cellphones, TV, internet, software, hardware, cars, airplanes, buildings, bridges, etc :D Engineers are really the unsung heroes of modern society. They are the heroes we deserve, but not the ones we need. So we will hunt them.
 
RustyNails said:
Cellphones, TV, internet, software, hardware, cars, airplanes, buildings, bridges, etc :D Engineers are really the unsung heroes of modern society. They are the heroes we deserve, but not the ones we need. So we will hunt them.
Indeed. I want to make my artsy videogames but I need to respect the programming finesse that goes into them as well

Engineers are amazing especially with designs that we take for granted
 
Those numbers are nowhere near what you should expect starting out. Especially #10.

Yes, it's possible to make that much starting off, but the vast majority of people will not make that. The average starting IT job wants you to have 2-3 years of experience with whatever you're working with. I applied to damn near 50-60 jobs before I found my first job (which I started at around 30k a year).

I hope to making in the 50's-60's in 5-7 years (as I make myself more marketable via certifications).
 
elwes said:
Those numbers are nowhere near what you should expect starting out. Especially #10.

Yes, it's possible to make that much starting off, but the vast majority of people will not make that. The average starting IT job wants you to have 2-3 years of experience with whatever you're working with. I applied to damn near 50-60 jobs before I found my first job (which I started at around 30k a year).

I hope to making in the 50's-60's in 5-7 years (as I make myself more marketable via certifications).
Are you insinuating that the National Association of Colleges and Employers might try to fluff the numbers?

As if most studies didn't already have an agenda
 
Nice. Graduating from UIUC with a computer engineering degree in a few months. Though I'm pretty decided on grad school next year because I still don't trust the job market that much and I'd like to make some extra cash when I do go out on the workforce...to pay back all that damn student debt!
 
im in college (canada, so equivalent is community college for the states) for civil .. perhaps transportation engineering diploma. starting salary is around 46k-50k canadian. only abotu to finish my first of 3 years... but there are some co-ops coming up and i generally am ridiculousy excited to get into the field.

i've wasted 3 years doing philosophy/multimedia/english at a university, and don't even have a degree to show for it. the hands-on approach at college is awesome though.
 
MugthisNowWithLemon said:
Weird. Political science is missing from that list.

Didn't you hear? They just opened a big poli sci factory downtown! Plenty of high paying jobs for poli sci grads!
 
claviertekky said:
Electrical Engineering

Currently: $0.

Money spent on education: $200,000

-___-

Some day, I will get a job.

I find it amazing every time I read posts like that, how education is so different throughout the world.

I mean, here, I can go to any university I like and not pay a penny, but rather get money from the state.
Of course this changes if I choose something like a Elite Uni...but still.


Having a 200,000$ debt at such a young age is just INSANE....
 
Fjord said:
Don't worry. Econ wins these charts when they look at salary in 10 years or number of millionaires.

Engineers can become businessmen but businessmen can't be engineers.
 
Ripclawe said:
10. Information Sciences & Systems $54,038

I had to suck it down for a 34,000 long term contractor job, but I suppose with the benefits and other perks it comes out more comparable. (and the fact that I live in a low cost-of-living region!).

MIDWEST FTW!!!
 
dabig2 said:
I'd like to make some extra cash when I do go out on the workforce.
Something to think about, the amount of time you spend pursing that master's degree vs. the amount of money you lose by not working (along with the pay increases and working experience each year) may not be worth it.
 
The average starting salary for IT graduates here in London is around $30,000. This is London where a house that looks like garbage costs on average of $300,000. Ridiculous. I actually intend to move. I've just started the CISCO academy and hopefully will get a work placement in about 18 months assuming how well I do. I'm not particularly ambitious or career motivated though. As long as I'm comfortable I'm okay with that.

Credits card aren't much use in the grave
 
Dance In My Blood said:
Are you insinuating that the National Association of Colleges and Employers might try to fluff the numbers?

As if most studies didn't already have an agenda
These types of studies always have selection bias in that the data points are generally from people who report back. It's like those employment percentage numbers that schools trot out.

Having said that, wooo Comp/Software Eng!
 
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