Post Grad Degree
Obtaining a post-graduate degree cangive one a sense of overwhelming accom-plishment. It’s also the only way to gainaccess to the highest-paying jobs avail-able. According to Simplyhired.com, theaverage salary for someone with a post-graduate degree is $57,000; nearly 25%greater than those with a just a bachelor’sdegree. The top five highest-paying jobshave two things in common: they requirea post-graduate degree, and all have start-ing salaries over $100,000.
Sitting mightily at the top of the list,the MBA is the most lucrative and mal-leable of graduate degrees. Its specialtiesinclude business, finance and accounting.It can be applied to any type of manage-ment operation. Considering its highranking, the fact that it requires only amaster’s degree gives it the highest cost-reward ratio as well. MBA programs havebecome so popular that they can even becompleted online, or by attending schoolpart-time for less than $10,000. The aver-age salary for a management position is$105,000 whereas CEOs pull in an aver-age of $1,352,000 according to Salary.com. (For related reading, see Alterna-tives To Business School.)
The medical field has been an in-de-mand sector for employment for manyyears, but no medical career path is asgrueling and rewarding as becoming adoctor. Obtaining a medical doctorate isa monumental undertaking that requiresthree to four years of post-graduate studybefore moving on to a residency programthat can last as long as seven years. How-ever, the personal gratification of savinglives and earning a median annual salaryof $180,000 is healthy compensation. Forthose with entrepreneurial spirits, startingone’s own practice can bring in well over$1,000,000 yearly.
Earning a juris doctorate degree is thehighest degree possible for those seekinga career in law. After three years of lawschool, one must pass the bar exam in or-der to practice as a lawyer. This degree isalso the most popular for politicians. Le-gal professionals typically earn $130,000.
Engineering degrees are popular at ev-ery level, but obtaining a Ph.D. earns tophonors. These professionals cover fieldssuch as computers, chemicals, aerospaceand more, but the highest paying sub-specialty is petroleum. While the pushfor green energy is still a priority, the oilindustry is the number one manufacturerof power and shows no signs of slowingdown. Working offshore on oil rigs maybe a lonely lifestyle, but their annual in-come of $128,000 gives them plenty of spending money when they come back toshore.
Teachers are usually thought of asbeing underpaid, but college professorsare definitely the exception to the rule.A Ph.D is required, along with originalresearch for most collegiate institutions.An aspiring professor must have morethan just a degree to apply for a posi-tion. They must have several publishedwritings and experience as a teacher orassistant professor. Becoming tenured iswell worth the hard work though becauseaverage income hovers around $100,000annually.
The Bottom Line
Continuing college education at thegraduate level is a hefty commitment of both time and money, but the potentialpayoff can be enormous. When consider-ing what field to study, the quality of the job itself should be considered instead of simply looking at monetary figures. TheBureau of Labor Statistics breaks downevery occupation by degree requirementsand salaries, making it easier to find theright path that combines pay with careersatisfaction.
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Top 5 post-grad degrees that lead to high pay