A financial advisor can help you make smarter financial decisions to be in better control of your money. If your employer does not offer a 401(k) plan, an IRA is another great option. Our 401(k) calculator can help you determine what you saved for retirement so far and how much more you may need.
Some employers will also match your 401(k) contributions up to a certain percentage of your salary, meaning that if you chose not to contribute, you are essentially leaving money on the table. A 401(k) is an employer-sponsored defined contribution plan in which you divert pre-tax portions of your monthly paycheck into a retirement account. One of the best ways to save is through a retirement savings account. Take a look at our investment calculator to see how your investment in a savings account can grow over time. To do this, it is important to take advantage of compound interest by investing early. With relatively high income and earnings, many STEM workers may be able to have an early retirement. In 2018, each of these four occupations employed more than 400,000 workers each.
#STEM JOBS USA SOFTWARE#
In particular, the four largest STEM jobs in 2018 – applications software developers, computer user support specialists, computer systems analysts and systems software developers – all rank in the 10 fastest-growing STEM jobs. Many of the occupations that rank in our list of the top 25 fastest-growing STEM jobs are already fairly large. Large STEM occupations can expect continued growth.In 2018, 54.75% of STEM jobs had a computer and mathematical focus, and the BLS predicts that this percentage will increase to 56.56% by 2028. That percentage grew over the four years since and is expected to continue to grow. In 2014, 53.23% of STEM jobs fell under the category of computer and mathematical occupations. STEM jobs are shifting toward those with a computer and mathematical focus.Over the coming 10 years, the BLS expects STEM jobs to increase by 10.13%, or a rate of only 1.01% every year. increased by 7.48%, or an annualized rate of 1.45%. Over the past four years, the number of STEM jobs in the U.S. Overall growth in the STEM field is slowing.This discrepancy between the salaries in Technology and Engineering degrees compared to those in Science and Mathematics is because many graduates with degrees in Science and Mathematics go on to pursue careers in education while graduates with degrees in Technology and Engineering generally pursue careers in industry, which pays more. The truth is that only Technology and Engineering degrees pay high starting salaries over a narrow range, while the degrees in Science and Mathematics have starting salary ranges that are very wide.įor example, a graduate with a Bachelor's of Science degree in Chemistry earns a median starting salary of $40,000, which is significantly less than half of the starting salary of the top engineering Bachelor degrees. Do All STEM Degrees Pay High Salaries?Ī major myth about STEM degrees is that all STEM degrees pay high starting salaries.īut nothing could be farther from the truth! Many graduates with graduate-level degrees in non-STEM fields receive average starting salaries that are much lower than those of graduates with 4-year Bachelor's degrees in STEM fields. Year after year, STEM degrees top the charts for college degrees with the highest salaries, especially at the undergraduate level. It is no surprise that with rapid technological advancements in many US industries, there is a high demand for graduates with degrees in the STEM field, and international students are included. This work authorization is given in the form of post-completion Optional Practical Training (OPT) for up to 12 months, after which an F1 visa student could obtain an additional 24 months of work authorization, called the STEM OPT Extension. STEM degrees are very attractive to international students because they provide an opportunity - particularly for students on an F1 visa - to work in the US for up to 3 years after the completion of the degree. Why Pursue a STEM Degree as a US International StudentĪs a US international student, here are some benefits of pursuing a STEM degree.ģ Year Work Authorization After Obtaining Your STEM Degree
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