The good news about college graduate hiring rates

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The good news about college graduate hiring rates
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Good news for new college grads! Employers are planning to hire you this year, according to a new CareerBuilder survey.

Business majors are in highest demand, followed by computer and information sciences majors, and engineering majors.

But good luck finding a job if you studied communication and journalism; liberal arts and sciences, general studies and humanities; science technologies; social sciences; biological and biomedical sciences; architecture and planning; or education. Those fields are in the lowest demand, according to the survey.

Either way, don’t expect too fat of a pay check. Only an estimated 27% of annual starting salaries will be more than $50,000.

Read more: Top 10 highest paying work-at-home careers

The highest-paid college majors

If you’re looking for the highest-paid and lowest-paid college majors, here’s the latest list (these are projected starting salaries) according to the National Association of Colleges and Employers:

Engineering $64,891
Computer Science $61,321
Math & Sciences $55,087
Business $52,236
Agriculture & Natural Resources $48,729
Healthcare $48,712
Communications $47,047
Social Sciences $46,585
Humanities $46,065
Education $34,891

Meanwhile, recent research from The Hamilton Project shows that the highest-paying majors will earn you roughly $1 million more over a working lifetime than the lowest-earning majors. This chart offers a great visual aid to take in all the research at a glance.

Degrees that pay the most have lifetime earnings in excess of $2 million. (The average earning over a career is $1.25 million.)

However, there are some real weak spots when it comes to earning; a four-year elementary education degree earns you less over a lifetime than the average 2-year associate degree. Ditto for social work, drama and theater arts. Music is dead even on earning power with a two-year associate degree.

The point is if you find something you would really like doing and it pays, maybe you consider it. Of course, money is not everything.

Taking on enormous student loans to be an art history student, well, maybe that’s not a great idea. Ditto for a social worker. On the other hand, if you do chemical engineering, that has a real payback over a lifetime.

Read more: Top 10 jobs with tons of openings over the next 10 years

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Theo Thimou About the author:
Theo has co-written several books with Clark Howard, including the New York Times #1 bestseller Living Large in Lean Times. As a single widowed parent of two young children, he strives to bring unique savings tips to men and women like him who must face life without their spouses. He can be reached at [email protected]
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