|Best College Majors to Pay Off Loans?|
There’s an old debate about choosing a career that you love vs. choosing one that will make you the most money. In today’s economy many people struggle to pay their college debt and the idea of getting an education that won’t leave you broke and unemployed is newly attractive. But what are the jobs that make it easier to pay off college loans as soon as possible?
I ran across a slide show at Kiplinger that I wanted to pass along. I get a little aggravated by all the slide shows that are basically just ways to have you look at more ads, but this one has some good information. So I made a consolidation of the slide show.
All salary ranges show starting salary to the median salary for those working in the field for a while. All job growth stats are for expected growth in demand for these jobs projected through 2020.
Unemployment rate is for recent grads looking for these jobs.
Construction Services, $50,200-65,000
job growth: 17%; unemployment rate: NA
From the linked article:
“Construction-services majors study project scheduling and construction law and go on to oversee projects ranging from office buildings to power plants. . . . new construction services grads make more money than new grads in finance, general engineering and pre-law.”
There is some job insecurity in a down economy, but the unemployment rate for people with experience in this field is 5.4%.
Management Information Systems, $51,000-71.000
job growth: 18%; unemployment rate: 7.4%
This major pays better than many other IT jobs. You work for a big company maintaining their network, working out bugs, and sometimes setting up their network. This can include working for hospitals which piggybacks on the demand for health care jobs. With several years experience this can translate into a salary of $85,000 and up.
Medical Assistant, $43,000-51,000
Job Growth: 31%; Unemployment rate: 5.4%
Who knew you could make that kind of salary after just 2 years of school? There should be good job security because of expected growth of the medical fields.
From the linked article:
“Medical-assisting majors study office administration and basic clinical skills, such as transcription, coding and lab procedures. They generally work in doctors’ offices, taking patient history, performing basic tests, and tracking insurance and other paperwork as needed.”
Click here for Part 2 of this series on college majors that make it much easier to pay off those college loans.