Best 7 Graduate Degrees Worth The Effort

There are many reasons why people go to graduate school: to make more money, to have a better career, and to get more education, to name a few. Unfortunately, for most students, getting a graduate degree can mean taking out a significant loan – a huge burden, especially if they have a significant amount of debt from their undergraduate studies. In addition, getting a graduate degree is not always very cost-effective. Yes, it’s true

It’s true that you increase your chances of getting a high-paying job, but it may not be worth it if you have to spend most of your paycheck paying off thousands of dollars on your big loan. Also, you need to keep in mind that your field may not be important in the near future. Here are a few fields with the highest repayments.

1- Engineering

Our need to constantly find ways to improve our standard of living means that engineers are always in high demand, so the chances of finding a good job are incredibly high. In fact, according to data compiled by Payscale, various engineering fields occupy the top 9 of the top 10 highest-paying jobs for engineering degree holders. Within graduate programs, five different engineering fields occupy the top 10 spots. Having a master’s or doctoral degree in an engineering field can easily increase your worth by $10,000 to $20,000. In addition to paying a lot of money, having a graduate degree greatly increases your chances of getting a leadership position in the projects you’ll be involved in.

Petroleum, computer science, electrical and information technology, electrical, chemical, and biomedical are the engineering fields with the highest early and mid-career salaries for those with a graduate degree.

2- Business an

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4. Mathematics: Mathematicians with advanced degrees are some of the least unemployed people in this country, as virtually every science and technology-related company need their expertise. Tying your math degree to a graduate degree in a more specific field related to engineering and/or science can significantly increase your value.

5. Accounting: The real purpose of a graduate degree in accounting is to help you stand out from the very strong competition and make more money. There is a huge shortage of accountants in higher education and many colleges with respectable programs can easily pay over $120,000 per year – for entry-level faculty.

d Marketing

Business strategy and marketing are two components of almost every business, so people with strong knowledge in these areas are always well placed. Related fields such as strategy, entrepreneurship, marketing management, economics, computer science, and finance produce some of the highest-paying jobs, with median mid-career salaries ranging from approximately 125-145,000. Interestingly, the data shows significantly lower salaries at the beginning of a career (between €60-90,000), which represents significant gains with work experience.
This is a great example of a field where having a graduate degree can make a significant difference in your value; median salaries for different areas of business and marketing for those with a bachelor’s degree range from 38-60k (both early and mid-career). Overall, there are plenty of jobs available in these fields, so they are both secure and rewarding.

3- Science

Getting a graduate degree is almost essential if you want to be at the forefront of scientific research in your field. The problem, however, is that you need to get a Ph.D. (not just a master’s degree) in the sciences for it to pay off the most; but since you’ll be an expert in a specific field, you’ll have a great chance of getting a good job. Another advantage of this field is that it offers some of the highest starting salaries compared to many other fields, with the average being around (80-90K).

The fields of computer science, physics, and chemistry do particularly well in the science field.

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4. Mathematics: Mathematicians with advanced degrees are some of the least unemployed people in this country, as virtually every science and technology-related company need their expertise. Tying your math degree to a graduate degree in a more specific field related to engineering and/or science can significantly increase your value.

5. Accounting:

The real purpose of a graduate degree in accounting is to help you stand out from the very strong competition and make more money. There is a huge shortage of accountants in higher education and many colleges with respectable programs can easily pay over $120,000 per year – for entry-level faculty.