If your kid’s about to head off the college, you may want to consider urging them to change their major. A new study by salary research company PayScale Inc. found that students who majored in math-focused fields of study go on to earn the highest salaries, while students who majored in education and child studies typically earn the least.
PayScale compiled the best and worst undergraduate college degrees in its
2010-11 College Salary Report. Petroleum and aerospace engineering were the top-earning degrees, bringing in a mid-career median pay of $157,000 and $108,000, respectively. Child and family studies and elementary education rounded out the bottom two worst-paying degrees, with median mid-career earnings of just $38,400 and $44,400, respectively. In comparison, the
worst-paying job for doctors -- family practice -- earned $175,000, according to a recent study by
Forbes magazine.
Here are the Top 10 best and worst paying undergraduate degrees, according to PayScale.
Best Undergraduate College Degrees by Salary
Undergraduate Degree
|
Starting Median Pay
|
Mid-Career
Median Pay
|
|
Petroleum Engineering |
$93,000 |
$157,000 |
|
Aerospace Engineering |
$59,400 |
$108,000 |
|
Chemical Engineering |
$64,800 |
$108,00 |
|
Electrical Engineering |
$60,800 |
$104,000 |
|
Nuclear Engineering |
$63,900 |
$104,00 |
|
Applied Mathematics |
$56,400 |
$101,00 |
|
Biomedical Engineering |
$54,800 |
$101,000 |
|
Physics |
$50,700 |
$99,600 |
|
Computer Engineering |
$61,200 |
$99,500 |
|
Economics |
$48,800 |
$97,800 |
Worst Undergrad College Degrees by Salary
|
Undergraduate Degree |
Starting Median Pay |
Mid-Career
Median Pay |
|
Child and Family Studies |
$29,500 |
$38,400 |
|
Elementary Education |
$31,600 |
$44,400 |
|
Social Work |
$31,800 |
$44,900 |
|
Athletic Training |
$32,800 |
$45,700 |
|
Culinary Arts |
$35,900 |
$50,600 |
|
Horticulture |
$35,000 |
$50,800 |
|
Paralegal Studies/Law |
$35,100 |
$51,300 |
|
Theology |
$34,700 |
$51,300 |
|
Recreation & Leisure Studies |
$33,300 |
$53,200 |
|
Special Education |
$36,000 |
$53,800 |
The median pay is based on graduates with bachelors who did not go on to acquire higher degrees. Typical starting graduates had two years of experience, while mid-career had 15 years of experience. To see the complete list of degrees, and the methodology for the ranking,
click here.