Learn more about five degrees with high pay back
potential.
By Chloe
Jenkins-Sleczkowski
Do you want to pursue a degree that has the
potential to pay you back?
Great news: there are some degrees that are linked
to careers with high average pay, according to career experts, Hallie Crawford
and Dr. Rich Feller.
And while there are no guarantees that a specific
degree will help students land a high-paying gig, Crawford and Feller both agree
that well-paying careers tend to involve high levels of risk and responsibility.
This means that people in charge of running things - from entire businesses to
computer systems - tend to be rewarded for the skills they bring to the table,
according to the experts.
So, which degrees have the potential to give your
paycheck a healthy kick? Keep reading to learn
more...
Degree #1- Business
Administration
Looking for a way to hone your natural-born
leadership skills? A bachelor's degree in business administration - which could
have solid payback potential - might be a great option for
you.
In a business administration and management
program, students might learn to "be a whiz on how to budget, organize, plan,
hire, direct, control, and manage various kinds of organizations - from
entrepreneurial-type start-ups to multi-million-dollar corporations," according
to the "Top 10 College Majors" list published by the Princeton Review, an
organization that offers test preparation
services.
Often offered at the bachelor's degree levels,
typical major courses may include operations management, financial management,
and accounting, says the College Board, an educational organization that
administers tests like the SAT.
Potential Career Payback: Crawford says that since
business is a very general degree, it can be leveraged towards specializing in a
high-paying position and moving up the corporate ladder. Upper-level
opportunities could include general and operations managers, in which people
might oversee diverse operations across various areas of management in public or
private sector organizations, says the U.S. Department of Labor. Besides having
a considerable amount of work experience, many top executives have a bachelor's
or master's degree in business administration or in a subject related to their
field of work.
General and operations managers have an average
salary of $114,490, according to the Department of Labor, with New Jersey
($162,450), Rhode Island ($142,040), and Connecticut ($141,760) doling out the
top salaries for this career.*
Degree #1- Health Services
Administration
Are you ready to learn about how health care and
business interact? You're in luck, a bachelor's degree in health services
administration could teach you just that - and the payback potential isn't too
shabby either.
In a health services administration program,
students may take common courses like health care law and health care finance,
as well as "learn all aspects of overseeing health care facilities and the
services they provide," says the College Board.
Potential Career Payback: "This kind of degree is
helpful not only because it can lead to high paying careers like hospital
administration, medical center administration, government and research positions
like the CDC, but health care is one of the more stable industries in general,"
says Crawford. Depending on whether you earn a bachelor's or master's degree in
this field, you could be prepared to pursue a career as a health and medical
services manager. According to the U.S. Department of Labor, "prospective
medical and health services managers have a bachelor's degree in health
administration."
Master's degrees are also common, adds the
Department of Labor, in fields such as health services, business administration,
public health, long-term care administration, and public administration. Health
care executives may plan and coordinate medical and health services in a
hospital, physician's offices, or other health care
facilities.
Health and medical services managers have an
average salary of $96,030. Top paying states for this field include
Massachusetts ($112,690), Rhode Island ($112,260), and New York
($111,270).*
Degree #3- Computer
Science
Students in a bachelor's degree in computer
science usually learn to be well versed in all things computers - and could
potentially strive for careers with high average salaries - thanks to their
tech-savvy skills.
IT and information systems programs may include
common courses like computer science, computer programming, and math and
statistics, according to the U.S. Department of Labor. Often offered at the
bachelor's degree level, students in this type of program may also learn strong
technical skills that could be utilized in helping to solve a variety of
problems related to computer and IT systems, according to the College
Board.
Computer science programs may include common
courses like artificial intelligence, software engineering, and mathematics for
computer science, according to the College Board. Often offered at the
bachelor's degree level, students in this type of program may also learn the
skills needed to debug computer programming and solve other computer
problems.
Potential Career Payback: With a bachelor's degree
in a computer or information science related field, you could prepare to pursue
a cutting-edge position as a computer and information systems manager, notes the
Department of Labor. People in this career generally coordinate an
organization's computer-related activities and make sure they meet their
information technology goals.
Computer and information systems managers have an
average annual salary of $125,660. The best paying states for this field include
New York ($145,550), California ($144,240), and New Jersey
($143,710).*
Do you love balancing your checkbook and making
calculations? You could put your money skills to use - and prep to pursue a
career with payback potential - by earning a bachelor's degree in
accounting.
Accounting majors usually learn how to gather,
analyze, and interpret financial data, according to the College Board. In a
bachelor's in accounting program, students often learn how to make balance
sheets and evaluate a company's profitability, says the College
Board.
Potential Career Payback: Positions that support
people who make lots of money are much more likely to take in a high income,
says Feller. And this is exactly what you could be doing as an accountant by
helping ensure that financial statements are accurate and the organization runs
smoothly, according to the U.S. Department of
Labor.
A bachelor's degree in accounting is required to
pursue most accountant positions, which have an average annual salary of
$70,130. Accountants in District of Columbia ($86,030), New York ($85,070), and
New Jersey ($81,250) have the highest average
salaries.*
Are you intrigued by the Chrysler Building, the
Golden Gate Bridge, or the Seattle Space Needle? A bachelor's degree in
engineering generally focuses on understanding how constructions are designed -
and also has the potential for solid payback.
In a civil engineering program, students learn to
design big constructions using math and science, according to the College Board.
Civil engineering majors usually take commonly offered courses like strength of
materials, structural analysis and design, and engineering
economics.
Potential Career Payback: Civil engineers not only
supervise large construction projects, they also provide cost estimates for
equipment, material or labor. To obtain a license as a civil engineer, you must
first complete a bachelor's degree in civil engineering or one of its
specialties, notes the U.S. Department of Labor. The program must be accredited
by ABET, formerly known as the Accreditation Board for Engineering and
Technology. You will then need to pass the Fundamental of Engineer Test and may
need to meet other requirements, depending on the state, notes the Department of
Labor.
But the payoff could be big: Civil engineers have
an average annual salary of $82,710. However, in states like California
($95,070), Alaska ($91,420), and Texas ($89,840), civil engineers tend to earn
more.
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