Choosing the field of study in universities and colleges and the type of degree has the greatest impact on the income of international students. In this article, we will examine the highest paying fields of study in America as well as the lowest paying salaries in this country.
10 Highest Paying College Degrees That Are Not in STEM Fields
According to a new analysis by the US Census Bureau, there are majors in the country that have the highest incomes and salaries. The president of an American university said about the rising cost of college that we should focus on the value proposition. Between sky-high tuition fees and hefty student loans, many students and their families are rethinking the value of a degree and college education. But ultimately, it’s the choice of major and type of degree that has the greatest impact on the return on investment spent on college education.
According to the latest immigration news and a new analysis of median earnings by the U.S. Census Bureau and bachelor’s degrees, students studying in the U.S. specifically in STEM fields earn more.
STEM fields include computer science, electrical engineering, mechanical engineering or economics, etc.
The highest paying majors in American colleges
The highest average annual salaries for applicants with a bachelor’s degree in the United States in 2022 are:
Field of Study | Annual income and salary |
Electronic Engineering | 121,600 US dollars |
Computer science engineering | 108,500 US dollars |
mechanical engineering | 106,200 US dollars |
Economy | 101,400 US dollars |
Engineering | 100,600 US dollars |
financial department | 99.900 USD |
Civil engineering and urban planning | 99.660 USD |
chemistry | 94.680 USD |
Mathematics | 86.650 USD |
political science | 86,380 USD |
Average income of all fields of study | 74.150 USD |
The report states that the skilled workforce working in the United States in these fields earns $100,000 or more annually. On the other hand, applicants with college degrees in elementary education, fine arts, family science, consumer science, and social work earned less than $60,000 per year.
The lowest paying majors in American colleges
The lowest average annual salary for applicants with a bachelor’s degree in the United States in 2022 is:
Field of Study | Annual income and salary |
Family science and consumer science | 52.850 USD |
beautiful arts | 53,450 USD |
Elementary Education | 54.900 USD |
social work | 55.060 USD |
General education | 58,000 US dollars |
Other educational qualifications | 58.120 USD |
Commercial art and graphic design | 59,770 USD |
Humanities | 61.380 USD |
Sports science, fitness, entertainment | 61,580 US dollars |
Other fields of study | 62.100 US dollars |
Average income of all fields of study | 74.150 USD |
The gender wage gap persists in high-paying jobs
The wage gap continues in all countries of the world. According to the US Census Bureau, men earn more than women in all fields of study. For example, women with a computer science degree earned about $91,990 and men with the same degree earned about $115,500, or women with an economics degree earned about $84,750 and men with the same degree earned about $107,300.
Stephanie O’Connell-Rodriguez, host of the “Money Confidential” podcast, said: “This job disparity begins immediately when women enter the workforce and continues throughout the ages.”
Consider the return of your education expenses
Studies show that getting a university degree comes with costs. According to The College Payoff, a report by the Georgetown University Center on Education and the Workforce, bachelor’s degree holders typically earn 75% more than those with a high school diploma.
“However, it’s important to consider your major before taking out student loans to pay for college,” said Robert Frank, editor-in-chief of The Princeton Review.
“As a general rule, students shouldn’t have more debt than they expect to earn in their first year after graduation,” he said. At the very least, it gives me an idea of what the real return on investment is going to be for my college education.”
Conclusion
Many of the highest paying majors in American colleges and universities are not STEM majors. In fact, the fields of engineering, finance, economics and political science are among the most lucrative fields of study in the United States. If you intend to study in American universities, colleges and higher education institutions and you do not have any information about this, the immigration attorneys of Istehabanati Immigration Institute will provide you with useful and useful guidance in this regard.
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