Income Potential Based on Field of Study

Stressed out junior here. I've been doing some researching into college majors and came across people saying some college graduates make more than others, but how true is it? Which fields of study generally lead to higher income?

Hi there, it's understandable that you're thinking about future income. When looking at income potential by major, it's important to remember that these are averages and won't apply to every individual. Your personal aptitudes, work ethic, networking skills, and a bit of luck always factor into your ultimate income potential.

However, some trends do hold true for most individuals in the fields. Generally, Science, Technology, Engineering, and Mathematics (STEM) fields tend to lead to higher-than-average income. In terms of specifics, majors with high earning potential include Petroleum Engineering, Computer Science, and Operations Research.

Likewise, health-related fields often result in higher-than-average income. Doctors, dentists, and pharmacists are known to earn high salaries, although these fields may require additional schooling beyond a bachelor’s degree.

On the flip side, creative fields such as art, education, and social work generally lead to lower salaries in comparison. Yet, these fields can offer much personal fulfillment and societal impact, which are valuable factors to consider as well.

Lastly, it's important to be aware that while income potential may be a factor in choosing a major, it shouldn't be the only one. You should also consider your interests, skills, and career goals. Pursuing a high-paying career that you have no passion for could lead to dissatisfaction in the long run. Additionally, these kinds of trends can change over time, as one field becomes more lucrative and another fades. It's about finding the balance that works best for you!