Thursday 29 September 2016

Which degree should you study to get rich quick?

Published 15/06/2015 | 12:21

The study involved the analysis of over 55,000 university graduates.
The study involved the analysis of over 55,000 university graduates.

A new salary benchmarking study has revealed the degrees that make you the most money within five years.

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Economics graduates make the most money in the five years after finishing university, a new UK study has revealed.

Research conducted by UK salary benchmarking company Emolument found that those who studied economics in university earn ear an average of €62,000 within five years of graduation.

The study involved the analysis of over 55,000 university graduates.

Graduates who leave college with a law degree are the second most lucrative degree earning an average of €57,000 within five years.

Maths and statistics (€53,000), chemistry and natural sciences (€52,000) and accounting, business and finances (€51,000) were also rated highly in the list of most lucrative degrees.

Meanwhile, those who leave college with a fine arts degree don’t fare as well as the pocket heavy economics graduates, as they’re expected to earn €44,000 by the time five years have elapsed after university.

In the long term, accounting, business and finance professionals earn the most and after 15 years in their chosen career earn an average salary of €176,000.

Economics graduates continue rolling in the big bucks and reach a salary height of €174,000 after 15 years.

Those who leave university with a management degree earn just under €50,000 after five years but after 15 years their salary is boosted to €146,000.

Those who want to make a beeline for the big bucks might just be better off skipping university all together, as a recent survey found that almost a third of the world’s wealthiest people are not university graduates.

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