03-16-23 Code #9- 30 Double Down Spins
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Can online classes prepare you for high-paying jobs? In many cases, yes, an online education can prove highly profitable. The trick to making your online degree financially worthwhile is choosing a degree program that puts you on the path to a high-paying career. Majoring in subjects that have traditionally been less likely to lead to lucrative occupations will limit your earning potential, but there are plenty of online majors – particularly in technical and business fields – that commonly lead to well-paying careers.
TOP 20 HIGHEST-PAYING ONLINE DEGREES
What to Know About Online Degree ProgramsThe first thing you should know about pursuing a college degree online is that, while convenient, online coursework isn’t “easy.” Students of legitimate, accredited online colleges need to meet the same sorts of admission and graduation requirements as students attending classes on campus. Featured Programs For example, you need a high school diploma or a GED to be accepted into most online programs. In the best online degree programs, you will take the same rigorous coursework as on-campus students take. The only difference is that you complete your coursework in an online format, often on your own schedule and from anywhere in the world. Another fact students should be aware of is that online learning isn’t always cheaper than studying on campus. Tuition for online degree programs certainly can be cheaper, especially if you are looking at institutions where you will be charged a higher out-of-state tuition rate. However, that’s not always the case. For many online students, the biggest source of savings isn’t the direct cost of tuition and fees but rather not having to live on campus or commute to school. Finally, prospective online students need to be particularly vigilant about choosing accredited schools and programs to avoid investing their time and money in a degree that turns out to be worthless. Students should look for colleges and universities that are accredited by one of the seven regional accrediting organizations recognized by the Council for Higher Education Accreditation (CHEA):
The Accrediting Commission for Community and Junior Colleges (ACCJC) Western Association of Schools and CollegesThe Higher Learning Commission (HLC) The New England Commission of Higher Education (NECHE) The Middle States Commission on Higher Education (MSCHE) The Northwest Commission on Colleges and Universities (NWCCU) The Southern Association of Colleges and Schools Commission on Colleges (SACSCOC) The WASC Senior College and University Commission (WSCUC) Aside from the regional accreditation status of the school as a whole, students should consider programmatic accreditation, or accreditation of individual degree programs. Programmatic accreditation is particularly important for degrees in certain subjects. For example, students pursuing a degree in any branch of engineering should ideally choose a program accredited by ABET, the Accreditation Board for Engineering and Technology. Earning an engineering degree from a program that isn’t ABET-accredited may prevent you from getting licensed later in your career. On the other hand, programmatic accreditation in degree programs that typically don’t lead to licensure is nice to have – because it demonstrates that the program meets high standards set by external organizations – but is less critical.
How Much Money Can Graduates of Online Programs Earn?It’s true that virtually all of the highest-paying occupations in America, according to the United States Bureau of Labor Statistics (BLS), require more than a typical, fully online education. That’s because the vast majority of the most lucrative jobs in America are medical doctors in different areas of specialty or jobs – like nurse anesthetist or airline pilot – that otherwise require extensive clinical or hands-on training. There are currently no fully online medical (MD or DO) degree programs that lead to licensure in the United States. While there are online degree programs in nurse anesthesia and aviation, these programs include a great deal of hands-on experience – clinical hours and flight hours – that you must complete in person. Still, online degree programs can put students on the path to a diverse array of lucrative jobs, many of which are in high demand. Some graduates of online degree programs even go on to eventually make upwards of six figures, and many earn salaries equal to or above the median annual salary for all occupations across the United States. If you want to maximize your earning potential with an online education, you need to think carefully about your choice of college major. Certain programs of study are both closely connected to high-paying jobs and easily transferrable to online learning practices. These programs are the best online degrees to consider when it comes to salary potential.
What Are the 20 Highest-Paying Online Degrees?Generally speaking, the highest-paying online degree programs tend to fit into either the field of business or STEM (science, technology, engineering and mathematics) subjects that don’t require a great deal of clinical experience. Management positions offer particularly high earning potential. While most of the highest-paid positions you can get with online degrees require at least a bachelor’s degree, if not a master’s degree, some online programs at the associate’s degree level can also offer exceptional earning potential.
