People who complete a university degree have wages for entering the labor market that are 14% higher than those of their peers with only high school studies, a difference that widens to 78% throughout their professional career.
Medicine remains the best-paid career in Mexico, with a monthly salary for those who complete their university preparation of 17,846 pesos on average; educational guidance, meanwhile, is at the other end of the list, with a salary of 8,673 pesos, reveal data from the Mexican Institute for Competitiveness (Imco).
According to the Compare Careers 2022 prepared by the organization, the professional profiles for the health sector are those that lead the ranking list for the best salary level, followed by careers related to civil engineering, mining and extraction, political science, and architecture. . At the other extreme, educational guidance, teacher training and social work are those with the lowest salary level.
“Careers have different costs and job prospects for their graduates (reflected in indicators with income levels and informality or unemployment rates). That is why it is important for students to make a decision based on their interests and aptitudes, which also involves the economic panorama that they could face”, highlights the Imco.
These are the 10 highest paying careers in 2022 and their entry salary level:
- Medicine – 17,846 pesos
- Civil engineering – 15,831 pesos
- Mining and extraction – 15,776 pesos
- Political science – 15,620 pesos
- Architecture – 15,603 pesos
- Environmental sciences – 15,502 pesos
- Engineering in electricity or energy – 14,944 pesos
- Textile, object or interior design – 14,928 pesos
- Electronic engineering – 14,682 pesos
- Mechanical engineering – 14,614 pesos
Meanwhile, the 10 worst paid professional careers in this year’s measurement are:
- Educational guidance – 8,673 pesos
- Teacher training for initial or special education – 9,468 pesos
- Social work – 9,469 pesos
- Foreign languages - 10,138 pesos
- Physical rehabilitation – 10,175 pesos
- Didactics and pedagogy – 10,290 pesos
- Teacher training for primary – 10,407 pesos
- Teacher training for general programs – 10,512 pesos
- Criminology – 10,684 pesos
- Agricultural and livestock production – 10,748 pesos
To carry out this ranking, the Imco analyzes the data referring to 55 undergraduate groups and 19 technical careers. “Studying a career is an investment of time, money and effort that allows you to develop skills that the labor market values, which translates into higher income and better opportunities that increase throughout your professional career,” says the agency.
Among the findings of the 2022 comparison, the Imco highlights the following:
- The most popular majors are business administration, law, and accounting.
- Those with the lowest level of unemployment are teacher training for general programs, teacher training for primary education, and teacher training for upper secondary education.
- Those with the lowest rate of informality are teacher training for the upper secondary level, social sciences, multidisciplinary programs, and teacher training for primary school.
- Those in which there is a higher proportion of women are teacher training for preschool, teacher training for initial education and social work.
Salaries up to 78% higher
Completing a higher education program represents a specific competitive advantage in the labor market. Imco data highlights that at the level of entry into the world of work, young people up to 24 years old earn 14% more than their peers who only have high school studies. This reality can be tripled throughout the professional career.
“The return on investment increases over time: if all the workers in the country are considered, the difference in income between high school graduates and graduates increases to 78%,” details the Institute. For example, those who study Medicine earn 133% more at their income level than their peers who only finished high school.
Meanwhile, 77% of those who have a professional or technical career work in the formal market, which allows them to have access to greater benefits and benefits, in addition to being three times more likely to hold higher-ranking positions.
All this concludes, Imco, “implies greater job certainty and protection against situations such as the pandemic, in which the most prepared workers suffered the impact of the crisis to a lesser extent.”
Of every 100 students who enter the educational system, 81 continue studying high school and only 26 finish a bachelor’s degree.