Each year, college students extensively research salaries that will have a powerful impact on their future. Aside from the rate of growth for their dream industry, everyone who values monetary compensation wants to know whether a degree will pay off. Thus, degree holders are scouring the Internet for average mid-level rates, entry-level pay, and salaries for jobs in their fields. But what are they finding? Do you need to quickly get into a Master’s program after graduation or complete a certification? Or will your Bachelor’s degree pay for itself once you snag a job?
After being in school for four years, some people dread the idea of spending another 24 months working toward an additional goal: obtaining a Master’s degree. It is important to know what kind of wages can be made with your Bachelor’s degree before committing to accepting any additional student loans. Here you can find five industries with the highest median pays* for those looking to make money with a Bachelor’s degree.
- Business Administration:
A Bachelor’s degree in Business Administration has a wide variety of specialties or areas of focus. Studying business can provide a lucrative median pay of $60,000-$70,000 in specialties including, but not limited to: management, finance, human resources, marketing, and sales.
Like many positions available to recent graduates, this level of pay is not achieved until one has gained entry-level experience in the field of business. Therefore, internships or part-time jobs in the business industry can have a powerful impact on the job offers received after graduation. Additionally, this industry does not require an MBA to gain a promotion. A drive for competition and the ability to network are traits that can supplement this kind of degree. Experience increasing revenue and productivity, along with great recommendations, could take you far.
Adding, subtracting, presenting, and taxing. Those with an ability to pay the utmost attention to detail should consider this industry, and positions in accounting range from private industries to government positions. Accountants make a median income of $52,000 annually with a Bachelor’s degree in the field.
Knowledge of taxes and hands-on experience is very marketable on a resume and can provide opportunities to be interviewed for entry-level positions in this field. When considering versatility of this degree, accountants often acquire the skills to move into finance if the opportunity presents itself. Many choose to supplement this degree with a CPA (Certified Public Accountant) to accelerate raises and promotions in the industry.
- Information Technology:
This type of degree presents itself in a number of ways: information systems, computing technology, programming, and so on. The range of salaries for the different specialties in this field spreads from $60,000-$90,000.
Management in this field provides opportunities for higher pay. Following this path, a Master of Business Administration in Project Management can accelerate compensation, but is not always a comfortable or necessary option for the many that choose not to pursue an additional degree after obtaining the Bachelor’s.
The pay for an engineer varies greatly among the various specialties. High levels of pay have been reported for those in software, biomedical, mechanical, and electrical engineering. Of course, there are other focus points in engineering that pay well, and the median pay for engineers falls between $60,000-$80,000.
High pay is not the only compensation for dedicating four years of your life to studying math and physics. There is much opportunity for creativity and collaboration in this field, providing chances to show ingenuity and expand your network. Lifelong learners do well to thrive in this environment, but consider that many engineers do not feel the need to pursue a Master’s degree after breaking into the field.
- Registered Nurse:
High levels of patience accompanied by a passion for science and helping others can be very a rewarding trait when pursuing a degree to become a registered nurse. The income for a registered nurse often falls between $40,000-$90,000 depending heavily on the level of experience and the budget of the employer.
As far as technology has allowed us to see, the medical field is going to be in need of nurses. Whether you appreciate the hustle of a hospital, or the personal experience of working in a nursing home, there are many environments available to those with a Bachelor’s degree in nursing. Those already with an Associate’s degree in nursing looking to pursue administrative duties may want to consider a Bachelor’s degree in health care administration.
*Ranges of pay were found comparing wages from www.glassdoor.com and www.payscale.com.
Written by: Jillian Payne
Jillian is a Career Services Specialist at Ashford University with previous employment in both research and sales. Inspired by her diverse background, she has developed a passion for helping students apply what they have learned from their past experiences to their future endeavors.