The Best Types of Degrees to Earn Money

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What you study can determine what you are qualified for, the type of jobs you get in the future, and your starting salary level. While it’s true that you can achieve a high salary, there’s no denying that the sooner you start making big money, the better prepared you’ll be to achieve the lifestyle you’re aiming for.

Of course, jobs with high starting salaries aren’t easy. Often, you’ll have to endure long working hours, sleepless nights, and a grueling office culture. In fact, the world highest paying industries are known to cause burnout and intense levels of stress among their employees. Survive these and your dream salary could be yours.

Before all this, you will first need to get a degree that will help you get your foot in the door. Be warned though: some degrees will open up more avenues for you, while others may lock you into a specific area that you need to be prepared to commit to. Either way, be very careful in choosing the right degree for you and the future you want for yourself.

That being said, there is no harm in researching the types of degrees that will get you the best paying jobs, according to Indeed.com. Here are some of our top picks:

Businessmen and economists tend to earn high starting salaries after graduation. Source: Angela Weiss/AFP

4 Best Types of Degrees to Earn Money

Company

It is perhaps the most profitable degree there is, and it has everything to do with its versatility. In a business degree, you will study a wide range of subjects: macro and microeconomics, basic finance, marketing, and more.

Other than that, you should expect to specialize in certain subjects depending on the degree you choose. For example, a business degree with a more globally focused curriculum can give you greater insight into international trade and tariffs. Others who are more management oriented may give you better training in project management.

Typically, business degree graduates start with a salary of $47,850 per year.

Economy

Economics is next on the best types of degrees to earn money. Similar to business, this is a versatile degree that applies to many types of fields – which can open many doors for your future career.

As an economist, you’ll analyze financial information to predict trends and understand consumer behavior – something you’ll learn to do in your degree. Besides that, you will learn about international trade, individual decision-making, economic policy, and more.

The median base salary for an economist in the United States is US$52,000 per year.

Biomedical engineers are integral to the development of health care and medicine. Source: Alfredo Estrella/AFP

Biomedical genius

Technology is an important facet of medicine and healthcare today – and biomedical engineering is at the forefront of this. Here, students learn combine biology with engineering to design medical devices and therapies. Most of the time, this will require working in teams with other students to come up with ideas and solutions to problems that arise.

As a biomedical engineering student, you can expect to be grounded in introduction to math, biology, engineering, chemistry, and physics. Other areas you can specialize in include biomechanics, biomolecular engineering, systems and synthetic biology, tissue engineering, and regenerative medicine, etc.

On average, biomedical engineers earn around $52,814 per year.

Feeding with milk

Types of degrees centered around health care and medicine typically command high salaries — and nursing is no different. In this degree, you will learn how to care for patients recovering from illness or injury while under the supervision of a physician.

During your studies, you will learn about human anatomy, biology and diseases. Other than that, you can take additional courses in chemistry, physiology, and nutrition, depending on what you want to specialize in. At the end of your studies, you will join a profession that is constantly evolving, medium growth — opening up more available positions.

As a nurse, you can expect to earn around $58,928 per year.

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