A master’s degree can be your ticket to earning a high salary. Many professions come with salaries around $100,000 per year if you have a master’s. It is important to note that many careers are possible for people with the same degree, so the salary possibilities vary. Specialization in an area of your field can help you earn more money. For example, master’s in business administration students can make more money if they concentrate on finance instead of accounting.
A nurse anesthetist holds a Master of Science in Nursing degree (MSN) and are replacing anesthesiologists in many medical settings. Their median salary is about $123,500, according to Master Degree Online, a graduate degree website, in an article written in January 2011.
Physician assistants do not have to have a bachelor’s degree in a specific field to be admitted to a PA master’s program. They may have to take a few classes to prepare for the master’s course, however.
The Bureau of Labor Statistics puts the median annual salary of a physician assistant as of May 2009 at $84,420.
Job prospects for students with master’s degrees in computer science are good. Their median salary is about $111,000, according to the Forbes website in an article posted in May 2010. This degree generally focuses on computer theory instead of software and computer engineering.
Those with a master’s degree in business administration can earn high salaries; however, the range of those salaries is wide. As mentioned in the introduction, students focusing on finance can typically earn much more than those specializing in accounting. The former’s median salary is about $124,000 and the latter $72,500, according to an article on the Forbes website posted in May 2010.
Master’s degrees in engineering can bring in a nice salary, although a bachelor’s degree can also earn a good starting salary. Some of the most lucrative industries for engineers are aerospace, petroleum, chemical, electrical, materials and electronics. These often have salaries well over $80,000 per year, according to the Get Degrees website, as of January 2011.