If you're helping your child save and prepare for college, or considering going back yourself, you may find yourself asking the question: is it really worth it? After all, the days of a guaranteed job with your diploma are gone, and college is exponentially more expensive than it used to be. These factors combine to make people considering getting a college degree wonder if potential return is worth the investment.
The Short Answer: Yes, It Is Of course, higher isn't for everyone, but as Forbes contributor Troy Onink claims, college is still worth the money. This claim comes with a caveat, which is, some majors are definitely more worthwhile than others. That's why we're going to talk about fields of study that increase the return on investment (ROI) for prospective students. College has never been less affordable, but there are degree paths that will pay off more than others when it's all said and done. Disclaimer: You Still Have to Work Hard Take this list with a grain of salt, because no one is guaranteed to be more successful than anyone else simply because they chose to study a certain area. With that in mind, these are the majors that tend to lead to the biggest paydays (without going to graduate school for an advanced degree). Engineering Notice we didn't specify any specific type of engineering? That's because according to a Glassdoor study, they're all similarly high-paying, and it doesn't really matter if you're studying chemical engineering, mechanical engineering, or any of the other areas. Computer Science and IT Although the technical fields have become more popular in recent years, entry-level jobs in those fields are some of the highest paying available. For other majors looking to add a skill to their resume, it's never a bad idea to learn how to code. Statistics and Math The math fields are highly sought after, mainly because so few people are interested and/or able to master the skills that these fields develop. Math degree programs tend to be some of the smallest at any college. Sciences: Biology, Biotech, Physics, etc. These are more fields of a highly technical nature, meaning that grads in these fields have a lot more demanded of them than other areas. Business: Accounting, Finance, etc. Because there are so many careers that demand basic business skills, business grads end up employed quickly after college and have access to more high-paying jobs. If your child/you are considering a major not on this list, don't feel discouraged. The list doesn't take into account other major factors, such as the actual college in question, potential internships, and academic achievement. The basic idea to take away from this post is that: sure, what you study in college matters in terms of your employment and pay after college, but only without context. If you work hard, the ROI of going to college is what you make it.
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