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5 Highest Paying Master’s Degrees

5 Highest Paying Master's Degrees

Students pursue master’s degree to open up a world of opportunities within their careers. A master’s degree can provide more specialized skills needed for job promotion and more advanced work. Because graduate degrees require an large investment in time and tuition money, it is useful to know which give the best long term return for the money.

A look at some of the highest paying master’s degrees can help students understand which diplomas pay off handsomely in the long run.

Electrical Engineering

A master’s degree in electrical engineering is among the most lucrative of graduate degrees. Senior level electrical engineers work with electric systems, software, and equipment to ensure that machinery works correctly. They may also design new electric systems and serve as consultants to the manufacturing industry. According to the Occupational Outlook Handbook, the median annual salary for electrical engineers is $121,000. A master’s degree in electrical engineering and technology can give students the skills needed to obtain jobs earning in the six figures.

Mathematics

A master’s degree in mathematics can give professionals the skills needed to obtain high earning public and private sector jobs. Gone are the days that mathematicians remain locked in ivory towers studying abstract principles. Modern day mathematicians work with businesses and governments to make calculations and solve real world problems using advanced math principles. The median salary for mathematicians is between $99,380 and $100,000 per year. A master’s degree in mathematics is required to get an entry level job in this exciting field.

Physics

A graduate degree in physics can enable students to obtain jobs in research, teaching, and science or technology development. Nearly all entry level jobs in physics require a master’s degree. Physicists research matter and science and remain essential players in innovating new technology. Career paths for physicists include post-secondary teacher, software developer, or director of research. The median salary for physicists is $114,000 per year.

Computer Science

A master’s degree in computer science can give students the skills needed to take advantage of numerous career opportunities in the field. Along with work experience, advanced coursework in computer science gives professionals the qualifications needed to apply to top paying positions. Careers paths for computer scientists with graduate degrees include database administration, information technology, software architecture, software development, and information science management. The median salary for computer science professionals is between $109,000 and $115,000 per year.

Business Administration

A master’s degree in business administration can give candidates the skills needed to advance to leadership positions in major companies and corporations. Students in graduate programs in business take core courses relevant to solving problems in the corporate world, including finance, marketing, accounting, strategy, and management. MBAs can go on to become CEOs of major companies, as the world’s top corporations recruit from the graduating classes of business schools. Individuals with a master’s degree in business administration can earn around $158,560 per year, with CEOs of the top companies earning up to $422,882 annually.

Earning a master’s degree can give students the qualifications needed to succeed in their chosen fields. By learning which master’s degrees pay off the most, students can make sure they receive an education that pays off well over the course of their careers.

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Nathan Cooper works as a career counselor and enjoys helping people find a satisfying career that’s best suited for them. Nathan often writes about career choices and educational requirements. He has also helped to create the Career Guide for People with Master’s Degrees.


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