Choosing a college major is a crucial decision that can significantly impact your career trajectory and financial future. For many prospective students, the potential salary associated with a degree is a major factor in this decision-making process.
While personal interests and passions are important, understanding which majors typically lead to the highest-paying careers can help students make informed choices that align with both their professional aspirations and financial goals. This article explores the top college majors with the highest salaries, based on the most recent data available from the U.S. Bureau of Labor Statistics (BLS).
Common Undergraduate Majors in High-Paying Careers
As you consider your options for what to major in, it’s not as simple as evaluating the easiest and hardest majors. It’s more helpful to know which undergraduate majors are most commonly associated with high-paying careers. Below is a list of majors that frequently lead to some of the most lucrative jobs across various industries:
- Biology (Pre-med)
- Business
- Chemistry (Pre-med)
- Computer Science
- Engineering
- History (Pre-law)
- Information Systems
- Information Technology
- Law and Legal Studies (Pre-law)
- Mathematics
- Physical Science (Pre-med)
These majors are commonly pursued by students who go on to high-paying careers in fields such as healthcare, technology, engineering, law, and business, making them some of the highest paid bachelor’s degrees (BS or BA). As you read on, you’ll see how these fields and majors align with specific high-paying roles.
Methodology and Data Sources
To identify the highest paying college majors, we analyzed the most recent data available from the U.S. Bureau of Labor Statistics (BLS) as of mid-2024. This analysis considered several factors, including median salaries and long-term earning potential across various industries.
Industry Focus
Through our analysis, we identified five key industry groups where the top-paying salaries are most prevalent:
- Healthcare
- Computer and Information Technology
- Legal
- Engineering
- Business and Financial
In the following sections, we will explore these industries in greater detail, highlighting specific roles within each that are known for high earning potential.
1. Healthcare Occupations and Majors
The healthcare industry offers some of the highest-paying careers, driven by the critical demand for healthcare services and the specialized skills required in this field. According to the U.S. Bureau of Labor Statistics (BLS), the median annual wage for healthcare practitioners and technical occupations was $80,820 as of May 2023, significantly higher than the median annual wage for all occupations, which was $48,060. The job outlook for healthcare occupations is robust, with projected growth much faster than the average for all occupations from 2022 to 2032. This strong job outlook is fueled by an aging population and increased demand for healthcare services.
Key Roles and Salaries
Physicians and Surgeons
- Median Annual Salary: $239,200
- Education Requirements: Physicians and surgeons typically require a Doctor of Medicine (M.D.) or Doctor of Osteopathic Medicine (D.O.) degree. While there is no specific undergraduate degree required, applicants to medical school usually have studied subjects such as biology, physical science, and various healthcare-related fields.
- Common Undergraduate Majors: Biology, physical science, healthcare-related fields
Dentists
- Median Annual Salary: $170,910
- Education Requirements: Dentists need either a Doctor of Dental Surgery (DDS) or a Doctor of Dental Medicine (DMD) degree, both of which must be earned from a program accredited by the Commission on Dental Accreditation (CODA). Most dental schools require applicants to have a bachelor’s degree and to have completed prerequisite courses in sciences such as biology or chemistry.
- Common Undergraduate Majors: Biology, chemistry, other sciences
Podiatrists
- Median Annual Salary: $141,650
- Education Requirements: Podiatrists must obtain a Doctor of Podiatric Medicine (DPM) degree from an accredited college of podiatric medicine, which takes 4 years to complete. Admission to these programs typically requires at least 3 years of undergraduate education.
- Common Undergraduate Majors: Biology, physical science, healthcare-related fields
| Job | Typical Entry-level Degree | Median Salary |
| Physicians and Surgeons | Doctoral or professional degree | $239,200 |
| Dentists | Doctoral or professional degree | $170,910 |
| Podiatrists | Doctoral or professional degree | $141,650 |
2. Computer and IT Occupations and Majors
It’s no surprise that STEM majors rank among the top highest paying college majors. The computer and information technology industry is a powerhouse of high-paying careers, driven by the rapid advancement of technology and the increasing demand for skilled professionals. According to the U.S. Bureau of Labor Statistics (BLS), the median annual wage for this industry was $104,420 as of May 2023, more than double the median annual wage for all occupations, which stood at $48,060. The job outlook for computer and information technology occupations is exceptionally strong, with growth projected to be much faster than the average for all occupations from 2022 to 2032. This growth is largely fueled by the ongoing expansion of cloud computing, data analytics, cybersecurity, and artificial intelligence.
