If you're studying computer science or a related discipline, we hope it's because you love working with technology. But it's always good to know that the field you've decided on will be rewarding in monetary as well as emotional terms. Several compensation studies over the years have shown IT to be a reliably well-paid sector, and a new survey of salaries in the U.S. confirms that finding, while at the same time showing some interesting contrasts with other fields.
The study in question is the 2013-2014 PayScale College Salary Report. It looks at how things like your major and your school can be expected to affect your earning power. It was interesting to note that seven IT-related majors show up in the top 30 (out of 129 majors listed) in a ranking based on average midcareer salary. But it's also interesting to see where other majors show up on the list. Some that might seem guaranteed to put a graduate on the road to riches don't make the top 30.
In some cases, that's probably because we associate certain careers with its stars, but most of those who pursue majors that would prepare them for those careers fall well short of that status in the end. An obvious example is the entertainment field, whose stars are glaringly visible. But majors related to entertainment rank fairly low (theater, No. 96; drama, No. 107; radio and television, No. 99), which suggests that most of the people going out into the world with one of those degrees are not stars, and they aren't making as much money as your average code jockey. And of course, we all know that most actors actually get by doing things like waiting tables. Other careers that probably are attractive because of the rewards that accrue to their stars are advertising (No. 44) and architecture (No. 51).
Of course, IT has its stars too. People who studied (but did not necessarily complete degrees in) those seven IT-related majors include tech luminaries like Bill Gates, Mark Zuckerberg and Sergey Brin. But in the IT field, as in the other majors clustered at the top of this survey, you don't have to be a star to do well.
Salary Potential Rankings for Undergraduate Majors
Major (overall rank)
Computer engineering (6)
Average starting salary: $65,300
Average midcareer salary:$106,000
Computer science (8)
Average starting salary: $59,800
Average midcareer salary: $102,000
Software engineering (12)
Average starting salary: $60,500
Average midcareer salary: $99,300
Management information systems (18)
Average starting salary: $53,800
Average midcareer salary: $92,200
Computer information systems (25)
Average starting salary: $50,800
Average midcareer salary: $87,400
Information systems (26)
Average starting salary: $51,900
Average midcareer salary: $87,200
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