Tuesday, April 14, 2020

Bachelors Degrees With the Highest Starting Salary

Bachelor's Degrees With the Highest Starting Salary Interested in a career that will pay for your college degree as quickly as possible? Then (sorry, psychology majors) you might want to consider engineering or computer science. Those are the rather unsurprising results of Michigan State University’s Recruiting Trends report, the largest annual survey of employers on that topic. The report collected data from more than 4,730 businesses hiring graduates nationwide on their recruiting and new hire practices (other data points include the bachelor’s degrees with the lowest starting salaries and the most hirable career fields for new grads). Also of interest from the findings, 61% of employers reported that starting salaries will remain the same as last year despite increased competition for top talent. Of the 39% of employers saying they will increase starting salaries, the average bump will be 4.7% (the median is 3%, while the most common increase will be 2%). Fifteen percent of employers plan to increase starting salaries by more than 10%. The salaries reflect base salaries only and do not include signing bonuses, commissions, housing and moving allowances, or other hiring incentives. Read next: 10 Great Colleges for Business Majors 15 Bachelor’s Degrees With the Highest Average Starting Salaries: Chemical engineering â€" $63,389 Computer engineering â€" $63,313 Electrical engineering â€" $61,173 Software design â€" $60,104 Mechanical engineering â€" $59,681 Computer programming â€" $58,995 Computer science â€" $56,974 Civil engineering â€" $55,879 All technical (IT, engineering, computer science) â€" $55,465 Management information systems â€" $51,690 Construction â€" $49,672 Finance â€" $48,785 Accounting â€" $47,834 All business â€" $47,459 Supply chain â€" $47,147 If you’re looking for a great college, check out the new MONEY College Planner website and our Find Your Fit tool, which lets you search for schools by major and other criteria that are important to you. Read Next: Bachelor’s Degrees with the Lowest Starting Salaries Video Player is loading.Play VideoPlayMuteCurrent Time  0:00/Duration  0:00Loaded: 0%Stream Type  LIVESeek to live, currently playing liveLIVERemaining Time  -0:00  SharePlayback Rate1xChaptersChaptersDescriptionsdescriptions off, selectedCaptionscaptions settings, opens captions settings dialogcaptions off, selectedAudio TrackFullscreenThis is a modal window.Beginning of dialog window. Escape will cancel and close the window.TextColorWhiteBlackRedGreenBlueYellowMagentaCyanTransparencyOpaqueSemi-TransparentBackgroundColorBlackWhiteRedGreenBlueYellowMagentaCyanTransparencyOpaqueSemi-TransparentTransparentWindowColorBlackWhiteRedGreenBlueYellowMagentaCyanTransparencyTransparentSemi-TransparentOpaqueFont Size50%75%100%125%150%175%200%300%400%Text Edge StyleNoneRaisedDepressedUniformDropshadowFont FamilyProportional Sans-SerifMonospace Sans-SerifProportional SerifMonospace SerifCasualScriptSmall CapsReset restore all settings to the default valuesDoneClose Modal Dia logEnd of dialog window.PlayMuteCurrent Time  0:00/Duration  0:00Loaded: 0%Stream Type  LIVESeek to live, currently playing liveLIVERemaining Time  -0:00  Playback Rate1xFullscreenClose Modal DialogThis is a modal window. This modal can be closed by pressing the Escape key or activating the close button.Close Modal DialogThis is a modal window. This modal can be closed by pressing the Escape key or activating the close button.

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