A college degree is an investment in education and with any form of investment you expect a certain rate of return in the form of earning potential. In this article, I will take a look at six college degrees that deliver great return on investment.
Business Administration (Bachelor Degree)
If you find yourself a born leader, you must consider honing your problem-solving, decision-making and communication skills with a bachelor degree in business administration. The degree enhances your earning potential by creating opportunities in various fields such as public relations, health care and marketing. Having a business degree can help an individual earn an average starting salary of $41,000 and a midcareer average salary of $70,000. While public relations specialist earns $51,000 on average, corporate finance analyst earns $73,150, an elementary or secondary school administrator earns $83,000, human resource manager earns $96,000 and a marketing manager earns $105,000.
Health Care Administration (Bachelor Degree)
Health care is one of the fastest growing industries in the world (source: U.S. Department of Labor). A degree in health care administration allows you to make a lucrative living by providing an enjoyable health care experience to patients. Having a health care administration degree can help an individual earn an average starting salary of $37,000 and a midcareer average salary of $60,000. While a medical office assistant earns $28,300 on average, health information technician earns $30,610, health benefits specialist earns $53,860, and an assistant hospital manager earns $80,240.
Paralegal Studies (Associate Degree)
If you want a career in law without spending three years in law school, you can aim at becoming a paralegal by earning an associate degree in paralegal studies. In fact, paralegals are gaining prominence in legal offices performing similar tasks as lawyers. Having a paralegal degree can help an individual earn an average starting salary of $35,000 and a midcareer average salary of $51,000. A paralegal for employment services earns $50,050 on average, paralegal for insurance carriers earns $52,200, and a paralegal for the federal executive branch earns $58, 540.
Finance (Bachelor Degree)
If you have a knack for investments, securities or personal finance and want to involve yourself in these areas then pursue a degree in finance. This will prepare you for a career as a financial adviser, auditor, or stockbroker. A career in finance can be both financially and personally rewarding. Having a finance degree helps an individual earns an average annual salary of $47,000 and a midcareer average salary of $91,000. A mortgage sales associate earns $40,150 on average, loan officer earns $54,700, auditors earn $59,430, stock broker earns $68,680, and a financial advisor earns $69,050.
Accounting (Bachelor Degree)
In the current economic situation, Certified Public Accountant (CPA) are in much demand, whether in non-profit organizations, private firms, or governmental companies. Having an accounting degree helps an individual earn an average annual starting salary of $44,000 and a midcareer average salary of $77,000. A bookkeeper earns $32,510 on average, staff accountant earns $59,430, and a financial analyst earns $73,150.
Marketing (Bachelor Degree)
If you enjoy persuading people and have a clear idea of what consumer desire, a career in advertising or marketing would be most appropriate and you must consider earning a degree in marketing. Having a marketing degree helps an individual earn an average starting salary of $38,000 and a midcareer average salary of $77,000. A marketing coordinator earns between $32,261 and $44,819 on average, meeting and convention planner earns $44,260, marketing specialist earns between $35,426 and $51,999, and a marketing account manager earns $80,220.
(Source: PayScale’s 2010-2011 College Salary Report)