fbpx

Do you want to earn a lot of money? This is what you should study

Engineers continue to be careers to study if what you are looking for is a good salary. Find out which ones

What should you study if you want to earn a lot of money?

The PayScale website, dedicated to providing information about salaries and compensation to companies and individuals, revealed what they call the College Salary Report for the year 2018.

Leer en español: ¿Qué deberías estudiar si quieres ganar mucho dinero?

In this report, American universities are investigated to find out how much their graduates earn on average, but they also average salaries according to each career, which allows to know in fact which careers are the most lucrative.

With the costs of secondary education on the rise, knowing how much can be earned with each career can be very important information, although it is not the only thing to take into account.

PayScale divides salaries into two categories: Early Career Pay (salary at the beginning of the career) and Mid-career Pay (salary at the middle of the career). The first only takes into account the salary of graduates with five or less years of experience, the second, only graduates with 10 or more years of experience.

In addition, PayScale includes another metric in its report: High Meaning, which measures the percentage of graduates in a specific field who claim that their work makes the world a better place.

Petroleum engineering dominates

Although it may sound counterintuitive in a world that tries to reduce its consumption of petroleum products, the career that is dedicated to this field is positioned as the best pay of all, both for recent graduates and for experienced professionals.

The salary that a recent graduate of this career can expect to receive is $82,700 dollars and after 10 years of experience he can expect to earn more than double, some $ 183,600 dollars on average. As additional data, the study reports that 60% of petroleum engineering graduates consider that through their work the world becomes a better place.

Petroleum engineering is followed by industrial engineering, with a very similar income of $ 79,600 dollars per year for graduates with 0 to 5 years of experience and $ 166,300 dollars for those with more than 10 years of experience in the field.

Also read: Amazing! These 5 kids became millionaires with these ideas

In fact, seven of the top 10 income-earning careers are engineering, the other three involve knowledge of economics, finance, and mathematics.

For example, the third career that pays the most, and the first among those that are not economies, is actuarial mathematics, a discipline that is dedicated to applying statistical models for the evaluation of risk and uncertainty. This career is very much desired by insurers, brokers, and investment funds, because it provides very useful tools to deal with the unpredictability of the business. An actuary can earn $ 54,700 dollars per year as a recent graduate, but after 10 years of experience you can expect his salary could rise to $ 158,100 dollars per year.

Other professions that are in the top 10 of the best payouts include:

  • Chemical and biomolecular engineering
  • Public accounting
  • Aeronautical and aerospace engineering
  • Systems engineer

Do you want to earn a lot of money and feel that you make the world a better place?

Since the research also includes information about the degree of satisfaction of the graduates with the contribution of their career to the world, it is possible to find the career that best reconciles a good salary with a noble contribution.

In this case, the career you should study if you want to combine these two aspects is marine engineering. This career focuses on the construction of vessels, oil extraction platforms, and other oceanic infrastructure projects.

73% of the graduates of this profession ensure that through their work they make the world a better place, the number 10 in this area. At the same time, marine engineering ranks 12th among the best paid, with an average salary of $ 72,600 dollars per year for recent graduates, and $ 126,500 dollars per year for those who accumulate 10 years of experience.

 

LatinAmerican Post | Pedro Bernal
Translated from “¿Qué deberías estudiar si quieres ganar mucho dinero?”

Listen this article

 

More Articles

E-Learning

Follow Us

We use cookies to improve our website. By continuing to use this website, you are giving consent to cookies being used. More details…