Engineers Are Highest Paid College Graduates

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By Douglas A. McIntyre Updated Published
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There is more bad news for liberal arts majors who already have a hard time with job searches because they are perceived to have no ready skills for most employers. College graduates with petroleum engine degrees make an average of $120,000 in their first year out of school. That is on par with what many law school and MBA degree holders get.

The next nine best paying degrees are, according to a survey by Georgetown, “Pharmacy/pharmaceutical Sciences and Administration ($105,000); Mathematics and Computer Sciences ($98,000); Aerospace Engineering ($87,000); Chemical Engineering ($86,000); Electrical Engineering ($85,000); Naval Architecture and Marine Engineering ($82,000); Mechanical Engineering, Metallurgical Engineering and Mining and Mineral Engineering (each with median earnings of $80,000).”

The bottom of the earnings ladder are: “Counseling/Psychology ($29,000); Early Childhood Education ($36,000); Theology and Religious Vocations ($38,000); Human Services and Community Organizations ($38,000); Social Work ($39,000); Drama and Theater Arts, Studio Arts, Communication Disorders Sciences and Services, Visual and Performing Arts, and Health and Medical Preparatory Programs (each at $40,000).”

The survey shows several things. The first is that curing crazy people or saving people’s souls is much less valuable than the work to explore and produce oil. Pharmacists offer drugs instead of therapy which may be a more financially efficient way to cure the mentally ill. This reduces health care costs, which is already a major goal of the federal government.

There is no time in the past where people who can act, paint, or help the less fortunate have been paid well except for stars like Lady Gaga and Harrison Ford. They are one in a million, so people who go into the arts must love them or are able to put hope before reason.

The Georgetown study shows that we live in a world of engineers whether they help produce oil and ore, iPads, or military ships. It is a wonder the colleges offer liberal arts majors at all. Those who graduate with them will only add to the rolls of the unemployed.

Douglas A. McIntyre

Photo of Douglas A. McIntyre
About the Author Douglas A. McIntyre →

Douglas A. McIntyre is the co-founder, chief executive officer and editor in chief of 24/7 Wall St. and 24/7 Tempo. He has held these jobs since 2006.

McIntyre has written thousands of articles for 24/7 Wall St. He is an expert on corporate finance, the automotive industry, media companies and international finance. He has edited articles on national demographics, sports, personal income and travel.

His work has been quoted or mentioned in The New York Times, The Wall Street Journal, Los Angeles Times, The Washington Post, NBC News, Time, The New Yorker, HuffPost USA Today, Business Insider, Yahoo, AOL, MarketWatch, The Atlantic, Bloomberg, New York Post, Chicago Tribune, Forbes, The Guardian and many other major publications. McIntyre has been a guest on CNBC, the BBC and television and radio stations across the country.

A magna cum laude graduate of Harvard College, McIntyre also was president of The Harvard Advocate. Founded in 1866, the Advocate is the oldest college publication in the United States.

TheStreet.com, Comps.com and Edgar Online are some of the public companies for which McIntyre served on the board of directors. He was a Vicinity Corporation board member when the company was sold to Microsoft in 2002. He served on the audit committees of some of these companies.

McIntyre has been the CEO of FutureSource, a provider of trading terminals and news to commodities and futures traders. He was president of Switchboard, the online phone directory company. He served as chairman and CEO of On2 Technologies, the video compression company that provided video compression software for Adobe’s Flash. Google bought On2 in 2009.

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