Posts about salary

Highest Paying Fields at Mid Career in USA: Engineering, Science and Math

Payscale has again provided details on average salaries by major for various fields. Once again engineering, math and science dominate. For this data they define mid-career as those with 10+ years of experience.

The top 15 bachelor degrees by mid-career salary were all from those 3 fields. And the median salary was $168,000 for petroleum engineering degrees (at the top) to $107,000 for Aerospace Engineering and Computer Science and Mathematics (tied for 14th).

The starting salaries for those with these degrees ranged from $58,000 for Actuarial Mathematics (though by mid-career salary they were in 3rd place at $119,000) to $101,000 for petroleum engineering. My guess is petroleum engineering salaries will decline from their current highs (as they have done in previous oil price busts). The second highest paying bachelor degree starting salary was for mining engineering at $71,500 – with most of the other fairly close to that amount.

Nuclear engineering pay started at a median of $68,200 before rising to the 2nd highest mid-career level of $121,000.

Payscale also provided data based on master’s degree field. Again petroleum engineering was in first place by mid-career ($173,000). Nurse anesthesia was in second at $159,000 and held the first spot for starting median salary ($139,000).

Taxation is the only filed that is obviously not STEM (science, technology, engineering and math) related which had the lowest initial median salary of $60,700 but was tied for 5th for mid career salary at $126,000. Technology management and operations research are also not STEM fields though are a bit related to the STEM area.

PhD degree’s with the highest mid-career median earning are again all STEM fields. Economics is one many people probably don’t think of as STEM but it is (as a social science) and really it is largely mathematics at this point.

Many of the PhD starting salaries are at $100,000 (or close). The disciplines with the highest mid-career median salaries are: Electrical and Computer Engineering $142,000; Computer Engineering $139,000; Chemical Engineering $138,000; Biomedical Engineering, $137,000; and Economics $134,000.

Related: No Surprise, Engineering Graduates Pay Continue to Reign Supreme (2012)The Time to Payback the Investment in a College Education in the USA Today is Nearly as Low as Ever, Surprisingly (2014)Engineering Again Dominates The Highest Paying College Degree Programs (2011)Earnings by College Major” Engineers and Scientists at the Top (2013)Looking at the Value of Different College Degrees

Engineering Graduates Get Top Salary Offers

table of highest paid degrees

Most lucrative college degrees by David Ellis, CNNMoney.com:

The data reflects, college seniors in most majors are experiencing an increase in starting-salary offers, according to a quarterly survey published by the National Association of Colleges & Employers’ (NACE). 83 private and public schools were included in this survey.

Topping the list of highest-paid majors were chemical engineers who fetched $55,900 on average, followed by electrical engineering degrees at $52,899. Despite taking a 0.3 percent dip compared to the 2004-2005 academic year, mechanical engineers took third place with an average salary of $50,672.

Last year 6 of the to 7 highest paid degrees were in engineering (computer science was in 4th place). The graphic to the left leaves off: computer engineering, aerospace engineering and industrial engineering.

NACE press release on salary data

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