There is a wide variety when it comes to potential salary for master's degree-holders. Looking at the median mid-career pay and growth from early- to mid-career pay for some of the top-paying master's degrees can be a helpful way to visualize this.
Top-Paying Master's Degrees by Salary Potential
Considering the investment of time and money that goes into getting a graduate degree, it is no wonder that pay potential ranks high among the factors considered when choosing a career path. Ranked strictly by looking at the median salary of the degree-holders, the following chart outlines the top-paying master's degrees by mid-career salary potential as listed by PayScale.com using data from 2019-2020.
|General & Strategic Management||$79,900|
|Finance & Economics||$137,000|
|Computer Science & Engineering||$122,100|
|Electrical & Electronics Engineering||$114,000|
Best Master's Degrees for Salary Growth
Using 2020 data from PayScale.com, Forbes.com looked at the growth from early- to mid-career salaries for the best master's degrees and factor in other statistics such as stress and satisfaction. The chart that follows picks out the ten best master's degrees based on these statistics and gives their salary growth.
|Degree||Early-Career Pay||Mid-Career Pay|
|Communication Sciences & Disorders||$62,400||NA|
|Management Information Systems (MIS)||$64,400||NA|
|Computer Science (CS)||$84,300||$125,000|
|Physician Assistant Studies||$88,600||NA|
|Occupational Therapy (OT)||$64,200||NA|
Jobs and Salary Info for Top Degrees
The following master's degrees each offer varying career paths and salaries. According to PayScale.com data as of February 2020, individuals with one of the following three degrees commonly hold the following positions and corresponding salaries.
Master of Science in Engineering
Ranges available for the field of engineering reflect the high talent and demand for their field. For example, with an M.S. in Electrical Engineering, electrical engineers took home anywhere from $58k to $111k. With the same degree, software engineers earned a median of $85k for the year, while their partners in hardware earned an average of $86k.
Master of Science in Finance
Median salaries in finance can vary. With a M.S. in Finance, financial analysts can earn $61k. That amount changes for investment analysts, who have median incomes of $64k. Finally, finance managers will see median salaries of $91k with this degree.
Master of Science in Statistics
Statisticians with an M.S. in Statistics can expect to earn a mean salary of $81k, while risk analysts and data scientists earn median salaries of $76k and $93k, respectively, with the same degree.
If pay potential is an important factor for you when choosing a career path, then information on what degrees can lead to high salaries is invaluable. Master's degrees in various engineering fields, business fields, and healthcare fields are some of the more common subjects found among top-paying graduate degrees.