Engineering college majors can become homeowners in the shortest amount of time compared with those who earned other college degrees, according to a realtor<\/a>.com\u00ae analysis.<\/p>\n Read more<\/strong>: Court College Grads: Here’s Why<\/span><\/p>\n<\/blockquote>\n Engineering majors become homeowners, on average, in 2.6 years following graduation. Petroleum engineering majors earn a starting salary of $96,700, according to Payscale.com. The study estimates that they can, therefore, potentially save $19,340 a year, which could amount to a 20 percent down payment on a $250,000 home in about two-and-a-half years, according to realtor.com\u00ae\u2019s study.<\/p>\n \u201cWhen it comes to homeownership, degrees in engineering really pay off,\u201d says Joe Kirchner, senior economist at realtor.com\u00ae. \u201cWhile this analysis leverages averages and assumptions, it shows just how powerful a high starting salary can be when it comes to early homeownership.\u201d<\/p>\n Additional degrees with short time spans to homeownership include physician assistants (2.9 years); computer science (3.5 years); chemical, computer, mining, or nuclear engineering (3.6 years); and electrical engineering, electronics, and communications engineering or electrical and computer engineering (3.7 years).<\/p>\n On the other hand, education majors may have one of the longest waits to homeownership. Education college majors average seven years saving for a down payment, according to the analysis.<\/p>\n Source: \u201cDegrees With the Shortest Savings Path to Homeownership,\u201d RISMedia (May 17, 2017)<\/em><\/p>\n<\/div>\n<\/div>\n [ad_2]\n
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