Below are 20 of the online programs with the highest earning potential.
1. Management ScienceThe more responsibility you hold in an organization, the higher your earning potential. As such, management skills are particularly valuable if you want to boost your salary. A degree in management science will prepare you for a breadth of different management positions. These leadership-focused degrees can help you move up in the world of business administration or build upon your skills in another technical or specialized area so that you can take on a management role within your field. Coursework in master’s degree programs in management science commonly includes organizational leadership in business operations and operations management, as well as methods of business analytics and data analysis. Some master’s degree programs in management science are more STEM-oriented, while others focus on business leadership skills more generally. A master’s degree in management science can help you move into management positions of all kinds. Management roles in different occupations each have their own sets of distinct job duties and corresponding earning potential. In general, though, management occupations as a whole had the highest median annual salary of all occupational groups in 2021, according to the Bureau of Labor Statistics (BLS). The median salary for all management roles amounted to $102,450. The more senior or more specialized your role in management, the greater your earning potential. One less specialized – yet lucrative – group of management roles to look at is top executive, which according to the BLS encompasses both chief executives and operations managers. In an operations or general manager position, you will typically focus more on the routine leadership and administration tasks that keep your organization running productively. Chief executive roles tend to involve more focus on strategic planning and determining the larger direction of the organization. High-Paying Jobs With This Online Degree: Operations managers, general managers, chief executives, STEM managers and top executives Median Earning Potential: $97,970 (for general and operations managers) to $179,520 (for chief executives)
2. Computer ScienceIf you’ve got strong computer skills or an interest in computer technology, you’re in luck. Several of the most lucrative jobs available to online college graduates are roles in the computer science or information technology field. Computer science is a broad field related to computer technology that encompasses the theory, design and development of computers and computer programs. Online students of computer science focus more on computational theory than their peers in related areas like computer engineering and more on the design of networks, operating systems and software programs than their peers in the computer information technology or computer information systems fields. Online degrees in computer science and related fields of study exist at both the bachelor’s degree and master’s degree levels. Among the areas you might study when pursuing online degrees in computer science are algorithms, computer programming languages, artificial intelligence, software development, computer systems and networks, cybersecurity, databases and numerical data analysis. The median annual salary the Bureau of Labor Statistics (BLS) reported for jobs in the computer and information technology field as of 2022 was $85,000. Computer science management positions are some of the highest-paying roles you can get with this online degree. For computer and information systems managers, the BLS reported a median annual salary of $159,010 as of 2021. It isn’t only management roles in computer science that pay well. Jobs that require strong analytical skills, too, tend to be lucrative. For example, the median salary the BLS reported for the computer systems analyst occupation as of 2021 was just barely shy of the six-figure range. A computer systems analyst typically performs more analytical and technical work than professionals in computer and information systems management roles, whose work more commonly emphasizes managing computer-related projects and overseeing an organization’s computer technology workforce. High-Paying Jobs With This Online Degree: Computer systems analysts, chief technology officers and other computer and information systems managers Median Earning Potential: $99,270 (for computer systems analysts) to $159,010 (for computer and information systems managers)
3. Computer Information TechnologyIf you’re more interested in the practical applications of computer technology than the theoretical underpinnings of computer science, information technology (IT) may be a better fit for you. Work in the field of information technology tends to emphasize the selection, installation and troubleshooting of existing computer technologies for practical purposes. As a computer information technology professional, you’re likely to be involved in setting up and configuring computer networks and systems to meet an organization’s technological needs rather than designing new hardware components or software programs yourself. If you want to focus your online education more narrowly, you might consider majoring in computer information systems rather than information technology. Computer information systems emphasizes the use