Lowest paying college majors

Lowest paying college majors

Below The top-paying and lowest-paying college majors
Top: 2, Electrical engineering: $68,438. ...
Top: 1, Computer science: $70,000. ...
Lowest: 5, Psychology: $42,000. ...
Lowest: 4, Sociology, $42,000. ...
Lowest: 3, Health care administration: $42,000. ...
Lowest: 2, Social work: $41,656. ...
Lowest: 1, Biology: $41,250. ...

What is the highest paying college major?
Here, then, are the top-paying majors overall:
Petroleum engineering. ...
Pharmacy, pharmaceutical sciences, and pharmaceutical administration. ...
Metallurgical engineering. ...
Mining and mineral engineering. ...
Chemical engineering. ...
Electrical engineering. ...
Aerospace engineering. ...
Mechanical engineering.

What are the ten worst majors to study in college?
Top Ten Worst College Majors for Jobs
Liberal Arts/Liberal Studies. This broad-based major will take you wide into many areas of study, but unfortunately, deep into nothing specific which will help you find a job. ...
English. Perhaps you planned to write. ...
Humanities. ...
Journalism. ...
Art. ...
Music. ...
Theater Arts. ...
Marketing.

What is the highest paying least stressful job?
Top 10 Low-Stress Jobs That Pay Well
Actuary ​ Love math and statistics, and want to work a relatively low-stress, 9-to-5 job? ...
Audiologist ​ ...
Computer and Information Systems Manager ​​ ...
Dietician or Nutritionist ​ ...
Hair Stylist ​​ ...
Mathematician. ...
Medical Laboratory Technician ​ ...
Medical Records Technician.

What major earns the most money?
Highest paying college majors
Engineering. Those of you who majored in engineering are expected to start your careers with the highest salary of the bunch at $66,521—and a healthy job market, too. ...
Computer science. ...
Math and sciences. ...
Business. ...
Social sciences. ...
Humanities. ...
Agriculture and natural resources. ...
Communications.

What are the lowest paying college majors?

10 College Majors With the Lowest Starting Salaries
Parks, Recreation and Leisure Studies. ...
Education. ...
Gerontology. ...
Theological and Ministerial Studies. ...
Social Work. Median starting salary: $36,483. ...
Culinary Arts. Median starting salary: $36,200. ...
Work and Family Studies. Median starting salary: $35,858. ...
Child Development and Psychology. Median starting salary: $35,457.

What majors are useless?
The 13 Most Useless Majors, From Philosophy to Journalism
Fine Arts. Unemployment, recent grad: 12.6 percent. ...
Drama and Theater Arts. Unemployment, recent grad: 7.8 percent. ...
Film, Video, and Photographic Arts. Unemployment, recent grad: 12.9 percent. ...
Commercial Art and Graphic Design. ...
Architecture. ...
Philosophy and Religious Studies. ...
English Literature and Language. ...
Journalism.

What degrees pay the most?
The Highest-Paying Bachelor's Degrees
Chief Executives. ...
Computer and Information Systems Managers. ...
Architectural and Engineering Managers. ...
Marketing Managers. ...
Petroleum Engineers. ...
Airline Pilots, Copilots, and Flight Engineers. ...
Financial Managers. ...
Natural Sciences Managers.

What is the dumbest college major?
15 Dumbest College Majors if You Want to Make Money When You Graduate
Elementary Education.
Social Work. ...
Biblical Studies.
Special Education. ...
Therapeutic Recreation. Median Early Career Salary: $33,800. ...
Athletic Training. Median Early Career Salary: $35,900. ...
Human Development and Family Studies.
Horticulture.

Is a college degree worthless?
Today, almost 60% of all jobs in the US require a higher education. Your new bachelor's degree is becoming increasingly worthless as more and more people graduate from college, as jobs that used to need only a bachelor's degree now prefer master's degrees.Apr 10, 2019

What jobs pay over 100k without a degree?
Let's take a look at some six-figure income jobs that don't require a four-year college degree:
Real Estate Broker. ...
Air Traffic Controller. ...
Freelance Writer. ...
Small Business Owner. ...
Fire Chief. ...
Virtual Assistant. ...
Construction Manager. ...
Plumber.

What is the lowest paying job ever?
All of these jobs have less than half the average pay for all occupations, which is $45,790. And the highest-paid workers in America, anesthesiologists, average more than 12 times the annual pay of the lowest-paid workers, shampooers.Mar 29, 2013

What majors are worth it?
With those factors in mind, here are five degrees that are generally worth the money spent earning them.
Engineering. Engineering is one of the top-paying careers available today. ...
Computer Science. ...
Math & Sciences. ...
Economics. ...
Communications.

Lowest paying college majors

May 25, 2019

Best degrees to make money

FAQ Best degrees to make money

What's the best major to make money?
Below Highest paying college majors
Engineering. Those of you who majored in engineering are expected to start your careers with the highest salary of the bunch at $66,521—and a healthy job market, too. ...
Computer science. ...
Math and sciences. ...
Business. ...
Social sciences. ...
Humanities. ...
Agriculture and natural resources. ...
Communications.

What majors are most in demand?
The Most In-Demand Degrees in 2019
Computer science—61 percent.
Engineering—58 percent.
Business—57 percent.
Communications (including public relations and advertising)—52 percent.
Arts, humanities, and liberal arts—47 percent.
Science—45 percent.
Data analytics—45 percent.
Education—39 percent.

What majors pay the most?
Here, then, are the top-paying majors overall:
Petroleum engineering. ...
Pharmacy, pharmaceutical sciences, and pharmaceutical administration. ...
Metallurgical engineering. ...
Mining and mineral engineering. ...
Chemical engineering. ...
Electrical engineering. ...
Aerospace engineering. ...
Mechanical engineering.

What degrees pay the most?
The Highest-Paying Bachelor's Degrees
Chief Executives. ...
Computer and Information Systems Managers. ...
Architectural and Engineering Managers. ...
Marketing Managers. ...
Petroleum Engineers. ...
Airline Pilots, Copilots, and Flight Engineers. ...
Financial Managers. ...
Natural Sciences Managers.

