Introduction
Have you ever wondered what the best degrees to earn are and which ones are in high demand for the future?
It’s important to consider the degree that is right for you and can provide you with the career opportunities and comforts you desire.
However, before diving into analyzing the best degrees that can earn you a high salary, it’s crucial to realize that no degree is universally the best.
Each degree has its own merits and drawbacks and requires a unique set of abilities and talents specific to the individual.
No two individuals are the same, and thus, no degree can fit everyone.
When planning a career path, you should have complete information on – market trends, education stream popularity, and other job market factors in mind to determine the degree that suits your interests and future goals.
By doing so, you can increase your chances of success and job satisfaction.
How To Choose the Right Educational Degree
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No One-Size-Fits-All Degree
Choosing the right degree is fundamental to building a successful career.
However, it is important to understand that no single degree can fit everyone. Each degree has its own set of strengths and weaknesses and requires specific abilities and talents.
Thus, it is important to have the essential information on market trends, education stream popularity, and job market factors in order to make an informed decision on the degree of interest.
Parameters to Consider:
Employment Opportunities, Salaries, and Career Growth
When assessing the appropriateness of a degree, there are three main parameters to consider:
employment opportunities, salaries, and career growth.
By evaluating a degree on these parameters, one can determine the best degrees to get in college.
1. Marketing Management Degrees
Marketing is a key aspect of any business, and marketing management degrees offer many career opportunities.
Some popular marketing degrees include advertising and marketing, business marketing, digital marketing, fashion marketing, international marketing, internet marketing, music marketing, and sports marketing.
The average starting salary for marketing graduates is around $55,000.
2. Business Degrees
A business degree is one of the most sought-after academic disciplines that can be attained remotely.
Business degree graduates are equipped to fit in any organization, in any field, and in any industry. Many universities around the world offer online courses in business degrees.
The median annual wage of a business graduate is around $74,000.
4. Economics Degrees
Economics is a social science subject that explores the issues of production, distribution, and consumption of manufactured/produced goods and services.
Most economics graduates find jobs in economics-related fields such as businesses, insurance, and other finance-related fields. However, the job growth rate for economics graduates is relatively low.
The median annual wage of economists is around $90,000.
5. Computer Science Degrees
Computer science degrees equip students with the theoretical foundation of information technology and its various processes for computer applications.
Computer science graduates mostly work in the high-tech industry in IT and R&D programming.
The median annual wages of computer science graduates range from $60,000 to $70,000.
6. Accounting Degrees
There is a high demand for accounting graduates, and the job growth rate for accountants is relatively high.
Certificate courses and licensure also receive favorable responses. Accounting is one of the most sought-after degrees for business entities.
The median annual wages of accountants, tax examiners, budget analysts, and revenue agents range from $50,000 to $65,000.
7. Finance Degrees
Competition is fierce in the finance field, and experience is the most important prerequisite for acquiring a high-paying job. Three out of ten finance degree graduates work in the banking and finance sector.
However, the good news is that financial managers are required in all organizations across all industries. The employment of finance degree graduates is expected to rise by 10% in the next ten years. Popular employment opportunities are in commercial banking, corporate finance, insurance, and real estate.
Salaries depend on the field and amount of experience, but the median annual salaries are not less than $66,000.
8. Master of Business Administration (MBA)
An MBA is a post-graduate academic discipline and one of the most sought-after degrees today due to its versatility across various industries.
With an MBA degree, graduates can work in sales, marketing, operations, HR, and finance. The median annual wages of MBA graduates range from $80,000 to $150,000.
Choose a degree that Fits Your Personality Traits and Promises a Bright Future
Choosing the right degree can be challenging, but with the right information and an understanding of the market trends and job market factors, it is possible to make an informed decision.