The 7 best college majors to choose if you want to make a lot of money in your first job — and no surprise, they're are all in STEM
Engineering graduates earn some of the highest salaries among early-career workers.The report found that the highest-earners among recent graduates studied science and engineering in college.The highest-earning graduates majored in engineering and science, and earned a median salary of at least $70,000, according to an analysis by the New York Federal Reserve.New York Federal Reserve
collated data on how much recent college graduates earned, between the ages of 22 to 27 in 2021. The analysis was published in February and explored the labor market according to each college major. The data took into account the salaries of full-time workers with a bachelor's degree, and excludes those currently enrolled in school.
Two types of salaries were included in the report: early-career, which refers to graduates between 22 and 27 years old, and mid-career, which refers to graduates between 35 and 35 years old. The New York Federal Reserve found the seven highest-paying majors were in the STEM industries, specifically engineering and science majors. Notably, theOut of the seven best-earning majors, six were in engineering fields, while one was in science. Two of the top three majors specialized in computers.
Check out how much the highest-paying majors are earning, per the New York Fed's data. Additionally, statistics for underemployment — which means working in jobs that typically don't require a college degree, per the report — and unemployment rates for each listed major were also detailed.
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