Five Master’s Degrees with a Great Return on Investment

A college degree is one of the most valuable things you could ever pay for, but not every degree offers the same return on investment (ROI). If you’ve obtained your bachelor’s degree and are thinking about graduate school but aren’t sure where to take your education from here, you might be interested in learning about the master’s degrees that offer the greatest salary potential.

1. Electrical and Electronics Engineering

Electrical engineering is a fast-evolving field, which means every newly educated person who enters the job market will have been exposed to the latest and greatest new developments. Both a strong technical understanding and a passion for staying up to date on a fast-moving industry are required for success in entry-level positions. Since the field is so advanced, graduate degrees are often required just to get your foot in the door. Those in higher management positions can earn yearly salaries of up to $129,000, making this a master’s degree with an excellent ROI.

2. Nurse Anesthesia

If you’re already working in nursing and looking to expand your skills and develop your career from here, then a master’s degree in nurse anesthesia can be an excellent choice. Nurses with this degree are responsible for administering anesthesia to patients and monitoring their health throughout the procedure and afterwards. Not only do they help patients during a crucial and often scary time, but they also can earn up to $140,000 a year at the start of their careers and over $156,000 after further experience.

3. Taxation

If you’re interested in working for the IRS, you will need to learn all the ins and outs of the United States tax code. The best way to do this is to earn your master’s degree in taxation. Employers look for entry-level applicants who already have this degree since tax seasons are usually too hectic to offer much on-the-job training. When you first begin, you can expect to earn about $61,100 a year. As you develop your skills and gain experience over time, you can advance into positions that will pay up to $129,000 yearly. That’s an excellent return on investment for a master’s degree. You’ll also have the skills to do your own taxes.

4. Finance

According to a report from the Graduate Management Admission Council, 78 percent of employers who hired people with master’s of finance degrees planned to either match or grow the number of people they hired with such a degree the following year. This means that the demand for employees with a higher education in finance is on the rise. The median pay for jobs that require a master’s in finance is $120,000, making this an excellent educational path for someone with a love of both making and working with money.

5. Chemical Engineering

It’s easy to see why chemical engineering requires a master’s degree. Working with potentially dangerous chemicals is serious business, which means that a master’s in chemical engineering will make you seriously valuable to employers. This master’s degree offers an amazing return on investment, with salaries of up to $125,000 in fields like pharmaceutical, food and energy manufacturing. These fields are competitive, and you will benefit from taking on internships and other learning opportunities aside from your regular schooling.

If you want the most bang for your buck, it makes sense to choose the best educational path to get you there. Any of these master’s degrees offer an excellent return on investment, earning one will point you in the right direction for the career of your dreams.

Related Resource:
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