Now, more than ever people investing in college want to know that return they can expect for their money, reports Clare Kaufman of Findtherightschool.com. The top following top five degrees set the standard for ROI.
1) Master of Business Administration. Incomes jump an average of 33 percent after completing the degree, according to the Graduate Management Admission Council. Business Week’s top ranked MBA program graduates average $96,000 salary.
2)Associates or Bachelor’s Degree in Nursing. Huge talent shortages exist in the nursing field given our aging population. Job growth is expected to reach 25 percent per annum. Current loan forgiveness programs from the Department of Health and Human Services, will cover 60 percent of educational costs in return for two years of service in shortage areas. Median salaries are $62,280 per BLS.
3) Bachelor’s Degree in Engineering. Engineers top the Bureau of Labor Statistics (BLS) list of degrees with highest earning power. Entry-level salaries start at more than $50,000 and median salaries range from $65,000 to $100,000 depending upon specialty.
4) Bachelor’s Degree in Accounting. The BLS reports an average income of $63,180. CPAs earn an average of $91,608. Strong demand for skills in accounting exist in the banking, retail and investment management markets.
5) Associate’s Degree in Computer Science. With a two-year education program, grads can start a lucrative career in the IT sector. Computer support specialists earn $45,300 in 2007, and administrators earned $67,850.