Interest in pursuing bachelor’s degrees is on the rise in the U.S., with enrollment projections set to increase by 9% between 2021 and 2031.
STEM (Science, Technology, Engineering, and Mathematics) degrees, in particular, are gaining popularity due to their potential for high-paying jobs and long-term career stability, even during economic fluctuations, according to Forbes.
Recent reports show that STEM professionals earn above-average salaries and have strong job security. Notably, during the COVID-19 pandemic, 86% of STEM workers remained employed, compared to only 79% in other sectors.
As artificial intelligence (AI) and automation continue to advance, the demand for STEM degrees is expected to rise, offering graduates solid career opportunities and substantial earning potential.
Here are five bachelor’s degrees likely to offer salaries exceeding $100,000:
1. Computer Science
A bachelor’s degree in computer science prepares students for a variety of careers across industries such as technology, healthcare, finance, and government. With a strong emphasis on programming, software development, and systems analysis, this degree is highly versatile and in-demand. The average salary for computer science graduates is approximately $131,742, and career prospects remain strong as industries increasingly adopt digital technologies.
2. Mechanical Engineering
Mechanical engineering is another field with high earning potential, seeing an 11% job growth rate, well above the national average. This degree equips graduates with skills applicable in fields like manufacturing, robotics, aerospace, and information technology. Mechanical engineers earn an average salary of $126,350, and with additional certifications, they can expand their job opportunities further.
3. Electrical Engineering
Electrical engineering graduates are prepared for careers involving the design, testing, and improvement of electrical systems and devices. Job opportunities in this field are expected to grow by 9%, with a focus on hands-on experience to boost job prospects. Electrical engineers earn an average salary of $129,500, and internships during their studies can greatly enhance their chances of securing full-time positions post-graduation.
4. Biomedical Engineering
Biomedical engineering blends engineering principles with medical sciences, creating a field for those interested in health technology, surgical robotics, and medical device design. The sector is expected to see a 7% growth rate in job opportunities, with average salaries around $99,550. Some roles in the field can pay as much as $129,000, making it a highly rewarding career for those contributing to life-enhancing medical innovations.
5. Data Science and Analytics
Data science is a rapidly growing field, driven by the increasing use of AI across industries. Data scientists and analysts work alongside AI and machine learning teams to organize and analyze data, helping businesses make data-driven decisions. According to projections, the field will expand by 36% by 2033, creating an estimated 73,000 new job openings. Data science professionals enjoy competitive salaries, making it one of the most promising career paths today.
Conclusion:
These bachelor’s degrees offer strong earning potential and long-term career stability. As demand for talent in technology and healthcare sectors continues to grow, they present valuable career opportunities well into the future, particularly for those graduating in 2024 and beyond.
