The bachelor’s degree doesn’t have to be the new high school diploma. If you choose wisely, your bachelor’s degree may be all you need to get you a solid competitive edge in the current job market.
A 2018 report by the Council of Ontario Universities showed that 94 per cent of university graduates were employed within two years of graduation. It also found that they earned $1.1 million on average over a 40-year period, which is 58 per cent more than graduate from other post-secondary programs in Ontario.
Such indicates that a university education may still be the best way to secure a well-paying job.
According to University Magazine, the following 10 bachelor’s degrees will land you the highest average salaries in Canada for 2018:
10. Civil Engineering (Average salary: $80,000)
“Over the next few years, Canada’s economic growth is expected to boost investments in construction projects, which may lead to growth in employment in this sector."
9. Nursing (Average salary: $84,510)
“Job markets in healthcare are predicted to remain stable, especially given Canada’s aging population.”
8. Specialized Engineering (Average salary: $85,009)
“The median salary is projected to rise, but it can vary considerably across different disciplines in this field.”
7. Business Administration (Average salary: $85,508)
“According to Service Canada’s Canadian Occupational Projection System (COPS), the labour market has enough job openings to accommodate graduates until 2024.”
6. Software Engineering (Average salary: $90,001)
“The number of computer engineers needed is expected to grow in the next few years according to COPS, as a result of high business investment in the technology sector.”
5. Geosciences (Average salary: $100,006)
“A bachelor’s degree in geosciences can lead to work in mineral an petroleum exploration, environmental consulting and urban projects.”
4. Pharmacology (Average salary: $102,398)
“Upon obtaining a degree, you will also have to complete an exam with the Pharmacy Examination Board of Canada, complete an apprenticeship and become registered with your province’s college …The Government of Canada projects a shortage of pharmacists until at least 2024.”
3. Finance (Average salary: $103,376)
“Upon graduation, graduates will be eligible to work in a variety of financial roles such as security analyst, market research analyst, bank manager, mortgage broker or portfolio manager.”
2. Petroleum or Chemical Engineering (Average salary: $104,000)
“Petroleum and chemical engineers can expect employment by energy companies, research institutes and the government.”
1. Management Sciences (Average salary: $110,000 to $115,000)
“Potential jobs include administrative services, budget, management analysts and marketing managers.”
University Magazine also breaks down the tuition costs for each program listed above, as well as the potential jobs you can land after graduating from each of them. Read their full report here.