According to a BLS study In 2013, the median annual wage for full-time workers ages 25 and over whose highest level of education was a master’s degree was $68,000, compared with $56,000 for those whose highest level was a bachelor’s degree—a $12,000 a year wage premium. But, apart from the earning potential, earning a master’s degree advances one’s chances of career development and helps you develop specialist knowledge, which helps get more job opportunities and change into a new career if one so desired. While in some occupations, you’re likely to need a master’s degree to qualify for entry-level jobs. So, in essence, doing a master’s degree would help in ways far beyond one can assess unless it was done. But it would be good to see the paying potential for the investment of time, and money one makes for doing the masters. 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.

FAQs about Highest Paying Master’s Degrees

Do the Highest Paying Masters Degrees guaranteed to get the Highest Pay?

No. The highest paid Master’s Degrees collected in this guide estimate pay if the student graduates and reaches the height of career in that field. Therefore, students need to consider many other aspects such as their skills, experience, etc.

How much does a master’s increase your Salary?

In 2013, the median annual wage for full-time workers ages 25 and over whose highest level of education was a master’s degree was $68,000, compared with   $56,000 for those whose highest level was a bachelor’s degree—a $12,000 a year wage premium. Not all workers earn a premium.

Does it help to get to higher-paying careers by having two master’s degrees?

Yes, two graduate degrees will make you more well-rounded, help you hone high-level skills, and possibly qualify you for a greater number of jobs. But it does not guarantee to land the highest paid careers.

Even without highest-paid master’s degree, are general master’s degrees worth it?

A master’s degree is a financial investment—and it could be a big one. … According to the Bureau of Labor Statistics, the average median weekly earnings for a person with a master’s degree is $1,434, compared to $1,198 for people with a bachelor’s degree and $730 for a high school diploma.

What is the average master’s degree salary?

Individuals who continue their education to the graduate level and earn their master’s degree earn an average wage of $1,497 per week or $77,844 per year. At 2.0 percent, their unemployment rate is slightly lower than bachelor’s degree holders.

Do students enrolled in the highest-paid master’s degrees students get paid?

Colleges may pay graduate students who work at the school via a stipend or a salary. Generally, the key differences between these options are as follows: Stipends are for students. You receive this funding as part of an assistantship or fellowship from the school.

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Southern New Hampshire University

PROGRAM: Online Masters Degrees

Southern New Hampshire University is a private, nonprofit, accredited institution with more than 3,000 on-campus students and over 60,000 online students, making us one of the fastest-growing universities in the country. Founded in 1932, we’ve been relentlessly reinventing higher education ever since and have gained national recognition for our dedication to helping students transform their lives and the lives of those around them.

We’re proud to provide affordable, accessible education that students can pursue on our 300-acre campus in Manchester, NH, over our innovative online platform or at our regional centers in Manchester, Nashua, Portsmouth and Salem, NH, and Brunswick, ME.

SNHU has earned the Best Buy and Best of Business – Best Online Degree awards and is consistently ranked as a top Military Friendly® School by G.I Jobs®.

Highest Paying Masters Degrees – Details

It is a general thumb rule that the ratio of the number of jobs available in the market to the number of master’s degree holders in that subject decides the paying potential of that vocation. When deciding on a career or a master’s, your interest and aptitude decide the pay. For example, if there is a field that generally isn’t the highest paying, but if someone is exceptionally well in that field, they might get paid much more than the usual highest paying jobs. Hence, it’s a combination of several factors that determines the earning potential. Some of those factors are listed below:

  • Personal interest and goals: What are you passionate about? And what goals did you set for your career?
  • Your Strengths: What are the subjects and areas that you excel in? What are your best qualities and strengths?
  • Course requirements for specific majors: Of the majors that interest you, can you meet the requirements comfortably?
  • Additional requirements: Will you need to earn another degree or certifications that will help you succeed more?
  • Compatibility: How will the masers major fit into the rest of your life? Can you handle the course load given your other responsibilities?

Apart from these personal factors, several factors determine the highest paying master’s degrees. Factors such as demand and supply, affordability of the degrees, the cost structure of the industry, and many more. We have considered all these factors and created the list of the highest paying master’s degrees. Below is a list of highest paying master’s degrees with their respective primary duties listed:

1. Master of Science in Computer Science

  • Job Title: IT Manager
  • Median Salary: $146,360 per year
  • Primary Duties: According to US News’s ‘Best Paying Jobs of 2020’ report,  this is the highest-paying non-medical role attainable with a graduate degree. The main responsibilities of IT managers include planning, coordinating, and directing online or computer-based work for an organization. Although an entry-level role in this field can be obtained with a bachelor’s degree, to reach the full career potential, employees must obtain an MBA, most commonly with a concentration in technology.

2. MBA in Marketing

3. MBA in Strategy

4. Master of Arts in Political Science

5. Master of Arts in Public Relations

6. Master of Science in Nursing

7. Master of Science in Finance

8. Masters in Healthcare Administration

9. Master of Science in Statistics

10. Master of Science in Economics

11. Master of Science in Physics

12. Master of Science in Psychology

13. Master of Science in Petroleum Engineering

14. Master of Science in Applied Mathematics

15. Master of Taxation

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

Schools that offer Highest Paying Masters Degrees – Details

While many universities offer Master’s Degrees, not all degrees are highest paid master’s degrees. In this guide, you saw the highest paid master’s degrees, and here are the schools that offer these Highest Paid Masters Degrees.

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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

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