Key Roles and Salaries
Computer and Information Research Scientists
- Median Annual Salary: $145,080
- Education Requirements: Computer and information research scientists typically need a master’s or higher degree in computer science or a related field, such as computer engineering. A master’s degree usually requires 2 to 3 years of study after earning a bachelor’s degree. Some employers, such as the federal government, may hire candidates with only a bachelor’s degree, while others prefer candidates with a Ph.D.
- Common Undergraduate Majors: Computer science, information systems, information technology
Software Developers, Quality Assurance Analysts, and Testers
- Median Annual Salary: $130,160
- Education Requirements: These professionals typically need a bachelor’s degree in a computer-related field. Degree programs in computer and information technology cover a broad range of topics and may include internships that provide hands-on experience. For some software developer positions, employers may prefer candidates with a master’s degree.
- Common Undergraduate Majors: Computer science, information systems, engineering, mathematics
Computer Network Architects
- Median Annual Salary: $129,840
- Education Requirements: Computer network architects typically need a bachelor’s degree in a computer-related field. These degree programs often include courses in network security and database design, providing hands-on experience with the technologies used in networks. While some employers may accept candidates without a bachelor’s degree, others prefer candidates with a master’s degree.
- Common Undergraduate Majors: Computer science, information systems, engineering
| Job | Typical Entry-level Degree | Median Salary |
| Computer and Information Research Scientists | Master’s degree | $145,080 |
| Software Developers, Quality Assurance Analysts, and Testers | Bachelor’s degree | $130,160 |
| Computer Network Architects | Bachelor’s degree | $129,840 |
3. Legal Occupations and Majors
The legal industry encompasses a range of high-paying careers, primarily driven by the specialized knowledge and rigorous education required to practice law. According to the U.S. Bureau of Labor Statistics (BLS), the median annual wage for legal occupations was $99,220 as of May 2023, which is significantly higher than the median annual wage for all occupations at $48,060. The job outlook for legal professions is favorable, with growth expected to be faster than the average for all occupations from 2022 to 2032, driven by ongoing demand for legal services across various sectors.
Key Roles and Salaries
Lawyers
- Median Annual Salary: $145,760
- Education Requirements: Becoming a lawyer typically requires 7 years of full-time study after high school, including 4 years of undergraduate education followed by 3 years of law school. Most law schools do not mandate a specific undergraduate degree for entry, but candidates must earn a Juris Doctor (J.D.) degree from an ABA-accredited law school to practice law in most states and jurisdictions.
- Common Undergraduate Majors: Law and legal studies, history, social science
Judges and Hearing Officers
- Median Annual Salary: $132,950
- Education Requirements: A Juris Doctor (J.D.) degree is usually required for positions as judges or hearing officers at the local, state, or federal level. Earning a J.D. typically involves 7 years of study post-high school, including 4 years of undergraduate education in any field followed by 3 years of law school. However, requirements for these positions can vary, with some jurisdictions not requiring a law degree for hearing officers or magistrates.
- Common Undergraduate Majors: Highly variable
Arbitrators and Mediators
- Median Annual Salary: $71,540
- Education Requirements: Few candidates for arbitration or mediation roles receive a degree specifically in these fields. Instead, education requirements vary based on the applicant’s area of expertise. A bachelor’s degree is often sufficient, but some positions may require a law degree, a Master of Business Administration (MBA), or another advanced degree.
- Common Undergraduate Majors: Highly variable
| Job | Typical Entry-level Degree | Median Salary |
| Lawyers | Doctoral or professional degree | $145,760 |
| Judges and Hearing Officers | Doctoral or professional degree | $132,950 |
| Arbitrators and Mediators | Bachelor’s degree | $71,540 |
4. Engineering Occupations and Majors
The engineering industry encompasses a broad range of specialized fields, each offering substantial earning potential. According to the U.S. Bureau of Labor Statistics (BLS), the median annual wage for engineering occupations was $91,420 in May 2023, significantly higher than the median annual wage for all occupations, which stood at $48,060. The job outlook for engineering roles is positive, with projected growth faster than the average for all occupations from 2022 to 2032, driven by ongoing technological advancements and the need for skilled engineers in various sectors.
Key Roles and Salaries
Computer Hardware Engineers
- Median Annual Salary: $138,080
- Education Requirements: Entry-level computer hardware engineers typically need a bachelor’s degree in computer engineering or a related field. Because these engineers often work with software systems, familiarity with computer programming is also expected, which can be obtained through computer science courses. Some specialized positions or roles within large firms may require a master’s degree in computer engineering or an MBA for career advancement.
