Engineering Major vs Business Major Salary in Job Sector – The Differences

Engineering Major vs Business Major

If you’re a college graduate and thinking about getting a bachelor’s or master’s degree then it’s very important for you to decide which major you should go for. While picking a major, many students find it difficult to choose between engineering and business. These majors are different and depending on what you have selected you might go one direction than the other.   

Both engineering major and business major has demand and excellent salary range in the job sector. But the problem is what we major in has consequences that extend far beyond the foundation of knowledge we build in our early years and it became the future career. So if you are not sure about choosing an engineering or business major then keep reading the article. The below information will help you decide which major is right for you.

List of Best Engineering Majors

1. Mechanical Engineering

2. Electrical Engineering

3. Civil Engineering

4. Computer Engineering

5. Chemical Engineering

6. Biomedical Engineering

7. General Engineering

8. Industrial Engineering

9. Petroleum Engineering

10. Aerospace and Aeronautical Engineering

List Of Best Business Majors

1. Accounting

2. Advertising

3. Business Management

4. Communication Management

5. Project Management

6. E-Commerce

7. Marketing

8. Finance

9. Economics

10. International Business

11. Business Administration

12. Human Resources Management

13. Management Analysts

Why Choose Engineering Degree

There are many different career paths available for engineers and it’s a big reason students choose an engineering major over a business major. Moreover, studying engineering brings prestige. People will be like “wow” when they hear that you are an engineer. Apart from that, there are few other reasons students choose an engineering degree.

Improve The Society And The World

There are many scopes available for engineers to positively contribute to society and the world. Engineers can work on various engineering projects in many specialties that help society. You can work on cleaning up the environment, develop prosthetic limbs for those who are disabled, devise clean and efficient transportation systems, find new energy sources, reduce hunger problems, and enhance the standard of living in countries that are underdeveloped.        

Challenging Work

A career in engineering will give you challenging work. So if you love a challenge then you should pick engineering major. An engineer needs to provide a solution to many complex problems using mathematics and analysis. Moreover, it’s the duty of an engineer to convince the team and management that the solution is the best option for that specific problem.

Autonomous Working

An engineer works with several departments in a company. The work involves engaging with different levels of management. It includes a lot of flexibilities in the working process and entrusts them to accomplish their tasks independently. This type of working environment gives the engineer opportunity to explore creative ideas to meet the company’s expectations.

Creative Thinking

Engineering is a creative profession and it requires creativity to discover something or solve problems. We are living in an era of fast technological changes, so the need for engineers to think in a creative way is more important than ever. If you love asking questions, invent, explore, discover, and create products and systems then engineering majors are your best options.

Financial Security

A study showed that the architecture and engineering occupations will grow by 7% from 2016 to 2026, which is faster than average for all occupations. Moreover, it is expected that there will be 195,000 new jobs in these areas at that time. There will be more jobs for engineers than other professionals. The service of engineers will be required in renewable energy, rebuilding infrastructure, robotics, and oil and gas extraction. The median annual salary for all engineers, according to the Bureau of Labor Statistics, is $79,100. This is much higher than the median salary for all American workers at $37,600.

Why Choose Business Degree

Students prefer business degree because there are millions of job openings for business majors. Moreover, the opportunity is increasing with the development of the US economy. Bureau of Labor Statistics of the USA reports all business and financial occupations will grow by a strong 10% through 2026 which is faster than average. Below are other reasons students choose a business degree.

Increased Demand

The demand for a business professional is increasing day by day. A skilled and experienced business professional can ensure the businesses are using their resources, manpower, and money wisely. A poor investment decision can ruin your business and a business expert can prevent that from happening. The main motto of a Business professional is to develop and maintain the progress of a company.

Flexible Profile

Usually, a business professional has a flexible profile. It means the role of a business professional might differ from company to company. In some companies, a business professional might have to look after the technical side of a project while others are strictly handling the business part. So as a business professional, you have a vast range of possibilities to grow your career naturally.

Advantages Of An MBA Degree

As a business professional eventually you might get an MBA degree which will add a huge boost to your career. Getting an MBA degree will result in a higher salary and more responsibility. Companies will pay you considerably more if you earn your MBA compared to only a bachelor’s degree:

1. Financial service sales agents: $90,000 vs. $170,000

2. Financial managers: $78,000 vs. $110,000

3. Market research analysts: $65,000 vs. $90,000

4. Marketing and sales managers: $80,000 vs. $110,000

5. Managers: $56,000 vs. $76,000

6. Logisticians: $54,000 vs. $82,000

Transferable Business Skills

Having a business major will give you many skills that you can use in various circumstances in different types of business jobs. Picking a business major gives you more flexibility in your choice of work than other occupations. Below are some skills that you can learn from a business major:

1. Microsoft Excel and Office

2. Budgeting and forecasting

3. Project management

4. Business administration

5. Sales

6. Customer service

7. Accounting

Engineering Major Salary In Job Sector

MajorStarting SalaryMid-Career Salary
Biomedical Engineering$60,958$95,090
Chemical Engineering$65,618$114,470
Civil Engineering$56,152$93,720
Computer Engineering$71,007$117,840
Construction Management$55,795$103,110
Electrical Engineering$64,936$101,600
Electrical Engineering Technology / Mechatronics$55,884$86,6904
Geological and Mining Engineering and Sciences$61,977$98,420
Geospatial Science and Technology$49,571$68,340
Materials Science and Engineering$65,806$96,930
Mechanical Engineering$61,538$92,800
Mechanical Engineering Technology$56,152$99,310
Surveying Engineering$48,360$66,440

Business Major Salary In Job Sector

MajorStarting SalaryMid-Career Salary
Economics$50,100$98,600
Finance$47,900$88,300
Management Information Systems$49,200$82,300
Philosophy$39,900$81,200
International Relations$40,900$80,900
Marketing$40,800$79,600
Accounting$46,000$77,100
Business Management$43,000$72,100
Health Care Administration$38,800$60,600
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