Top 10 Highest Paying Bachelor's Degree 2020

Bachelor’s degree offers you many options that depend on the stream in which you are pursuing the degree. Let us discuss the top 10 highest paying bachelor's degree in this article.

Updated by Smriti Singh on 12th May 2020

Your earning potentials are determined mainly by your hands-on application abilities and the highest paying jobs that you can have are going to be limited by your personal qualities. 

Behavioral qualities and traits like flexibility, trainability, work attitude, adaptability, self-driven, goal-driven, focus, besides your effective demonstrable capabilities. 

The earning capability of a person depends on their potential to produce and effective functional performance. Bachelor’s degree offers you many options that depend on the stream in which you are pursuing the degree. 

Following are the top 10 highest earning job profiles that require not more than a bachelor’s degree:

Petroleum Engineering

Salary: Median Mid-Career Salary is $176,900 

Skills Required:

  • Technical Skills

  • Problem-Solving Skills

  • Teamwork

  • Attention to Detail

  • Leadership Skills

  • Analytical Skills etc. 

Roles and Responsibilities: 

  • Petroleum engineers design and develop procedures for extracting oil and gas from deposits located below the earth’s surface and from old wells.

  • Petroleum Engineer makes recommendations of drilling efforts based on cost, effort, and feasibility weighed against return.

  • They devise plans and methods to effectively drill fields to recover oil and gas.

  • They are responsible to ensure that equipment is installed, operated, and maintained properly or not for effective use.

  • They monitor the drilling operations whenever needed.

Electrical Engineering and Computer Science

Salary: Median Mid-Career Salary is $142,200

Skills Required:

  • Technical and IT skills

  • Attention to Detail

  • Innovation

  • Teamwork, etc.

Roles and Responsibilities:

  • They are responsible to confirms system's and components' capabilities by designing testing methods, testing properties.

  • They develop electrical products by studying customer requirements; researching and testing manufacturing and assembly methods and materials.

  • They prepare product reports by collecting, analyzing, and summarizing information and trends.

  • They provide engineering information by answering questions and requests.

  • They are responsible for maintaining product and company reputation by complying with federal and state regulations.

  • They keep equipment operational by following manufacturer's instructions and established procedures; requesting repair service.

  • They maintain the product database by writing computer programs; entering data.

  • They complete projects by training and guiding technicians.

Applied Economics & Management

Salary: Median Mid-Career Salary is $140,000

Skills Required:

  • Problem-solving Skills

  • Analytical Skills

  • Communication Skills

  • Decision-Making Skills, etc.

Roles and Responsibilities:

  • They are responsible to study the economic patterns at the macro-level and analyzing its significance to the specific firm they are working in.

  • They consistently examine the probabilities of transforming an ever-changing economic environment into profitable business avenues.

  • They assist the business planning process of a firm.

  • They are also responsible for carrying cost-benefit analysis.

  • They are involved in advising the management of public relations, foreign exchange, and trade.

  • They guide the firm on the impact of changes in monetary and fiscal policy on the firm’s functioning.

  • At times, a managerial economist has to prepare speeches for top management.

Operation Research 

Salary: Median Mid-Career Salary is $137,100

Skills Required:

  • Analytical skills

  • Communication skills

  • Critical-thinking skills

  • Interpersonal skills

  • Math skills

  • Problem-solving skills 

  • Writing skills.

Roles and Responsibilities:

  • They identify and solve real-world problems.

  • They are responsible to collect, organize, and analyze data from various sources.

  • They are responsible for determining the best practices for the method of analysis based on the problem at hand.

  • They develop practical solutions using statistical analysis, simulations, predictive modeling.

  • They are also responsible to advise managers and executives on best practices.

Political Economics

Salary: Median Mid-Career Salary is $136,200

Skills Required:

  • Analytical Skills

  • Intellectual Skills

  • Critical Thinking Skills

  • Writing Skills

Roles and Responsibilities:

  • The Political Economist researches political subjects, such as the U.S. political system, relations between the United States and foreign countries, and political ideologies.

  • They collect and analyze data from sources such as public opinion surveys and election results.

  • They use qualitative sources, such as historical documents, to develop theories.

  • They also use quantitative methods, such as statistical analysis, to test theories.

  • They are responsible to evaluate the effects of policies and laws on government, businesses, and people.

  • They closely monitor the current events, policy decisions, and other issues relevant to their work.

  • They forecast political, economic, and social trends.

  • They present research results by writing reports, giving presentations, and publishing articles.

Actuarial Mathematics 

Salary: Median Mid-Career Salary is $135,100

Skills Required:

  • Analytical Skills

  • Computer Skills

  • Interpersonal Skills

  • Math Skills

  • Problem-solving skills

  • Communication Skills

Roles and Responsibilities:

  • Actuarial mathematicians work throughout the business, industry, and technological sectors, providing numerical solutions to practical problems.