- Common Undergraduate Majors: Computer engineering, computer and information technology
Petroleum Engineers
- Median Annual Salary: $135,690
- Education Requirements: Petroleum engineers generally need a bachelor’s degree in engineering, with many specializing in petroleum engineering. High school students interested in this field should focus on math and science courses, such as algebra, geometry, calculus, biology, chemistry, and physics. Bachelor’s degree programs typically include academic coursework, laboratory work, and field studies in subjects like engineering principles, geology, and thermodynamics. Some universities offer 5-year programs that lead to both a bachelor’s and a master’s degree, which is preferred by some employers.
- Common Undergraduate Majors: Petroleum engineering, chemical engineering, mechanical engineering, civil engineering, industrial engineering, electrical engineering
Aerospace Engineers
- Median Annual Salary: $130,720
- Education Requirements: Aerospace engineers typically need a bachelor’s degree in aerospace engineering or a related field. High school students aiming for this career should focus on chemistry, physics, and mathematics. Bachelor’s programs in aerospace engineering usually include classroom learning, laboratory work, and field courses in areas such as stability and control, structures, and mechanics. Some colleges offer 5-year programs leading to both a bachelor’s and a master’s degree, which can open up opportunities for research, development, or university-level teaching roles.
- Common Undergraduate Majors: Aerospace engineering, other engineering disciplines
| Job | Typical Entry-level Degree | Median Salary |
| Computer Hardware Engineers | Bachelor’s | $138,080 |
| Petroleum Engineers | Bachelor’s | $135,690 |
| Aerospace Engineers | Bachelor’s | $130,720 |
5. Business and Financial Occupations and Majors
The business and financial industry is a cornerstone of the economy, offering a wide array of high-paying career opportunities. According to the U.S. Bureau of Labor Statistics (BLS), the median annual wage for business and financial occupations was $79,050 in May 2023, significantly higher than the median annual wage for all occupations, which stood at $48,060. The job outlook for this industry is positive, with employment growth expected to be faster than the average for all occupations from 2022 to 2032, driven by globalization, economic growth, and the increasing complexity of financial regulations.
Key Roles and Salaries
Financial Analysts
- Median Annual Salary: $99,890
- Education Requirements: Most entry-level positions for financial analysts require a bachelor’s degree. However, some employers prefer candidates with a master’s degree, particularly in business or finance, for more advanced positions.
- Common Undergraduate Majors: Business
Personal Financial Advisors
- Median Annual Salary: $99,580
- Education Requirements: Personal financial advisors typically need a bachelor’s degree, though employers usually do not mandate a specific major. Coursework in investments, taxes, estate planning, and risk management is particularly beneficial for those entering this field.
- Common Undergraduate Majors: Business, social science, mathematics
Management Analysts
- Median Annual Salary: $99,410
- Education Requirements: A bachelor’s degree is the typical entry-level requirement for management analysts, though some employers prefer candidates with a Master of Business Administration (MBA). Management analysts tackle a variety of issues across industries, making degrees in business, social sciences, and even engineering relevant to the role.
- Common Undergraduate Majors: Business, social science, engineering
| Job | Typical Entry-level Degree | Median Salary |
| Financial Analysts | Bachelor’s | $99,890 |
| Personal Financial Advisors | Bachelor’s | $99,580 |
| Management Analysts | Bachelor’s | $99,410 |
Management Roles in Various Industries
Employees who advance to management roles often have the potential to earn significantly higher salaries than their non-management counterparts. This trend is particularly pronounced in business and financial industries, but it is generally true across a wide range of sectors. Achieving these higher-paying management positions often requires additional education, such as a Master of Business Administration (MBA), or specialized training in leadership, strategy, and industry-specific knowledge.
Key Management Roles and Salaries
The median annual wage for management roles across all industries was $116,880 in May 2023, which is considerably higher than the median wage for all occupations, which was $48,060. Below are examples of management roles that demonstrate the potential for higher earnings:
Computer and Information Systems Managers
- Median Annual Salary: $169,510
- Role Overview: These managers oversee an organization’s information technology (IT) activities, ensuring that computer systems run efficiently and meet the company’s needs. They often hold degrees in computer science, information systems, or business administration, and may require several years of experience in the IT field.
Architectural and Engineering Managers
- Median Annual Salary: $165,370
- Role Overview: These managers coordinate and direct architectural and engineering projects. Their work includes planning, design, and research, often requiring a background in engineering or architecture, along with significant experience in the field. A master’s degree in engineering management or business administration can enhance advancement prospects.
