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College Degrees That Earn the Most Money

As many as 85 percent of today's college students will return home to live with their parents at some point after they graduate. Credit: College graduates image via Shutterstock

New college graduates who have a background in engineering can expect to cash in when they hit the job market, a new study finds.

Research from the National Association of Colleges and Employers (NACE) found that six different engineering specialties are among the 10 highest-paid majors for recent college grads.

Specifically, computer engineering majors take home the highest staring salary of $70,400. Chemical engineering, aerospace/aeronautical/astronautical engineering, mechanical engineering, electrical/electronics and communications engineering and civil engineering were also among the 10 highest-paid starting salaries for recent grads.

"This is not surprising since the supply of these graduates is low, but the demand for them is so high,"said NACE executive director Marilyn Mackes.

The average starting salaries for the other majors in the top 10 are:

  • Chemical Engineering: $66,400
  • Computer Science: $64,400
  • Aerospace/Aeronautical/Astronautical Engineering: $64,000
  • Mechanical Engineering: $62,900
  • Electrical/Electronics and Communications Engineering: $62,300
  • Civil Engineering: $57,600
  • Finance: $57,300
  • Construction Science/Management: $56,600
  • Information Sciences and Systems: $56,100

Overall, the study found that the average starting salary of all new college grads is $44,455, up 3.4 percent from a year ago. Among the broad categories of majors, education, up 5.4 percent, business, up 4.2 percent, and communications, up 4.1 percent, experienced the largest increases to their average starting salaries.

The research was based on data from approximately 400,000 employers.

Follow Chad Brooks on Twitter @cbrooks76 or BusinessNewsDaily @BNDarticles. We're also on Facebook & Google+.

Chad Brooks

Chad Brooks is a Chicago-based writer who has nearly 15 years' experience in the media business. A graduate of Indiana University, he spent nearly a decade as a staff reporter for the Daily Herald in suburban Chicago, covering a wide array of topics including, local and state government, crime, the legal system and education. Following his years at the newspaper Chad worked in public relations, helping promote small businesses throughout the U.S. Follow him on Twitter.