  • They use a large amount of data along with their expertise in statistics snd finance to determine how much money should be set aside now in order to pay for the costly events that may randomly occur in the future.

  • Firstly, they predict the timing of events that may randomly occur in the future.

  • Then they calculate how much money should be invested now so that there will be enough money in the future to pay for any financial losses that occur as a result of the events taking place.

Electrical Power Engineering 

Salary: Median Mid-Career Salary is $134,700

Skills Required:

  • Listening Skills

  • Communication Skills

  • Problem Solving Skills

  • Teamwork

  • Decision-making Skills

  • Time Management, etc.

Roles and Responsibilities:

  • They engage in Department Safety Programs.

  • They identify maintenance priorities and handle Maintenance and Engineering departments’ repairs.

  • They support department activities as part of the larger Power and Recovery team.

  • They develop, check, and manage data.

  • They observe, interpret, and suggest.

  • They write reports about plant operations.

  • They understand the electric system components and activities.

  • They contact personnel and departments to resolve issues.

  • They are responsible to increase industry standards, developments, and technology knowledge.

  • They lead to smaller project initiatives.

  • They enable improvement by documenting process areas.

  • They administer construction contracts.

  • They develop and construct new substations and modifications.

  • They check electric power system reliability to maximize performance level.

  • They analyze Systems Operations data and systems.

  • They construct and maintain substation areas and distribution operations.

Business Analysis

Salary: Median Mid-Career Salary is $133,200

Skills Required:

  • Technical Skills

  • Writing Skills

  • Problem Solving Skills

  • Team Work

  • Decision Making

  • Communication Skills

  • Attention To Details, etc.

Roles and Responsibilities:

  • They are required to work with key project consumers or stakeholders as well as business people communicate and formulate with the vision of the business for the project. In addition, the BA is in need to plot the scope and initial requirement of the project.

  • Business Analyst is to function with the project stakeholders to understand their requirements and translate them into details, that developers can able to understand. 

  • The main responsibility of the Business Analyst is to impress the stakeholder and other authorities with their presentation, which would have a notable effect on the growth of the business.

  • Business Analyst prepares the functional specifications and other requirements in a phase that are accepted by the organization and then the development team of the company designed as well as implemented.

  • They analyze how stakeholders or consumers will utilize the new solutions in order to complete certain activities and tasks.

  • Attaining a successful end product is one of the roles as well as the responsibilities of a Business Analyst. They should determine what the project should do and how the project should work.

Pharmacy 

Salary: Median Mid-Career Salary is $132,500

Skills Required:

  • Management Skills

  • Communication Skills

  • Interpersonal skills

  • Science and Math Skills

  • Computer Skills, etc.

Roles and Responsibilities:

  • They are responsible to serve patients by preparing medications, giving pharmacological information to the multidisciplinary health care team, and monitoring patient drug therapies.

  • They also prepare medications by reviewing and interpreting physician orders and detecting therapeutic incompatibilities.

  • They dispense medications by compounding, packaging, and labeling pharmaceuticals.

  • They control medications by monitoring drug therapies; advising interventions.

  • They complete pharmacy operational requirements by organizing and directing technicians’ workflow, verifying their preparation and labeling of pharmaceuticals, and verifying order entries, charges, and inspections.

  • They provide pharmacological information by answering questions and requests of health care professionals and counseling patients on drug therapies.

  • They maintain records for controlled substances and removes outdated and damaged drugs from the pharmacy inventory.

  • They supervise the work results of support personnel.

  • They maintain current registration, studies existing and new legislation anticipates legislation and advises management on needed actions.

  • They protect patients and technicians by adhering to infection-control protocols.

  • They maintain a safe and clean working environment by complying with procedures, rules, and regulations.

  • They contribute to team effort by accomplishing related results as needed.

Aeronautics & Astronautics 

Salary: Median Mid-Career Salary is $131,600

Skills Required:

  • Technical Skills

  • Creativity

  • Critical thinking skills

  • Problem Solving Skills

  • Math Skills

  • Time Management Skills

  • Communication Skills

  • Attention to Details, etc.

Roles and Responsibilities:

  • They are responsible for direct and coordinate the design, manufacture, and testing of aircraft and aerospace products

  • They assess proposals for projects to determine if they are technically and financially feasible

  • They determine if proposed projects will result in safe aircraft and parts

  • They evaluate designs to see that the products meet engineering principles, customer requirements, and environmental challenges

  • They develop acceptance criteria for design methods, quality standards, sustainment after delivery, and completion dates

  • They make sure that projects meet quality standards

  • They are responsible to inspect malfunctioning or damaged products to identify sources of problems and possible solutions

Conclusion

As per the information provided above, Petroleum Engineer is the highest paid profession. But you have to make the money at the end of the day and your degree won’t do it for you. There is no such company that will ever hire a person because he is a college graduate. The companies will hire people hoping that they will work productively, as it is the person that does the physical mental work.