Although applying to college is in itself a hefty expense (paying to take the ACT and SAT, undergraduate school admissions fees, postage, etc.), that’s nothing compared to the thousands of dollars (sometimes even hundreds out thousands) of debt many students take on to pay for four years at a top school. Today more than ever, students are wondering whether taking on more than $100,000 worth of debt for an undergraduate degree really makes sense.
Here are eight fields of study that can lead to some of the most lucrative jobs and careers!
The legal profession is best entered by those with a real passion for it, and while a young lawyer’s early years may not be quite as lucrative, the average salary for those with a law degree is still over $100K. Many law programs look for undergrads with interesting undergrad degrees. While Business and English are common, Philosophy will teach you rhetoric and argument, and give you a great foundation!
Planning to get an MBA, but not sure exactly what area you’d like to focus on? Management consultants with MBA’s frequently make six figures. An undergraduate degree in finance will give you a huge head-start on your business colleagues.
Ever wonder how much your local drug store pharmacist gets paid? On average, pharmacists make just under $100K, and work in a variety of locations – health clinics, retirement communities, as well as retail businesses. While not many schools have undergrad pharmacy degrees, biological or chemical engineering are also great pre-pharmacy school majors for this field.
The “final frontier” of the engineering world, technology and the computer industry continues to steadily increase its need for capable, well-trained workers.
There’s a wide range of work in this field – from mechanical engineering to electrical engineering – allowing you to specialize in the type of work that truly interests you. This can be just as lucrative as software engineering, although it may not be as fast-growing an industry.
Like business administration, this major is always in high demand, but there is much more freedom to specialize here. Economists work in media, in government, and for non-profits; however, their salary typically peaks around $100K.
Interested in medicine, but prefer to study mental health? Psychiatrists require four years of medical training plus a residency, but are highly in demand, especially as the baby boomer generation ages. This profession typically ears around $150K, on average. It just might be worth taking on some debt for a degree in psychology from a nationally-recognized program!
Though ROI (return on investment) is a big factor to consider in your undergrad plan, you’re likely to succeed in any profession for which you have a passion. You may want to consider a double-major if you have a wide-range of interests – most undergraduates do! If not, then try to see if you can graduate a year early by taking transferable summer classes at community colleges or taking on a heavier course load during the school year. Shaving a year off college cuts out nearly 25% of tuition costs and lets you enter the workforce earlier!
Before you choose your major, you’ll need to take the SAT. So, if you haven’t taken the test yet, check out our SAT prep courses. And, be sure to find us on Facebook and Google+, and follow us on Twitter!
Vivian Kerr is a regular contributor to the Veritas Prep blog, providing advice to help students better prepare for the GMAT, SAT.