What is the Highest Paying Master’s Degree? You may consider pursuing a master’s degree once you have a bachelor’s degree in hand after a few years of hard study.
In addition to learning a lot more about your chosen subject, this is often a sure-fire method of earning more money in your career.
We’ve taken a look at the highest paying master’s degree, as well as some ideas of what you might earn with a master’s in that field.
Top 10 Highest Paying Master’s Degree in 2021
Read on to discover our round-up of the Top 10 Highest Paying Master’s Degree.
Please note that salaries are shown in US dollars. Why? Based on the best salaries in the world, this information has been compiled in US dollars — which is considered to be the global currency. Plus, US salaries tend to be the highest.
An average US salary of $50,000 is an indication of how much a master’s degree can boost your career earnings. These fields will all see you earning at least twice that amount!
1. Business Administration
Making money is the purpose of a business. If you work for a business, becoming “The Boss” is the best way to earn money. Having a Master of Business degree – MBA as it is commonly called – can help you become a manager or even CEO.
You’ll study business strategy, marketing, finance, and, of course, management while earning your MBA. After graduation, you have a very low chance of becoming a CEO for a large corporation, but if you wait a few years, you might achieve that goal.
Typically, graduates’ salaries vary, but the average CEO salary in the United States is about $170,000. This makes it the Highest Paying Master’s Degree.
2. Engineering
The master’s in engineering will enable you to rise the engineering company hierarchy much as the MBA did.
Having said that, it is not to imply that an Engineering undergraduate degree is worthless – it is anything but. You will learn critical thinking, planning, and development skills as well as cross-industry critical thinking in your master’s program.
You could earn around $120,000 per year as an engineering manager with this degree. This makes it the highest-paying master’s degree!
3. Petroleum Engineering
The world of fossil fuels is the focus of yet another Engineering master’s degree. Those giant fossil fuel corporations need to figure out how to extract oil and gas more efficiently and affordably since their days are numbered.
While we won’t get into the ethics of the whole industry here, it’s worth mentioning that petroleum engineers make a lot of money. How much, you ask? The annual salary is just north of $110,000.
4. Physics
Physicists study the very atoms, energies, matter, motion, and all the other fundamental elements of the universe. Work like this is not easy! Accordingly, those at the top of their field tend to make a lot of money.
Additionally, they don’t just work in academia. You might eventually work anywhere cutting-edge products are created, such as in medicine, computer technology, textiles, or electronics.
Physicists earn an average of $110,000 per year.
5. Pharmacy
Providing medication to the population is a pretty big responsibility, and it isn’t easy to become qualified to make such important decisions.
You’ll help doctors decide which treatment course patients should take as pharmacists. Your responsibility will also include informing doctors about certain drugs’ side effects and benefits.
Despite its size, this job comes with a nice salary. In the US, pharmacists earn anywhere from $90,000 to $160,000, with some earning more than $160,000! This makes it the highest-paid master’s degree.
6. Economics
There seems to be something related to Economics in every article we write about making the most money. It’s no surprise, since understanding how wealth works is a pretty good way to become wealthy yourself.
Your undergraduate degree takes on new meaning with a master’s in Economics. By exploring the rabbit holes of labor economics, econometrics, and international economies, you will graduate with a degree that qualifies you to work for financial institutions, consulting firms, and even governments.
In general, economists’ salary ranges from $115,000 to $150,000 per year. The master’s degree is among the highest paying we offer, which is why it rates so highly!
7. Human Resources
HR staff has a long history of sarcasm regarding the utter boredom of their jobs, but this isn’t quite the right attitude.
A company’s HR department is responsible for managing many employees, increasing their happiness and productivity while recruiting talent, and providing staff training. A company’s HR staff greases the wheels and keeps things running smoothly.
You may be able to earn an annual salary of around $100,000 with a master’s in Human Resources.
8. Health Administration
This one’s a little confusing since there are many modifications of Health Administration master’s degrees. These could be prolonged to incorporate the likes of Public Health and Long Term Care Administration.
The point though is that these kinds of master’s degrees enable you to become a supervisor in the world of healthcare. Hospital executive, health assistance manager, the list goes on.
You’ll be expected to be much more than just a doctor in these kinds of roles, managing the running of health-related companies and organizations.
The hard work pays off though, with health service administrators earning around $80,000 per year on average.
9. Health Sciences
Another master’s degree with a lot of modification, but the main idea is that you’ll be concentrating in a specific area of medicine intending to step into a more managerial or administrative role.
Just as above, people with Health Sciences master’s degrees tend to make around $80,000 a year. This makes it one of the Highest Paying Master’s Degree out there!
10. Computer Science
Our final entry should come as no wonder. Big tech effectively runs the world today, and without specialists in the computer world, they’d be lost.
A master’s in this subject teaches you how to produce and troubleshoot computer systems, come up with effective algorithms, administrate large-scale databases, and build innovative software and hardware.
It’s difficult to pin down a medium salary here, but computer scientists tend to start their professions off with around $70,000 a year, and often earn more than double that figure midway through their professions.
So if you’re looking at the Highest Paying Master’s Degree, Computer Science is one to consider!
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