15 Masters Degrees with the Highest Paying Jobs
Posted by: Smart || Categories: Guides
Your employment alternatives and earning potential may be considerably impacted by your education degree. Higher-paying employment are often more accessible to college grads with bachelor’s degrees than to recent high school grads. For those with master’s degrees, the same holds true. Find out which master’s degrees have the greatest salaries to see if attending graduate school will be beneficial for your career.
A Master’s Degree: What Is It?
An advanced degree in a particular field that you can obtain following an undergraduate degree is a master’s degree. A Master of Business Administration, a Master of Public Administration, or a Master of Laws are a few examples.
Some students enter graduate school right after finishing their undergraduate studies because they are aware that their desired professional path necessitates a master’s degree and specialized training. Others go back to school to increase their earning potential and expertise after several years in the workforce. Most master’s degree programs last two to three years on average to finish.
You might have better work chances, more career responsibilities, and a higher compensation with a master’s degree. One might be necessary for you to advance past a certain point in your profession, especially if a senior leadership role is what you’re after.
The typical master’s degree takes 1.5–2 years to complete for full-time students. A degree may take three or more years for part-time students to complete. Programs that need extra coursework for graduation, like action research or a thesis, may take more than two years. The majority of the top master’s programs provide an accelerated option for students without other commitments.
Increased pay potential is one reason a professional pursues a master’s degree. The average worker with a master’s degree earns around $250 more per week than a person with a bachelor’s degree, according to the Bureau of Labour Statistics (BLS). The unemployment rate for professionals with master’s degrees is also lower.
Over the past few years, the most useful master’s degrees have grown in popularity, especially with the rise of ethnic or cultural minorities. This acceptance is due to the rise of online education, which offers working students a ton of flexibility.
The 15 Master’s Degrees That Pay The Most Are Listed Below:
Increased pay potential is one reason a professional pursues a master’s degree. The average worker with a master’s degree earns around $250 more per week than a person with a bachelor’s degree, according to the Bureau of Labour Statistics (BLS). The unemployment rate for professionals with master’s degrees is also lower.
Over the past few years, the most useful master’s degrees have grown in popularity, especially with the rise of ethnic or cultural minorities. This acceptance is due to the rise of online education, which offers working students a ton of flexibility.
The 15 Master’s Degrees That Pay The Most Are Listed Below:
The finest information systems master’s degrees offer a flexible curriculum that awards an MBA yet prioritizes market-leading business intelligence software. Computer and information systems managers are responsible for identifying their company’s computer requirements, ensuring network security, and supervising other IT specialists. To get the greatest pricing, they collaborate with technology vendors as well. Additionally, through conducting original research and networking with peers, they stay up to date on the most recent technological advances.
Earnings Median: $146,360
Job Prospects for 2018–28: 11%
Possible Careers Manager of information technology (IT), software developer, and systems analyst
2. Petroleum Engineering
The greatest master’s degree holders in petroleum engineering are crucial to the extraction of oil and natural gas from subterranean sources. Surveying drilling sites, planning drilling operations, and guaranteeing the safety of other workers are typical job responsibilities. Additionally, they work together with geoscientists to identify prospective drilling challenges and solutions. These people frequently have specialties. While production engineers manage operational wells, drilling engineers supervise the drilling process and minimize its environmental impact.
Salary Median: $137,720
Job Prospects for 2018–28: 3%
Possible Careers geologist for petroleum, producer, and reservoir engineer
3. Marketing
The top marketing master’s degree programs prepare graduates for a variety of marketing-related careers. Managers of advertising, promotions, and marketing create promotional programs, create website designs, and consult with clients one-on-one about marketing strategies. These managers lead teams and research market trends in an effort to draw customers to the products or services of their clients. Promotion managers employ a similar set of abilities to create powerful offline and online advertising.
Salary Median: $135,900
Job Prospects for 2018-28: 8%
Marketing manager, advertising/promotions manager, and creative director are all potential careers.
4. Finance
The top graduate programs in finance provide students with the knowledge and abilities they need to be successful as financial directors, managers, or analysts. By investigating financial performance, overseeing employees’ activities, and examining financial trends, these specialists assist their companies in boosting earnings. Reporting to company management and keeping up with laws and regulations that affect their organization’s financial health are two more job duties. Financial experts can also focus on risk management, insurance, or credit markets.
Earnings Median: $129,890
Job Prospects for 2018-28: 16%
Jobs that could be available include financial director, manager, and analyst
5. Political Science
Political science master’s degree holders have a variety of job options, including those in politics, municipal government, and education. They perform novel research, forecast political trends, and analyze political trends regardless of their precise job title. Some political scientists begin their academic careers by teaching students and producing scholarly books and papers. Others offer advice to people running for municipal, state, or federal offices based on their expertise. They may also work for private businesses and institutions that support political campaigns and interest groups through donations.
salary: $122,220 on average
2018-28 Job Outlook: 5%
Jobs to consider include lobbyist, postsecondary instructor, and city manager.
