Student loans are a fact of life for the students who are pursuing a medium- to high-paying job in most any industry. Most students find challenges when they try to find jobs in their chosen industry with matching what they think they should be making as opposed to what their career actually pays.

Some banks will finance student loans to go out as far as 10-15 years with an interest rate often as low as 6%. The terms on loans are also due for repayment sometimes within six to twelve months after graduation, even if there is no job in sight!

How can you prepare for those student loan repayments while you’re still in college? The best way is to choose your major carefully, ensuring that the job you get after graduation will be enough to repay the loan, and maybe even have some left over for “living.”

Following is a list with national rankings of some of the highest paying jobs. This list will help you decide which lucrative majors to choose from:

Career: Software Architect

Ranking as the number one career with an average salary a little over $100k, a software architect is the person who designs codes that advance a business’ goals for its business platforms and software.

Ranking: 1

Major: Architectural Science

Average Salary: $119,000

Career: Management Consultant

The consultant is called in to help a company find ways to operate more efficiently and create better systems of operations.

Ranking: 3

Major: Business Administration/Management

Average Salary: $117,000

Career: Sales Director

Sales directors manage and oversee salespersons for various corporate organizations and small to medium businesses. Their job consists mainly of managing a company’s sales and marketing efforts and implementing strategies and ideas to increase sales, and the job requires excellent management and business skills.

Ranking: 8

Major: Business Administration/Sales and Marketing

Average Salary: $142,000

Career: Dentist

Dentistry is a very popular area of specialty, and dental students can choose from pediatric to geriatric dentistry as individualized concentrations.

Ranking: 12

Major: Dentistry

Average Salary: $142,000

Career: Software Engineer

A software engineer creates designs coding systems for various computer applications. They may work for Fortune 500 companies, or strike out on their own as entrepreneurs. They work in conjunction with software architects and computer-related technicians.

Ranking: 18

Major: Computer Science/Information Management

Average Salary: $144,000

Career: General Surgeon

While it is one of the lower ranking careers in terms of the number of people in that field, it is one of the most lucrative ones as well. Four to eight years of medical school may be all that’s required for a general surgeon, whereas a specialist will need to attend longer. Specialists eventually will make more money in their area of expertise.
Ranking: 75

Major: Medicine

Average Salary: $260,000

CONCLUSION

Of course, it’s best to determine your major early, well before student loan repayments become an issue. Choose a major that interests you and one where you can create an income salary that not only makes you happy, but also helps you pay down those loan debts quickly!