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SEATTLE, Aug. 20, 2019 (GLOBE NEWSWIRE) -- PayScale, Inc., the world’s leading provider of on-demand compensation data and software, issued its annual College Salary Report for the 2019-20 school year. Harvey Mudd is again the number one slot this year with mid-career pay of $158,200, $3,000 above the Massachusetts Institute of Technology in the second-place slot. In addition, engineering and math majors dominate the bachelor’s rankings for highest earning potential while two-year associates degrees focused on technology top the list for pay.
“Higher education is a major financial decision, both in terms of the cost of attending the institution as well as the potential for future earnings. Our College Salary Report can be an important resource for students and their families when making decisions about which school to attend and which major to study,” noted PayScale Director of Research Sudarshan Sampath. “In addition, our new Most Flexible Majors research provides insight about the potential flexibility of areas of study for new career and income opportunities in the future. Our labor market is constantly evolving, so having a degree that is flexible across industries or jobs—some that may not even exist yet—is an important consideration.”
For associate degrees, nursing and healthcare jobs continue to dominate as do technology-focused degrees for four-year bachelor’s degrees.
In their Campaign for Nursing’s Future, healthcare leader Johnson & Johnson predicts a future, significant opportunity for nursing students, citing: “... a looming healthcare crisis [with a] shortage of 500,000 nurses by 2020. To date, [Johnson & Johnson] has provided over $20 million in nursing scholarships and built partnerships with over 25 nursing organizations. The nursing workforce has now grown by more than a million, with projected growth of another million by 2030.”
Other Highlights from the 2019-20 report:
Bachelor’s Degree Schools with Highest Pay
Associate Degree Schools with highest pay
Schools by Major with highest pay
PayScale’s 2019 College Salary Report provides estimates of early and mid-career pay for 2,537 associate and bachelor’s degree-granting institutions throughout the U.S. Specifically:
For more information about the College Salary Report, including methodology, please visit: http://www.payscale.com/college-salary-report and for more information about the report methodology, please visit: http://www.payscale.com/college-salary-report/methodology
PayScale offers modern compensation software and the most precise, real-time, data-driven insights for employees and employers alike. More than 8,000 customers, from small businesses to Fortune 500 companies, use PayScale to power pay decisions for more than 23 million employees. These companies include Encana, Patagonia, The New York Times, Sunsweet, T-Mobile, United Health Group, Wendy's and Perry Ellis. For more information, please visit: https://www.payscale.com/ or follow PayScale on Twitter: https://twitter.com/payscale.