For job security and high pay, look to engineering

02.05.2013


For job security and high pay, look to engineering
For job security and high pay, look to engineering

If you're looking to find a job quickly and earn a great starting salary, you may want to get a degree in engineering, or science, technology or mathematics for that matter, the Huffington Post reports. 

According to the news source, a new survey issued by the National Association of Colleges and Employers (NACE) found that science, technology, engineering and math (STEM) degree graduates saw the highest starting salaries soon after college compared with their liberal arts and business major counterparts. 

Engineers in particular saw a huge increase in starting salaries between 2011 and 2012. Take aerospace engineers, for example, whose average starting salaries rose 8.3 percent to $64,000 per year - the largest increase of any engineering field. NACE conducted the survey by looking at the salaries of 2012 college graduates who went into more than 90 fields. The data was gathered from the Bureau of Labor Statistics, the Census Bureau and compensation measurement firm Job Search Intelligence. 

According to Nextgov, NACE executive director Marilyn Mackes said the rising pay in engineering positions should be expected given the current market conditions. 

"This is not surprising since the supply of these graduates is low, but the demand for them is so high," she said.

According to the report, computer engineering fields were also among the 10 highest-paid engineering positions following a bachelor's degree. Computer engineering was the highest paid major in 2012, boasting an average starting salary of $70,400.

Of the top 10 money-making majors, six were in engineering, including chemical engineering, which had a starting salary of $66,400, mechanical engineering at $62,300 and civil engineering, which reported an average starting salary of $57,600. The report noted that average salary of all engineering disciplines rose 3.9 percent between 2011 and 2012, finishing at $61,913. This was the highest-paid group among all survey respondents. Other sectors that traditionally see high salaries included business, computer science and health sciences. 

While mechanical engineering majors reported salaries on the lower end of the engineering spectrum, those who were hired by petroleum, mining and geological firms saw much higher starting pay, at an average of $77,500. Those hired specifically for aerospace engineering jobs at a manufacturing firm saw an average starting salary of $71,700. 

According to the Huffington Post, employment agencies are noting that holding a college degree has become increasingly important in recent years. With the millennial unemployment rate at about 13.1 percent in January, the market is tight, and any advantage, such as a degree, could give you a leg up against your competition. 

 

 

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