What jobs will be in demand in 2020?
The following examples represent several existing jobs that may be top careers for the future.
Solar Energy Technician. ...
Wind Energy Technician. ...
Nurse Practitioner. ...
Software Developer. ...
Physical Therapist. ...
Registered Nurse (RN) ...
Health Services Manager. ...
Data Analyst.

What should I study to earn a lot of money?

It's no secret that some majors make more money than others and I was curious to see exactly what majors make the most.
Medical/Health Majors. PayScale estimates the average salary of a Radiologist to be around $290K a year. ...
Engineering. ...
Computers, Statistics, and Mathematics Majors. ...
Architecture. ...
Business. ...
Social Sciences.

What majors have the highest starting salary?
10 College Majors With the Best Starting Salaries
Mechanical Engineering. Median starting salary: $65,619. ...
Mathematics & Computer Science. Median starting salary: $66,499. ...
Materials Engineering. ...
Systems Engineering. ...
Aerospace & Aeronautical Engineering. ...
Electrical Engineering. ...
Computer Engineering. ...
Chemical Engineering.

What is a good starting salary for a first job?
Here are the best starting salaries for new college grads
Job Title Degree Needed Median Starting Salary
Chemical Engineer Chemical Engineering $70,300
Marine Engineer Marine Engineering $73,900
Economist/Mathematician Economics/Mathematics $60,000
Geophysicist Geophysics $54,100

Do you need a degree to be rich?
A College Degree is Beneficial, but Not Always Required. It's true that some jobs require a degree. Jobs in science, engineering, and math often require at least a bachelor's degree — and you can often find a pretty good job with such a degree.

What is the highest paying job right out of college?
Put yourself on the right track with one of the 11 highest-paying jobs straight out of college:
Engineer.
Network Systems Administrator. ...
Internet Marketer. ...
Financial Analyst. ...
Pharmaceutical Representative. ...
Web Designer. ...
Nurse. See the Jobs Rated Ranking for Nurse. ...
High School Teacher. See the Jobs Rated Ranking for Teacher. ...

What is the highest paying job out of college?
25 Highest Paying Careers for College Graduates
Petroleum Engineering. Average Salary: $102,300 to $176,300. ...
Actuarial Mathematics. Average Salary: $60,800 to $119,600. ...
Nuclear Engineering. Average Salary: $67,000 to $118,000. ...
Chemical Engineering. ...
Electronics and Communications Engineering. ...
Computer Science Engineer. ...
Aerospace Engineer. ...
Electrical Engineer

Find More Best degrees to make money

May 25, 2019

Top paying college majors

FAQ Top paying college majors

Below The 15 Highest-Paying Majors Overall
Petroleum engineering. ...
Pharmacy, pharmaceutical sciences, and pharmaceutical administration. ...
Metallurgical engineering. ...
Mining and mineral engineering. ...
Chemical engineering. ...
Electrical engineering. ...
Aerospace engineering. ...
Mechanical engineering.

What majors are highest paid?
The 10 highest-paying college majors
Petroleum engineering. Early career salary: $94,600.
Actuarial mathematics. Early career salary: $56,400. ...
Actuarial science. Early career salary: $61,200. ...
Nuclear engineering. Early career salary: $69,000. ...
Chemical engineering. Early career salary: $70,300. ...
Marine engineering. ...
Economics and mathematics. ...
Geophysics. ...

What's the best major to make money?
Highest paying college majors
Engineering. Those of you who majored in engineering are expected to start your careers with the highest salary of the bunch at $66,521—and a healthy job market, too. ...
Computer science. ...
Math and sciences. ...
Business. ...
Social sciences. ...
Humanities. ...
Agriculture and natural resources. ...
Communications.

What degree gets paid the most?
Highest Paying Jobs With a Bachelor's Degree
Rank Major Mid-Career Pay Median salary for alumni w/degrees in this subject; 10+ years work experience
1 Petroleum Engineering $183,600
2 Operations Research & Industrial Engineering $166,300
3 Actuarial Mathematics $158,100
4 Chemical & Biomolecular Engineering $138,100

Do math majors make good money?
According to the DOE survey, engineering and engineering technology was the highest paying degree, with an average annual salary of $73,700. Here are the average salaries for STEM majors and non-STEM majors, as well as a breakdown of how much students with specific degrees earn: STEM major (overall) — $65,000

What majors have the highest starting salary?
10 College Majors With the Best Starting Salaries
Mechanical Engineering. Median starting salary: $65,619. ...
Mathematics & Computer Science. Median starting salary: $66,499. ...
Materials Engineering. ...
Systems Engineering. ...
Aerospace & Aeronautical Engineering. ...
Electrical Engineering. ...
Computer Engineering. ...
Chemical Engineering.

What majors are worth it?
With those factors in mind, here are five degrees that are generally worth the money spent earning them.
Engineering. Engineering is one of the top-paying careers available today. ...
Computer Science. ...
Math & Sciences. ...
Economics. ...
Communications.

What is the highest paying job right out of college?

Put yourself on the right track with one of the 11 highest-paying jobs straight out of college:
Engineer.
Network Systems Administrator. ...
Internet Marketer. ...
Financial Analyst. ...
Pharmaceutical Representative. ...
Web Designer. ...
Nurse. See the Jobs Rated Ranking for Nurse. ...
High School Teacher. See the Jobs Rated Ranking for Teacher. ...

What careers make a lot of money?
Here are the 25 best-paying jobs, according to Glassdoor:
Physician. Median base salary: $180,000. ...
Lawyer. Median base salary: $144,500. ...
R&D manager. Median base salary: $142,120. ...
Software development manager. Median base salary: $132,000. ...
Pharmacy manager. ...
Strategy manager. ...
Software architect. ...
Integrated circuit designer engineer.

