I know school just got out and summer just started, but it's never to early to think about your future! Those that are entering their final year of high school in a few months will be faced with making the critical decision of what major they'd like to study in the next stage of their education.
It seems as if most people today choose their majors based on which ones are the most stable and high paying, rather than which ones are in line with their true passions; and honestly, there's nothing wrong with that. For some people, money is motivation enough to stick with a major that they're not overly passionate about.
That being said, PayScale recently came out with a report listing the bachelor's degrees that could lead to the highest paying careers in 2016.
For the individuals who prioritize earnings over all, these may be majors worth considering:
1. Petroleum Engineering
$101,000 to $168,000
Petroleum engineering is a branch of engineering concerned with the activities related to the production of hydrocarbons (crude oil or gas).
2. Nuclear Engineering
$68,200 to $121,000
Nuclear engineering is a branch of engineering concerned with atomic and sub-atomic physics.
3. Actuarial Mathematics
$58,800 to $119,000
Actuarial Mathematics is a discipline that assesses financial risks related to insurance and finance using mathematics and statistics.
4. Chemical Engineering
$69,500 to $118,000
Chemical engineering is a branch of engineering that applies physical sciences, life science, mathematics and economics to produce chemicals, materials and energy.
5. Electronics and Communications Engineering
$65,000 to $116,000
Electronic communications engineering is a discipline that uses science and math to solve problems in the field of communications.
6. Computer Science Engineering
$69,100 to $115,000
Computer science engineering is a combination of computer science and computer engineering.
7. Systems Engineering
$67,100 to $114,000
Systems engineering is an interdisciplinary approach and means to enable the realization of successful systems.
8. Electrical Engineering
$67,000 to $114,000
Electrical engineering is a branch of engineering that deals with the study and application of electricity, electronics and electromagnetism.
9. Aeronautical Engineering
$65,100 to $113,000
Aeronautical engineering is a branch of engineering concerned with the development of air and space crafts.
10. Computer Engineering
$68,400 to $109,000
Computer engineering is a discipline that integrates several fields of electrical engineering and computer science required to developcomputer hardware and software.
Yeah, I know... It's quite a boring list. It looks like anything related to Engineering will keep you well paid. But what about other degrees? Here's a chart from Monster.ca that shows you the earnings premiums for various degrees in Canada:
Want to know what salaries your major could get you? See the full list by PayScale here.
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Definitions taken from Wikipedia