dcsimg

Four high-paying careers that require a master's degree

Although plenty of people only need a bachelor's degree for their career, for others, earning a master's degree can be both a good career and financial decision. The Bureau of Labor Statistics (BLS) reports that the median weekly wages for people who had a bachelor's degree in 2013 was $1,108. That number jumped to $1,329 for people who had a master's degree.

In addition to the potential to earn higher wages, people who complete graduate programs may put themselves in line for a promotion. Some companies have degree attainment requirements for certain positions or have a cap on the amount of responsibilities someone may take on without an advanced degree.

And if you've thought about switching careers, earning a master's degree may be vital to supporting that transition. Some companies and organizations may require employees in certain roles to hold a master's degree, and they won't even consider applicants without one. This may hold particularly true for certain careers in business.

Even if you've worked in the business world for years, you may never get your foot in the door without a Master's in Business Administration (MBA). Here are four high-paying careers that traditionally require a master's degree for employment, with some additional information from the BLS.

Career May 2013 National Median Annual Wage (2013) Responsibilities
Physician Assistant $92,970 Perform exams on patients; provide treatment; prescribe medicine; diagnose illnesses and injuries.
Nurse Practitioner $92,670 Work as primary and specialty-care providers; may work with individual segments of the population to provide health information and care; prescribe medicine; order medical tests.
Information Security Analyst $88,590 Watch for security breaches in a company's network; document the damages created by security breaches; protect sensitive information through the use of software and programs; create best practices within an organization to limit the chances of a security breach.
Industrial-Organizational Psychologist $80,330 Work with management to improve the quality of life within an organization; help with employee hiring and training; study the existing management style and make improvements where needed.

Those considering earning a master's degree should conduct research and speak to employers in their field to discover the potential benefits of advancing their education.

Sources:

Earnings and unemployment rates by educational attainment, Bureau of Labor Statistics, Employment Projections, March 24, 2014, http://www.bls.gov/emp/ep_chart_001.htm

Industrial-Organizational Psychologists, Bureau of Labor Statistics, Occupational Employment and Wages, May 2013, http://www.bls.gov/oes/current/oes193032.htm

Information Security Analysts, Bureau of Labor Statistics, Occupational Employment and Wages, May 2013, http://www.bls.gov/oes/current/oes151122.htm

Information Security Analysts, Bureau of Labor Statistics, Occupational Outlook Handbook, January 8, 2014, http://www.bls.gov/ooh/computer-and-information-technology/information-security-analysts.htm

Nurse Anesthetists, Nurse Midwives, and Nurse Practitioners, Bureau of Labor Statistics, Occupational Outlook Handbook, January 8, 2014, http://www.bls.gov/ooh/healthcare/nurse-anesthetists-nurse-midwives-and-nurse-practitioners.htm

Nurse Practitioners, Bureau of Labor Statistics, Occupational Employment and Wages, May 2013, http://www.bls.gov/oes/current/oes291171.htm

Psychologists, Bureau of Labor Statistics, Occupational Outlook Handbook, Bureau of Labor Statistics, January 8, 2014, http://www.bls.gov/ooh/life-physical-and-social-science/psychologists.htm

Physician Assistants, Bureau of Labor Statistics, Occupational Employment and Wages, May 2013, http://www.bls.gov/oes/current/oes291071.htm

Physician Assistants, Bureau of Labor Statistics, Occupational Outlook Handbook, January 8, 2014, http://www.bls.gov/ooh/healthcare/physician-assistants.htm

Schools
Refine School Matches
Hide filters
  • SUBJECT Clear All

    See More

  • DEGREE

    See More

  • PROGRAM TYPE

  • START TIME

    LOCATION
    Please enter valid US or Canada Zip.
            Results open in new window