6. Nurse Anaesthesia
When patients are sedated during surgery or another operation, nurse anesthetists support other medical professionals. They discuss medications, allergies, and other important medical information with patients and their families prior to a surgery. They give anesthesia throughout the procedure and attentively watch the patients’ vital signs. By using this, they can modify the dosage of the anesthetic such that patients don’t wake up or feel discomfort.
Earnings Median: $115,800
2018-28 Job Outlook: 26% Potential Positions: Nurse Anesthetist
7. Physician Assistant Studies
The top master’s programs for future physician assistants train professionals to collaborate with doctors and deliver healthcare to neglected areas. They are able to diagnose ailments and recommend the right drugs, just like nurse practitioners. Other responsibilities include gathering a patient’s medical history, administering immunizations, and attending continuing education classes to stay up to date with best practices. The precise tasks that physician assistants perform and whether a physician must oversee them are governed by state law.
Earnings Median: $112,260
Job Prospects for 2018–28: 31%
8. Computer Science
Computer science is one of the most useful master’s degrees since it prepares students for jobs as software developers or researchers in the fields of computers and information. Research scientists carry out experiments to evaluate new software, create and alter coding languages, and address computing difficulties. They publish their findings in scholarly journals, just like academics do. To design and maintain software, software engineers collaborate with customers. To design new features and solve issues, employees must work in collaboration with other developers.
Salary Median: $105,590
Job Prospects for 2018-28: 21%
Possible Careers Software developer and computer and information research scientist
9. Economics
Top-tier economics graduate degree holders can work as economists, data analysts, or financial analysts. These experts spot economic trends and offer predictions using their original research and mathematical expertise. They advise elected leaders and senior executives while working in both the public and private sectors. Operations research analysts can be economists who focus on a field like business, logistics, or healthcare. These analysts examine a client’s financial data and speak with employees to develop recommendations for long-term development.
Salary Median: $105,020
Job Prospects for 2018-28: 8%
Economist, data analyst, and financial analyst are all potential careers.
10. Healthcare Administration
The outcomes for patients can be improved by professionals with one of the top graduate degrees in healthcare administration. They work to increase productivity, uphold safety standards, and teach employees. Since many managers have medical backgrounds, they can effectively collaborate with physicians, nurses, and other team members. Their success depends on staying up to date with the most recent rules and laws that apply to the medical industry.
Salary Median: $100,980
Job Prospects for 2018-28: 18%
Possible careers include chief nursing officer, executive director, and healthcare administrator.
11. Mathematics
Mathematicians perform research, educate students, and serve clients using mathematical knowledge. They can conduct precise surveys, provide senior executives with advice, and work with professionals from various industries to solve issues depending on their individual job description. Mathematicians frequently work in the public sector, the medical area, and academia. With the latter, experts can instruct undergraduate and graduate students while making contributions to the subject of mathematics. In addition, mathematicians collaborate with designers and engineers in the research and development sector to create safer goods.
salary: $92,030 on average
Job Prospects for 2018–28: 30%
Mathematicians, software engineers, and statisticians are potential careers.
12. Physical Therapy
To restore mobility and independence after getting sick or hurt, people may need a physical therapist. Physical therapists analyze patients’ medical histories, develop individualized therapy plans, and guide patients through exercises they can subsequently undertake independently or with the assistance of a family member in a clinical or home setting. To create the appropriate treatment plan, they work with other medical specialists such the patients’ primary care physicians.
Average Pay: $89,440
Job Prospects for 2018-28: 22%
Possible Careers bodily therapist
13. Occupational Therapy
Occupational therapists assist patients in regaining independence and movement, much like physical therapists do. Occupational therapists, however, focus on daily activities like eating, dressing, and bathing, which is how the two professions differ from one another. Occupational therapists visit patients’ homes and places of employment in order to identify challenges and make recommendations that can improve patients’ quality of life in addition to assisting patients in mastering these skills. They can also recommend patients to other medical experts who can provide further services.
average pay: $84,950
Job Prospects for 2018-28: 18%
Possible Careers Workplace therapist
14. Civil Engineering
All forms of construction projects rely on master’s-level civil engineers. These engineers create construction plans that entail doing environmental assessments, obtaining the necessary licenses, and choosing quality building materials. Along with answering inquiries from the public and elected authorities, they also provide recommendations to local, state, and federal governments. Construction, transportation, and geotechnical engineering are among the specialties available to civil engineers. The latter speaks to knowledge of the geological features of a construction site.
Salary Median: $87,060
Job Prospects for 2018-28: 6%
Possible Careers project manager, civil engineer, and structural engineer
15. Educational Administration and Leadership
The top master’s degrees in educational leadership and administration equip administrators with the in-demand abilities they need to run a college or institution. Deans and admissions officers are under the category of postsecondary education administrators, who make decisions that affect how their institution operates. Depending on their position, they could select which candidates to accept, grant tenure to professors, and make sure that students complete the necessary prerequisites for graduation. And last, many people who work in educational leadership and administration have postsecondary teaching experience.
Payscale Median: $95,410
Job Prospects for 2018-28: 7%
Possible Careers Administrator of postsecondary education, dean, and admissions officer
The top 15 Master’s degrees in terms of pay are shown below. If you wish to get high-paying employment after finishing your education, look into master’s degree programs along these lines.
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