With college setting students back an average of $38,270 per year, young people today are banking on their college degree opening doors to more than house parties and sororities—specifically, to top-paying jobs. But whether they succeed at this depends greatly on what they choose to study.
That’s because one major study from the New York Federal Reserve shows that those wishing to earn the big bucks after college may want to consider studying some form of engineering.
Even though it typically costs the same to study psychology as it does computer science, the research revealed 80% of the top 10 college majors with the highest incomes five years after graduation are engineering degrees, highlighting the trend toward technology industries in recent years.
The New York Fed studied the labor market outcomes of college graduates depending on their major—and computer engineering grads came out on top with an annual median salary of $80,000 within five years of tossing their graduation cap in the air.
Those who studied liberal arts or humanities are earning half of what engineering grads take home
