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Degrees better with a master’s
By Britney Dzu @britnxyy_
The benefits of a master’s degree are undeniable; higher salaries, competitive advantages and more opportunities for growth and networking. While not all career paths and degrees require a master’s, here are some degrees that are better off with one.
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Business
According to the U.S. Bureau of Labor Statistics, in 2013, master’s degrees in business were obtained more than any other subject of study. A master’s degree in accounting or marketing can increase a median salary from $90,000 to $170,000 or $80,000 to $110,000 per year, respectively.
While job opportunities are ample with a bachelor’s in business, a master’s degree will provide more opportunities for growth in the professional world. To reach senior levels at the top of the corporate ladder or for salary increases, a master’s degree in business is preferred.
Education
With a master’s in education, teachers at all levels of education can earn up to 43% more. In order to teach at a postsecondary level, or become a college professor, at least a master’s degree is required. The median salary for a postsecondary teacher is $79,640 per year according to the Bureau of Labor Statistics.
The median salary for an education administrator can increase by 44%. Educational administrators, while not teachers, are in leadership positions vital to the operations of learning institutions. This role often requires graduate education. The median salary for this role is $98,490.
Nursing
While nursing does not require a master’s degree, a graduate degree is required to be a nurse practitioner. The average salary for a registered nurse in Texas is $72,890, while a nurse practitioner can earn an estimated average of $117,670.
With a master’s degree, a nurse practitioner will be able to do more for higher pay, including diagnosing patients and prescribing medications.
Psychology
A bachelor’s in psychology or sociology will be able to provide a wide range of job opportunities such as caseworker or advisor for various departments. However, in order to practice psychology in a more clinical setting, such as being a clinical psychologist, at least a master’s degree in psychology is required.
With a graduate degree in psychology, counselors can also earn up to 35% more. Counseling and social work roles that require a master’s degree include school counselor or family/ marriage therapist. School counselors earn a median salary of $60,510 per year.
Public Health
A bachelor’s degree in public health can provide jobs such as health education specialists, public health advocates, or public health planners. Salaries for these positions and other jobs for a bachelor’s in public health ranges from $53,000 to $66,000. However, with a master’s degree in public health, public health consultants can make an average of $81,942.
Physician assistants also require at least a master’s degree and make a median of $121,530 per year.
Conclusion
A college education can open the door to many opportunities. Taking the step to pursue a postgraduate or master’s degree will open even more doors.