No single motivation drives people to continue their education past the undergraduate level. Some people look to graduate-level study to better themselves professionally; some enroll to gain the academic credentials necessary to switch professions or industries; and for others, especially working professionals, the financial benefits of earning a masters degree outweigh any other considerations. This could mean a promotion in their current field or switching to a more lucrative one. Graduates of master’s and doctoral programs can expect to earn up to 28% more than those with only a bachelor’s degree[1]. The median weekly wage for full-time workers aged 25 and over whose highest level of education was a master’s degree was $1,497, compared with $1,248 for those whose highest level was a bachelor’s degree—a $12,948-a-year wage premium[2]. But it would be good to see the paying potential for masters’ degrees. This article discusses the highest paying master’s degrees and the full details of those degrees and schools that offer the highest paying master’s degrees.
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Source – Integrated Post Secondary Education Data System & University Data
*Tuition rates are for in-state and per year. Program specific rates may apply.
**NA – data not available
Although many universities offer master’s degrees in high-potential disciplines, not all lead to high-paying careers; only some degrees at specific schools are promising. Likewise, it is also not necessary for any high-paying master’s degree to yield a fat paycheck. One must ensure that one is educated at an institution that is accredited, reputed, and recognized by the industry as providing quality education. To draw up a list of some of the top schools that offer the highest-paying master’s degrees, OMC teams factored in affordability vs. return on investment, accreditation, quality and experience of the faculty, institutional reputation, program structure and delivery, career support services, and more. Based on these and other critical components, here is a list of some of the best schools for a high-paying master’s degrees:
<a href="https://www.onlinemasterscolleges.com/highest-paying-masters-degrees/">Highest Paying</a>
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The Georgia Institute of Technology is a top 10 public research university with nearly 40,000 students who study in person at the main campus in Atlanta. Tech’s engineering and computing Colleges are the largest and among the highest-ranked in the nation. The Institute also offers outstanding programs in business, design, liberal arts, and sciences.
With more than $1 billion annually in research awards across all six Colleges and the Georgia Tech Research Institute (GTRI), Georgia Tech is among the nation’s most research-intensive universities. It is an engine of economic development for Georgia, the Southeast, and the nation.
The program for the Master of Science in Computer Science (MSCS) prepares students for more highly productive careers in the industry. Students may apply to the program if they possess a bachelor’s degree in computer science from an accredited institution. According to their prior academic record, all applicants are evaluated, scores on the Graduate Record Examination, a personal statement, and letters of recommendation. Applicants are selected for fall semester admission only. The application deadline is February 1.
Source – Integrated Post Secondary Education Data System & University Data
*Tuition rates are for in-state and per year. Program specific rates may apply.
**NA – data not available
Some of the highest-paying master’s degrees are those connected to healthcare, medicine, engineering, computer science, law, and business. However, it is worth noting that other disciplines also provide employment opportunities that command high salaries, such as Elementary, Middle, and High School Principals, Natural Sciences Managers, and Industrial Production Managers.
A variety of universities offer high-paying master’s degree programs. However, one should remember that the institution’s reputation, accreditation status, location, and program structure must be considered before choosing a specific master’s degree at a chosen university.
No. There is no guarantee that you will earn a very high salary after graduation. Most statistical figures are average estimates and calculated at the height of the career. One’s skills, work experience, exposure, certifications, the company, and other industry-specific factors will determine pay.
The median weekly wage for full-time workers aged over 25 with a master’s degree was $1,497, compared to $1,248 for those with a bachelor’s degree, representing a $12,948 annual wage premium[2].
Yes. Two graduate degrees will make you more well-rounded, help you hone high-level skills, and possibly qualify you for more jobs. But, two master’s degree does not necessarily guarantee a high-paying career.
A master’s degree is a financial investment that will eventually pay you back and help you increase your earning potential. Whether a master’s degree is high-paying or not depends on several factors; one can do a “general” master’s degree and be paid as much as a high-paying master’s degree.
Colleges may pay graduate students who work at the school via a stipend or a salary. Stipends are usually part of an assistantship or fellowship from the school.
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