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Here’s a look at the top degrees that deliver the highest remuneration for recent graduates in the US.
According to the New York Federal Reserve’s latest study of “Pay by college major for recent graduates”, Engineering degrees are the highest remunerated jobs in the US. Nine out of the top ten courses that deliver the highest remuneration in the early-career pay are in the engineering field. The top five most remunerated degrees in this list have delivered a median earning of $ 108,000 a year by the mid-career.
The Public policy courses showed a steady increase in the median pay, as the remuneration rose from $38,000 to $50,000 a year, and there is also a significant increase in the remuneration for the recent graduates when compared to the 2020 data, which was partially affected by COVID. Pharmacy majors also showed a notable increase in median pay as this sector saw a gain of $5000. At the same time, Art History majors saw a significant decline in earnings as the pandemic had resulted in shutting the museums and other related sites. In the US, the gap in median earnings between a high school graduate and a bachelor’s degree holder rose to a record of $ 22,000 this year. Even when there was a conspicuous drop in college enrolments in the last two years due to the pandemic, the pay premium provided for graduates was at the highest than ever before, according to the New York Fed study.
The New York Federal Reserve study found that Computer Engineering is the top remunerated job for a recent graduate with a median annual remuneration of $74,000. This is followed by Computer Science with a median annual remuneration of $70,000, followed by Aerospace Engineering, Electrical Engineering, and Chemical Engineering with a median annual remuneration of $70,000. By recent graduates, the study refers to those aged between 22 and 27 with only a bachelor’s degree.
Computer engineering in US universities will focus more on the practical aspects of developing programs and software. This program is designed by considering the current needs, trends, and demands of the IT sector, and the program will encourage you to join projects organised by different schools or professors. According to the US Bureau of Labor Statistics, jobs in this sector will increase by 22% in the next ten years, resulting in the creation of 409,000 new job openings.
Top universities to study Computer Engineering in the US
- Massachusetts Institute of Technology.
- University of California–Berkeley.
- Stanford University.
- University of Illinois–Urbana-Champaign.
- Carnegie Mellon University.
- Georgia Institute of Technology.
- University of Michigan–Ann Arbor.
- California Institute of Technology.
According to the QS ranking, 15 universities in the US offering aerospace engineering courses are among the top 50 global universities, and according to the US Bureau of Labor Statistics, jobs in this sector will increase by 8% in the next ten years. In 2019 alone, 66400 jobs were available for aerospace engineering graduates worldwide.
Top universities to study Aerospace Engineering in the US
- California Institute of Technology.
- Massachusetts Institute of Technology.
- Stanford University.
- Georgia Institute of Technology.
- University of Michigan–Ann Arbor.
- Purdue University–West Lafayette.
- University of Illinois–Urbana-Champaign.
- University of Texas–Austin (Cockrell)
There are over 345 universities in the US that are approved by the Accreditation Board of Engineering and Technology and this will provide uncompromised quality of education and research experience for the students. Universities in the US work closely with multinational companies and leading professionals in the electrical engineering fields, so this will provide the students with practical knowledge and hands-on experience. According to the US Bureau of Labor Statistics, jobs in this sector will increase by 7% in the next ten years, and this will result in the creation of 20,400new job openings.
Top universities to study Electrical Engineering in the US
- University of Texas, Austin
- Massachusetts Institute of Technology (MIT)
- Princeton University
- University of California, Berkeley (UCB)
- Georgia Institute of Technology (Georgia Tech)
- Stanford University
- New York University (NYU)
- Carnegie Mellon University
- Virginia Tech
- University of Houston
Chemical engineering is considered to be one of the most challenging courses to study; according to the QS ranking, most of the universities in the US offering Chemical engineering courses are among the top 50 global universities. Chemical engineers are one of the most in-demand jobs in the US. According to the US Bureau of Labor Statistics, the Employment of chemical engineers is projected to grow 9 percent from 2020 to 2030, which is as fast as the average for all occupations. This will also create about 1,800 openings every year.
Top universities to study Chemical Engineering in the US
- Massachusetts Institute of Technology.
- California Institute of Technology.
- University of California–Berkeley.
- Georgia Institute of Technology.
- Stanford University.
- University of Minnesota–Twin Cities.
- University of Texas–Austin (Cockrell)
Watch this space as we dive deeper into the highest remunerated courses in the other global ed destinations.
