A College Degree: Will it make you Rich? Best education to make money
Whether or not a college degree is the solution for you to make millions is not a clear-cut question and answer. In fact, even after obtaining a college degree there is no guarantee in most instances that you will be employed in your field of major. While networking and internships play critical roles in obtaining fair or high-paying salary jobs, this is not always available to every student.
In some cases, a university will have a special contract or agreement with certain employers to guarantee a relevant, salaried position post-graduation. Often, these special arrangements are reserved for top performing students, or isolated to only specific areas of study and work.
Which Degree is right for You?
If you want to make the most money possible, and one day millions, most of the careers mentioned below will not bring you such riches. If this is truly something you’re after, then pursuing the required education and licensing to become a medical doctor or perhaps a stockbroker will yield much more desirable results.
Top Degree Programs by Salary
Some of the best paying careers with a college degree are:
Architects, as they make an average annual salary of $50,000 a year to start, right out of college.
Specialized engineers (such as Physics or Computer Sciences) also start with an average annual salary of around $50,000-$55,000 post-degree.
Those specializing in the area of economics and political economic studies can average between $60,000 and $75,000 annually just to start.
For those that think they’re up for the challenge, finishing a (8-10 years studies alone) lengthy degree and licensing as a medical doctor, one can expect to start at a salary range of between $100,000 to $160,000 per year, dependent upon the work-environment and area of specialty, such as Pediatrics, Psychiatry ($185,000), or Pulmonary Medicine ($300,000 average annual salary).
Students that pursue graduate level education and go on to become scientists specializing in areas such as Biology or Geology can expect to start at an average annual salary of around $76,000.
Ultimately, in consideration of the various degrees and career paths available, where you decide to work and for whom will most heavily impact your starting and median salary – as well as your future chances of receiving pay increases, and to what extent. While most majoring in social sciences can expect only a raise of around $8,000 through the course of 10 years, Scientists and Medical Doctors can expect to make anywhere from $100,000 to $250,000 or more in only half of that time.