Is getting a bachelor's degree worth it?
The bottom line is that most educations are not worth having to take on massive debt. In addition, not everyone needs a four-year degree. Some people with bachelor's degrees do not earn very much, and may have been better off learning a trade or obtaining a two-year degree

Find More Top paying college majors

May 25, 2019

Highest paying majors

FAQ Highest paying majors

The 15 Highest-Paying Majors Overall
Mechanical engineering. ...
Computer engineering. ...
Geological and geophysical engineering. ...
Computer science. ...
Civil engineering. ...
Applied mathematics. ...
Industrial and manufacturing engineering. ...
Physics.

What is the highest paying degree to get?
The Highest-Paying Bachelor's Degrees
Chief Executives. ...
Computer and Information Systems Managers. ...
Architectural and Engineering Managers. ...
Marketing Managers. ...
Petroleum Engineers. ...
Airline Pilots, Copilots, and Flight Engineers. ...
Financial Managers. ...
Natural Sciences Managers.

What Major has the highest salary?

The 10 highest-paying college majors
Petroleum engineering. Early career salary: $94,600.
Actuarial mathematics. Early career salary: $56,400. ...
Actuarial science. Early career salary: $61,200. ...
Nuclear engineering. Early career salary: $69,000. ...
Chemical engineering. Early career salary: $70,300. ...
Marine engineering. ...
Economics and mathematics. ...
Geophysics. ...

What business major makes the most money?
The 15 highest-paying jobs for business majors
Chief financial officer (CFO)
Chief credit officer. ...
Director of accounting and financial reporting. ...
Stock plan administration manager. ...
Regional controller. ...
Bank examiner. ...
Finance director. ...
Budget director. ...

Which Majors are in Most Demand?
Accounting.
Business Administration/Management.
Computer Science.
Electrical Engineering.
Mechanical Engineering.
Information Sciences and Systems.
Marketing/Marketing Management.
Computer Engineering.

What is the best college major right now?
The 10 Best College Majors For The Future
Physical Therapy.
Nursing. ...
Construction Management. ...
Electrical Engineering. ...
Medical Technology. ...
Medical Assistance. ...
Chemical Engineering. The field of engineering is in the limelight at present. ...
Computer Information Systems. Computer majors are gaining in popularity and employment potential as well. ...

What majors are worth it?
With those factors in mind, here are five degrees that are generally worth the money spent earning them.
Engineering. Engineering is one of the top-paying careers available today. ...
Computer Science. ...
Math & Sciences. ...
Economics. ...
Communications.

Do math majors make good money?
According to the DOE survey, engineering and engineering technology was the highest paying degree, with an average annual salary of $73,700. Here are the average salaries for STEM majors and non-STEM majors, as well as a breakdown of how much students with specific degrees earn: STEM major (overall) — $65,000.Jul 9, 2014

What's the best bachelor's degree to get?
25 Highest Paying Careers for College Graduates
Petroleum Engineering. Average Salary: $102,300 to $176,300. ...
Actuarial Mathematics. Average Salary: $60,800 to $119,600. ...
Nuclear Engineering. Average Salary: $67,000 to $118,000. ...
Chemical Engineering. ...
Electronics and Communications Engineering. ...
Computer Science Engineer. ...
Aerospace Engineer. ...
Electrical Engineer.

What is the most popular college major?
Top Ten Most Popular Majors
Biology. Ecology and genetics are just two major career fields that regularly court graduates of this major. ...
Business Administration. ...
Communications. ...
Computer Science. ...
Criminal Justice. ...
Elementary Education. ...
Marketing. ...
Nursing.

Which major is best?
10 College Majors With the Best Starting Salaries
Materials Engineering. ...
Systems Engineering. ...
Aerospace & Aeronautical Engineering. ...
Electrical Engineering. ...
Computer Engineering. ...
Chemical Engineering. ...
Nuclear Engineering. Median starting salary: $73,267. ...
Petroleum Engineering. Median starting salary: $97,689

Find More Highest paying majors

May 25, 2019

Best college majors for the future

FAQ Best college majors for the future

Below The 10 Best College Majors For The Future
Physical Therapy.
Nursing. ...
Construction Management. ...
Electrical Engineering. ...
Medical Technology. ...
Medical Assistance. ...
Chemical Engineering. The field of engineering is in the limelight at present. ...
Computer Information Systems. Computer majors are gaining in popularity and employment potential as well. ...

What majors are most in demand?
The Most In-Demand Degrees in 2019
Computer science—61 percent.
Engineering—58 percent.
Business—57 percent.
Communications (including public relations and advertising)—52 percent.
Arts, humanities, and liberal arts—47 percent.
Science—45 percent.
Data analytics—45 percent.
Education—39 percent.

Which majors are in demand?
Which Majors are in Most Demand?
Accounting.
Business Administration/Management.
Computer Science.
Electrical Engineering.
Mechanical Engineering.
Information Sciences and Systems.
Marketing/Marketing Management.
Computer Engineering.

What jobs will be in demand in 2020?
The following examples represent several existing jobs that may be top careers for the future.
Solar Energy Technician. ...
Wind Energy Technician. ...
Nurse Practitioner. ...
Software Developer. ...
Physical Therapist. ...
Registered Nurse (RN) ...
Health Services Manager. ...
Data Analyst.

What jobs will be in demand in 5 years?
Here's what experts reckon will be the most in-demand jobs for the next 10 years – and beyond.
Teachers. ...
Sports Therapists. ...
Artisans. ...
Skilled Tradespeople. ...
Hospitality and Catering Professionals. ...
Engineers. ...
Healthcare Professionals. ...
Veterinary Nurses.

What jobs will be in demand in 2024?
These 12 Jobs Will Grow 30% by 2024
Home Health Aide.
Nurse Practitioner.
Occupational Therapy Aide.
Occupational Therapy Assistant.
Operations Research Analyst.
Personal Financial Advisor.
Physical Therapy Aide.
Physical Therapy Assistant.

