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Which of those graduate-level degrees are worth the hefty pricetag? As part of their 2015 - 2016 College Salary Report, Payscale.com combed data for more than 200 graduate-level degrees and ranked them according to the mid-career salaries of college graduates holding those degrees.
At the top of this ranking is Petroleum Engineering, which also took first place among the Bachelor's Degrees with the Highest Earning Potential. Careers associated with this degree, described by the Bureau of Labor Statistics as belonging to those who "design and develop methods for extracting oil and gas from deposits below the earth's surface," pay early career wages of $96,500 and mid-career wages of $173,000.
Of note, those who hold bachelor's degrees in Petroleum Engineering actually earn slightly higher wages in the early career-just over $100,000-than those with a master's degree. By mid-career that discrepancy is reversed, but only to the slight advantage of those with master's degrees, who outearn those with a bachelor's by $5,000.
1) Petroleum Engineering - $96,500
Nurse Anesthesia comes in second, with mid-career wages of $159,000. Electrical & Computer Engineering, Computer Science & Engineering, and a three-way tie among Biomedical Engineering, Electrical Engineering, and Taxation round out the top five. Each offers mid-career compensation upwards of $125,000.
Top 10 Master's Degrees By Earnings
Degree - Early Career Pay
2) Nurse Anesthesia - $139,000
3) Electrical and Computer Engineering - $80,600
4) Computer Science and Engineering - $89,000
5) (tie) Biomedical Engineering - $68,400
5) (tie) Electrical Engineering - $78,000
5) (tie) Taxation - $60,700
8) (tie) Electronics and Communications Engineering - $84,300
9) (tie) Technology Management - $63,600
10) Chemical Engineering - $72,900
How to Graduate
More Black Students
Dozens of colleges are doing it, and a new report outlines how.
Many more black students are graduating from college than a decade ago. According to a new report
from The Education Trust
, a nonprofit that focuses on improving outcomes for low-income students of color, completion rates for African Americans increased at nearly 70 percent of the four-year public schools that raised their overall graduations rates between 2003 and 2013. But at the same time, a third of the colleges the group studied that had rising overall graduation rates actually had stagnant or declining graduation rates for black students.
More than 50 schools have also reduced graduation gaps between black and white students, including Texas Tech University and Ohio State University. "These institutions illustrate that demographics aren't destiny and that what colleges do with and for their students plays a pivotal role in student success," write the authors.
At Ohio State, where the black graduation rate has climbed from about 42 percent in 2003 to around 73 percent in 2013, the gap between white and black students has shrunk by more than 8 points. In other words, white and black students are graduating at higher rates than they used to, but blacks have made gains at a faster pace.
As the report outlines, the school connects with low-income, first-generation potential students, most of them black, when they are in middle school through the Young Scholars Program, which points them toward the classes and study habits they will need to succeed in college. If they enroll at Ohio State, they get an annual scholarship, attend a summer bridge program and a study-skills course to ease the transition to school, and meet with coaches and mentors regularly. There are off-campus weekend retreats, conversations about race on campus, and a research center that brings black students from around the country to campus to share best practices and challenges.
Texas Tech created a program called Mentor Tech, which focuses on connecting students of color with faculty and local churches and community groups. "The mentors we match them with commit to assisting them with navigating the system, sharing the unwritten rules of culture, connecting them with resources, being that listening ear, being that caring arm, and sometimes being that voice of correction to help them bounce back from failure," Cory Powell, the director of the program, told Education Trust. The graduation rate for black students on campus is 19 points higher at 56 percent than it was 10 years ago.
Many schools, Education Trust suggests, have a long way to go when it comes to helping black students graduate from college. Black students are often more challenged by serious disadvantages from their earliest years, and colleges are being asked to close gaps that they did not directly create. Black students are more likely than white students to attend highly segregated schools where poverty is the norm, for instance, and are less likely to have access to advanced placement courses. As Anthony Carnevale, the head of Georgetown University's Center on Education and the Workforce, told The Atlantic at a recent roundtable, "We still have separate but unequal education among the races." But that doesn't change the fact that 73 of the colleges that had rising graduation rates in general had stagnant or declining graduation rates for black students specifically. Nearly 30 of the schools saw declining graduation rates for black students.
Click Here to Read Full Report: Rising Tide II - Do Black Students Benefit as Grad Rates Increase?
If you can spare two hours a year to improve the lives of Black children in Chicago, call us at 773.285.9600.
At some of the America's largest mentoring agencies, when the call goes out to mentor Black boys, the first people to respond are young White women. Then White men. Next Black women. And finally, Black men.
This will not work.
Young Black boys are looking for anyone who is willing to spend quality time with them, even street gangs and crime mobs! They especially want to be in the company of Black men, but if Black men won't come to them, they will gladly take a White woman as a mentor. God bless my good White sisters, but these White women cannot save Black children without the support of the Black community.
There is still time for you to help us mentor young Black boys and girls. Join us by calling 773.285.9600 or meet us on Tuesday, March 29, 2016, 6:30 pm, at 3509 South King Drive, Suite 2B, Chicago, Illinois. If you can spare two hours a year to save Black children, join us. If not, (you finish this sentence....).
The Black Star Project
On Saturday, April 16, 2016,
Black Communities Across
America Will Participate in
Black, Clean and Green
Black people across America will:
- Pick up paper and trash on their block
- Clean their streets and alleys
- Clean vacant lots
- Clean away graffiti
- Cleanse the spirits of our children
- Plant flowers, shrubs, trees and grass
- Report dangerous and open abandoned houses
- Report abandoned cars and trucks
This event is being led by Sel Dunlap, General Manager of the War on Filth and Fear campaign, and sponsored by the Chicago Justice or Else Local Organizing Committee.
Sel Dunlap, General Manager of the War on Filth and Fear
Please call 773.285.9600 to register your city and community for Red,
Black, Clean and Green!
Men and Women, Do You Want to Earn $42 Per Hour? Do You Want A Career with a Long, Positive Future? Are You Willing to Work Hard and to Learn? Do You Want Wonderful Benefits?
If So, Call The Black Star Project to
Become A Chicago-Area
You must be interviewed, have a valid driver's license, be drugfree, have proof of citizenship, have a social security card, be at least 17 years old, pass a basic skills and academic test, be in good physical shape, clear a background check, and a have a letter of recommendation. Limited slots available for a April 2016 internship opportunities.
Please call 773.285.9600 today for this limited opportunity.
Serious Inquiries Only!
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