A new analysis of 152 majors found engineering degrees are valuable financially and in the labor market.
Bankrate analyzed 2022 American Community Survey data to determine the “most valuable college majors.” Unemployment, median annual income, and the share of people with advanced degrees were the metrics used to create the ranking.
“In our ranking, majors are considered valuable if they lead to higher salaries, lower unemployment rates, and require the least amount of education because we were really just focused on bachelor’s degrees,” Alex Gailey, a Bankrate analyst, told Business Insider.
Still, Gailey said not everyone cares about their salary, and instead, people may put more emphasis on other career aspects, such as pursuing a certain field where they think they can make a difference.
Below are the majors that made the top 10 in Bankrate’s ranking:
The top nine most valuable majors had median salaries of at least $100,000. Actuarial science at No. 10 didn’t fall too behind in its median salary, at $95,000. Petroleum …