An Engineering Degree Can Earn You A Large Salary!
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One of the biggest payoffs in a college degree could be for engineering majors. A National Association of Colleges and Employers Salary Survey shows that four of the five most highly paid 2010 majors were engineering degrees. There are also a wide variety of engineering majors from which can choose, allowing them to enter diverse fields. If you are interested in this, then you should learn more about on line degrees.
Chemical engineers take raw materials and create and work with chemical products and more, while computer engineers create computer hardware and software, according to Michigan State University. Electrical engineers, this same institution notes, design, develop and test electrical equipment. Petroleum engineers work with the earth, producing oil and gas and other resources from it, according to the University of Texas at Austin web site.
Petroleum, chemical, computer and electrical engineering majors, depending upon area of specialty, in 2010 were offered starting salaries of between $49,381 and $74,799 that were among the four highest, the 2010 Salary Survey Shows. These offers were high, because the supply of engineers might not be meeting the demand, a news release quote from a National Association of Colleges and Employers representative suggests. Of more than 1.5 million degrees awarded in 2008, only 5.4 percent of them were engineering degrees, according to the association. Chemical engineer starting salaries in 2010 were 1.1 percent higher than those for July 2009, the rest were lower, with petroleum engineers seeing the largest decline, at 10 percent. Be sure to find more information about online degree program.
There are also civil engineers who plan, design and assist in operating water resources, transportation and environmental systems and urban development, the Michigan State University web site notes. Biomedical engineers, according to North Carolina State University, solve problems related to medical care and work for hospitals, pharmaceutical companies, medical schools and more. Biomedical engineers are expected to see the fastest employment growth into 2020-2021, according to the Bureau of Labor Statistics. Civil Engineers that in 2008 held the most engineering jobs, should see the largest employment increases over the next decade, the Bureau of Labor Statistics notes.
The solid investment an engineering degree provides isn't new. In 2007, author and MSN Money columnist Liz Pullman Weston used U.S. Census information to come up with rough income increase estimates and compared these estimates with the cost of a college, university or technical school education. She too cited engineering degrees as giving graduates the biggest payoff. Students can expect to pay varying tuition and fees depending upon whether they choose two- or four-year institutions and whether colleges, universities and technical schools are private or public, the College Board notes. Financial aid also plays a role, according to the College Board. Students who plan to enter engineering fields might plan at least to obtain a bachelor's degree, the Bureau of Labor Statistics notes.
A College Board report citing numbers from "Trends in College Pricing 2009" and "Trends in Student Aid 2009" noted that, with grants and financial aid, public four-year colleges on average charge $7,020 per year in tuition and fees for students who reside within the states where the schools are located. The average annual out-of-state cost at public colleges is $11,528, the College Board report notes. Annual tuition and fees at private four-year institutions, on the other hand, is $26,274, much lower than the published rates and often offset by a good amount financial assistance, according to the College Board. Students who want to save on costs associated with room and board might consider online college, university and technical school programs.
US News & World Report is known for its annual "America's Best Colleges" edition. Rankings are based on input from administrators and senior faculty members who are familiar with different programs. The 2010 "Best Colleges" edition lists engineering programs by area of specialty and the degree levels to which institutions extend. Colleges, universities and technical schools with programs into the doctoral level tend to offer the widest array of offerings, US News & World Report notes.
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