Tuesday, 15 January 2013

Top 10 degree subjects by lifetime salary


1 - Medicine and dentistry

Average lifetime salary: £41,624

Medical and dentistry students don't go through all those gruelling years of education and training for nothing. Supplementing the career satisfaction that assisting the unhealthy may bring is the near-guarantee of a decidedly healthy salary, averaging over £40k in a lifetime. If this figure seems lower than expected, remember – junior doctors start on around £22k, and the training is long.



2 - Architecture, building and planning

Average lifetime salary: £39,751 

It may take seven years to become a fully-fledged architect with a BArch or DipArch qualification, but statistically it's more than worthwhile, with an average lifetime salary of £39,751 per year.



3 - Engineering (general)

Average lifetime salary: £39,528 

General engineering degrees are marginally the most lucrative of all in that field, enabling students to go on to a wide range of careers, from the microscopic intricacy of nanotechnology or the civil engineering challenge of designing a hydroelectric dam to the more everyday problems of constructing efficient lawnmowers or washing machines, the engineering of new materials used in sports equipment or space suits, or the field of software engineering.



4 - Chemical, process & energy engineering

Average lifetime salary: £38,538 

Engineering and science degrees feature prominently in this list, suggesting the recent report from the Lords Science and Technology Committee calling for the government to take "immediate action" to ensure that enough young people study these subjects was spot on. Chemical engineers finding jobs in energy and other similarly lucrative sectors earn an average of £38,538 over their working lifetimes.



5 - South Asian studies

Average lifetime salary: £38,516 

As global business begins to take note of the rapid development of the Indian and other south Asian economies, the study of south Asian languages, their structure, history, grammar and use – also extending to the study of the region's culture and literature – presents a sizeable financial benefit.



6 - Minerals technology

Average lifetime salary: £37,139

A high percentage of those studying this subject (33 per cent) go on to related careers in mining and petrochemicals, which have low unemployment rates and high levels of employment in the high age ranges – meaning many of these people become experts who can act as consultants.Among those taking these career paths, the average lifetime salary is as high as £42,305 – which would put the subject at the top of our list.



7 - Industrial relations

Average lifetime salary: £37,139 

Expertise in the relationship between management and labour, including bargaining, negotiation and industrial action is clearly of benefit to many major employers – graduates with a degree in industrial relations average £37,139 in salary over the course of their working lives.



8 - Civil engineering

Average lifetime salary: £36,904 

One of the much-vaunted STEM (science, technology, engineering and maths) subjects for which graduates are in high demand, civil engineering degrees teach students how to design a wide range of essential infrastructure – and how to earn almost £37k per year over the course of their careers.



9 - Operational research

Average lifetime salary: £36,540

According to Lancaster University Management School, operational research is "the use of advanced analytical techniques to improve decision making". It certainly seems to come in handy, with graduates who typically go into business, logistics and marketing analysis yielding average lifetime salaries of above £36k.



10 - Japanese studies

Average lifetime salary: £36,437

Japanese was ranked as one of the top 10 foreign languages to study in a recent survey of UK employers' preferences. Those students who enrol in degree courses studying the language, as well as Japanese culture and literature, also perform extremely well on lifetime salary, averaging £36,437 from graduation through to the age of 65.

Perhaps surprisingly, this puts Japanese studies well ahead of subjects not on this list such as Law, which ranks 37th among degrees by lifetime salary – only 46 per cent of law grads will go on to become highly paid lawyers.



Font: The Telegraph ( UK)

3 comments:

  1. Very interesting article.Very useful for all those who want to know the profit of the profession that they have chosen.

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