Salary Growth for Selected Industries
No matter if you are a current student putting time and energy into an online degree, or if you are a prospective student wondering about which program and college fits best, one might wonder about the potential value of their degree and what kind of Return on Investment (ROI) their degree might earn. As with any other investment, one would hope that the value of their degree will pay for itself many times over.
What kind of beginning salary can you expect with a degree, and how much can it grow? A quick overview of potential careers shows that monetary rewards can be especially lucrative across the board:
1) Accounting
Starting median salary: $46,000
Mid-Career median salary: $77,100
Growth in salary: +67.6%
Accounting continues to be one of the more stable industries in the job market, even in the current bad economy. Small and big businesses alike utilize accounting for crucial tasks such as restructuring company finances to minimize losses, help make important financial decisions, and keep comprehensive transactional records – all of which are key in maintaining profitability in a recession. Certifications such as being a Certified Public Accountant (CPA) can only increase earning potential, sometimes dramatically. Schools such as Saint Leo University and Ashworth College offer comprehensive online accounting degrees.
2) Finance
Starting median salary: $47,900
Mid-Career median salary: $88,300
Growth in salary: +84.3%
Having a Finance degree opens the door to a multitude of rewarding careers, including business finance, public finance, and personal finance. Personal finance, in particular, is a booming field that was also one of the few positively affected by the recession – even visits to personal finance blogs have taken off as frugality became the new hip trend. The steady job growth coupled with its 84.3% average salary growth make this degree increasingly popular. Boston University, Grand Canyon University, and Walden University are some online universities that carry this degree.
3) Marketing
Starting median salary: $40,800
Mid-Career median salary: $79,600
Growth in salary: +95%
Do you find joy in both the creative and analytical? Marketing is a profession that rewards those who appreciate hard work, extensive research, and spontaneous creativity. In a business environment where companies are constantly trying to gain a cost effective edge, innovation in marketing can often lead to explosive consumer growth. With an average median salary growth of 95.1%, online marketing degrees such as those found at Strayer University, Keiser University, and Full Sail University are becoming increasingly popular.
Source: http://online.wsj.com/public/resources/documents/info-Degrees_that_Pay_you_Back-sort.html
I learned a lot about economics through this blog. A well-written reminder to all about the impending issues that we are all going to have to deal with (or are already dealing with) in this country in the years to come.