10 Highest Paying Master's Degrees for 2025

by Imed Bouchrika, Phd

Co-Founder and Chief Data Scientist

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10 Highest Paying Master's Degrees for 2025

How do we rank schools?

We understand the investment in a quality education. To provide transparent data, we analyzed trusted sources like the IPEDS database, Peterson's database focusing on their Distance Learning Licensed Data Set, College Scorecard database, and the National Center for Education Statistics to curate these rankings.

Our research methodology section outlines our approach.

1. MSN-Nurse Midwifery

• Average salary: $123,780
• Projected job growth: 7% (2022-2032)

Graduates of MSN-Nurse Midwifery programs specialize in providing comprehensive care to women throughout pregnancy, childbirth, and postpartum periods. They assist in labor and delivery, performing prenatal exams, and educating expectant mothers on healthy practices. Nurse-midwives also offer gynecological services, including family planning, contraceptive counseling, and routine checkups. In addition, they support breastfeeding, infant care, and maternal wellness after childbirth. These professionals often work in hospitals, birthing centers, and private practices, promoting natural childbirth and personalized care.

2. Master of Arts/Science in Industrial Organizational Psychology

• Average salary: $147,420
• Projected job growth: 6% (2022-2032)

Industrial-organizational (I-O) psychologists apply psychological principles to workplace environments to improve employee performance, satisfaction, and well-being. They research and analyze data to optimize hiring processes, employee training, and organizational development. I-O psychologists also emphasize leadership, team dynamics, motivation, and workplace culture to enhance productivity. They often work with management to design and implement policies that promote mental health and reduce workplace stress. Additionally, they may evaluate and refine job structures, performance assessments, and employee feedback systems to foster a more efficient and positive work environment.

3. Master's in Computer Science

• Average salary: $145,080
• Projected job growth: 23% (2022-2032)

Computer and information research scientists innovate and develop new technologies, algorithms, and computing techniques to solve complex problems. They explore the potential of computing systems by conducting experiments, creating models, and improving software and hardware performance. These scientists work across various industries, enhancing fields like artificial intelligence, data security, and robotics. They also collaborate with engineers and other professionals to apply their findings to real-world applications, such as improving cybersecurity or optimizing big data processing. Their work pushes the boundaries of technology, advancing the capabilities of modern computing.

4. Master's in Advertising

• Average salary: $134,470
• Projected job growth: 8% (2022-2032)

Advertising managers oversee and coordinate advertising campaigns for businesses or organizations. They are responsible for developing and implementing advertising strategies that effectively promote products or services to target audiences. These managers also allocate advertising budgets effectively and ensuring that campaigns stay within budget and work with creative teams to develop advertising materials, including copy, visuals, and layouts. To ensure the effectiveness of their campaigns, advertising managers choose the most appropriate media channels to reach their target audience, such as television, radio, print, digital, or outdoor advertising.

5. Master's in Web Design

• Average salary: $78,300
• Projected job growth: 15% (2022-2032)

Graduates of a Master's in Web Design create, develop, and maintain visually appealing and user-friendly websites. They use coding languages such as HTML, CSS, and JavaScript to design site layouts, features, and functionality. These professionals work closely with clients or marketing teams to ensure the websites align with branding and user experience goals. They may also optimize websites for mobile devices and ensure compatibility across different web browsers. Additionally, they stay updated on the latest design trends, web technologies, and SEO best practices to enhance site performance and user engagement.

6. MBA in Finance

• Average salary: $139,790
• Projected job growth: 16% (2022-2032)

Graduates of an MBA in Finance manage financial operations, strategies, and investments for businesses, helping them optimize profitability and reduce risk. They analyze financial statements, create budget forecasts, and provide financial growth and stability recommendations. These professionals often work in investment banking, corporate finance, or financial consulting, advising companies on mergers, acquisitions, and capital raising. They also develop risk management strategies and ensure compliance with financial regulations. MBA Finance graduates may also hold leadership roles in financial planning, asset management, and strategic financial decision-making within various industries.

7. Master's in Aerospace Engineering and Space Studies

• Average salary: $130,520
• Projected job growth: 6% (2022-2032)

Graduates of a master's in aerospace engineering design, develop, and test aircraft, spacecraft, satellites, and missiles. They apply advanced principles of fluid dynamics, propulsion, and structural analysis to optimize performance and safety in aerospace vehicles. These professionals often work on improving flight systems, navigation controls, and propulsion technologies for both civilian and military applications. They collaborate with multidisciplinary teams to solve complex engineering challenges, such as reducing fuel consumption or enhancing space exploration capabilities. Additionally, aerospace engineers ensure that their designs meet rigorous regulatory and environmental air and space travel standards.

