Highest Paying Master’s Degrees
Monday, August 9, 2021
If you are considering pursuing a Master’s degree because you want to earn your earning potential, you should know which are the highest paying master’s degrees. Find out here.
Choosing one degree to study is never an easy decision to make, and this not only applies to bachelor’s degrees. When the time of studying a master’s degree comes, we may have it a little easier than with a bachelor’s degree, because masters are a little narrower. However, within a field of study, there might be tens of options available, which is why it is not easier at all. And if you want to switch careers, the decision is even more difficult.
Master’s degree graduates typically earn more money than their bachelor’s degree peers. This is mainly because increasing their knowledge and skills is synonymous with increasing their professional worth, which means employers will value them more and, in turn, praise them with higher salaries.
If you are interested in earning a master’s degree so as to earn more money, you should be aware of the degrees that have the highest earning potential.
Top 6 Highest Paying Master’s Degrees
1. Master of Science in Nursing (MSN)
This is an advanced postgraduate degree aimed at registered nurses. Nurses are well-paid because they are one of the most important professionals in the healthcare system. They play a vital role in any medical facility, as they are in charge of taking care of patients, communicating with doctors, administering medicine, checking vital signs, among other very important duties. This degree may lead to a career as a nurse educator, nurse manager, nurse administrator, health policy expert, and clinical nurse leader.
2. Master of Public Administration (MPA)
These professionals are eager problem-solvers that work to face today’s challenges in society, whether at the local, national or international level. This master’s degree enables graduates to work in government agencies, private or public administration companies, among other related institutions.
3. Master of Science in Computer Science
Professionals with this master’s degree can work in any technology-related area within a company, a government or any other organization. A master’s degree in computer science provides students with a wide range of skills that are applicable in any technology-driven field. They learn advanced math, statistics, computer coding, software development, programming, networking, etc.
4. Master of Economics (M.Econ., M.Ec., MS in Economics)
Economics graduates review data in great detail, perform advanced calculations, and develop logical conclusions. Professionals with this master’s degree have analytical, critical-thinking and writing skills that are extremely valuable for any company. Students also learn how to apply both quantitative and qualitative economic analysis to solve problems in any organization.
5. Master of Finance
Master of Finance students obtain the knowledge and skills needed to pursue a career in management and administration in the area of finance. They can also work in areas such as corporate finance, investment banking, private wealth management or accounting.
6. Master of Engineering (M.Eng.)
This is one of the highest paying master’s degrees because these professionals are in charge of innovating in their fields, meaning they contribute to the development of the world. With a Master of Engineering, graduates can go on to apply the knowledge and skills they developed in the real world. M.Eng students may choose an area of specialization within engineering, such as aerospace, environmental, electrical and computer, geological sciences, operations research, and materials science and they will then pursue a career in the specialization they chose.