Derick de Souza
Written By - Derick de Souza

Check MarkReviewed By OMC Staff

The average salary with a master’s degree is highly subjective. Salaries vary widely depending on the field of study, the job position, the candidate’s work experience, and the geographical location. Generally, 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:

What is the average salary with a master's degree?
Degree/MajorBachelor’s Average Starting SalaryMaster’s Average Starting SalaryDifference
Biology $37,182 $69,353 86.5% 
Business Administration / Management $54,392 $82,372 51.4% 
Computer / Information Technology Administration & Management$59,032$86,69546.9%
Communication & Media Studies $42,345$62,16646.8%
Systems Engineering $73,559 $106,64045.0% 
Registered Nursing $58,626$84,673 44.4% 
Psychology $37,006$52,78642.6%
English Language & Literature/Letters $38,597$54,10240.2%
Social Work $35,622$48,71136.7%

Source: Summer 2021 Salary Survey, National Association of Colleges and Employers (NACE)

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