Ranked: America’s 20 Highest-Paying College Degrees
The highest-paying college degrees can shape a graduate’s earning potential for decades. While factors like industry, location, and experience influence salaries, some majors consistently lead to higher pay than others.
This visualization, created in partnership with Terzo as part of the Markets in a Minute series, ranks America’s highest paying college degrees based on median mid-career wages. The data comes from the New York Fed and highlights which majors deliver the strongest long-term earning potential in 2024.
Engineering Dominates the Highest-Paying College Degrees
Engineering majors claim many of the top spots in the rankings. Chemical engineering leads the list with a median mid-career wage of $135k. Computer engineering and aerospace engineering follow close behind at $131k and $130k, respectively.
| Rank | Major | Mid-Career Median Wage ($k) |
|---|---|---|
| 1 | Chemical Engineering | 135 |
| 2 | Computer Engineering | 131 |
| 3 | Aerospace Engineering | 130 |
| 4 | Electrical Engineering | 123 |
| 5 | Computer Science | 120 |
| 6 | Mechanical Engineering | 120 |
| 7 | Construction Services | 120 |
| 8 | Civil Engineering | 115 |
| 9 | Economics | 115 |
| 10 | Finance | 112 |
| 11 | Business Analytics | 109 |
| 12 | General Engineering | 105 |
| 13 | Misc Engineering | 105 |
| 14 | Physics | 105 |
| 15 | Engineering Technologies | 104 |
| 16 | Info Systems & Mgmt | 100 |
| 17 | Industrial Engineering | 100 |
| 18 | Biochemistry | 100 |
| 19 | Mathematics | 100 |
| 20 | Political Science | 100 |
Electrical engineering, mechanical engineering, and civil engineering also rank among the highest paying college degrees. These fields benefit from sustained demand across manufacturing, infrastructure, energy, and advanced technology industries.
Engineers also earn some of the highest salaries immediately after graduation. Recent graduates typically make between $75k and $90k annually, giving many engineering majors a strong head start.
Technology Degrees Continue to Deliver Strong Earnings
Technology-focused majors also offer impressive returns. Computer science ranks fifth overall, with a median mid-career wage of $120k.
Information systems and management also appears among the top-paying degrees. As companies invest in artificial intelligence, automation, and digital transformation, graduates with technical skills remain in high demand.
Business and Science Degrees Offer Competitive Pay
Not all of the highest paying college degrees fall within engineering or technology. Economics ranks ninth, with a median mid-career wage of $115k. Finance follows at $112k, while business analytics reaches $109k.
Several science majors also make the list. Physics, biochemistry, and mathematics each deliver median mid-career wages of $100k or more. These disciplines provide analytical and quantitative skills that employers value across many industries.
What the Highest Paying College Degrees Mean for Leaders
Compensation remains one of the largest expenses for most organizations. Understanding which degrees command the highest wages can help CFOs benchmark talent costs, identify skills shortages, and plan future workforce investments.
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Learn how Terzo’s NirvanAI can help your company save money by turning contract PDFs into structured, actionable insights.
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- Source: https://www.visualcapitalist.com/sp/ter02-ranked-americas-20-highest-paying-college-degrees/