Natural Sciences Managers
- Median Annual Salary: $157,740
- Role Overview: Natural sciences managers supervise the work of scientists, including chemists, biologists, and physicists. They manage research and development projects and are often involved in policy setting and strategic planning. A strong background in a scientific discipline and an advanced degree in management or science is often required.
Advertising, Promotions, and Marketing Managers
- Median Annual Salary: $156,580
- Role Overview: These managers oversee campaigns to generate interest in products or services. They work in various industries, including advertising, public relations, and media. A bachelor’s degree in marketing, advertising, or a related field is common, but higher-level positions may require an MBA.
Financial Managers
- Median Annual Salary: $156,100
- Role Overview: Financial managers are responsible for the overall financial health of an organization. Their duties include producing financial reports, directing investment activities, and developing strategies and plans for the long-term financial goals of their company.
Tips for Deciding on a Major
Choosing a college major is one of the most significant decisions you will make as a student, impacting not only your academic experience but also your career trajectory and financial future. While it’s natural to be drawn to majors with the highest salary potential, it’s essential to balance financial goals with personal interests, strengths, and long-term career aspirations. Here are some tips to help you make an informed decision:
1. Consider Your Interests and Strengths
- Aligning Passion with Profession: It’s important to choose a major that not only offers financial benefits but also aligns with your interests and strengths. A major that excites and motivates you is more likely to lead to job satisfaction and long-term success. Reflect on subjects that you enjoy and excel in—these could be key indicators of a suitable major.
2. Research Career Prospects
- Job Market Demand: Look into the job market demand for careers associated with the majors you’re considering. High salaries are often found in fields where there is strong demand for skilled professionals, but it’s also important to consider job stability and growth potential. Use resources like the U.S. Bureau of Labor Statistics (BLS) to research the job outlook for various careers.
3. Evaluate the Earning Potential
- Salary Potential: While this article focuses on the highest paying college majors, it’s crucial to remember that salaries can vary widely depending on location, industry, and experience. Consider the long-term earning potential and opportunities for advancement in your chosen field. However, don’t let salary be the only deciding factor—consider other benefits like job satisfaction and work-life balance.
4. Consider Further Education Requirements
- Advanced Degrees: Some high-paying careers require advanced degrees or additional certifications beyond a bachelor’s degree. Consider whether you are willing and able to commit to further education, as this can significantly impact your career options and earning potential. For example, roles like doctors, lawyers, and certain engineers often require extensive postgraduate education.
5. Seek Guidance and Explore Opportunities
- Career Counseling and Internships: Take advantage of career counseling services offered by your school or college. Speaking with a career advisor can provide valuable insights into your strengths and help you explore potential majors and careers. Additionally, internships and job shadowing can offer real-world experience and a better understanding of what a particular career entails, helping you make a more informed decision.
6. Balance Financial Goals with Personal Fulfillment
- Long-Term Satisfaction: While it’s essential to consider the financial rewards of a career, it’s equally important to think about what will make you feel fulfilled in the long run. A major that leads to a well-paying job may not be satisfying if the work doesn’t align with your values or interests. Aim to find a balance between a comfortable income and personal fulfillment.
By considering these factors, you can make a well-rounded decision that not only sets you up for financial success but also ensures long-term satisfaction in your career. Choosing a major is a personal journey, and while salary potential is an important consideration, it’s just one piece of the puzzle.
Final Thoughts on Choosing a High-Paying Major
Selecting a college major is a decision that will shape your academic journey and professional future. While it’s natural to be drawn to majors that promise high salaries, it’s crucial to remember that even the highest paying major might not lead to satisfaction if it doesn’t align with your interests, strengths, and long-term goals. The key to a fulfilling and successful career is finding a balance between financial rewards and personal fulfillment.
Ultimately, the best major for you is one that not only meets your financial goals but also resonates with your passions and aspirations, setting you on a path to long-term success and satisfaction.
Sources:
U.S. Bureau of Labor Statistics, Architecture and Engineering Occupations
U.S. Bureau of Labor Statistics, Business and Financial Occupations
U.S. Bureau of Labor Statistics, Computer and Information Technology Occupations
U.S. Bureau of Labor Statistics, Healthcare Occupations
U.S. Bureau of Labor Statistics, Legal Occupations
U.S. Bureau of Labor Statistics, Management Occupations
U.S. Bureau of Labor Statistics, Occupational Employment and Wage Statistics (OEWS)
