The decision to attend college is not always an easy one. While it could be an incredibly rewarding experience that introduces students to lifelong friends and provides them with education, it can also be incredibly expensive. However, attending college can open the doors to higher-paying careers, though future earnings may depend on the major taken. (Here are the most expensive colleges in every state.)
To determine the highest paying college majors, 24/7 Wall St. reviewed data on earnings from the U.S. Census Bureau’s 2021 American Community Survey Public Use Microdata Sample files. Undergraduate college majors were ranked based on the average reported incomes of degree holders in 2021.
Settling on a college major can be a daunting challenge and a stressful process. Several factors may contribute to the decision, including interests, passions, and probably future career options. One factor in the decision may be future earnings potential. Certain majors can set up graduates to have access to higher-paying jobs and being quite well off financially. (These are where America’s 25 richest billionaires went to college.)
Among the 25 highest-paying majors there are a few trends. Engineering, be it mechanical, chemical, electrical, or otherwise, can be quite a lucrative major when translated into a career. As can sciences majors, especially ones that can be relevant to the pharmaceutical industry and computing. (This is the strangest job in every state.)
Click here to see the highest paying college majors.
Click here to see our detailed methodology,
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25. Physics
> Avg. annual earnings: $88,966
> Graduates with master’s degree or higher: 66.2%
> Unemployment rate: 2.9%
> No. degree holders: 445,906
Source: Laurence Dutton / E+ via Getty Images
24. Physiology
> Avg. annual earnings: $89,480
> Graduates with master’s degree or higher: 60.8%
> Unemployment rate: 3.1%
> No. degree holders: 170,836
Source: sturti / E+ via Getty Images
23. Construction services
> Avg. annual earnings: $89,620
> Graduates with master’s degree or higher: 11.1%
> Unemployment rate: 2.7%
> No. degree holders: 156,318
Source: Jirapong Manustrong / iStock via Getty Images
22. Business economics
> Avg. annual earnings: $90,830
> Graduates with master’s degree or higher: 31.7%
> Unemployment rate: 4.7%
> No. degree holders: 136,590
Source: vm / E+ via Getty Images
21. Mechanical engineering
> Avg. annual earnings: $90,938
> Graduates with master’s degree or higher: 37.6%
> Unemployment rate: 3.0%
> No. degree holders: 1,337,625
Source: GCShutter / E+ via Getty Images
20. Engineering mechanics physics and science
> Avg. annual earnings: $90,966
> Graduates with master’s degree or higher: 53.4%
> Unemployment rate: 2.6%
> No. degree holders: 48,647
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19. Aerospace engineering
> Avg. annual earnings: $91,063
> Graduates with master’s degree or higher: 49.4%
> Unemployment rate: 2.6%
> No. degree holders: 178,723
Source: Pinkypills / iStock via Getty Images
18. Management information systems and statistics
> Avg. annual earnings: $92,920
> Graduates with master’s degree or higher: 24.4%
> Unemployment rate: 3.8%
> No. degree holders: 324,791
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17. Applied mathematics
> Avg. annual earnings: $93,950
> Graduates with master’s degree or higher: 48.7%
> Unemployment rate: 6.2%
> No. degree holders: 69,406
Source: SolStock / E+ via Getty Images
16. Chemical engineering
> Avg. annual earnings: $94,868
> Graduates with master’s degree or higher: 46.0%
> Unemployment rate: 3.1%
> No. degree holders: 496,095
Source: doe-oakridge / Flickr
15. Materials science
> Avg. annual earnings: $96,246
> Graduates with master’s degree or higher: 62.6%
> Unemployment rate: 3.1%
> No. degree holders: 42,260
Source: Kinwun / iStock via Getty Images
14. Nuclear engineering
> Avg. annual earnings: $96,560
> Graduates with master’s degree or higher: 58.6%
> Unemployment rate: 1.3%
> No. degree holders: 25,684
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13. Electrical engineering
> Avg. annual earnings: $99,708
> Graduates with master’s degree or higher: 46.1%
> Unemployment rate: 3.0%
> No. degree holders: 1,528,411
Source: yalax / iStock via Getty Images
12. Biomedical engineering
> Avg. annual earnings: $99,782
> Graduates with master’s degree or higher: 49.8%
> Unemployment rate: 3.2%
> No. degree holders: 111,618
Source: Hispanolistic / E+ via Getty Images
11. Computer science
> Avg. annual earnings: $100,075
> Graduates with master’s degree or higher: 30.8%
> Unemployment rate: 3.8%
> No. degree holders: 1,863,240
Source: Laurence Dutton / E+ via Getty Images
10. Economics
> Avg. annual earnings: $101,421
> Graduates with master’s degree or higher: 43.0%
> Unemployment rate: 4.2%
> No. degree holders: 1,677,144
Source: fizkes / iStock via Getty Images
9. Finance
> Avg. annual earnings: $102,169
> Graduates with master’s degree or higher: 29.6%
> Unemployment rate: 3.2%
> No. degree holders: 1,682,131
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8. Biochemical sciences
> Avg. annual earnings: $102,789
> Graduates with master’s degree or higher: 61.6%
> Unemployment rate: 2.6%
> No. degree holders: 342,809
Source: industryview / iStock via Getty Images
7. Petroleum engineering
> Avg. annual earnings: $104,727
> Graduates with master’s degree or higher: 24.3%
> Unemployment rate: 7.7%
> No. degree holders: 37,704
Source: Eugeneonline / iStock via Getty Images
6. Genetics
> Avg. annual earnings: $104,920
> Graduates with master’s degree or higher: 64.5%
> Unemployment rate: 2.9%
> No. degree holders: 28,844
Source: hqrloveq / iStock via Getty Images
5. Actuarial science
> Avg. annual earnings: $105,464
> Graduates with master’s degree or higher: 25.5%
> Unemployment rate: 1.7%
> No. degree holders: 28,763
Source: YakobchukOlena / iStock via Getty Images
4. Health and medical preparatory programs
> Avg. annual earnings: $106,243
> Graduates with master’s degree or higher: 75.0%
> Unemployment rate: 2.4%
> No. degree holders: 160,889
Source: gorodenkoff / iStock via Getty Images
3. Computer engineering
> Avg. annual earnings: $112,291
> Graduates with master’s degree or higher: 37.8%
> Unemployment rate: 2.9%
> No. degree holders: 520,750
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2. Molecular biology
> Avg. annual earnings: $113,439
> Graduates with master’s degree or higher: 62.1%
> Unemployment rate: 2.3%
> No. degree holders: 124,600
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1. Mathematics and computer science
> Avg. annual earnings: $116,049
> Graduates with master’s degree or higher: 48.6%
> Unemployment rate: 1.8%
> No. degree holders: 28,482
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