Top-paying jobs for recent college grads

Recent college graduates can enter the workforce with a competitive edge and a degree, but they might not have the experience needed to land their dream job. Graduates should also consider jobs that can support them while they continue to build their career in their preferred fields. Many recent grads will need to take an entry-level job in order to meet potential employers and move up within their company or switch industries. Others may need to find alternative ways of breaking into the job market, such as working as a server or bartending until the right opportunity comes along. Working towards what you want to do for the rest of your life is a big step for anyone, and learning where you excel and what you like is an important part of that process. However, it’s equally important to keep an eye on how much money your chosen career path can make you in the short and long term. The following list details some of the highest-paying jobs for recent college graduates:

Computer programmers

Computer programmers sit at the top of the list of highest-paying jobs for recent college graduates. The median annual wage for computer programmers is a whopping $79,530. Although this job isn’t exactly a walk in the park. Programmers are tasked with writing software code and testing programs to ensure they work correctly. This isn’t a career you can walk into without a degree, either. To become a computer programmer, you need at least a bachelor’s degree in computer science or computer engineering. Programmers can become certified through the International Software Engineering Qualification Board, which can increase their earning potential even further. Computer programmers can get a leg up in the industry by brushing up on the latest technologies, such as AI and machine learning. Additionally, programmers can increase their potential earnings by joining a professional organization such as the Association for Computing Machinery (ACM).

Actuaries

Actuaries sit at number two on the list of highest-paying jobs for recent college graduates. The median annual wage for actuaries is $75,430. Actuaries analyze data to predict the financial costs and outcomes of risk, such as insurance claims. For those interested in pursuing a career as an actuary, you’ll need a bachelor’s degree in mathematics, economics, business, or a related field. You’ll also need to pass the SOA Examining Actuaries Exam (EA) and work towards your designation as a fellow of the Society of Actuaries (FSA).

Statisticians

Statisticians are data analysts who collect and analyze data using advanced statistical methods. The median annual wage for statisticians is $74,520. To become a statistician, you’ll need to earn a bachelor’s degree in statistics or mathematics and work towards your master’s degree in statistics or a related field. While the job duties of statisticians are straightforward, the job outlook is favorable. The Bureau of Labor Statistics predicts employment in this field will grow 10% between 2016 and 2026. The best way to break into this field is to gain experience in statistical software and methods through internships and entry-level positions while studying toward an advanced degree.

Software Developers

Software developers are responsible for designing and building software applications and tools. The median annual wage for software developers is $73,280. Working toward a bachelor’s degree in computer science or computer engineering can put you on the path to becoming a software developer. However, not all software developers have a degree in computer science. Some other ways to break into this field include participating in hackathons and competitions, building apps in your spare time, and joining both professional and social networking organizations like the Institute of Electrical and Electronics Engineers (IEEE).

Financial Analysts

Financial analysts review a company’s financial situation and assess its risk, profitability, and investment potential. The median annual wage for financial analysts is $69,530. If you want to become a financial analyst, you’ll need a bachelor’s degree in any field. Financial analysts typically work in offices and have a strong knowledge of business, math, and analytical skills. You can also increase your earnings potential as a financial analyst by gaining experience in investment banking, private equity, and asset management. This experience allows you to demonstrate your knowledge and skill set to potential employers.

Data Scientists

Data Scientists and Data Engineers Data scientists and data engineers work with large quantities of data to produce insights and analyze large-scale datasets. The median annual wage for data scientists and engineers is $69,600. To break into these positions, you’ll need to have or be working towards a bachelor’s degree in computer science, applied mathematics, statistics, or a related field. You’ll also need a strong understanding of programming languages such as Python or R. Gaining experience in the industry is key to moving up the ranks in these positions and maximizing your earnings potential. You can do this by participating in hackathons, adding open-source projects to your resume, and building skills through online courses, such as those found on the edX website.