The 10 Highest-Paying Master’s Degrees

TBS Staff Writers
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Updated October 17, 2023
According to the Bureau of Labor Statistics (BLS), nurses anesthetists earn nearly $190,000 per year. Certain career paths may require a

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A master’s degree helps professionals advance their careers and increase their earning potential.

Certain career paths may require a master’s degree. For example, nurse practitioners, statisticians, and computer and information research scientists need a master’s degree to qualify for jobs. Additionally, employers may prefer candidates to hold a master’s degree for leadership and managerial roles.

What Can You Do With a Master’s Degree?

A master’s degree helps professionals advance their careers and increase their earning potential. Certain career paths may require a master’s degree. For example, nurse practitioners, statisticians, and computer and information research scientists need a master’s degree to qualify for jobs. Additionally, employers may prefer candidates to hold a master’s degree for leadership and managerial roles.

A master’s degree also prepares graduates for doctoral programs. Some career paths require a doctorate. Most professors, research scientists, and psychiatrists hold a doctoral degree. Some doctoral programs only admit candidates with a master’s degree.

What Jobs Can You Get With a Master’s Degree?

According to the Bureau of Labor Statistics, many of the highest-paying careers require a master’s degree. For example, nurse anesthetists, who earn nearly $168,000, on average, must hold a master’s degree. A master’s in nursing also leads to high-paying jobs like nurse practitioner and nurse midwife.

Many chief executives, who make nearly $190,000 per year, on average, hold an MBA. Other well-paying jobs, like computer and information research scientist, political scientist, and economist, require a master’s degree. The 10 highest-paying jobs that require a master’s degree offer salaries of over $100,000 a year, on average, making a master’s degree a good investment.

The list below ranks the highest-paying master’s degrees by career, including salary information, job titles, and the best master’s degree for the career.

What is a Master’s Degree?

During a master’s degree, graduate students pursue advanced training in a specific field. Most master’s degree take around two years of full-time study to complete. Many programs incorporate internships to help students build a professional network and gain hands-on experience.

Master’s programs often build on undergraduate training. For example, most arts and sciences master’s degrees expect students to have completed related coursework during their undergraduate studies through a major or minor. Many master’s programs set prerequisites to ensure incoming graduate students possess the foundational knowledge and skills needed to succeed in the program.

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