8. Master's in Cybercrime

• Average salary: $117,750
• Projected job growth: 5% (2022-2032)

Graduates of a master's in cybercrime specialize in investigating, preventing, and mitigating online criminal activities, such as hacking, fraud, and data breaches. They work with law enforcement agencies, corporations, and government organizations to analyze digital evidence, track cybercriminals, and develop security protocols. These professionals assess vulnerabilities in computer networks and implement strategies to protect sensitive information from cyber threats. They often collaborate with IT teams to enhance cybersecurity measures and respond to incidents of cyberattacks. Additionally, cybercrime experts play a crucial role in educating organizations and the public on best practices for cybersecurity and risk management.

9. Master's in Mathematics

• Average salary: $116,440
• Projected job growth: 2% (2022-2032)

Mathematicians explore abstract concepts, develop mathematical theories, and solve complex problems through logical reasoning and quantitative analysis. They work with numbers, structures, and patterns to create models that can be applied to fields like physics, engineering, economics, and computer science. In addition to theoretical research, mathematicians apply their findings to real-world issues, such as optimizing algorithms, improving cryptography, or analyzing data trends. They collaborate with scientists and professionals across disciplines to develop innovative solutions in industries ranging from technology to finance. Mathematicians also contribute to advancements in education, helping to refine teaching methods and develop curricula.

10. Master's in Economics

• Average salary: $115,730
• Projected job growth: 6% (2022-2032)

Economists study how individuals, businesses, governments, and societies allocate resources and make decisions about production, consumption, and distribution. They analyze data, develop models, and evaluate trends to understand economic behaviors and predict future market outcomes. Economists provide insights on issues such as inflation, unemployment, and international trade, helping policymakers make informed decisions. They also research to solve complex economic problems, offering recommendations to improve economic growth, financial stability, and public welfare. Economists work in diverse settings, including academia, government, private industry, and international organizations, contributing to policy development and strategic planning.

How long does it take to complete master's programs?

The time it takes to complete a master’s program typically ranges from 1 to 3 years, depending on the field of study, the type of program, and whether you are studying full-time or part-time. A full-time student can usually complete most highest paying master's degrees, such as an MBA or a Master of Science (MS), in about 1.5 to 2 years. Some specialized programs, such as those in education or healthcare, may take up to 3 years, especially if they require clinical placements, internships, or a thesis.

For students pursuing their degree part-time, the time to completion may be extended. Many online master’s programs, such as an online master's in exercise science, offer flexible schedules to let students spread their coursework over several years. Some part-time students even take up to 3 to 4 years to finish. Accelerated programs are also available in some fields, enabling completion in as little as 12 to 18 months for students who can manage a more intense pace.

In the 2023-24 academic year, around 860,010 were awarded a master's degree in the U.S. This number is pegged to grow by the school year of 2031-32, when it is anticipated that 1 million students will be master's degree graduates.

How does an online master's program compare to an on-campus program?

An online master’s program offers greater flexibility than an on-campus program, allowing students to study from anywhere and often at their own pace. This is particularly beneficial for working professionals or those with family responsibilities, as they can fit coursework around their schedules. Online programs also provide access to a diverse network of peers from different geographic locations, enhancing learning through varied perspectives.

Regarding curriculum and academic rigor, the highest paying master's degrees are typically comparable to on-campus programs, offering the same courses, professors, and degree outcomes. However, online learning requires strong self-discipline and time management skills, as students must stay motivated without the structured environment of a physical campus. While some online programs like forensic psychology online master's degrees include virtual collaboration tools, on-campus programs may offer more in-person networking and hands-on experiences, particularly in healthcare or science.

What is the average cost of master's programs?

The costs of the highest paying master's degrees vary widely depending on the field of study, institution, and whether the program is online or on-campus. According to the National Center for Education Statistics, tuition for a master’s degree in the United States during the 2021-22 school year ranged from $20,500 to $29,900. However, some programs, such as MBAs or specialized STEM fields, could get as expensive as $100,000 or more at prestigious institutions.

Online master’s programs, including MFA online programs, often offer lower tuition rates than on-campus programs. Many institutions also charge the same tuition for in-state and out-of-state online students. Moreover, students pursuing an online master’s degree may save on commuting, housing, and campus fees, making the overall investment more affordable. 

What are the financial aid options for students enrolling in master's programs?

Students enrolled in the highest paying master's degrees have several financial aid options to help cover tuition and related expenses. Many universities, private organizations, and professional associations offer scholarships based on academic achievement, field of study, or demographic factors.