What jobs are going to be in demand in the next 10 years?
Fastest Growing Jobs for the Next Decade
Solar Photovoltaic Installers. ...
Wind Turbine Service Technicians. ...
Home Health Aides. ...
Personal Care Aides. ...
Physician Assistants. ...
Nurse Practitioners. ...
Statisticians. ...
Physical Therapist Assistants.

What career fields are in high demand?

Top 10 Most In-Demand USA Jobs
Home Health Aide. A home health aide helps people with chronic illness, disabilities, or cognitive impairment with their daily activities. ...
Physical Therapist. ...
Registered Nurse. ...
Software Engineer. ...
Information Security Analyst. ...
Occupational Therapist. ...
Web Developer. ...
Data Scientist.

What careers pay the most?
See the top 10 highest paying jobs below, and check out the full list here!
Physician. Median Base Salary: $195,842. ...
Pharmacy Manager. Median Base Salary: $146,412. ...
Enterprise Architect. ...
Corporate Counsel. ...
Software Development Manager. ...
Physician Assistant. ...
Software Engineering Manager. ...
Nurse Practitioner.

What are the top 20 jobs in demand?
Below are the top seven jobs with the most anticipated growth over the next five years, listed from highest to lowest salary.
...
Here are the most in-demand jobs for 2019
Application software developer. ...
Medical services manager. ...
Registered nurse. ...
Medical technologist. ...
Construction laborer. ...
Nursing assistant. ...
Home health aide

Find More Best college majors for the future

May 25, 2019

how to prepare your finances for a job leave

How to Prepare Your Finances for a Job Leave.

Working people depend on having an income to live. You need to pay for housing, food, health care and many other things. Nevertheless, there may come a time when you want to be able to leave your job. The most common reasons are either retirement or a temporary leave to change jobs or careers. Whatever your reason for wanting to leave work, you will need to make financial plans. You will need to set aside some savings and make changes to your spending. Your mortgage and insurance costs will be an important part of the picture as well. With adequate planning, you can make it happen.



Method 1 Setting a Target.

1. Choose a date. Some people may decide at the start of their career that they want to work to age 50, or 55, or some other number. If you would like to make this a goal, you need to set your target and then work toward it. Claiming to have a goal means nothing unless you take steps to get there, but your first step is to decide what you want.

2. Identify an event. Your target to leave your present job may be some event, such as reaching a particular level of expertise or the day your supervisor leaves. Some of these targeting events may be under your control, and some may not. The less certain the event, the more prepared you will need to be.

For example, you may have decided that you want to leave your present company if they ever sell out or merge with some other company. Since you cannot control something like this and may not know when it is coming, you should try to have some alternative source of employment at least in mind for when the time comes.

In the event of a maternity leave, you may not know for years exactly when it is coming, but then in the final nine months (or so) you will know almost exactly. You can plan in general to have some savings set aside, and then when you get pregnant you can begin making some specific last-minute preparations.

Sometimes, the "event" that triggers a temporary leave might be a long-term illness, either yours or someone you need to care for. This can come with almost no advance warning. You need to plan for the general contingency and make some emergency preparations.

3. Plan a savings target. This is probably the most controllable concept. You can sit down with a financial planner and decide how much money you would need to have in savings to allow yourself and your family to survive adequately without your income. Then work toward setting aside that amount of money. As time goes by and interest rates fluctuate, you may need to adjust your plans accordingly. However, setting the target and doing the work up front will help you be as prepared as you can be.

If your target is to retire early, financial experts recommend that your savings target should be about 25 times your annual salary. You will then be able to withdraw money at the rate of about 4% per year.

If you target is to be able to leave work temporarily to look for a new job or another reason, then your target will be whatever amount you need to meet your expenses for that time. For example, the average job search is approximately four to six months, so you should plan to have savings to cover your living costs for that long.



Method 2 Reaching Your Target.

1. Work with a financial adviser. If you want to plan for leaving your job, you should enlist the help of a qualified financial adviser. Someone with expertise in investing can help you decide how much you need to save and can help you find the best ways to invest. If you want some help with finding a qualified financial adviser, read Hire a Financial Advisor or Select a Financial Advisor.

2. Invest your savings carefully. Working with your financial adviser, you will want to do more than just place your earnings in a bank account. Simple savings accounts earn very low interest. You will do better to invest in bonds, stocks or other securities, in accordance with your adviser’s opinions.

Investing works best when you begin as early as possible. Your best ally when saving is time. Your interest compounds more effectively when you begin early.

If your focus is to be able to take a temporary leave at some time, then you may need to have your savings in a readily accessible account. Long-term IRA savings are good for retirement planning, but you may need to be able to withdraw money sooner. Work with your adviser to find the best investment or savings plans for your needs.

If you want to plan for a lengthy, temporary leave, such as for a maternity or family illness, you will want to have savings in some readily accessible account. A short-term bond or money market may be the best bet, or even a simple savings account that you earmark for such an emergency.

3. Cut your expenses as much as possible. Many people live their lives from month to month and use a great deal of their income. If you manage a budget this way, you will do fine from month to month, but you will greatly delay your savings plan. If your goal is to be able to leave work, you should begin by cutting expenses as much as possible.

To begin cutting expenses, start by listing them all. Then review how you spend your money over a one- to three-month period and identify the expenses that you believe you can live without. Perhaps you can reduce the number of times that you go out to dinner. Maybe you can cut some entertainment expenses.

Manage your utilities. Try to reduce some of your monthly expenses by reducing utility usage in your home. Manage the heat, turn off lights, and do what you can to save water. These sound like small steps, but over time they can all add up.

Cutting expenses is a powerful financial tool for any job leave, whether permanent/retirement or a temporary leave for illness, maternity or some other reason. You need to consider the absence from work as an overall change in your lifestyle.

4. Plan to spend some on your new job search. Part of setting your target, if you are anticipating leaving your current job, should be to have some savings available to spend on a search for a new one. You will need money for correspondence, printing resumes, travel, parking, and possibly one or two new interview suits. You should anticipate these costs, estimate the amount of money that you will need, and set this aside as part of your target savings.



Method 3 Handling Your Mortgage.

