Getting a Master’s Degree can significantly increase one’s earning potential. It opens up a whole world of new career paths that are closed off to those who only hold an undergraduate degree. In order to obtain a Master’s Degree, a student usually has to hold a Bachelor’s Degree already. From there, it may take between one and a half to two years of further study. Here are ten of the top careers one can get into with this level of education.
Jobs in marketing can earn the employee around $79,175 per year. A Master of Business Administration (MBA) degree can prepare an employee for running a company’s entire marketing department. Companies succeed or fail based in large part on their marketing. A good marketing manager will lead teams, help to create effective advertising campaigns, and ultimately help connect their brand with the customers.
2. Chemical Engineering
The average chemical engineer earns $93,453 a year. There’s a wide range of positions and job titles open to a chemical engineer. They may work in development for makeup and healthcare products. They could even find employment somewhere in the photography and electronics industries. It’s a job with a lot of open positions to be filled throughout multiple different business sectors.
3. Physicians Assistant
The average salary for a physician’s assistant is $103,648 a year. Healthcare is an industry that will always offer plenty of jobs as well as job security. This career path typically requires a Master of Science in Physician Assistant Studies. As an assistant, you will be tasked with aiding a doctor in a hospital or private practice. You might even be called to administer certain types of care.
4. Software Engineering with a Master’s Degree
The median yearly income of a software engineer is $107,366. Being a software engineer can mean a lot of things, from building apps to designing video games. You may even work directly for a company to create and maintain specific software for their computer and manufacturing systems. Of course, you could also end up doing the needed work of coding and programming.
5. Financial Manager
The average annual salary of a financial manager is around $116,970 in the U.S. A Master’s of Finance degree prepares the candidate for a job overseeing a company’s finances. This could mean their entire payroll as well as their banking accounts, investments, insurance, and more. This career path could see you working for a single branch of a business or at the corporate level.
6. Information Technology
On average, those working in the information technology industry earn around $121,769 each year. Information technology is a career path that continues to grow. Therefore, there should be no shortage of available jobs for those who hold a Master of Science in Information Technology. This career path may entail working in communications, cyber security, eCommerce, software design, or computer-systems analysis.
7. Architecture and Engineering Manager
Architecture and engineering managers make around $125,900 every year. A job in this field may entail managing the building of structures or overseeing the production of various products and systems. Projects may be in the realm of industrial plants, manufacturing sites, or even research labs. This field requires good problem-solving skills as well as a Master’s Degree.
8. Clinical Therapist
A clinical therapist with a Master’s Degree can expect to earn up to $150,000 per year, on average. Becoming a clinical therapist is an excellent career for those who like to help others. This career path requires a Bachelor’s Degree followed by a two-year Master’s Degree. One of the great perks of this career is that therapists can even open up their own practice and work for themselves.
9. Director of Nursing
The typical nursing director can expect around $173,000 per year. Nurses are often unsung heroes. Nursing is a great field to get into in and of itself. A nursing director will be in charge of an entire crew of nurses, often at a hospital. This job requires great people skills and management capabilities. This is a rewarding yet high-responsibility career.
10. Chief Executive Officer
Chief Executive Officers have an average yearly income of $173,350. This varies widely, though, based on a number of factors. There are many CEOs with annual earnings in the millions. Of course, a CEO will be tasked with overseeing all aspects of a company. A good CEO will be responsible to their fellow employees, customers, clients, and shareholders. This is a highly competitive position, but the earning potential really has no limits.