            Showing schools in your area

            Matching School Ads
            Good for Working Adults
            • Offers MUSE (My Unique Student Experience), a content delivery system that gives students the option to watch, view, read or listen to required course materials.
            • Allows students to complete courses at whatever pace they want.
            • Provides IntelliPath, a proprietary learning technology that lets students learn at their own pace.
            • A DANTES-affiliated university and member of the Service Members Opportunity Colleges.
            Show more [+]
            • Accredited
            • Online Courses
            • Flexible Scheduling
            • Financial Aid
            • Transferable Credits
            • LU students learn to be Champions for Christ as well as strong business men & women
            • 15+ business specialization options and ACBSP accredited
            • 60+ undergraduate & graduate degree options in the Liberty School of Business 
            • Voted 2017 Best for Vets Business School by Military Times
            • MBA program ranked Best Buy Online MBA Regional Program by GetEducated.com
            Show more [+]
            • Accredited
            • Online Courses
            • Financial Aid
            • Transferable Credits
            • Full Sail University offers online degree programs that are designed for the world of entertainment, media, arts, and technology. Full Sail's approach is centered on real-world industry experience and creative problem solving.
            • Full Sail uses the experience and knowledge gained from more than three decades of educational innovation to create an unparalleled online education experience that challenges and inspires our students.
            • Learning at Full Sail has always centered around interaction and the exchange of ideas, and our online curriculum fully embraces this philosophy with the aim of being the most people-focused education experience on the web.
            • Through Full Sail’s multitude of online program offerings, students get: One-click access to instructors, Powerful collaborative tools, Interactive learning environments and Innovative curriculum.
            • Full Sail's newest program is the Dan Patrick School of Sportscasting. Developed in collaboration with sportscasting veteran Dan Patrick, the goal is to provide students with real world experience both behind and in fornt of the camera.
            Show more [+]
            • Online Courses

            The Daniels College of Business at the University of Denver has offered a top-quality business education since 1908. Through MBA@Denver, students can earn a Daniels degree while continuing to pursue their personal and professional passions. 

            • Online Courses
            • University of the Pacific's MS in Data Science prepares you to leverage the huge power of Big Data, the Internet of Things and social media to build a rewarding career in data science.
            • Enjoy the Flexibility of a Hybrid Program. This program features evening online lectures and classes every other Saturday on the San Francisco campus.
            • Every course in this degree has been designed and developed by top practitioners in the data science field to meet the needs of area businesses. The program culminates in a capstone project working with a leading Bay Area company.
            • Data scientists are in high demand. Virtually every industry is using data to drive the future of business. And within companies, every department — from finance to sales, marketing, and HR — requires the analysis of data.
            Show more [+]
            • Fast track your career in supply chain management by earning your master's degree online.
            • #1 ranked for industry relevance & #2 ranked graduate supply chain program.
            • Learn from renowned supply chain faculty in an immersive online classroom environment.
            • Financial aid available for those who qualify. Sign up for additional details.
            • Bachelor's degree in a related business field & experience in supply chain management are prefered.
            Show more [+]
            • Online Courses
            • Ranked among the Best National Universities in 2015 by U.S. News and World Report.
            • Ranked 8th among the Best Online Graduate Education Programs in 2015 by U.S. News and World Report.
            • A private, co-ed college founded in 1821 and located in downtown Washington, D.C.
            • Its student-faculty ratio is 13:1, and 55.1% of classes have fewer than 20 students.
            • Has distinguished alumni including Senator Harry Reid, former U.S. Secretary of State Colin Powell, and actress Courtney Cox.
            Show more [+]
            • Accredited
            • Online Courses
            • Accelerated Programs
            • Financial Aid
            • Transferable Credits
            • Northcentral University was founded in 1996 to provide working professionals around the world with unprecedented access to richly engaging, professionally relevant, and academically-rigorous education from a U.S. university.
            • As a regionally accredited, private, online and graduate-focused university, NCU offers doctoral, master’s and bachelor’s degrees in business, technology management, education, and psychology, as well as doctoral and master’s degrees in marriage and family therapy.
            • Accredited
            • Online Courses
            • Financial Aid
            • Transferable Credits

            Founded in 1856, Seton Hall is one of the country’s leading Catholic universities. Rich in history, Seton Hall is also an institution on the rise. U.S. News ranks us among the top universities, and we have moved up 13 places in just five years.

            • Online Courses

            The University of Delaware’s tradition of proven academic excellence in online learning brings together expert faculty, experiential learning, and the flexible access online learning offers.

            • Online Courses