1. Recognize the importance of your mortgage. For most people, housing payments make up the largest expenses they have. If you are paying rent, rather than owning your residence, those monthly payments are effectively doing nothing for you. If possible, purchase a property and get a mortgage. In this way, your monthly payments will be building equity for you. At the end of your mortgage, you will own the property outright in your own name.

2. Aim for your target date. As much as possible, try to align your mortgage to your target retirement date. That is, if you are relatively young and just starting out, then you may want to get a 30 year mortgage to last the duration of your career. However, if you can afford the monthly payments of a shorter mortgage, you will be setting aside money toward your equity at a faster rate.

3. Refinance when possible. When mortgage interest rates go down, you should try to refinance. By refinancing, you will get a lower interest rate and reduce your monthly payments. You may also take that opportunity to refinance into a shorter term. For example, if you started out with a 30 year mortgage, you may be able to refinance to a 20-year or even 10-year mortgage, for roughly the same (or even lower) monthly payment amount. More of the money, that way, will be going to pay down the principal loan.

4. Downsize after retiring. When you do leave your job, whether for permanent retirement or as a temporary leave, you may want to consider changing your residence. Many retirees choose to move to a smaller house with a lower expenses and mortgage costs. You may also wish to move to a different part of the country with lower overall costs of living.



Method 4 Making Other Miscellaneous Arrrangements.

1. Investigate your employer's maternity leave benefits. Some employers will offer paid maternity leave for some period of time. Others may stick to the allotted unpaid leave that is required under the Family and Medical Leave Act, which allows up to 12 weeks of unpaid leave. However, many small employers are even exempt from this. You need to find out what policy your employer has, and use that information to help you determine what financial help you will need.

For a maternity leave, you can also investigate whether you can be covered under short term disability insurance. This could provide a portion of your salary during your leave. To investigate coverage, you should talk with your employer or human resources personnel, or your own insurance company.

2. Plan some alternative, temporary income. If you are out of work temporarily, either looking for a new job, on a maternity leave, caring for an ill family member or for some other reason, you may want to plan for some temporary work that you can do. Find something that gives you the flexibility that you need to go along with your leave, but still provides some income for you and your family. For example.

Even with a new baby or an ill family member, you can probably find some time to tutor a few students a week or teach music lessons (if you have that talent).

You might be able to do some freelance writing or editing.

3. Transfer your company-based savings plans. If you participated in an employer-based savings or retirement plan, you should transfer that plan when you leave. Your financial adviser may be able to help you set up a personal IRA, or you might talk to an investments adviser at your bank.

4. Collect any payout benefits. If your company allowed you to accrue vacation time or sick time, you might be able to cash that in and collect an additional payment in accordance with your contract. In some cases, this can be a valuable payoff amount.

In some cases, you may be able to collect a partial cash payout for unused sick or vacation days to provide some cash for a temporary emergency leave, such as a family illness or bereavement leave. Even if such a benefit is not standard, you may want to talk with your employer and come up with some creative possibilities.

If you are not aware whether or not you have such a benefit, contact your company’s human resources department and ask.

5. Maximize stock options, if any. If you were granted the option to purchase stock in the company, and you have not exercised that option to its fullest potential, you should do so before leaving. These options can often be very valuable and will not be available to you later.

Depending on your contract, you may have a set period of time to purchase such options upon your separation from the company.

6. Plan for health insurance. One of the primary benefits of employment is having health insurance. When you plan to leave, whether for permanent retirement or a temporary leave for a job change, you will need to make plans for some replacement health insurance. You may wish to investigate the following options:

If you are under age 26, your parents may be able to add you to their health plan.

If you participated in the insurance plan through your employer, you may be eligible through COBRA to continue on that plan for up to 3 years by making your own monthly payments.

Your spouse or partner may be able to add you to their health plan.

February 11, 2020

How to Prepare Your Finances for a Job Leave.

How to Prepare Your Finances for a Job Leave.

Working people depend on having an income to live. You need to pay for housing, food, health care and many other things. Nevertheless, there may come a time when you want to be able to leave your job. The most common reasons are either retirement or a temporary leave to change jobs or careers. Whatever your reason for wanting to leave work, you will need to make financial plans. You will need to set aside some savings and make changes to your spending. Your mortgage and insurance costs will be an important part of the picture as well. With adequate planning, you can make it happen.



Method 1 Setting a Target.

1. Choose a date. Some people may decide at the start of their career that they want to work to age 50, or 55, or some other number. If you would like to make this a goal, you need to set your target and then work toward it. Claiming to have a goal means nothing unless you take steps to get there, but your first step is to decide what you want.

2. Identify an event. Your target to leave your present job may be some event, such as reaching a particular level of expertise or the day your supervisor leaves. Some of these targeting events may be under your control, and some may not. The less certain the event, the more prepared you will need to be.

For example, you may have decided that you want to leave your present company if they ever sell out or merge with some other company. Since you cannot control something like this and may not know when it is coming, you should try to have some alternative source of employment at least in mind for when the time comes.

In the event of a maternity leave, you may not know for years exactly when it is coming, but then in the final nine months (or so) you will know almost exactly. You can plan in general to have some savings set aside, and then when you get pregnant you can begin making some specific last-minute preparations.

Sometimes, the "event" that triggers a temporary leave might be a long-term illness, either yours or someone you need to care for. This can come with almost no advance warning. You need to plan for the general contingency and make some emergency preparations.

3. Plan a savings target. This is probably the most controllable concept. You can sit down with a financial planner and decide how much money you would need to have in savings to allow yourself and your family to survive adequately without your income. Then work toward setting aside that amount of money. As time goes by and interest rates fluctuate, you may need to adjust your plans accordingly. However, setting the target and doing the work up front will help you be as prepared as you can be.

If your target is to retire early, financial experts recommend that your savings target should be about 25 times your annual salary. You will then be able to withdraw money at the rate of about 4% per year.

