Is a college degree worth the cost? These are the majors with the best return on investment

Each year, the Bureau of Labor Statistics updates the Occupational Outlook Handbook, which provides information on the jobs expected to grow in number over the coming decade, the educational attainment needed to get hired, and the pay associated with these professions.

For those thinking about what to major in, the tool is quite useful, as it can give you an idea of those that are likely to lead to the highest compensation, in sectors where there may be less competition, since the industry is forecast to grow as one enters the workforce.

As of the 2024 update to the Occupational Outlook Handbook, eight professions require a bachelor’s degree, have a median salary of over $100,000 a year, and are expected to see “much faster than average growth” in the number of roles in the coming years.

The BLS estimates that 50,000 or more roles will be created in these professions over the next decade. But what majors open up these career opportunities?

Degrees that put a student on a path to a prosperous career

Before selecting a degree, it’s important to recognize that while some specialized fields require specific educational training, many employers do not limit their hiring criteria so narrowly. Are there certain degrees that can lead to higher-paying jobs? Yes, but it’s essential to consider whether these positions align with your interests. Pursuing a field that doesn’t engage you can lead to dissatisfaction in the long run. In summary, your professional prospects should be one of the factors you consider when deciding on your major.

There are two professions on the list that do not require a specific degree: Medical and Health Services Manager and Management Analyst. According to the Bureau of Labor Statistics (BLS), while a degree is generally needed for these roles, they do not specify which disciplines are most desirable.

Additionally, individuals aspiring to become a Financial Manager must obtain a bachelor’s degree. The BLS states that, in addition to the degree, candidates will need at least five years of experience working as an accountant, securities sales agent, or financial analyst.

What careers are available to those who study computer science

In contrast, the BLS recommends studying computer science for many computer-related positions.

However, for those looking at Computer Systems Analyst roles, the BLS states that a computer science or information systems degree may “not always [be] a requirement.” Some firms hire job candidates who have a degree in business or liberal arts along with relevant skills," reads the job profile.

Computer and Information Systems Managers, who earned a median salary of $170,000 in 2024, are sometimes expected by hiring managers to have a graduate degree in a computer science or information-related field. Current students looking to become. Data scientists, Information security analysts, Software developers will encounter similar labor market conditions, with a graduate degree or further professional development not being absolutely essential, but preferred by some companies.

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