What is the average salary
with a master’s degree?
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Many students ask about the average salary with a master’s degree. Read this student guide from Online Masters Colleges (OMC) that provides the answer for this question.
Frequently Asked Questions
What is the average salary with a master’s degree?
The average salary of an individual with a master’s degree varies based on several factors.
What is the average salary with a master’s degree? – Details
The answer to this question is highly subjective. Salaries vary widely depending on the field of study, the job position, the candidate’s work experience, and the geographical location. In general, people with advanced degrees, such as master’s, tend to earn higher salaries than those with only an undergraduate degree. However, many other factors affect pay, so it is difficult to determine the exact average salary of those having a master’s degree. There are also a few instances where a master’s and bachelor’s degree holder’s salaries are almost similar.
Nevertheless, as an indicator, here is a list of popular master’s degrees and their average salary compared to bachelor’s degrees:
| Degree/Major | Bachelor’s Average Starting Salary | Master’s Average Starting Salary | Differential % |
|---|---|---|---|
| Biology | $37,182 | $69,353 | 87 |
| Business Administration/Management | $54,392 | $82,372 | 51 |
| Human Resource Management | $47,860 | $68,272 | 43 |
| Psychology | $37,006 | $52,789 | 43 |
| Public Health | $44,017 | $60,624 | 38 |
| Social Work | $35,622 | $48,711 | 37 |
| Computer Science | $78,603 | $104,081 | 32 |
| Management Information Systems | $62,429 | $82,555 | 32 |
| Special Education & Teaching | $41,772 | $52,105 | 25 |
| Finance | $59,809 | $68,678 | 15 |
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