Browsing Category

Salary News

Career, Salary News

Top College Majors for Big Money

May 31, 2011

Still deciding on a college major (or advising someone on one)? Don’t rule out engineering. A new study by Georgetown University finds that earnings by engineers are on average 300 percent higher than other majors.

“The bottom line is that getting a degree matters, but what you take matters more,” said Anthony Carnevale, director of Georgetown’s Center on Education and the Workforce, which conducted the study using U.S. Census data.

The top five Bachelor Degree majors include:

1. Petroleum Engineering/$120,000

2. Pharmacy and Pharmaceutical Science majors/$105,000

3. Math and Computer Sciences/$98,000

4. Aerospace Engineering/$87,000

5. Chemical Engineering/$86,000

Rounding out the top 10 were other engineering specialities: electrical, marine, mechanical, metallurgical, mining and mineral.

The lowest media earnings for a major? Psychology at $29,000.

Career, Salary News

Is Your Salary Enough to Make You Happy?

September 20, 2010

moneyMoney just might be able to buy you happiness. According to a study from Princeton University, earning $75,000 a year is just the right amount to make you happy. Make any more and sure, you might be driving a nicer car but it won’t bring you any more happiness. The more your income is below that level and the unhappier you’ll be.

According to an article in Time magazine, self-evaluation is, “heavily influenced by income.” The more money a person earns the more they feel like their life, “is working.”

The study authors, which include Nobel laureate Daniel Kahneman, say a higher income doesn’t bring someone happiness but it does, “bring you a life you think is better.”

Time to ask for a raise?

Photo via Flickr: by