of computer technology for business purposes. Online degree programs in computer information systems management typically include more business coursework along with coursework in computers and information systems. This background, like a degree in computer science, can prepare students to eventually advance to high-level management roles with lucrative median salaries. Earning potential for non-management roles in this field is still high, although perhaps not as high as roles that fit under the domain of computer science. For the job of computer systems administrator, for example, the BLS reported a median salary in the $80,000 range. High-Paying Jobs With This Online Degree: Computer systems administrators, IT directors, chief information officers, and other types of computer and information systems managers Median Earning Potential: $80,600 (for network and computer systems administrators) to $159,010 for IT directors, chief information officers and other types of computer and information systems managers
4. Computer EngineeringAnother field with a great deal of overlap with computer science is computer engineering, which is essentially the application of engineering design principles to computer systems. Computer engineers design and develop computer hardware (physical components) and software (programs). Although their designs are informed by the principles and practices of math and science, computer engineers focus less on theory and more on practical design applications. In a computer engineering online bachelor’s degree program, students will typically complete core coursework in general engineering as well as classes more specific to their major. Computer engineering is a subfield within electrical and electronics engineering. Many online degree programs in computer engineering introduce students to the principles and practices of both computer hardware engineering and software engineering. Students interested in computer hardware engineering would pursue more coursework in areas like computer hardware, computer architecture, microprocessor systems and circuit boards and other components. For students interested in software engineering, courses in common computer programming languages and writing computer algorithms, including the programming of artificial intelligence software, are more relevant. Both hardware engineering and software development are lucrative fields, although skilled hardware engineers report a slightly higher median annual salary than software engineering professionals, according to data from the BLS. High-Paying Jobs With This Online Degree: Computer software developer, software engineer and computer hardware engineer Median Earning Potential: $120,730 (for computer software engineers and developers) to $128,170 (for computer hardware engineers)
5. Electrical and Electronics EngineeringComputers are far from the only aspects of electrical and electronics engineering that you can pursue through an online program. The field of electrical engineering encompasses computers and much more, from electric motors and power generation equipment to communications equipment and navigation equipment. In electrical and electronics engineering degree programs, students complete courses in information and signals, the foundations and applications of electric and electronic circuits and digital logic design. Often, students pursuing an online bachelor’s degree in electrical and electronics engineering have the opportunity to focus on a specific area of application, such as energy, optics and photonics, electronic devices, security and privacy or circuits and systems. Electrical and electronics engineering is a lucrative branch of engineering, with a median salary at or above the $100,000 mark for engineers who hold at least a bachelor’s degree. Even at the associate’s degree level, an online degree program in electrical engineering can offer considerable earning potential. An associate’s degree in electrical engineering technology can qualify you to work as an electrical and electronic engineering technologist or technician. The median annual salary for electrical and electronic engineering technologists and technicians in 2021 was $63,640, the BLS reported. That’s a considerable increase over the $963 per week, or $50,076 per year, that the BLS reported as the median earnings for American workers with only an associate’s degree. High-Paying Jobs With This Online Degree: Electrical engineering technicians or technologists, electrical engineers and electronics engineers Median Earning Potential: $63,640 (for electrical engineering technician or technologist) to $100,420 (for electrical engineers) and $104,820 (for electronics engineers)
6. Petroleum EngineeringA non-management median salary of over $130 with only a bachelor’s degree? It may sound too good to be true, but that’s what you can expect when you leverage your online college education to become a petroleum engineer. As the name suggests, petroleum engineers apply science-based principles of engineering design to the petroleum industry, and particularly to safely and efficiently extracting oil and gas deposits from the Earth. Some of the common jobs in petroleum engineering, according to the BLS, include drilling engineers, completions engineers, production engineers and reservoir engineers. In an online program in petroleum engineering, students learn about the properties of reservoir rock and petroleum fluid and the practices of logging, testing and completing the construction of wells. Lecture and laboratory work, which may be done online using simulators, allow students to grasp the principles and practices of drilling engineering, production engineering and reservoir engineering. High-Paying Jobs With This Online Degree: Petroleum engineers Median Earning Potential: $130,850 (for petroleum engineers) to $165,480 (for petroleum engineers working in management)
