10 Top-Paying Jobs With A Master’s Degree

If you are wondering whether or not a master’s degree is worth going the extra mile for, consider these jobs and salaries that make the most dollar.

Side Note: These numbers are based off the Bureau of Labor Statistics, which is part of the United States Department of Labor. Master’s in Business Administration (MBA) was not a part of this list so additional information was added at the bottom to cover that option as well.

10. Education Administrator (Postsecondary Schools)

Salary: $88,580

Previous experience: 5 years or more

On-the-job training: None

Projected job openings through 2024: 83,800

Description: Education administrators for postsecondary schools work in colleges to determine the amount of spots available for potential students. They travel to different high schools in the district or sometimes across the country to give speeches, answer questions and urge qualified students to apply. Education administrators may also screen applications to determine which students will get accepted.

9. Education Administrator (Elementary and Secondary School) 

Salary: $90,410

Previous experience: Less than 5 years

On-the-job training: None

Projected job openings through 2024: 66,100

Description: Education administrators for elementary and secondary schools develop academic programs, monitor progress for both students and teachers and manage the everyday activities at their school. They also train and mentor teachers, administer record keeping, manage career counseling and maintain good rapport with parents.

8. Nurse Midwife 

Salary: $92,510

Previous experience: None

On-the-job training: None

Projected job openings through 2024: 2,500

Description: Nurse midwives work mainly in hospitals and free-standing clinics to aid women in all of their stages of pregnancy, childbirth and post-delivery.They also diagnose and treat women with acute and chronic illnesses along side obstetricians and gynecologists.

7. Psychologist 

Salary: $94,590

Previous experience: Less than 5 years

On-the-job training: None

Projected job openings through 2024: 69,800

Description: Psychologists can be very general or very specific and their duties will depend on that specialty. They can work at clinics, schools, or individual businesses. Some of the specific types of fields in psychology are developmental, forensic, research, industrial-organizational, clinical, school and social.

6. Physician Assistant

Salary: $98,180

Previous experience: None

On-the-job training: None

Projected job openings through 2024: 50,000

Description: Physician assistants gage patients’ health through physical examinations, asking specific condition-related questions, and analyzing the previous medical history. They also document patient care services, perform therapeutic procedures, instruct and council patients on treatment and comply with federal, state as well as local legal physical care requirements.

5. Nurse Practitioner 

Salary: $98,190

Previous experience: None

On-the-job training: None

Projected job openings through 2024: 74,700

Description: Nurse practitioners have many duties that can vary depending on which specialty is chosen but in general they diagnose, treat and help patients manage their illnesses. They also conduct physical examinations and analyze the patient’s medical history. Some of the specialties that are available to nurse practitioners are pediatrics, primary care, geriatrics, psychiatric care and oncology. In general

4. Economist 

Salary: $99,180

Previous experience: None

On-the-job training: None

Projected job openings through 2024: 7,000

Description: Economists come up with methods for obtaining specific data as well as ways to interpret that data. They use various sampling techniques to conduct different types of surveys, give economic advice as well as evaluate past and present economic situations to determine the future trends.

3. Political Scientist 

Salary: $99,730

Previous experience: None

On-the-job training: None

Projected job openings through 2024: 700

Description: Political scientists collect and analyze various data from sources such as public opinion and election results. They report on their findings in written reports, published articles and even verbal presentations. Political scientists also look over historical documents and reports to develop theories as well as political, economical and social forecasts.

2. Mathematician 

Salary: $111,110

Previous experience: None

On-the-job training: None

Projected job openings through 2024: 1,300

Description: Mathematicians typically apply mathematical theories and formulas to solve practical problems in engineering, business and science. They also develop statistical models to analyze data, interpret that data and submit reports using their analyses. Ultimately these evaluations are used to improve various aspects of businesses and increase their efficiency. Mathematicians also teach subjects such as elementary math, algebra, geometry and calculus in almost every level of education.

1. Nurse Anesthetist

Salary: $157,140

Previous experience: None

On-the-job training: None

Projected job openings through 2024: 16,400

Description: Certified Registered Nurse Anesthetists, also known as CRNAs mainly administer anesthesia to patients. Due to the large amount of legal requirements and regulations, administering anesthesia is one of the highest paid jobs with a master’s degree. CRNAs evaluate patients, review medical history and figure out the proper method and dosage of anesthesia to administer. They also monitor patient’s vital signs to comply with safety standards and attend to the patient’s needs prior, during and after their surgery has taken place.

Honorable Mention: Business Administration (MBA)

The reason why MBA is an honorable mention is because the salaries vary depending on which school you go to and which line of business you want to apply your MBA in. Therefore it is more difficult to place an MBA among the top ten as there are many variables associated with that major. The following is a short list of possible jobs and salaries with an MBA. Keep in mind that these numbers are not provided by the Bureau of Labor Statistics but by PayScale, which is a company that generates salary reports.

Marketing Director (114 salaries): $62,223 – $159,013

Director of Operations (69 salaries): $63,024 – $146,449

Marketing Manager (122 salaries): $46,881 – $114,993

Senior Financial Analyst (115 salaries): $64,337 – $98,467

Human Resource (HR) Manager (85 salaries): $47,758 – $95,847

Financial Analyst (117 salaries): $46,795 – $82,182

This concludes the list of top-paying jobs with a master’s degree. Do any of these jobs suit you? Does this list make you want to put in the extra time to get a masters’s degree or do you feel like you changed your mind? Alternatively read the list of top paying jobs with a bachelor’s degree that may suit you more. Let us know what you think in the comments and we will respond.

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