Monday, May 6, 2013

What's the highest paying undergraduate major?

Petroleum least according to the National Association of Colleges and Employers.  According to their survey, starting salaries for recent petroleum engineering undergraduates is a whopping $93,000!  Not only is that more than twice the average starting wages for 2012 grads, but it's higher than the majority of college professors in the country.  As economist Mark Perry at the University of Michigan, Flint puts it in his blog post on this topic:
Add petroleum engineering majors in the College Class of 2013 as another group in a very long list of beneficiaries of America’s shale revolution – they are earning starting salaries right out of college that are very likely higher than most of their college professors that helped them earn their degree. Even the average full professor at a Master’s category university earned a base salary of less than $93,000 during the 2012-2013 academic year.
Click here for a PDF file containing an executive summary of the data.