Average Wage for Job Types
As of the late 2000s, the average wage for college grads continued to increase as more experience is gained from the workplace. The highest wage potential were being paid to those with chemical engineering degrees, averaging $59,361 per year. Other degrees also provided high levels of pay: mechanical engineers make an average of $55,292, computer engineers make $56,201, civil engineers get $48,509, information science make $50,852, computer science make $53,396, systems and business data processors make $47,648 and marketing degrees offer an average salary of $40,161.
Overall, studies indicate that college degrees of varying levels offer higher salaries which each subsequent achievement. For example, some college will give a person an average of $36,800. A Bachelor's degree provides earnings of $52,200. A Master's degree garners and average of $62,300. Those successfully acquiring a Doctoral degree make roughly $89,400. This is in contrast to those without even a high school diploma, which make only $23,400.
According to the U.S. Census Bureau, the lifetime earnings potential for high school grads is $1.2 million. Those with a Bachelor's degree can expect to make considerably more, roughly $2.1 million. A Master's will give a person slightly more, an average of $2.5 million. The largest payouts, however, are with those with Doctoral or professional degrees, making between $3.4 and $4.4 million over a lifetime.