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.
The average salary of an individual with a master’s degree varies based on several factors.
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 |
You can get ahead of the curve with education and career updates. Our newsletter explores the latest articles, top-ranked online master’s degree programs, scholarships, and career salaries and outlooks.
Note: By entering your email address and clicking “Sign Me Up,” you agree to be contacted by OnlineMastersColleges.com for educational products or services. You can unsubscribe anytime.