The highest paying master’s degrees provide graduates with the knowledge necessary to establish long term and lucrative careers as successful professionals within a number of dynamic industries. Master’s degrees within engineering, business, science, computer and information technology, and health care fields offer graduates increased employment options and many advancement opportunities. Online masters degrees can also lead to high paying careers and many online masters programs are the fastest online graduate program options and can open up many career paths.
The following highest paying master’s degrees offer students the knowledge required to qualify as professionals with refined skills, vital experience, and a secure educational foundation necessary to establish successful careers in dynamic industries. Our ranking methodology for these masters programs is based upon the most recent information available from the U.S. Bureau of Labor and Statistics, MSN Careers, Master Degree Online, and Forbes.
- Forbes: Best Master’s Degrees for Jobs
- Master Degree Online
- U.S. Bureau of Labor and Statistics
- MSN Careers
Ranking the Top 10 Highest Paying Master’s Degrees
1. MBA – Master’s in Business Administration
A Master of Business degree offers graduates the professional skills and educational basis necessary to gain employment as a Chief Executive Officer within dynamic global business industries. MBA degrees offer graduates the ability to act as leaders within the world’s top businesses utilizing strategic planning, management, marketing, finance, and entrepreneurial skills and knowledge. Earnings for graduates with MBA range significantly and depend upon the organization of employment, related work experiences, and area of specialty. CEOs earn an average of $158,560 yearly.
2. Engineering – M.S. in Engineering
A master’s degree in Engineering offers graduates the ability to qualify as Engineering Managers planning, developing, or coordinating research in architectural, manufacturing, construction, production, and other technology industries. Earnings for graduates with Master’s degrees in Engineering who work within various industries as engineering managers earn $117,000 annually.
3. Petroleum Engineering – M.S. in Petroleum Engineering
A master’s degree in Petroleum Engineering offers individuals the ability to act as petroleum engineers developing methods of oil and gas production and extraction. Additionally, petroleum engineers focus upon increasing extraction of diminishing oil and natural gas in the most cost-effective production techniques. Petroleum engineers generally have salaries of $114,080 yearly.
4. Physics – M.S. in Physics
A master’s degree in Physics provides the educational basis within research, development, economic, educational, and manufacturing industries. Researchers who study and determine the laws governing energy, motion, structure, and interactions of particles and matter as well as develop materials, electronics, medical equipment, and other technologies. Many graduates begin employment as researchers and gain promotions to physicist positions upon completing the required training and experience. Earnings for physicists are $110,640 annually.
5. Pharmacy – Master’s in Pharmacy – MPharm
A Master of Pharmacy degree qualifies graduates for employment as pharmacists within drug stores, hospitals, and other health care facilities. Pharmacists work closely with physicians to administer medication to patients and offer advice regarding drug interactions, dosing instructions, and other health issues. Pharmacists have the potential to earn $106,410 yearly.
6. Human Resources – Master’s in Human Resources or MBA in Human Resources
A Master’s in Human Resources or a dual Masters in Business Administration and Masters of Science in Human Resources Management allows graduates to lead and direct staff within a number of organizations. Human resource managers are responsible for enhancing productivity, offering training, recruiting talent, and devising means of increasing the overall efficiency of a business through strategic planning. Earnings for most human resources managers generally are $99,180 annually.
7. Economics – M.S. in Economics
A Master’s in Economics offers individuals the ability to specialize studies within labor economics, econometrics, and international economics to gain employment within governmental agencies, consulting firms, research organizations, or financial institutions as economists. Economists conduct research and monitor trends in raw material, land, labor, machinery, and other resources to forecast energy costs, taxes, inflation, interest and exchange rates, employment levels, and business cycles. Economists have the potential to earn salaries of $83,590 yearly.
8. M.S in Physician Assistant Studies, Health Science, or Medical Science
A master’s degree in Physician Assistant Studies, Health Science, or Medical Science qualifies graduates to work as Physician’s Assistants within the dynamic health care industry. Working closely under the supervision of doctors, physician assistants perform clinical work by diagnosing, treating, and providing preventative health care to patients. Physician assistants also interpret test and x-ray results and prescribe medication as well as offering administrative support by supervising technicians and assistants. Physician’s Assistants typically earn $81,230 annually.
9. Health Administration related – M.S in Health Services Administration, Health Sciences, Public Health, Public Administration, or Long-Term Care Administration
A master’s degree in Health Services Administration, Health Sciences, Public Health, Public Administration, or Long-Term Care Administration provide individuals with the ability to work as Medical and Health Services Managers, Healthcare Executives, or Healthcare Administrators. Medical and Health Services Managers supervise the delivery of healthcare while planning, directing, and coordinating staff, technological innovations, staff restructuring, and the quality of patient care. Salaries for Medical and Health Services Managers are generally $80,240 yearly.
10. Computer Science – M.S. in Computer Science, Information science, or Information Technology
A master’s degree in computer science, information science, or information technology offers candidates the ability to gain employment within computer systems design and services industries as Database Administrators. Most database administrators are qualified to work within many industries though generally for Internet service providers, data processing organizations, hosting services, and Web search portals. Database administrators earn salaries of $72,900 annually.