Published at 19 Jun 2020
Which are the best paid master degrees?
Which are the best paid master degrees?
This data shows the average salary for master's degree graduates until age 65, according to the Higher Education Statistics Agency, and continuing lifetime salary data from the Office of National Statistics.
Starting salaries of people who study part-time was excluded. The minimum number of students per course is 53 (a limit set by HESA for publishable data). This data was compiled from 1.5 million students who responded to a university alum questionnaire over the last five years. Data that is more than one year old was adjusted by the RPI.
10. Master degree in Japanese Studies - Average lifetime salary: £36,437
A degree in Japanese studies makes one a valuable asset in the international workforce, as one can act as a bridge between Western companies and one of the world’s strongest economies. Salary data supports this, as graduates have averaged £36,437 a year from graduation. To optimize one’s value in the workforce, it is important to not only know Japanese fluently but be accustomed to the country’s rich history and tradition.
Discover more about other major subjects!
9. Operational Research - Average lifetime salary: £36,540
According to Lancaster University Management School, operational research is "the use of advanced analytical techniques to improve decision making”. Demand in this field appears poised to grow, as analytics-based research in the United States has exploded in the past few years, used to improve efficiency in business ranging from sports teams to health care providers. Operational research can be used to measure business logistics and marketing.
8. Master degree in Civil Engineering - Average lifetime salary: £36,904
Civil engineering degrees teach students how to design a wide range of essential infrastructures. At this juncture, civil engineers can expect to earn high, more than £3.000 per month!
7. Industrial Relations - Average lifetime salary: £37,139
Graduates in Industrial Relations can work in a variety of markets, as they specialize in managing the relationship between employers and their workforce, including bargaining, negotiation, and industrial action. Sturdy salary averages for such a position indicate that it is a position that will continue to be in need.
6. Master degree in Minerals Technology - Average lifetime salary: £37,139
Minerals technology is an interesting field that many students may not have considered. Average career earnings in this field can be as high as £42,305 per year. Yet the work itself appears to be just as rewarding, as graduates will help to develop innovative mineral-based products for a range of markets worldwide. Needless to say, finding work that is both interesting and high-paying is an accomplishment in its own right.
5. South Asian Studies - Average lifetime salary: £38,516
Like Japanese, Asian Studies pay a lot: nearly £3.500 per month. Asian languages are quite complex, yet all signs point to their value increases in the business world, as economies in countries like China continue to expand.
4. Chemical, Process & Energy Engineering - Average lifetime salary: £38,538
3. Engineering (General) - Average lifetime salary: £39,528
General engineering degrees are by a slight margin the most lucrative of all in the engineering field, perhaps to their widespread utility to a variety of employers. Engineering graduates also tend to have transferable skills to work abroad, if one seeks an international career.
2. Architecture, Building, and Planning - Average lifetime salary: £39,751
It may take seven years to become a fully-fledged architect with a BArch or DipArch qualification, but statistically, it's more than worthwhile, with an average lifetime salary of £39,751 per year.
What is the best paid Master's degree? Find out!
1. Medicine and Dentistry - Average lifetime salary: £41,624
The pursuit of a career in medicine or dentistry is decidedly challenging-students must prepare themselves for a grueling track of education and training over several years. Yet at the end of such a dark tunnel is a brighter pasture-graduates in both fields can expect to earn high salaries, that average over £40k during a lifetime. With great sacrifice comes a great benefit.
This data shows the average salary for master's degree graduates until age 65, according to the Higher Education Statistics Agency, and continuing lifetime salary data from the Office of National Statistics.
Starting salaries of people who study part-time was excluded. The minimum number of students per course is 53 (a limit set by HESA for publishable data). This data was compiled from 1.5 million students who responded to a university alum questionnaire over the last five years. Data that is more than one year old was adjusted by the RPI.
10. Master degree in Japanese Studies - Average lifetime salary: £36,437
A degree in Japanese studies makes one a valuable asset in the international workforce, as one can act as a bridge between Western companies and one of the world’s strongest economies. Salary data supports this, as graduates have averaged £36,437 a year from graduation. To optimize one’s value in the workforce, it is important to not only know Japanese fluently but be accustomed to the country’s rich history and tradition.
Discover more about other major subjects!
9. Operational Research - Average lifetime salary: £36,540
According to Lancaster University Management School, operational research is "the use of advanced analytical techniques to improve decision making”. Demand in this field appears poised to grow, as analytics-based research in the United States has exploded in the past few years, used to improve efficiency in business ranging from sports teams to health care providers. Operational research can be used to measure business logistics and marketing.
8. Master degree in Civil Engineering - Average lifetime salary: £36,904
Civil engineering degrees teach students how to design a wide range of essential infrastructures. At this juncture, civil engineers can expect to earn high, more than £3.000 per month!
7. Industrial Relations - Average lifetime salary: £37,139
Graduates in Industrial Relations can work in a variety of markets, as they specialize in managing the relationship between employers and their workforce, including bargaining, negotiation, and industrial action. Sturdy salary averages for such a position indicate that it is a position that will continue to be in need.
6. Master degree in Minerals Technology - Average lifetime salary: £37,139
Minerals technology is an interesting field that many students may not have considered. Average career earnings in this field can be as high as £42,305 per year. Yet the work itself appears to be just as rewarding, as graduates will help to develop innovative mineral-based products for a range of markets worldwide. Needless to say, finding work that is both interesting and high-paying is an accomplishment in its own right.
5. South Asian Studies - Average lifetime salary: £38,516
Like Japanese, Asian Studies pay a lot: nearly £3.500 per month. Asian languages are quite complex, yet all signs point to their value increases in the business world, as economies in countries like China continue to expand.
4. Chemical, Process & Energy Engineering - Average lifetime salary: £38,538
3. Engineering (General) - Average lifetime salary: £39,528
General engineering degrees are by a slight margin the most lucrative of all in the engineering field, perhaps to their widespread utility to a variety of employers. Engineering graduates also tend to have transferable skills to work abroad, if one seeks an international career.
2. Architecture, Building, and Planning - Average lifetime salary: £39,751
It may take seven years to become a fully-fledged architect with a BArch or DipArch qualification, but statistically, it's more than worthwhile, with an average lifetime salary of £39,751 per year.
What is the best paid Master's degree? Find out!
1. Medicine and Dentistry - Average lifetime salary: £41,624
The pursuit of a career in medicine or dentistry is decidedly challenging-students must prepare themselves for a grueling track of education and training over several years. Yet at the end of such a dark tunnel is a brighter pasture-graduates in both fields can expect to earn high salaries, that average over £40k during a lifetime. With great sacrifice comes a great benefit.
