For students pursuing a bachelor’s degree, choosing the right major is one of the most important financial decisions they will ever make. A study conducted by the Foundation for Research on Equal Opportunity (FREOPP) highlights the return on investment (ROI) for 21 different college major categories, shedding light on which fields provide the highest financial rewards.
Top Majors with High ROI
According to the study, engineering stands out as the most profitable degree, offering a median ROI of $949,255. Other top fields include computer science at $652,391, nursing at $618,709, and economics at $549,594. These majors offer strong financial returns, driven by high demand for skilled professionals in these industries.
Majors with Lower ROI
While some majors offer substantial financial benefits, others provide much lower returns. Degrees in education yield a minimal ROI of just $12,588, while fine arts offers $88,505. Although these fields may be personally fulfilling, they do not generate the same financial payoff as degrees in STEM (science, technology, engineering, and mathematics) or business-related disciplines.
ROI Comparison by Major
Choosing the Right Path for Financial Success
This study reinforces that financial outcomes of higher education vary significantly based on the chosen major. Students aiming for the highest ROI should consider fields like engineering or computer science, which offer lucrative salaries post-graduation. However, for those pursuing personal passions in fields such as education or fine arts, understanding the financial realities can help manage expectations. Ultimately, making an informed decision based on ROI can guide students toward the best financial outcomes in their future careers.
