A master’s degree in any field can tremendously boost the career prospects of any professional. However, there are some masters degrees that will get you jobs with higher salaries than others. A masters in a liberal arts will put you further into debt without increasing your job prospects as much, whereas other masters degrees are very marketable and will pay off. Here are five masters degrees where you can expect a high return on your investment with a high salary:
Business Administration Master
A Master of Business Administration is one of the most popular types of degrees obtained in graduate schools. A professional with an MBA degree can expect to earn an average of more than $110,000 per year in the U.S.A and more than $130,000 a year in the United Kingdom. The main job responsibility of an MBA graduate is to manage businesses from a top level position such as executive or chief officer.
Public Administration Master
A Master of Public Administration can be applied to institutions requiring high level administration such as hospitals, government offices, schools and large organizations. In the public sector, an MPA graduate can earn an annual salary of about $100,000 when working for government executive positions. In the private sector, such as human resources direction, MPA degree holders can expect to earn just over $60,000 per year. It’s best to start networking and setting goals before you get your masters so that you have better job prospects once you earn your degree.
A Master of Law degree offers much higher salary prospects than a traditional Juris Doctor (JD) from a law school. A lawyer with an LLM degree working in the private sector can expect to earn an average annual salary of above $130,000. LLM lawyers in the public sector positions such as public defendant have an average annual salary of less than $100,000 in most states. It’s best to focus on the JD first and get some experience under your belt. This way you will be able to decide whether extended studies will help you in your career development.
Civil Engineering Master
Degree holders in Masters of Civil Engineering are often involved in large scale infrastructure projects such as bridges, tunnels, highways and other major structures. A NJIT masters in civil engineering salary is well over $100,000 per year because of the widespread job opportunities in the NY metropolitan area. The median annual salary for civil engineers with master’s degrees in the United States is just over $77,000. Even holding a Bachelor’s degree in Engineering is a highly marketable degree, and some businesses are so in need of those with advanced degrees that they will even pay for your masters degree.
A Master’s in Nursing degree is one of the most sought after certifications in healthcare. A registered nurse with a master’s degree can expect to earn an annual salary of about $90,000 when working in nurse practitioner positions at hospitals. A nurse anesthetist can earn above $150,000 per year when helping surgeons with anesthesia.
Getting a master’s degree is a great way to move forward and advance in your career. An investment in a master’s degree is worthwhile in the long term if you are working in a highly marketable field. You will quickly start seeing return on your investment with a higher salary and better job opportunities.