It’s a question that’s been asked frequently over the years: “Is a college degree worth the investment?” A recent study by Georgetown University Center on Education and the Workforce answers this question and provides some interesting data to back it up. The study investigates the economic value of 171 college majors and then goes even deeper to provide a breakdown of the highest and lowest-paying degrees by sex and race. Whether you’re about to pick a college major, or you’re just days away from turning that tassel, here’s a look at some of the highest paying degrees for African Americans.
No. 9: Medical Technologies Technicians
Medical technologists perform clinical laboratory testing that is key to the detection, diagnosis, and treatment of diseases. Degree holders often work as cytotechnologists, microbiology technologists, and molecular biology technologists. African Americans in this field can expect to earn an average salary of $55,000, while White Americans in this same field earn an average of $58,000.
No. 8: Architecture
Architects are trained in building design and develop the concepts for structures. African Americans in this field can expect to earn an average salary of $55,000, while White Americans in this same field earn an average of $65,000.
No. 4: Computer Science
African American computer science degree holders earn an average of $61,000. White Americans with the same degree earn an average of $80,000.
No. 3: Information Sciences
This field involves the collection, analysis, manipulation, classification, storage, retrieval, and dissemination of information. African American degree holders can expect to earn an average of $65,000, while White Americans with this degree earn an average of $70,000.
No. 2: Mechanical Engineering
African American degree holders can expect an average salary of $65,000, while White Americans can expect $83,000.
No. 1: Electrical Engineering
If earning potential is at the top of your list, then this is the degree for you. African Americans can expect to earn an average salary of $68,000. However, even though this is the highest-paying degree, the study found that African Americans earn $22,000 less than Whites and $12,000 less than Asians with the same major.