If you target is to be able to leave work temporarily to look for a new job or another reason, then your target will be whatever amount you need to meet your expenses for that time. For example, the average job search is approximately four to six months, so you should plan to have savings to cover your living costs for that long.



Method 2 Reaching Your Target.

1. Work with a financial adviser. If you want to plan for leaving your job, you should enlist the help of a qualified financial adviser. Someone with expertise in investing can help you decide how much you need to save and can help you find the best ways to invest. If you want some help with finding a qualified financial adviser, read Hire a Financial Advisor or Select a Financial Advisor.

2. Invest your savings carefully. Working with your financial adviser, you will want to do more than just place your earnings in a bank account. Simple savings accounts earn very low interest. You will do better to invest in bonds, stocks or other securities, in accordance with your adviser’s opinions.

Investing works best when you begin as early as possible. Your best ally when saving is time. Your interest compounds more effectively when you begin early.

If your focus is to be able to take a temporary leave at some time, then you may need to have your savings in a readily accessible account. Long-term IRA savings are good for retirement planning, but you may need to be able to withdraw money sooner. Work with your adviser to find the best investment or savings plans for your needs.

If you want to plan for a lengthy, temporary leave, such as for a maternity or family illness, you will want to have savings in some readily accessible account. A short-term bond or money market may be the best bet, or even a simple savings account that you earmark for such an emergency.

3. Cut your expenses as much as possible. Many people live their lives from month to month and use a great deal of their income. If you manage a budget this way, you will do fine from month to month, but you will greatly delay your savings plan. If your goal is to be able to leave work, you should begin by cutting expenses as much as possible.

To begin cutting expenses, start by listing them all. Then review how you spend your money over a one- to three-month period and identify the expenses that you believe you can live without. Perhaps you can reduce the number of times that you go out to dinner. Maybe you can cut some entertainment expenses.

Manage your utilities. Try to reduce some of your monthly expenses by reducing utility usage in your home. Manage the heat, turn off lights, and do what you can to save water. These sound like small steps, but over time they can all add up.

Cutting expenses is a powerful financial tool for any job leave, whether permanent/retirement or a temporary leave for illness, maternity or some other reason. You need to consider the absence from work as an overall change in your lifestyle.

4. Plan to spend some on your new job search. Part of setting your target, if you are anticipating leaving your current job, should be to have some savings available to spend on a search for a new one. You will need money for correspondence, printing resumes, travel, parking, and possibly one or two new interview suits. You should anticipate these costs, estimate the amount of money that you will need, and set this aside as part of your target savings.



Method 3 Handling Your Mortgage.

1. Recognize the importance of your mortgage. For most people, housing payments make up the largest expenses they have. If you are paying rent, rather than owning your residence, those monthly payments are effectively doing nothing for you. If possible, purchase a property and get a mortgage. In this way, your monthly payments will be building equity for you. At the end of your mortgage, you will own the property outright in your own name.

2. Aim for your target date. As much as possible, try to align your mortgage to your target retirement date. That is, if you are relatively young and just starting out, then you may want to get a 30 year mortgage to last the duration of your career. However, if you can afford the monthly payments of a shorter mortgage, you will be setting aside money toward your equity at a faster rate.

3. Refinance when possible. When mortgage interest rates go down, you should try to refinance. By refinancing, you will get a lower interest rate and reduce your monthly payments. You may also take that opportunity to refinance into a shorter term. For example, if you started out with a 30 year mortgage, you may be able to refinance to a 20-year or even 10-year mortgage, for roughly the same (or even lower) monthly payment amount. More of the money, that way, will be going to pay down the principal loan.

4. Downsize after retiring. When you do leave your job, whether for permanent retirement or as a temporary leave, you may want to consider changing your residence. Many retirees choose to move to a smaller house with a lower expenses and mortgage costs. You may also wish to move to a different part of the country with lower overall costs of living.



Method 4 Making Other Miscellaneous Arrrangements.

1. Investigate your employer's maternity leave benefits. Some employers will offer paid maternity leave for some period of time. Others may stick to the allotted unpaid leave that is required under the Family and Medical Leave Act, which allows up to 12 weeks of unpaid leave. However, many small employers are even exempt from this. You need to find out what policy your employer has, and use that information to help you determine what financial help you will need.

For a maternity leave, you can also investigate whether you can be covered under short term disability insurance. This could provide a portion of your salary during your leave. To investigate coverage, you should talk with your employer or human resources personnel, or your own insurance company.

2. Plan some alternative, temporary income. If you are out of work temporarily, either looking for a new job, on a maternity leave, caring for an ill family member or for some other reason, you may want to plan for some temporary work that you can do. Find something that gives you the flexibility that you need to go along with your leave, but still provides some income for you and your family. For example.

Even with a new baby or an ill family member, you can probably find some time to tutor a few students a week or teach music lessons (if you have that talent).

You might be able to do some freelance writing or editing.

3. Transfer your company-based savings plans. If you participated in an employer-based savings or retirement plan, you should transfer that plan when you leave. Your financial adviser may be able to help you set up a personal IRA, or you might talk to an investments adviser at your bank.

4. Collect any payout benefits. If your company allowed you to accrue vacation time or sick time, you might be able to cash that in and collect an additional payment in accordance with your contract. In some cases, this can be a valuable payoff amount.

In some cases, you may be able to collect a partial cash payout for unused sick or vacation days to provide some cash for a temporary emergency leave, such as a family illness or bereavement leave. Even if such a benefit is not standard, you may want to talk with your employer and come up with some creative possibilities.

If you are not aware whether or not you have such a benefit, contact your company’s human resources department and ask.

5. Maximize stock options, if any. If you were granted the option to purchase stock in the company, and you have not exercised that option to its fullest potential, you should do so before leaving. These options can often be very valuable and will not be available to you later.

Depending on your contract, you may have a set period of time to purchase such options upon your separation from the company.

6. Plan for health insurance. One of the primary benefits of employment is having health insurance. When you plan to leave, whether for permanent retirement or a temporary leave for a job change, you will need to make plans for some replacement health insurance. You may wish to investigate the following options:

If you are under age 26, your parents may be able to add you to their health plan.

