Are you wondering which major is really going to help you secure a job after graduation? According to the Job Outlook 2005 survey, the following are the top 5 most in-demand college majors:
1. Accounting. Accounting majors learn how to gather, record, evaluate, interpret, and communicate information about an individual's or organization's financial performance and risks. Accountants engage in a wide variety of activities that can include: preparing financial statements, recording business transactions, participating in strategies for mergers and acquisitions, quality management, tax strategy, and health care benefits management. Accountants should have very high analytical and computer skills. Entry level salaries in public accounting usually range from $29,000-$55,000 a year and tend to be higher in major cities.
2. Electrical Engineering. Electrical engineering majors develop analytical and computer skills in order to analyze, design, and test engineering systems, processes, and components. Electrical engineering graduates can work in research, design, sales, manufacturing, testing, installation, development and teaching. Entry level salaries usually range from $50,000-$80,000 a year and tend to be higher in major cities.
3. Mechanical Engineering. Mechanical engineering majors learn how to research, develop, design, manufacture, and test tools, engines, machines, and other mechanical devices. Mechanical engineers can work in various areas, such as automotive design, manufacturing, applied mechanics, and energy systems. Entry level salaries usually range from $48,000-$70,000 a year and tend to be higher in major cities.
4. Business Administration and Management. Business administration and management majors learn how to plan, organize, direct, and control a company's activities. This major offers focused training in accounting, finance, marketing, economics, human resources, and transportation and logistics. Many business majors often work their way up the corporate ladder to become managers, executives, vice presidents, etc. in their companies. Entry level salaries usually range from $27,000-$55,000 a year and tend to be higher in major cities.
5. Economics. Economics majors learn how to collect and analyze data, monitor economic trends, develop forecasts, and research issues such as energy costs, inflation, interest rates, exchange rates, business cycles, taxes, and employment levels. Economics majors must have impeccable quantitative skills. Economists usually work for government agencies, economic consulting or research firms, or financial institutions. Entry level salaries usually range from $23,000-$43,000 and tend to be higher in major cities.
Sources: Job Outlook 2005 Survey and Collegegrad.com.