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Cleveland Plain Dealer
What colleges and
majors lead to a well-paying job? See how Ohio schools rank
By Karen Farkas
CLEVELAND, Ohio - Want a well-paying job?
PayScale's annual College Salary Report provides some guidance to those
choosing colleges and careers.
PayScale, a salary, benefits and compensation information company,
compiled data on lifetime earnings for hundreds of degree and major
combinations to show the earning potential for an associate, bachelor's
or master's degree.
Not surprisingly, engineering and math dominate the bachelor's rankings
for highest-paying major. The median pay for early career STEM majors
is $51,400, while for liberal arts majors it is $41,300.
The two-year degrees with the highest earning potential are
instrumentation technology, tadiation therapy, and management
information systems.
An associate degree can lead to a high-paying job.
The 30 highest paying jobs you can get without a bachelor's degree
Choosing a college is a little more nuanced. Graduates of liberal arts
colleges may earn less early in their career, but earnings rise as they
gain experience.
Payscale provides salary data for alumni of a total of 2,441 associate
and bachelor's degree-granting institutions.
"Our report provides a good data point for students and families as
they select a school and major," said PayScale Vice President Lydia
Frank in a statement. "Increasingly, students want to understand the
career and income opportunities associated with their college
education. While earning potential should not be the only
consideration, it's an important one, especially as decisions are being
made about how to fund one's education."
The data is collected through PayScale's ongoing, online compensation
survey. Users provide data about their jobs, compensation, employer and
educational background.
This year the company increased the number of schools by more than
1,000. The median sample size for bachelor's schools was 489
respondents.
In addition to salary the data includes the percent of alumni at each
school who say their work makes the world a better place.
Following are how Ohio public colleges and many private colleges ranked
in the state by salary potential.
Early career pay indicates what full-time employees earn the first
three years out of college. Mid-career pay reflects 20 years of
experience.
Public and private four-year colleges: bachelor's degree
Case Western Reserve University: $62,400 (early), $111,000 (mid)
Oberlin College: $49,400 (early), $107,600 (mid)
Miami University: $53,500 (early), $104,600 (mid)
University of Dayton: $53,700 (early), $102,600 (mid)
John Carroll University: $47,900 (early), $95,300 (mid)
University of Cincinnati: $50,700 (early), $92,800 (mid)
Ohio State University: $51,900 (early), $92,400 (mid)
Ohio University: $48,300 (early), $88,500 (mid)
College of Wooster: $45,800 (early), $87,500 (mid)
University of Toledo: $49,200 (early), $86,200 (mid)
Bowling Green State University: $44,500 (early), $83,700 (mid)
Wright State University: $47,400 (early), $82,700 (mid)
Cleveland Institute of Art: $44,000 (early), $83,400 (mid)
University of Akron: $48,100 (early), $81,600 (mid)
Cleveland State University: $46,900 (early), $81,300 (mid)
Youngstown State University: $45,500 (early), $80,600 (mid)
Hiram College: $43,400 (early), $79,800 (mid)
Walsh University: $44,900 (early), $78,400 (mid)
Baldwin Wallace University: $44,500 (early), $78,200 (mid)
Kent State University: $43,400 (early), $78,000 (mid)
Lake Erie College: $41,400 (early), $75,100 (mid)
Ursuline College: $46,200 (early), $70,200 (mid)
Notre Dame College: $40,600 (early), $68,900 (mid)
Malone University: $42,100 (early), $67,700 (mid)
Central State University: $39,000 (early), $65,000 (mid)
Community colleges
Lakeland Community College: $41,000 (early), $59,000 (mid)
Lorain County Community College: $40,500 (early), $57,600 (mid)
Cuyahoga Community College: $39,800 (early), $53,000 (mid)
Overall 5 top bachelor degrees by salary
1. Petroleum engineering: $94,600 (early), $175,500 (mid)
2. Actuarial mathematics: $56,400 (early), $131,700 (mid)
3. Actuarial science (advance study of statistics): $61,200 (early),
$130,800 (mid)
4. Nuclear engineering: $69,000 (early), $127,500 (mid)
5 Chemical engineering: $70,300 (early), $124,500 (mid)
Overall top 5 associate degrees by salary
1. Instrumentation technology: $42,900 (early), $92,500 (mid)
2. Radiation therapy: $57,900 (early), $87,500 (mid)
3. Management information systems: $44,200 (early), $78,800 (mid)
4. Nuclear medicine technology: $57,900 (early), $76,400 (mid)
5. Construction management: $43,100 (early), $73,400 (mid)
Read this article with links, and others, at Cleveland Plain Dealer
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