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Top 3 New College Majors That Are Actually Worth It in 2024

Picking an area of study or the course you want to take in college is an important step when it comes to one’s profession and income. While some majors translate directly into highly paid jobs immediately after college, others are not very clear cut in terms of the financial gains that one can make. For those people who seriously believe that their major should bring good salary and numerous job offers after graduation, these top 10 college majors are actually worth it.

Majors in Engineering

Engineering is a very vast branch of study that is subdivided into numerous branches depending on the specialization of the engineers. To date, some of the popular branches of engineering are mechanical, electrical , civil, chemical, computer, industrial, aerospace, biomedical, environmental, petroleum, nuclear, agricultural, architect, and software engineering.

Mechanical engineering is a branch of engineering that involves aspects in design and construction of mechanical systems as well as their maintenance. Mechanical engineers design products at almost all levels of the product, from a microscale of components up to the macroscale of whole systems.

. Environmental engineering serves to safeguard the environment through increasing recycling, waste and sewage management, public health as well as water and air quality.

Finance

The finance major helps in the acquisition of analytical skills in accounting, economics, statistical and mathematical skills which makes the graduate suitable for employment in many fields.

Students in their study may specialize in certain areas commonly known in the field of finance such as corporate finance, investments, financial planning, banking, insurance and real estate. Consequently, each specialization is focused on preparing students for certain positions. For instance, those who want to make currents analysis of markets and offer investment advice would be wise to major in investments.

One of the strengths of finance is that knowledge in it can be used in variety of organizations. Some of the possibilities of employment are in the finance department of companies and organizations such as corporate organizations, government organizations, non-governmental organizations, investment banking firms, commercial banking firms, insurance firms, etc. This means that the knowledge and skills that one will likely acquire when studying finance major – the analysis of financial statements, risk evaluation, and forecasting – are valuable.

To some extent, salaries for graduates in finance are better than graduates in the other disciplines. As indicated in Payscale.com, the average pay for an individual with a bachelor’s degree in finance, especially when they begin their careers, ranges about $57,700 annually. In general, there is a direct correlation between the amount of pay and past work experience and/or performance. However, when dealing with specific industries such as investment banking, one can readily agree that there are handsome returns in terms of salaries as well as bonuses.

Of course, the amount of workload for obtaining a finance degree may be challenging at times. Students major in accounting, economics, business calculus, and statistics; they solve problems and make decisions after evaluating quantifiable information. Despite, these classes are rather challenging, they do offer certain thinking skills which are a true asset in business. Thus, for those individuals who like working with numbers and have an inclination towards accounting, or as it is also called – finance. The major can open up high paying jobs accompanied with good prospects of growth in almost all sectors of the economy.

Accounting

Accounting is one of the most favoured and relevant academic disciplines for college students as it offers numerous tools necessary in the sphere of business.

It makes them apply what they learn in class by using accounting software programs. They also enhance their capacity in communication, research, collaboration, problem-solving, critical thinking, and ethical decision-making – skills that are highly sought in the workplace.

An accounting degree prepares graduates to seek employment for positions including public accountant, corporate accountant, auditor, budget analyst, financial analyst, tax accountant/preparer, forensic accountant, and controller. Accounting majors can practice in public accounting firms, corporations, non-profit organizations, government and venture business. Some jobs include a staff accountant, an accounts receivable or payable clerk, payroll specialist, a bookkeeper, and a tax preparer. Several accountants promote their chances of getting higher-paying managerial positions through acquiring a CPA license and work experience.

Qualified accountants are always in demand nowadays because of the prevalence of data in businesses. Accounting degree provides the set of the necessary hard and soft competencies necessary for graduates to start successful professional activity.

Marketing

In the typical core marketing curriculum, the research methods are taught to conduct consumer behavior and target audience analysis. You will also discover how and why different culture group, demography and psychological motives influence consumers’ buying behaviour. Marketing research classes teach class survey methods, data analysis and the use of statistics in as part of the marketing strategy.

Other important areas of concentration include brand management, new media and digital marketing, services and retail marketing, international and global marketing, and marketing data analysis. You will learn the theory and strategies of pricing to effectively and profitably place product within the market mix. Retailing, distribution channel management and integrated marketing communication are also among the courses that learners are likely to encounter in their chosen universities.

Marketing major curriculum is useful in developing general education skills such as research, communication, innovation, analysis, planning and coordination and interpersonal skills. These equip students for various job opportunities such as marketing and product management, advertising, public relations, market research and development, sales, events planning, and many more. Marketing can easily dovetail with an array of business majors such as accounting, finance, management and information systems as a double major since it is grounded in the quantitative analysis of data and the big-picture view of the consumer experience.

At the marketing coursework level, it affords marketing majors an opportunity to implement the theories in textbooks to real branding issues and promotional strategies. Experiential learning, thus, establishes the core competencies that are necessary to succeed in agency, corporate, non-profit and entrepreneurship marketing careers. In terms of the preparation of students interested in human psychology, behaviour and decision-making in a work setting, marketing is also highly relevant, interesting and effective.

Conclusion

Each of these primary fields presents an excellent employment outlook upon graduation along with high lifetime earnings. However, extrinsic factors such as interest and aptitude should inform the final major or area of specialization. However, when thinking about the pros and cons of the chosen profession, one should remember that maintaining positive career and salary expectations for the years of tough learning can give a strong focus to carry on with the training.

 

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