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If your passion is more about money than making a difference in the lives of young children, you might be interested in knowing the highest paying majors. As you might imagine, nine of the top 10 are in engineering fields. Petroleum engineering leads the pack with an annual average salary of $136,000. The second highest paying major is all about drugs but in a good way as it includes pharmacy, pharmaceutical administration and pharmaceutical sciences where these majors earn $113,000 a year. This is the only area in the top 10 that doesn't have anything to do with engineering.
Ranked number three with an average annual salary of $98,000 is metallurgical engineering followed by mining and mineral engineering at $97,000 a year. Chemical engineering ranked fifth as its graduates have an average annual salary of $96,000 followed closely by electrical engineering at $93,000 a year.
It clearly pays to be a rocket scientist or at least to major in aerospace engineering as its graduates have an average annual salary of $87,000. Computer engineering continues to rank well at number eight with an annual average salary of $87,000. While geological and geophysical engineering ranks last in the 10 highest paying majors its graduates still earn an average of $87,000 a year or almost $50,000 more than those that majored in early childhood education.
The school you choose also makes a difference
Maybe you or your child has already chosen your school but if not you might be interested to know which ones can have the biggest effect on your salary.
For example, if you were to choose the California Institute of Technology
(Caltech) you increase your annual earnings by 49% just by attending it versus attending comparable colleges. Colgate isn't just toothpaste as it's also a school you might want to attend as its graduates enjoy an annual average boost of 46% vs. comparable schools.
It will probably come as no surprise that graduates of the Massachusetts Institute Of Technology enjoy a salary boost of 45% and Rose-Human Institute of Technology graduates get a boost of 44%. However, here comes one that might shock you. The graduates of little Carrollton College, a liberal arts school located in Northfield, Minnesota, enjoy a salary boost of 43%. Graduates of Washington and Lee University also see a 43% boost vs. comparable schools.
If you're thinking you might like a maritime career there is the SUNY Maritime College whose graduates also enjoy a 42% salary boost over comparable schools, plus they have the opportunity to earn licensure as a ship’s third officer
The remaining schools you might want to attend to boost your salary are Clarkson University, Manhattan College and Stanford University. Graduates of Clarkson University enjoy a 42%salary boost as do graduates of Manhattan College and Stanford grads see a 41% boost over comparable schools.
Putting all this together the bottom line is that if you have the right prerequisites and want to maximize your potential earnings, you should go to Caltech and major in petroleum engineering or major in pharmaceutical sciences at Colgate University. A third the choice would be to attend Massachusetts Institute of Technology and major in metallurgical engineering. If none of these appeal to you there's always Carlton College where you can earn a Bachelor of Arts degree but still do well vs. graduates of equivalent liberal arts colleges.