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Five Degrees That Can Help You Earn Higher Wages

Higher Education Articles November 15, 2012

Harvard, Dartmouth and Princeton have been ranked as Ivy League schools that could lead to high earning potential (source: PayScale’s 2010-2011, College Salary Report). It is a common fallacy to assume that only an Ivy League education could lead to high earning potential. There are in fact several college degrees that can help you earn a big paycheck that have been listed by PayScale in another report titled, “Best Undergrad College Degrees by Salary.”

The report listed degrees in the order of their earning potential for beginners as well as midcareer professionals who do not hold any other qualification except the mentioned degree. In this article, we will look at the top five degrees according to PayScale report that lead you to a high salaried career.

Degree in Marketing

According to PayScale report, marketing graduates who are starting out can earn an average annual starting salary of $38,600, the corresponding average annual earning for midcareer marketing professionals is $77,300. Businesses seek to recruit individuals who understand marketing. Hence, it is not surprising to find that marketing graduates enjoy high earning potential. At midcareer, the earning potential actually doubles. A marketing graduate can embark on a potentially lucrative career as a marketing manager, market and survey researcher, or marketing specialist.

Degree in Nursing

According to PayScale report, nursing degree holders who are starting out can expect to earn an average annual starting salary of $52,700, the corresponding average annual earning for midcareer nurses is $68,200. The demand for nurses is high and that trend is set to continue with a twenty-two percent growth in demand forecast from 2008 to 2018.

A nursing graduate can embark on a potentially lucrative career as a registered nurse, emergency/trauma nurse, or intensive care unit nurse.

Degree in Accounting

According to PayScale report, accounting graduates starting their career can earn an average annual starting salary of $44,600, the corresponding average annual earning for midcareer accounting professionals is $77,500. The high earning potential can be explained by the fact that most accounting jobs call for a minimal qualification of a college degree in accounting or related field. An accounting graduate can embark on a potentially lucrative career as a corporate financial analyst, certified public accountant or accountant.

Degree in Information Systems

According to PayScale report, information systems graduates starting their career can earn an average annual starting salary of $49,300. The demand for information systems graduates are high that is expected, the corresponding average annual earning for midcareer information systems professional is $87,100 with job growth at seventeen percent between 2008 and 2018. An information systems graduate can embark on potentially lucrative career as a computer and information systems manager, computer support specialist, or systems administrator.

Degree in Economics

According to PayScale report, economics graduates starting their career can earn an average annual starting salary of $48,800.  The corresponding average annual earning for midcareer economics professionals is $97,800. Economics graduates have many career opportunities in various fields such as insurance, finance, and business. An economics graduate can embark on a potentially lucrative career as an actuary, economist or budget analyst.

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