If you participated in the insurance plan through your employer, you may be eligible through COBRA to continue on that plan for up to 3 years by making your own monthly payments.

Your spouse or partner may be able to add you to their health plan.

February 25, 2020

Highest paid bachelor degree jobs

FAQ Highest paid bachelor degree jobs

Below The Highest-Paying Bachelor's Degrees
Chief Executives. ...
Computer and Information Systems Managers. ...
Architectural and Engineering Managers. ...
Marketing Managers. ...
Petroleum Engineers. ...
Airline Pilots, Copilots, and Flight Engineers. ...
Financial Managers. ...
Natural Sciences Managers.

What are the best paying careers?
50 Highest Paying Careers for College Grads
Surgery. There's a good reason that the professionals involved in surgery have some of the highest pay rates of any career – they do surgery. ...
Psychiatrist. ...
Physician/Specialist. ...
Oral Medicine. ...
Nurse Anesthetist. ...
Computer Network Architect. ...
IT Manager. ...
Pharmacist.

What's the best bachelor's degree to get?
25 Highest Paying Careers for College Graduates
Petroleum Engineering. Average Salary: $102,300 to $176,300. ...
Actuarial Mathematics. Average Salary: $60,800 to $119,600. ...
Nuclear Engineering. Average Salary: $67,000 to $118,000. ...
Chemical Engineering. ...
Electronics and Communications Engineering. ...
Computer Science Engineer. ...
Aerospace Engineer. ...
Electrical Engineer.

What jobs can you get with any bachelor's degree?

12 graduate jobs you can get with any degree
PR and Marketing. PR and Marketing is all about effective communication, and graduates from a range of degree subjects can excel at this. ...
Teaching. ...
Law. ...
Startup. ...
Journalism. ...
Retail Management. ...
Human Resources. ...
Civil Service.

Is having a bachelor's degree worth it?
The bottom line is that most educations are not worth having to take on massive debt. In addition, not everyone needs a four-year degree. Some people with bachelor's degrees do not earn very much, and may have been better off learning a trade or obtaining a two-year degree.

What bachelor degree makes the most money?
15 Bachelor's Degrees With the Highest Average Starting Salaries:
Chemical engineering — $63,389.
Computer engineering — $63,313.
Electrical engineering — $61,173.
Software design — $60,104.
Mechanical engineering — $59,681.
Computer programming — $58,995.
Computer science — $56,974.
Civil engineering — $55,879.

Is it Worth it to Get a Masters Degree? A Master's degree is becoming the new Bachelor's — required for some careers, and resulting in better pay for others. Some may enter a graduate program just for the experience. But the process involves sleepless nights, debt, and the risk of little-to-no payoff.Feb 9, 2017

What is the best masters degree to get?
Top 15 Master's Degrees that Pay the Most
Petroleum Engineering. ...
Nurse Anesthesia. ...
Physician Assistant Studies. ...
Mathematics. ...
Political Science. ...
Marketing. ...
Healthcare Administration. ...
Computer Science.

What master degree makes the most money?
Best-paying master's degrees
Nurse anesthesia. Median pay: $165,000 per year. ...
Telecommunications engineering. Median pay: $141,000 per year. ...
Finance and economics. Median pay: $134,000 per year. ...
Electrical engineering. ...
Computer engineering. ...
Biomedical engineering. ...
Mathematics and statistics. ...
Technology management.

Find More Highest paid bachelor degree jobs

May 25, 2019

Highest paying college majors

FAQ Highest paying college majors

Below List of Highest paying college majors
Chemical engineering.
Computer engineering.
Electrical engineering.
Aerospace & aeronautical engineering.
Systems engineering.
Materials engineering.
Mathematics & computer science.
Mechanical engineering.

What bachelor degrees pay the most?
The Highest-Paying Bachelor's Degrees
Chief Executives. ...
Computer and Information Systems Managers. ...
Architectural and Engineering Managers. ...
Marketing Managers. ...
Petroleum Engineers. ...
Airline Pilots, Copilots, and Flight Engineers. ...
Financial Managers. ...
Natural Sciences Managers.

What majors are highest paid?

The 10 highest-paying college majors
Petroleum engineering. Early career salary: $94,600.
Actuarial mathematics. Early career salary: $56,400. ...
Actuarial science. Early career salary: $61,200. ...
Nuclear engineering. Early career salary: $69,000. ...
Chemical engineering. Early career salary: $70,300. ...
Marine engineering. ...
Economics and mathematics. ...
Geophysics. ...

What is the best college major right now?
The 10 Best College Majors For The Future
Physical Therapy.
Nursing. ...
Construction Management. ...
Electrical Engineering. ...
Medical Technology. ...
Medical Assistance. ...
Chemical Engineering. The field of engineering is in the limelight at present. ...
Computer Information Systems. Computer majors are gaining in popularity and employment potential as well. ...

These 12 Jobs Will Grow 30% by 2024
Home Health Aide.
Nurse Practitioner.
Occupational Therapy Aide.
Occupational Therapy Assistant.
Operations Research Analyst.
Personal Financial Advisor.
Physical Therapy Aide.
Physical Therapy Assistant.

What majors are worth it?
With those factors in mind, here are five degrees that are generally worth the money spent earning them.
Engineering. Engineering is one of the top-paying careers available today. ...
Computer Science. ...
Math & Sciences. ...
Economics. ...
Communications.

What is the most popular college major?
Top Ten Most Popular Majors
Biology. Ecology and genetics are just two major career fields that regularly court graduates of this major. ...
Business Administration. ...
Communications. ...
Computer Science. ...
Criminal Justice. ...
Elementary Education. ...
Marketing. ...
Nursing.

The Most In-Demand Degrees in 2019
Computer science—61 percent.
Engineering—58 percent.
Business—57 percent.
Communications (including public relations and advertising)—52 percent.
Arts, humanities, and liberal arts—47 percent.
Science—45 percent.
Data analytics—45 percent.
Education—39 percent.

