Top 10 Highest Paying Jobs With A Masters Degree

A Master’s degree can help you gain specialized knowledge in your field, enhance your professional network and most importantly, it can significantly increase your earning potential. Many colleges and universities are currently offering a Master’s degree in a variety of fields that can lead to rewarding and promising careers.

Read this article to learn more about the top 10 highest paying jobs with a Master’s degree in the U.S. This ranking is based on the salary information presented by the US Bureau of Labor Statistics.

Nurse Anesthetists

The Nurse Anesthetist position has made it to the top of our list of the highest paying jobs with a Master’s degree. Nurse Anesthetists are responsible for administering anesthesia, overseeing the recovery of patients from anesthesia and monitoring the patient’s vital signs. The job outlook figure presented below is not only for Nurse Anesthetists, but also for the broad category of Nurse Anesthetists, Nurse Midwives, and Nurse Practitioners. It is expected that the employment opportunities for these professionals will grow by 26% from 2018 to 2028.

Annual Mean Salary, 2019

$181,040

Entry-Level Education

Master’s Degree

Job Outlook, 2018-28 (Broad Category)

26%

Top Paying State, 2019

Wyoming

$243,310

Top Paying Industry, 2019

Outpatient Care Centers

$224,630

 

Political Scientists

The Political Scientist position has taken the second spot on our list of the highest paying jobs with a Master’s degree. Political Scientists are involved in studying the operations, development and the origins of political systems. These professionals usually work with the federal government and political organizations.

Annual Mean Salary, 2019

$120,260

Entry-Level Education

Master’s Degree

Job Outlook, 2018-28

5%

Top Paying State, 2019

Virginia

$130,070

Top Paying Industry, 2019

Advertising, Public Relations, and Related Services

$134,760

Economists

These professionals are responsible for gathering, examining and researching trends. They also devise plans to address economic issues related to the distribution and production of services and goods. Economists usually work in the local, state, and the federal government. The employment statistics for these professionals are mentioned below.

Annual Mean Salary, 2019

$116,630

Entry-Level Education

Master’s Degree

Job Outlook, 2018-28

8%

Top Paying State, 2019

New York

$145,840

Top Paying Industry, 2019

Legal Services

$268,290

Physician Assistants

Physician Assistants work under the supervision of Physicians and are responsible for counseling patients and providing treatment to them. These professionals work in all areas of medicine, including psychiatry, surgery, emergency medicine and family medicine.

Annual Mean Salary, 2019

$112,410

Entry-Level Education

Master’s Degree

Job Outlook, 2018-28

31%

Top Paying State, 2019

Connecticut

$137,060

Top Paying Industry, 2019

Scientific Research and Development Services

$125,410

 

Post-Secondary Education Administrators

These professionals work for private and public schools and are responsible for overseeing faculty research, academics and student services at universities and colleges.

Annual Mean Salary, 2019

$112,400

Entry-Level Education

Master’s Degree

Job Outlook, 2018-28

7%

Top Paying State, 2019

New Jersey

$154,430

Top Paying Industry, 2019

General Medical and Surgical Hospitals

$140,350

Nurse Practitioners

The Nurse Practitioner position has taken the sixth spot on our list. Nurse Practitioners work as part of a healthcare team or independently to diagnose and treat chronic, episodic or acute illnesses. The job outlook data for Nurse Practitioners is not available on BLS, however, the job outlook data for the broad category of Nurse Anesthetists, Nurse Midwives, and Nurse Practitioners is available. It is expected that these professionals will experience an employment growth of 26% from 2018 to 2028.

Annual Mean Salary, 2019

$111,840

Entry-Level Education

Master’s Degree

Job Outlook, 2018-28 (Broad Category)

26%

Top Paying State, 2019

California

$138,660

Top Paying Industry, 2019

Community Food and Housing, and Emergency and Other Relief Services

$139,140

Nurse Midwives

Nurse Midwives are responsible for coordinating and diagnosing all aspects of the birthing process. The career outlook data for these professionals is not available on BLS, however, the career outlook figures for the broad category of Nurse Anesthetists, Nurse Midwives, and Nurse Practitioners is available. Forecasts suggest that these professionals will enjoy an employment growth of 26% from 2018 to 2028.

Annual Mean Salary, 2019

$108,810

Entry-Level Education

Master’s Degree

Job Outlook, 2018-28 (Broad Category)

26%

Top Paying State, 2019

California

$154,500

Top Paying Industry, 2019

Local Government, excluding schools and hospitals (OES Designation)

$153,280

Mathematicians

The Mathematician position has taken the eight spot on our list of the highest paying jobs with a Master’s degree. Mathematicians are responsible for analyzing data and solving problems by applying mathematical models and techniques. The career outlook estimate presented below is not only for Mathematicians, but the broad category of Mathematicians and Statisticians. It has been forecasted that the employment opportunities for these professionals will grow by 30% from 2018 to 2028.

Annual Mean Salary, 2019

$107,280

Entry-Level Education

Master’s Degree

Job Outlook, 2018-28 (Broad Category)

30%

Top Paying State, 2019

District of Columbia

$134,190

Top Paying Industry, 2019

Management, Scientific, and Technical Consulting Services

$125,960

Education Administrators, Kindergarten through Secondary

These professionals coordinate and direct the administrative or academic activities of secondary, elementary, or kindergarten schools. Job outlook data indicates that the job opportunities for Elementary, Middle, and High School Principals will grow by 4% from 2018 to 2028.

Annual Mean Salary, 2018

$100,340

Entry-Level Education

Master’s Degree

Job Outlook, 2018-28 (Elementary, Middle, and High School Principals)

4%

Top Paying State, 2019

New York

$130,600

Top Paying Industry, 2019

Local Government, excluding schools and hospitals (OES Designation)

$110,450

Occupational Therapists

These professionals work with patients who have injuries, illnesses, or developmental disabilities. They help  patients improve and develop the skills needed for daily working and living.

Annual Mean Salary, 2018

$86,210

Entry-Level Education

Master’s Degree

Job Outlook, 2018-28

18%

Top Paying State, 2019

Nevada

$105,450

Top Paying Industry, 2019

Child Day Care Services

$108,650

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