Assess your engineering degree

Are you an engineering student? Are you concerned about your career prospects? Perhaps, you’re just fresh outta college and trying to decide which major you are going to pursue. Regardless of the situation you are in, let me help you with a ‘nudge’ in the right direction.

A recent study conducted by Georgetown University’s Center on Education and Workforce, finds that different undergraduate majors result in very different earnings. Actually, the difference in earning potential between the best and worst paying majors can be more than 300%!

 

Ever had second thoughts about enrolling into an undergraduate course? Here’s what the study says:

When considering the question of whether earning a college degree is worth the investment in these uncertain economic times, here is a number to keep in mind:

84 percent.

Yes, you read it right. That’s how much more you are supposed to earn than your colleague who does not have a Bachelor’s degree. Let’s dig deep and see what other interesting facts rear their heads.

The survey conducted on 171 majors in 15 categories, concludes that the highest earning majors are from engineering and computer science.  “The bottom line is that getting a degree matters, but what you take matters more,” said Anthony P. Carnevale, the Center‟s director.

Median Earnings by Major Group

Engineering makes up 8.2 percent of all majors. Electrical Engineering is most popular of the engineering majors. Also, women earn significantly less than men in this male dominated industry.

Here’s a list of top 10 engineering majors by earnings:

  1. Petroleum Engineering
  2. Aerospace Engineering
  3. Chemical Engineering
  4. Electrical Engineering
  5. Naval Architecture and Marine Engineering
  6. Mechanical Engineering
  7. Metallurgical Engineering
  8. Mining and Mineral Engineering
  9. Civil Engineering
  10. Engineering Mechanics Physics and Science

A meagre 32% of the engineers work in engineering fields. The rest work in management, sales and other services. Gladly, only 6% are unemployed. By earning a graduate degree, an engineer can boost his earning up to 56%. The highest percentage (64%) of engineers enrolling in graduate schools are from Nuclear Engineering.

Not an engineering major? No worries, hit the link below to find information on your field of interest.

[What’s it worth? The economic value of college majors]

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