{"id":248401,"date":"2018-05-30T17:52:13","date_gmt":"2018-05-30T15:52:13","guid":{"rendered":"https:\/\/businesstech.co.za\/news\/?p=248401"},"modified":"2018-05-30T17:52:13","modified_gmt":"2018-05-30T15:52:13","slug":"the-best-degrees-in-south-africa-if-you-want-to-make-the-most-money-2","status":"publish","type":"post","link":"https:\/\/businesstech.co.za\/news\/wealth\/248401\/the-best-degrees-in-south-africa-if-you-want-to-make-the-most-money-2\/","title":{"rendered":"The best degrees in South Africa if you want to make the most money"},"content":{"rendered":"

Career and job information platform, PayScale has compiled a list of bachelor degrees which have the highest earning potential<\/a><\/strong>, showing that STEM fields (science, technology, engineering and mathematics) degrees will get you onto the high-earners list.<\/p>\n

PayScale’s data shows that engineering comes out on top, with early career salaries paying out between $60,000 and $94,000 per year – shooting up to as much as $175,000 as you gain more experience.<\/p>\n

Salaries for those who graduate with a mathematics degree can go as high as $131,700 per year based on experience, and for science degrees, as high as $122,000.<\/p>\n

PayScale\u2019s top 10 Bachelor\u2019s degrees, based on earning potential<\/strong><\/p>\n

    \n
  1. Petroleum Engineering<\/li>\n
  2. Actuarial Mathematics<\/li>\n
  3. Actuarial Science<\/li>\n
  4. Nuclear Engineering<\/li>\n
  5. Chemical Engineering<\/li>\n
  6. Marine Engineering<\/li>\n
  7. Economics and Mathematics<\/li>\n
  8. Geophysics<\/li>\n
  9. Cognitive Science<\/li>\n
  10. Electrical Power Engineering<\/li>\n<\/ol>\n

    PayScale’s ranking is more directly tied to US-based jobs, but South African salary data reflects the similar trends.<\/p>\n

    For example, PayScale’s salary data for median salaries across South Africa’s three major metros (Johannesburg, Cape Town and Durban) shows that engineering degrees are second only to MBAs in potential earning power.<\/p>\n

    The table below outlines the median salaries of the degrees with the highest earning potential in South Africa.<\/p>\n

    The PayScale data is also backed up by the recent CareerJunction Salary survey, which also showed engineering (and high level finance) jobs as some of the highest-paying in the country. Numbers have been rounded.<\/p>\n

    \n
    \n\n\n\n\n\n\n\n\n\n\n\n\n
    Qualification<\/th>\nMedian Salary<\/th>\n<\/tr>\n
    Master of Business Administration (MBA)<\/td>\nR741 720<\/td>\n<\/tr>\n
    Master of Engineering (MEng)<\/td>\nR528 530<\/td>\n<\/tr>\n
    Doctor of Philosophy (DPhil)<\/td>\nR500 000<\/td>\n<\/tr>\n
    Bachelor of Engineering (BEng)<\/td>\nR418 400<\/td>\n<\/tr>\n
    Master of Commerce (MCom)<\/td>\nR399 900<\/td>\n<\/tr>\n
    Master of Science (MSc)<\/td>\nR379 180<\/td>\n<\/tr>\n
    Bachelor of Accounting (BAcc)<\/td>\nR372 340<\/td>\n<\/tr>\n
    Bachelor of Science, Mechanical Engineering (BSME)<\/td>\nR371 350<\/td>\n<\/tr>\n
    Bachelor of Science, Computer Science (BSc CS)<\/td>\nR369 000<\/td>\n<\/tr>\n
    Bachelor of Science (BSc)<\/td>\nR318 280<\/td>\n<\/tr>\n<\/tbody>\n<\/table><\/div>\n<\/div>\n

    The table below highlights 10 of the highest paying jobs in South Africa according to CareerJunction’s latest salary review, as well as the field it falls under.<\/p>\n

    \n
    \n\n\n\n\n\n\n\n\n\n\n\n\n
    Job<\/th>\nAverage monthly salary<\/th>\nAverage annual salary<\/th>\n<\/tr>\n
    Environmental engineer<\/td>\n\u00a0Engineering<\/td>\n\u00a0R911 290<\/td>\n<\/tr>\n
    Civil engineer<\/td>\nEngineering<\/td>\n\u00a0R897 350<\/td>\n<\/tr>\n
    Structural engineer<\/td>\nEngineering<\/td>\n\u00a0R856 520<\/td>\n<\/tr>\n
    IT management<\/td>\nICT<\/td>\n\u00a0R819 370<\/td>\n<\/tr>\n
    Financial management<\/td>\nFinance<\/td>\n\u00a0R811 840<\/td>\n<\/tr>\n
    Plant manager<\/td>\nManufacturing<\/td>\n\u00a0R746 260<\/td>\n<\/tr>\n
    Chartered accountant<\/td>\nFinance<\/td>\n\u00a0R729 540<\/td>\n<\/tr>\n
    Quantity surveying<\/td>\nConstruction<\/td>\n\u00a0R722 720<\/td>\n<\/tr>\n
    Electrical engineer<\/td>\nEngineering<\/td>\n\u00a0R717 500<\/td>\n<\/tr>\n
    Technical and business architect<\/td>\nFinance<\/td>\n\u00a0R707 770<\/td>\n<\/tr>\n<\/tbody>\n<\/table><\/div>\n<\/div>\n
    \n

    Read:\u00a0The biggest salary increases in South Africa in 2018<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

    Career and job information platform, PayScale has compiled a list of bachelor degrees which have the highest earning potential, showing that STEM fields (science, technology, engineering and mathematics) degrees will get you onto the high-earners list.<\/p>\n","protected":false},"author":10,"featured_media":234079,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9880],"tags":[26],"class_list":["post-248401","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-wealth","tag-headline"],"_links":{"self":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/248401","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/users\/10"}],"replies":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/comments?post=248401"}],"version-history":[{"count":3,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/248401\/revisions"}],"predecessor-version":[{"id":248417,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/248401\/revisions\/248417"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media\/234079"}],"wp:attachment":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media?parent=248401"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/categories?post=248401"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/tags?post=248401"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}