five hot college majors
Posted : May 3, 2005
Last Updated : October 23, 2013
Are you wondering which major is really going to help you secure a job after graduation? According to the Job Outlook 2013 survey, the following are the top 5 most in-demand college majors:
1. Finance. Finance majors learn how to make financial decisions for organizations. Finance majors may study commercial and investment banking, forecasting and budgeting, asset and liability management, stocks and bonds, how markets function, etc. After graduation, most finance majors enter positions in corporations, financial institutions, brokerage firms, investment banks, and government. Finance majors may start out as bank tellers or securities sales agents and work their way up to higher positions, such as budget analysts or financial managers. Entry level salaries in finance usually range from $24,000-$80,000, depending on the type of position. Salaries tend to be higher in major citites.
2. Computer and Information Sciences. Computer and information science majors learn about computer systems and how computer technology can be applied to all fields of business. This major focuses on problem-solving skills and techniques that can be applied to software and web engineering, relational databases, programming languages, operating systems, computer networks, and distributed systems. Computer and information science majors may pursue careers in various computing areas, such as applications in programming, databases, software engineering, and networking. Entry level salaries range from $30,700-$74,000 a year and tend to be higher in major cities.
3. 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.
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. 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.
Sources: Job Outlook 2013 Survey and Collegegrad.com.