The top 10 highest-paying college majors include two that offer six-figure starting salaries.

• According to Payscale's recent college salary report, petroleum engineering is the highest-paying major overall.

The value of a college education largely depends on the major you choose.

A new report by Payscale shows that college graduates earn 37% more than those with only a high school diploma. However, with the rising cost of a degree, it is crucial to consider both your field of study and future earning potential before taking out student loans to pay for college, most experts advise.

It is generally advised not to borrow more than you expect to earn as a starting salary.

Over 50% of student loan borrowers anticipate debt cancellation. The cost of attendance at some universities has increased to almost $100,000 per year. An increasing number of top colleges in the country are introducing no-loan policies.

"Considering a school or major with high earning potential could significantly reduce your student loan repayment time, making it a crucial decision for those unsure about the worth of formal education."

After factoring in entry-level salaries and median income over time, Payscale determined which majors offer the highest financial rewards.

Highest-earning bachelor's degrees

According to Payscale's college salary report, students majoring in STEM disciplines are projected to earn the most overall.

In 2024, petroleum engineering remains the highest-paying bachelor's degree, with graduates earning nearly $200,000 or more with 10 or more years of experience.

Operations research, industrial engineering, electrical engineering, and computer science are the next highest-paying majors after petroleum engineering, with starting salaries over $100,000, but lower mid-career pay.

The college salary report from Payscale utilizes data from 3.1 million alumni respondents across the country.