17 Master’s Degrees That Yield the Highest Salaries

July 11, 2016

2:30 pm

Education is important. It helps developing nations acquire the skills they need to further establish their economies, it helps young people contribute to their communities, and makes explaining complicated movies a lot easier. And while the debate concerning the value of college rages on, advanced master’s degrees are still one of the best ways to make an impact on a particular field. Plus, it’s a great way to guarantee you will make more money in your job when you finally enter the market.

So, how much money can you make with a master’s? Well, it obviously depends on the field. Fortunately, salary-tracking company Emolument has been recording all the information you need to know when it comes to average salaries of particular master’s degrees. They analyzed 23,866 graduates and their respective salaries across 17 fields in order to get a good picture of who is making the most and who is merely scraping by. They also tracked the difference between bachelor’s and master’s degrees in order to help you decide whether or not it’s worth it.

If you are trying to make a decision on your education future, or just want to see what you missed out on when you went to college, take a look at the list below to get an idea of how much of a difference a master’s degrees can make.

17. Humanities — 2% increase from Bachelor’s to Master’s

Bachelor’s average pay: $62,000

Master’s average pay: $64,000

16. Economics — 4% increase

Bachelor’s average pay: $97,000

Master’s average pay: $101,000

15. Fine Arts & Design — 6% increase

Bachelor’s average pay: $45,000

Master’s average pay: $48,000

14. Modern Language — 7% increase

Bachelor’s average pay: $59,000

Master’s average pay: $64,000

13. Engineering — 11% increase

Bachelor’s average pay: $64,000

Master’s average pay: $71,000

12. Media, Marketing & Communication — 11% increase

Bachelor’s average pay: $52,000

Master’s average pay: $58,000

11. Chemistry and Natural Sciences — 12% increase

Bachelor’s average pay: $59,000

Master’s average pay: $66,000

10. Architecture — 13% increase

Bachelor’s average pay: $53,000

Master’s average pay: $61,000

9. Purchasing & Supply Chain — 14% increase

Bachelor’s average pay: $52,000

Master’s average pay: $59,000

8. English Literature — 17% increase

Bachelor’s average pay: $51,000

Master’s average pay: $59,000

7. Computer Sciences — 21% increase

Bachelor’s average pay: $61,000

Master’s average pay: $74,000

6. Management & Strategy — 24% increase

Bachelor’s average pay: $61,000

Master’s average pay: $75,000

5. Mathematics & Statistics — 25% increase

Bachelor’s average pay: $87,000

Master’s average pay: $108,000

4. Law — 28% increase

Bachelor’s average pay: $68,000

Master’s average pay: $87,000

3. Physics, Life Sciences and Healthcare — 28% increase

Bachelor’s average pay: $52,000

Master’s average pay: $66,000

2. Education — 34% increase

Bachelor’s average pay: $42,000

Master’s average pay: $56,000

1. Philosophy — 45% increase

Bachelor’s average pay: $61,000

Master’s average pay: $80,000

H / T World Economic Forum

Tags:

Did you like this article?

Get more delivered to your inbox just like it!

Sorry about that. Try these articles instead!

Conor is a writer, comedian and world-renowned sweetheart. As the Assistant Editor and Writer at Tech.Co, he’s written about everything from Kickstarter campaigns and budding startups to tech titans and innovative technologies. His background in stand-up comedy made him the perfect person to host Startup Night at SXSW and the Funding Q&A at Innovate! and Celebrate, posing questions to notable tech minds from around the world. In his spare time, he thinks about how to properly pronounce the word "colloquially." Conor is the Assistant Editor and Writer at Tech.Co. You can email him at conor@tech.co.

  • Shares

Leave a Reply

  • (will not be published)
Startup_Mixology_300x250