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• According to a recent New York Federal Reserve study of full-time workers, engineering degrees took nine top 16 rankings for college majors with the highest income five years after graduation.
• Computer engineering majors ranked first with an annual median salary of $80,000, followed by chemical engineering and computer science-the only two other majors that pay more than $75,000 annually.
• The trend is expected to continue. STEM jobs— science, technology, engineering, and mathematics-are expected to grow twice as fast as non-STEM jobs through 2031.
• When looking at "mid-career" graduates-aged 35-45 working full-time-engineering majors tend to make six figures. Once again, chemical engineering is ranked first, with $133,000 in annual median income.
• The lowest-paying majors were in liberal arts or education. Early childhood education had the lowest pay for mid-career earners, with an annual median income of $48,000-only $8,000 more than at the start of their careers.