Sunday, May 05 2024 | Updated at 09:49 AM EDT

Stay Connected With Us F T R

Nov 25, 2016 11:29 AM EST

For students who are hoping to pay off their student loans quickly after graduation, choosing a career that has a fast salary growth would be a good thing to do. Thankfully, a new report shows what careers have the fastest and the slowest salary progression.

The report, based on a study conducted by Expert Market, looked into over 200 majors that promised the fastest rise in salary over a ten-year period after graduating from college. These majors were broken down into subjects to determine which career has higher salary growth potentials.

The Expert Market study found that although certain careers have a high amount of lifetime earnings, some careers have faster salary progression during the first ten years and are thus better choices for students who are looking for a faster way to pay off student debt, and start doing many other things.

"As a result of having more disposable income in their early career years, they are better prepared to tackle their student loans in their twenties, which is something that appeals to many students with tuition fees that grow each year," Karla McDougall, lead researcher for the Expert Market study, told Fast Company.

"In their twenties, students who major in degrees that top this list could also be better prepared to buy their first home or start a family, based on these results," she adds.

According to the study, the top ten college degrees with the fastest salary progression are Mathematics (80%), Media & Communications (79%), Engineering (63%), Social Science (62%), Science (61%), Business (61%), Art (59%), Humanities (59%), Law (58%), Computer Science (56%), Education (46%), and Medicine (39%). These salary increases are expected by 2026.

When broken down into majors, the results are even more surprising. Here are the top five college majors with the quickest salary growth: Aviation Management (114%), Telecommunications (113%), Biochemistry & Molecular Biology (112%), Government (112%), and Marketing & International Business (109%).

For comparison, here the top five majors with the slowest salary growth: Dental Hygiene (14%), Early Childhood & Elementary Education (20%), Physician Assistant Studies (21%), Early Childhood Education (22%), and Nuclear Medicine Technology (23%).

See Now: Covert Team Inside Newsweek Revealed as Key Players in False Human Trafficking Lawsuit

Follows Mathematics, Media & Communications, engineering, Social Science, science, business, art, humanities, law, Computer Science, education, medicine, Karla McDougall, Expert Market
© 2024 University Herald, All rights reserved. Do not reproduce without permission.

Must Read

Common Challenges for College Students: How to Overcome Them

Oct 17, 2022 PM EDTFor most people, college is a phenomenal experience. However, while higher education offers benefits, it can also come with a number of challenges to ...

Top 5 Best Resources for Math Students

Oct 17, 2022 AM EDTMath is a subject that needs to be tackled differently than any other class, so you'll need the right tools and resources to master it. So here are 5 ...

Why Taking a DNA Test is Vital Before Starting a Family

Oct 12, 2022 PM EDTIf you're considering starting a family, this is an exciting time! There are no doubt a million things running through your head right now, from ...

By Enabling The Use Of Second-Hand Technology, Alloallo Scutter It's Growth While Being Economically And Environmentally Friendly.

Oct 11, 2022 PM EDTBrands are being forced to prioritise customer lifetime value and foster brand loyalty as return on advertising investment plummets. Several brands, ...