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What is the average salary with a master’s degree?
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.
Q. What is the average salary with a master’s degree?
A. The average salary of an individual with a master’s degree varies based on several factors.
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Q. What is the average salary with a master’s degree? – Details
A. 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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Additional Resources
Here are a few additional resources that are directly or indirectly related to the question answered here:
- Why Online Masters -Learn about the advantages and benefits of an online master’s program and everything you need to know about this mode of lesson delivery.
- Master of Arts vs. Master of Science – Are you confused about which type of degree is better – the MA or the MS? Explore the differences and similarities of MA vs. MS and find the right one for you.
- Online College Courses – This comprehensive guide walks you through all aspects of online college courses and the many options they offer.
- Cost of Masters – Find out how much a master’s degree costs and understand the cost of online masters vs. traditional masters to help you decide which is best for you.
- Best Guide to Financial Aid – If the cost of a master’s degree seems high, explore the best ways to pay for college and the steps you need to take to be eligible for financial aid.