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College Degrees That Earn The Most Money

Deciding on a degree is a difficult choice. Although following your passions might be
the most sensible, there’s only so many vacancies for football stars, astronauts,
movies stars, and models. So getting practical might be the way forward. And if you’re being practical you better
start about thinking about the money too. Because, what’s more practical than having
enough cash to pay your bills, What degree has the graduate walking away from academia
and landing a high paying job? In what subjects do the big dollars lay? That’s what we will try to find out in today’s
Infographics Show as we look at– These degrees will make you the most money. So today we’re looking at five degrees that
could have you paying back those fees and putting a dent in the student loan in a matter
of months. In the United States there are more than 4500
colleges with programs that vary wildly in cost. The cost of getting a degree is based not
only on the tuition fees and the expenses students pay on living, rent, books, transportation
etc – there are numerous other costs. Some degree programs are free, some are sponsored
by grants, and others accept students on a non-profit basis. Getting a degree will probably cost you anywhere
in the range of $0 up to $55,000 and maybe much more when you factor in living costs. Today we’re are looking at five degree programs
that should see you getting back that outlay within the first year of employment. First up and potentially the most lucrative
of our five degrees is Petroleum engineering. With an average starting pay of $108,000 this
industry is a sure way to start earning big fast. Petroleum engineering relates to the production
of hydrocarbons, namely crude oil or natural gas. Once oil and gas exploration has taken place
it needs to be extracted from the source and refined into a usable energy source. That’s where petroleum engineers come in. Petroleum engineering focuses requires an
in-depth understanding of oil, water and gas within porous rock at high pressure. Graduates of a 4 year degree in petroleum
engineering will need a solid understanding of math and science and be prepared to work
in far flung places. Oil and gas workers can be offshore for months
working on drilling rigs, refineries, and pipelines. After 10 or 12 years a petroleum engineering
expert can expect to almost double that salary earning up to $185,000 per year making this
the most lucrative career path on our list. Next up on our list is computer engineering. Graduates in this field can expect to earn
up to $70,000. This should reach $100,000 in 7 to 9 years. But that’s just as a salary man. Bill Gates and the Steve Jobs built financial
empires in this field so with this piece of paper the world’s your oyster. In fact, both Jobs and Gates dropped out of
college and made a fortune without a degree. But let’s stick with the traditional route
for the purpose of this episode. A good understanding of electronics, software,
and hardware are required to excel in this subject. You need to know how things work and what
happens when you put them together. Simple, huh? Well, if integrating several fields of computer
science and electronic engineering to develop hardware and software is what you excel in,
then computer engineering is the course for you. You just require a high-tech mode of thinking
and the ability to design hard and software as and when required. After ten years of high-tech problem solving
you might expect to make $115,000 a year and that student loan will be just a distant memory. Economics graduates can expect to start on
around $55,000. A four year degree studying the history, social-economic,
and political relationships between people and finance could result in you making some
serious money for yourself. Economists are required to look at the history
and trends of financial behavior and predict upcoming trends. If the behavior and interactions of economic
agents, including individuals and financial markets, keeps you awake at night, this is
the degree program for you. And don’t worry if your financial predictions
are wrong, most economists get it wrong some, or even most of the time. After 10 years in this field you can expect
to make $125,000 as an analyst for a private corporation. You would probably find a safe and secure
job working for a large international bank. Just keep an eye out for sub-prime mortgage
loans being sold as triple A bonds. Chemical engineering students can expect to
start on around $70,000 reaching to about $100,000 in 10 to 12 years. Graduates in this industry might not necessarily
be limited to a laboratory environment. They might find themselves working in green
industries, food manufacturing, medicine or garden architecture. A fondness for the way elements work together
in the world will help you tackle this subject. So if you enjoyed accidentally setting fire
to the science work-bench at school this may be the route for you to take at university. A good start is to learn the periodic table
and start to make compounds in your head or in a notebook. But you will need to up the game in class. Chemical engineering uses not only chemistry
but also physics, mathematics, and economics to use, produce, transform, and transport
chemicals, raw material, living cells, microorganisms and energy. Engineers in this field get heavily involved
with chemical plant design and operations. A chemical engineer might find him or herself
rubbing shoulders with the petroleum engineer at a refinery plant. They may even share advice on the best high
rate saving schemes, or compare sports cars. Applied mathematics degree holders can expect
to make $64,700 a year. A good knowledge of math enables the student
to solve problems that might save a company. After 10 years working with numbers you might
be expected to make $100,000. Like the other subjects on our list this one
is rather difficult if you don’t have a flair for it. Applied mathematics is the application of
mathematical methods into different fields such as science, business, engineering, travel
and computer industries. While careers in mathematics are wide they
all boil down to one core element – problem solving. As an applied mathematician you may be tasked
with solving the following quandary: How can an airline use more intelligent scheduling
programs to reduce costs and maximize profits? You will sit down and crack that puzzle and
make your employer a stack of extra cash in the process. So there we have out top five degrees for
making money. Remember, these degrees aren’t guaranteed
to make you rich but armed with them you have a good chance of landing that important first
job. Success in a career cannot be boiled down
to a piece of paper, but with a good qualification we can get a head start in the race. Along with that qualification you will need
social skills, a sense of morals and ethics, good personal hygiene, and a visible sense
of enthusiasm. But is
that all you need? What do you think the best money-making degree
is? Do we even need to go to college to be successful? What are the pros and cons of spending four
years studying? Be sure to let us know in the comments section
below. Also, be sure to watch our other video called
– Surprisingly High Paying Jobs? Thanks for watching, and as always, don’t
forget to like, share and subscribe, and as ever, see you next time.

About James Carlton

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