What Master Degrees Are In Demand – There are many reasons why people choose to have a degree. Others hope it will give them the skills and experience they need to advance in their fields. Others change jobs or careers entirely and enroll in programs to gain the educational experience necessary to make the switch. Other professionals score high on financial incentives, whether it’s a higher-paying job in their current job or a higher-paying industry.
This financial benefit can be a deciding factor for interested students, and for good reason. According to one study, graduate programs earn 20 percent more than those with only a bachelor’s degree. But there are some situations where it is not true. For example, a teacher with a master’s degree in education may earn less than an engineer or architect with a bachelor’s degree. Overall, the wage gap between those with a bachelor’s degree and those with a master’s degree is significant, encouraging many to continue their studies.
- 1 What Master Degrees Are In Demand
- 2 Online Master’s Degrees & Campus Programs
- 3 Do I Need A Master’s Degree: 4 Big Reasons To Consider
What Master Degrees Are In Demand
A master’s degree offers many benefits, including helping with career development and increasing long-term income. It also provides them with unique skills and experience that will increase their competitiveness in their chosen field. In fact, many industries such as health, education, and business want or need candidates with a master’s degree for specific jobs.
Online Master’s Degrees & Campus Programs
In addition to job benefits and financial incentives, the master’s program provides opportunities for productivity and personal development. Ultimately, this advancement may lead to a leadership position or an exciting new job opportunity. Pursuing a master’s degree should be based on individual goals and circumstances and financial incentives.
There are many sources that list the highest paying jobs in an individual country or industry. As an academic institution, we decided to break down the data. By analyzing the indicators associated with the highest paying professions, as well as data on salary and expected career growth, we have created a list of the eight master’s degrees with the highest pay in the United States.
(If you have questions about the programs below, contact an admissions counselor for more information.)
The master’s degree in business administration ranks first among the eight master’s degrees, the most important of which are the high-paying jobs that degree holders pursue. With an average salary of $105,684 for MBAs, pursuing an MBA is a natural choice for those who want to advance in a variety of business-related fields.
Which Degree Will Get You Hired?
The primary responsibilities of IT managers are planning, organizing, and managing network or computer operations for an organization. When you get a bachelor’s degree in this field to reach its potential, employees need to get an MBA, usually with a technical focus.
While some debate whether the best path to a high-level career in marketing is an MBA or a master’s degree in marketing, it is clear that the higher salary associated with this career is to get high marks. Marketing managers are responsible for promoting an organization, its products, and services.
Most MBA programs are marketing management majors, mostly in marketing. Individuals in this position come from junior-level sales backgrounds and are responsible for overseeing their organization’s sales team, including its various sales programs and processes. Along with the higher salary, another part of the job is travel, which is often required for senior staff.
Individuals in business help departments in organizations to achieve their goals. Job responsibilities and capabilities vary and may include tasks related to human resources (eg, payroll), finance (eg, budgeting) and project management. Individuals in this role must have leadership and communication skills to succeed in this role.
Master’s Degree Salary Guide (2024)
Nursing is a unique field because there are no residency or medical qualifications required for these positions, which is ideal for high-paying clinical jobs, such as doctors, physicians, and psychologists. With the increasing need for quality health care in today’s society and the dynamic nature of work, nursing is a sought after and highly paid field.
To pursue advanced careers in this career path, an individual must obtain a Master of Science in Nursing. From this degree, those who are certified often enter one of two high-paying career paths, becoming a nurse practitioner or a nurse midwife, both of which are known as “registered nurses” work.
These are registered nurses who administer intravenous and inhaled drugs to relieve pain or discomfort during surgery or other procedures.
Nurses in these roles include clinical practice, disease prevention and health management. In addition to a master’s or doctoral degree, nurse practitioners must obtain more advanced clinical training than that obtained as a registered nurse. In addition to their direct clinical health work, people in this role are known to participate in medical conferences, conduct research, and then apply that research to their clinical practice.
Do Community Colleges Offer Master’s Degrees?
Engineers with basic skills from their bachelor’s degree can earn a master’s degree in construction management. To earn this degree, engineers develop the business and management skills necessary to advance to leadership roles.
The main responsibilities of this job are to supervise the work done in architecture firms and construction companies. It often involves planning, managing, and coordinating all business activities that occur in these organizations, as well as creating technical goals and procedures for specific requirements. Whether it’s creating a new product or making sure a field project is completed, these managers work with all team members to get things done.
This high degree is directly related to a successful career in the petroleum engineering industry. Although it is a rewarding job, oil engineers pay a high price for their work due to the physical demands and the high risk environment in which they work. Experts in the petroleum engineering industry may benefit from bioengineering research. , chemical engineering, environmental protection, and even industrialization.
Engineers in this field specialize in oil and gas, researching the best methods and techniques for extracting these substances from raw deposits and old wells. This role requires time in the office performing procedures and visiting multiple locations. Other career options in this field include drilling engineer, production engineer, and reservoir engineer.
Do I Need A Master’s Degree: 4 Big Reasons To Consider
A master’s degree in finance is a popular option for students who want to consider a career in finance. In today’s job market, people with this type of qualification are in high demand because the skills learned in this type of program are easily transferable to different areas. More importantly, there is a lot of potential for job growth due to the unmet need for skilled and effective employees to manage finances, accounting practices, etc. in organizations.
Financial managers often have degrees in economics, business administration, or finance. Individuals in this role have a stake in the overall “financial health” of an organization. They create financial reports and forecasts, provide strategic advice on investments, and help the organization achieve its long-term financial goals. Financial managers are common in banks and insurance companies and often come from accountants, auditors or bankers.
Lecturers can be trained directly through a master’s degree in finance or a specialist program in actuarial science – both of which prepare students for this highly-paid job. Individuals in this position are responsible for “calculating financial returns on risk and uncertainty” through sophisticated computer programs that estimate statistics and returns. They also use these programs to assess risks associated with future events and work with clients to mitigate the negative financial impact of those risks.
To qualify, many financial advisors obtain a degree in finance or an MBA and complete the Certified Financial Planner exam. They are hired directly to manage and oversee clients’ financial affairs, including investments, insurance, mortgages, college savings, estate planning, taxes, retirement, and more. Most financial advisors work independently and consult individual client lists. Others work for an organization in the financial or insurance industry.
Best Master’s Degrees For Career Changes
A master’s degree in political science leads to careers in a variety of political fields. As it is known as an academic program, the skills acquired in this type of program are linked to other disciplines, including obtaining degrees in economics, law, psychology, and society. Although there are many other careers in public administration, public service, or federal government, the career most favored by a political science degree is as a political scientist.
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