7. Aerospace EngineeringOnline programs in aerospace engineering, the application of engineering design principles to aircraft and spacecraft, are more popular at the master’s degree level than the bachelor’s degree level. Depending on which aspect of the field a student chooses to pursue after they complete their undergraduate degree, they may become aeronautical engineers, who design aircraft and related components, or astronautical engineers, who design spacecraft. Students pursuing a master’s degree in aerospace engineering take courses in flight dynamics, rocket propulsion, orbital mechanics, space systems and airfoil and wing theory. They also build on their existing knowledge of mechanics and dynamics acquired during their undergraduate studies with intermediate to advanced coursework in fluid mechanics, dynamics and quantum mechanics. With a median annual salary above $120,000, according to the BLS, aerospace engineering is among the highest-paying engineering fields. If your goal is to take online courses that allow you to make six figures even without advancing to a management role, aerospace engineering could be the degree for you. High-Paying Jobs With This Online Degree: Aerospace engineer Median Earning Potential: $122,270 (for aerospace engineers overall) to $128,020 (for aerospace engineers working in scientific research and development)
8. Chemical EngineeringAnother engineering discipline with a median annual salary in the six-figure range, according to the BLS, is chemical engineering. Chemical engineers apply engineering principles to solutions and innovations that pertain to chemicals – materials, processes, manufacturing equipment, safe operations procedures for facilities and more. Many online programs for chemical engineers are offered at the graduate level as an opportunity for working professionals in the field to develop advanced skills. Online students pursuing a master’s degree in chemical engineering will commonly take classes in areas like chemical engineering analysis, biochemical engineering, advanced transport phenomena, advanced thermodynamics, chemical reaction engineering, chemical engineering process modeling, bioseparations, polymer science and materials processing. A few colleges and universities offer online undergraduate degrees in chemical engineering. In an online bachelor’s degree program in chemical engineering, students can expect to complete core engineering studies, general education coursework and major-specific classes in this discipline of engineering. Major coursework for aspiring chemical engineers may include the fundamentals of chemical engineering, chemical product design, chemical engineering thermodynamics, chemical engineering reactor design, transport phenomena, process dynamics and control and experimental design. Students should be aware that some online bachelor’s degree programs in chemical engineering require on-campus laboratory work – typically condensed into a short residency period of one to two weeks during the summer – even if the rest of the coursework is conducted online. For example, three major-specific laboratory courses in the University of North Dakota‘s online Bachelor of Science in chemical engineering program must be completed in person, while other laboratory coursework may be completed online. High-Paying Jobs With This Online Degree: Chemical engineers Median Earning Potential: $105,550 (for chemical engineers overall) to $152,430 (for chemical engineers working in the engineering services industry)
9. Biomedical EngineeringTaking online classes in biomedical engineering can prepare you to make a difference and a near-six-figure median salary. Biomedical engineers apply engineering principles – including the principles of all major engineering disciplines, from chemical and electrical to mechanical – to the development of healthcare solutions and innovations. As you might expect, skilled biomedical engineers – and their life-changing and often life-saving breakthroughs – are in high demand. The BLS predicts that job opportunities for bioengineers and biomedical engineers will grow by a faster than average rate of 10% between 2021 and 2031. Online bachelor’s degree programs in biomedical engineering are interdisciplinary programs that bring together foundational coursework in areas like electrical engineering, mechanical engineering and chemical engineering, along with specialized coursework in biomedical engineering problems, biomedical instrumentation, biochemical engineering, biomaterials processing and biomedical imaging. High-Paying Jobs With This Online Degree: Biomedical engineer Median Earning Potential: $97,410 (for chemical engineers overall) to $108,690 (for chemical engineers working in the electromedical instruments manufacturing industry)
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