Computer engineering – the most lucrative college major today

by Editor 7/16/2008 4:12:00 PM
A degree in computer engineering will get a graduate hired for the best paid positions straight out of college, according to Forbes.com.

Computer engineers with less than five years of work experience earn $60,500, while those with 10 to 20 years of experience make $104,000 annually. Tech services companies like Cisco Systems, AT&T and Hewlett-Packard are always hiring new computer engineering majors.

As Al Lee, director or quantitative analysis at Payscale.com, says: “Everything today has a computer in it.”

Payscale.com, an online salary comparison tool which collects salary information from 10 million users, has looked at median salaries for all jobs in the database and found that the four best paid college majors for graduates and those with less than five years of work experience are all related to engineering and computer engineering is at the top of the list.

“It’s all a matter of supply and demand. Engineers tend to stay at their jobs longer, so getting the good people right out of college is important,” adds Lee.

The number of engineering degrees, however, has not grown as much as one would expect because the training programs are generally rigorous. This works to the benefit of the students who finish them, as firms are aware that they are getting quality staff and are consequently willing to offer them better compensation.

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