When it comes to earning money after college, there are a few factors you should consider. Obviously, you’ll want to make a good return on your investment. Materials science and engineering majors typically make the most money. Other top-paying majors include Chemical and nuclear engineering and Business and information technology.
Materials science and engineering majors make the most money
Graduates of materials science and engineering programs can earn high salaries, with the highest earners making over $110,000 per year. On the other hand, those in the lowest 20 percent make just $43,817. While grad salaries vary widely, the median salary for these majors is $69,626. Materials science and engineering majors can expect to earn at least $61,154 during their early careers, and up to $71,533 within five years.
Graduates with a materials science degree can work in a variety of industries. For example, they may become a technical sales engineer for a company. In this role, they use their knowledge of the technical aspects of a product to help potential clients decide whether to buy it.
Salaries can vary dramatically, but overall, the top 10% of Material Science And Engineering professionals make between $116,050 and $142,300 per year. In 2018, the top one percent earned over $124,500. While average salaries can vary based on education and experience, most Material Science And Engineering graduates earn between $64,000 and $100,000 per year.
Although engineering majors are the most sought-after, choosing what type of engineering to study is critical. Different types of engineers earn higher salaries than others, but all engineers are in high demand and well-paid. If you are interested in pursuing a career in materials science and engineering, you should consider the following factors:
While the engineering field can be broad, there are many distinct disciplines within it. Each of these specialties has its own set of job types. As a result, the pay for these majors is usually well above the national average. Some reputable organizations predict that these salaries will continue to grow in the years to come.
Chemical engineering majors make the most money
According to the Bureau of Labor Statistics, chemical engineers in the United States made an average annual salary of $114,820 in 2016. This is significantly higher than the national average of $56,310. While the average salary will vary from state to state, the profession is still among the best paying. In Texas, chemical engineers earned a median annual income of $138,600, while those in Utah earned an average salary of $76,920.
Some of the highest paying chemical engineers work in the energy, food, and medical fields. Those in the top 10 percent of the pay scale earn up to $187,000 per year. However, these high-paying positions aren’t common for fresh graduates, who may need to work long hours to make ends meet.
The chemical industry requires a high level of expertise in manufacturing processes. This means that chemical engineers should have experience working with large scale equipment. Their job description may include design and analysis of industrial processes. They may also have to consider the impact of different manufacturing methods on the environment. Those who choose this career path will need a bachelor’s degree in chemical engineering and a good amount of work experience.
Graduates with a chemical engineering degree are well-positioned to enter the food industry. Many companies need these graduates in fields like oil and gas, food processing, and pharmaceuticals. The list below highlights the different types of jobs in these industries, as well as their salaries. It’s worth keeping in mind that the salary and employment statistics for chemical engineers will vary depending on where they live.
As a chemical engineer, you can work in the private or public sector. Your work will require you to work closely with scientists and engineers, researching issues and developing ideas for new products and processes. You’ll also need a strong understanding of biology, mathematics, and economics to be successful in this field.
The pay for these engineers is very high. They often work in a variety of fields and may travel a lot to find resources. The highest-paid 10% of these professionals earn more than $208,000 a year.
Nuclear engineering majors make the most money
Nuclear engineering professionals earn excellent median salaries. Top earners can earn over $179,000 a year. However, demand for nuclear engineers may be decreasing as more people choose to use alternative energy. This may lead to less jobs and less salaries for nuclear engineers. In addition to nuclear engineering, a career in chemical engineering can be highly lucrative. The field deals with the design of chemicals and the use of radiation for various applications.
Nuclear engineers can use their knowledge of nuclear physics and materials to design medical imaging devices, such as PET scans. They can also design nuclear machines, such as cyclotrons, to produce a high-energy beam that can be used to target cancerous tumors. Their salary can vary depending on their level of education and experience. The average salary for nuclear engineers is $125,130 per year, with the highest earnings being made in California and the Professional, Scientific, and Technical Services sector.
Most nuclear engineers work full-time and may work for more than 40 hours per week. Their work environment is typically a laboratory or an office. Cooperative education programs and internships can be valuable to prospective employers. To become a nuclear engineer, a bachelor’s degree is required. In some cases, a master’s degree or Ph.D. may be required.
As you can see, the demand for engineers is high, which means that obtaining a degree in this field can guarantee a long-term job. Moreover, many of these engineering fields are relatively future-proof and don’t stagnate due to current trends. As a result, the best paying engineers will always be in demand.
With a bachelor’s degree in engineering, you can work in various fields. This degree will prepare you for testing, designing, and inspecting products. As a result, you’ll be able to earn over $83,000 per year. The demand for engineers is expected to increase rapidly in the coming years as our country develops new energy systems and modernizes its infrastructure.