Which major is best?
10 College Majors With the Best Starting Salaries
Materials Engineering. ...
Systems Engineering. ...
Aerospace & Aeronautical Engineering. ...
Electrical Engineering. ...
Computer Engineering. ...
Chemical Engineering. ...
Nuclear Engineering. Median starting salary: $73,267. ...
Petroleum Engineering. Median starting salary: $97,689

Find More Highest paying college majors

May 25, 2019

Majors that make money and are fun

FAQ Majors that make money and are fun

Read on to see which common majors can lead to high paying careers right out of the gate.
Engineering. ...
Computer science. ...
Math and sciences. ...
Business. ...
Social sciences. ...
Humanities. ...
Agriculture and natural resources. ...
Communications.

What are fun jobs that pay well?
Top 10 Fun Jobs That Pay Well
Private Island Caretaker. Fun factors—Soak up the sun, go on adventures, and pretend that it's your very own island. ...
Ethical Hacker. ...
Ferrari Driving Instructor. ...
Video Game Designer. ...
Toy Designer. ...
Hollywood Stunt Person. ...
Fortune Cookie Writer. ...
NASCAR Mechanic.

What should I major in to make money?
It's no secret that some majors make more money than others and I was curious to see exactly what majors make the most.
Medical/Health Majors. PayScale estimates the average salary of a Radiologist to be around $290K a year. ...
Engineering. ...
Computers, Statistics, and Mathematics Majors. ...
Architecture. ...
Business. ...
Social Sciences.

What majors are most in demand?
The Most In-Demand Degrees in 2019
Computer science—61 percent.
Engineering—58 percent.
Business—57 percent.
Communications (including public relations and advertising)—52 percent.
Arts, humanities, and liberal arts—47 percent.
Science—45 percent.
Data analytics—45 percent.
Education—39 percent.

What are the best majors for the future?

These best 10 college majors for the future hold promising career paths for students of today.
Physical Therapy.
Nursing. ...
Construction Management. ...
Electrical Engineering. ...
Medical Technology. ...
Medical Assistance. ...
Chemical Engineering. ...
Computer Information Systems. ...

What is the highest paying least stressful job?
Top 10 Low-Stress Jobs That Pay Well
Actuary ​ Love math and statistics, and want to work a relatively low-stress, 9-to-5 job? ...
Audiologist ​ ...
Computer and Information Systems Manager ​​ ...
Dietician or Nutritionist ​ ...
Hair Stylist ​​ ...
Mathematician. ...
Medical Laboratory Technician ​ ...
Medical Records Technician.

What degree pays most?
The Highest-Paying Bachelor's Degrees
Chief Executives. ...
Computer and Information Systems Managers. ...
Architectural and Engineering Managers. ...
Marketing Managers. ...
Petroleum Engineers. ...
Airline Pilots, Copilots, and Flight Engineers. ...
Financial Managers. ...
Natural Sciences Managers.

What majors are worth it?
With those factors in mind, here are five degrees that are generally worth the money spent earning them.
Engineering. Engineering is one of the top-paying careers available today. ...
Computer Science. ...
Math & Sciences. ...
Economics. ...
Communications.

Find More Majors that make money and are fun

May 25, 2019

Best college degrees for employment

FAQ Best college degrees for employment

Following are the top majors for finding a job after graduation:
Nursing. ...
Electrical Engineering. ...
Accounting. ...
Chemical Engineering. ...
Finance. ...
Biomedical Engineering. ...
Human Resources. ...
Actuarial Science.

What college degree has the most job opportunities?
Here is NACE's list of academic majors, showing the percentage of student applicants who had at least one job offer by the time they graduated:
Computer Science: 68.7%
Economics: 61.5%
Accounting: 61.2%
Engineering: 59%
Business Administration: 54.3%
Sociology/Social Work: 42.5%
Mathematics/Statistics: 40.3%

What majors are most in demand?
The Most In-Demand Degrees in 2019
Computer science—61 percent.
Engineering—58 percent.
Business—57 percent.
Communications (including public relations and advertising)—52 percent.
Arts, humanities, and liberal arts—47 percent.
Science—45 percent.
Data analytics—45 percent.
Education—39 percent.

What are the best majors for the future?
These best 10 college majors for the future hold promising career paths for students of today.
Physical Therapy.
Nursing. ...
Construction Management. ...
Electrical Engineering. ...
Medical Technology. ...
Medical Assistance. ...
Chemical Engineering. ...
Computer Information Systems. ...

What are good jobs to major in?
Top Ten Best College Majors for Jobs
Computer Science.
Marketing.
Nursing.
Electrical Engineering.
Accounting.
Chemical Engineering.
Finance.
Biomedical Engineering.

What jobs will be in demand in 2020?

The following examples represent several existing jobs that may be top careers for the future.
Solar Energy Technician. ...
Wind Energy Technician. ...
Nurse Practitioner. ...
Software Developer. ...
Physical Therapist. ...
Registered Nurse (RN) ...
Health Services Manager. ...
Data Analyst.

What jobs will be in demand in 2022?
These 12 Jobs Will Grow 30% by 2024
Home Health Aide.
Nurse Practitioner.
Occupational Therapy Aide.
Occupational Therapy Assistant.
Operations Research Analyst.
Personal Financial Advisor.
Physical Therapy Aide.
Physical Therapy Assistant.

What's the easiest degree that makes the most money?
…make sure to learn it our next FREE live webinar by clicking here!
Medical/Health Majors. PayScale estimates the average salary of a Radiologist to be around $290K a year. ...
Engineering. ...
Computers, Statistics, and Mathematics Majors. ...
Architecture. ...
Business. ...
Social Sciences.

What majors are worth it?
With those factors in mind, here are five degrees that are generally worth the money spent earning them.
Engineering. Engineering is one of the top-paying careers available today. ...
Computer Science. ...
Math & Sciences. ...
Economics. ...
Communications.

Find More Best college degrees for employment

May 25, 2019