What majors make the most money? The list of money-making abilities of New Zealand university majors is released!
Recently, the New Zealand Ministry of Education released a set of salary data for university graduates, listing the earning potential of different majors.
- IT
The data shows that graduates with an IT bachelor's degree can earn an average salary of 65,000,whichis10,000 higher than the overall average salary of $55,000 for graduates. Moreover, as their job level rises, their income will also gradually increase.
A recent labor market survey conducted by Trade Me found that the top five highest-paying jobs advertised on the website were all in the IT field, with salaries ranging from 129,485to148,582.
The Ministry of Business, Innovation, and Employment (MBIE) states that the average cost of completing a three-year IT bachelor's degree is 20,500,whiletheaverageincomeinthisindustryis88,100.
After completing three years of study, 75% of IT graduates can find employment in the field.
- Medicine
Medical-related degrees rank second with an average starting salary of $64,000.
The Ministry of Education warns that because this discipline covers a variety of job positions, there may be significant differences among them. For example, graduates in medicine, veterinary medicine, dentistry, and pharmacy earn more than 30% higher than those in nursing, rehabilitation, and public health.
To obtain a medical degree, students spend an average of $77,000, more than twice the average tuition fee.
Graduates can expect rapid salary growth in the early stages of their careers. MBIE data shows that the average salary of top medical graduates can rise to $107,000 after three years.
After completing three years of study, 93% of medical graduates can find employment in the field.
- Engineering
Engineering ranks third with an average starting salary of $63,000.
According to MBIE data, completing a three- to four-year professional study requires an average investment of 22,900to30,500.
Like most industries, engineers' salaries will increase with experience. MBIE estimates that the income of an engineering company's general manager is approximately $180,000.
After completing three years of study, 81% of engineering graduates can find employment in the field.
- Business
Business ranks fourth with an average starting salary of $59,000.
Among them, graduates with banking, finance, and related degrees earn higher salaries, at $65,000.
The average starting salary for economists is 57,000,andiftheyspecializeinthefield,theiraverageincomeisestimatedtoreach121,100.
65% of business graduates can find employment in the field.
- Creative Arts
The average starting salary for graduates is $47,000.
Performing artists earn the lowest, with only $34,100.
After graduation, 59% of performing arts graduates can find employment in the field.