• National Collegiate Athletic Association Postgraduate Scholarship Program. This program only accepts nominations from member schools. Schools nominate student-athletes in their final year of competition and admitted to an accredited master's degree. It awards $10,000.
• Fulbright Foreign Student Program. To get accepted to this program, candidates must submit a statement of purpose for an individually designed research they intend to conduct in another country. The program reviews proposals from fields such as public policy and global health. Its awards vary according to the host country.
• National Health Service Corps Scholarship Program. This program accepts undergraduate and graduate applicants enrolled in healthcare disciplines. Scholars practice in a community with minimal access to healthcare after graduating or getting licensed. It also requires a one-year service for every year of financial assistance.
• National Physical Science Consortium Graduate Fellowship. This program grants scholarships to STEM enrollees. If accepted, scholars attend at least two paid summer internships. It gives full tuition and fees, alongside a stipend worth $20,000.

What are the prerequisites for enrolling in master's programs?

Enrolling in the highest paying master's degrees generally requires meeting certain academic and professional qualifications. While requirements vary by program and institution, there are common prerequisites that most applicants need to fulfill to be considered for admission. 

• Bachelor’s Degree: A completed bachelor’s degree from an accredited institution is typically required, though some programs may accept applicants with equivalent professional experience. You may also consider the easiest bachelor degree program for a faster track.
• Minimum GPA: Many programs require a minimum GPA, often around 3.0, though competitive programs may have higher standards.
• Entrance Exam Scores: Some programs require standardized test scores, such as the GRE or GMAT. Yet, many schools now offer test-optional admissions or waive these requirements based on work experience or academic performance.
• Letters of Recommendation: Most programs ask for 2-3 letters of recommendation from academic or professional references who can speak to the applicant’s qualifications and readiness for graduate study.
• Professional Experience: For some master’s programs, especially MBAs or even the easiest MSN online program, work experience is either required or highly recommended.

How do I verify the accreditation and quality standards of an online master's program?

Accreditation is a crucial indicator of a program’s adherence to established academic and industry standards. Prospective students should confirm that an online master’s program is evaluated by recognized agencies, as this ensures a rigorous curriculum, qualified faculty, and access to current resources. Independent reviews and institutional profiles can assist in comparing quality metrics across programs. For instance, examining reviews of the best online msw programs cswe-accredited offers tangible insights into how accreditation is linked to program excellence and career readiness.

What challenges might I face in a master's program?

Navigating a master’s program involves overcoming academic and practical challenges that require strategic planning. Students often encounter demanding coursework, tight schedules, and the need to master advanced research, technical, or creative skills. Balancing personal responsibilities while adapting to new learning methodologies and evolving career requirements can also be challenging. Addressing these issues proactively by seeking mentorship, utilizing campus resources, and considering flexible formats—such as those offered by nationally accredited online colleges—can be pivotal in achieving long-term success.

Can an online accelerated bachelor's program enhance master's degree preparedness?

Pursuing a well-structured bachelor's degree can build a strong academic foundation and streamline the transition into advanced studies. Accelerated programs, in particular, foster early exposure to rigorous coursework and critical thinking skills, which are vital in handling the complex demands of master's curricula. By completing an accelerated bachelor degree online, candidates may gain time-tested study habits and a concentrated learning experience that can improve performance, especially when coupled with graduate-level projects and research tasks. This approach also demonstrates commitment and adaptability to prospective admissions committees, potentially easing entry into competitive master's programs.

What courses are typically in master's programs?

Master’s programs are designed to provide advanced knowledge and specialized skills in a specific field. Below are typical courses included in various master’s programs:

• Core Courses: These foundational courses cover the essential theories, principles, and practices of the field, such as Advanced Research Methods or Strategic Management.
• Electives: Students can choose elective courses tailored to their interests or career goals, such as Digital Marketing for business programs or Data Analytics in tech-focused fields such as the cheapest online master's data science.
• Capstone Project or Thesis: Many master’s programs include a capstone project or thesis, where students apply what they’ve learned to a real-world problem or conduct original research in their area of specialization.
• Practicum or Internship: Some programs, especially in healthcare, education, and social work, include hands-on fieldwork or internships, providing practical experience in a professional setting.
• Specialization Courses: These focus on a specific area within the field, such as Corporate Finance in an MBA program or Behavioral Psychology in a psychology master’s program.

Can I complete a master's degree in one year?

For qualified candidates seeking an accelerated pathway, several institutions offer master’s programs designed to be completed within a single academic year. These intensive curricula require a focused approach, robust time management, and prior foundational knowledge to ensure academic success. Programs structured in this format often utilize condensed schedules, innovative course delivery methods, and robust support systems to maintain educational rigor while significantly reducing program duration. Interested applicants should evaluate program prerequisites, course load feasibility, and institutional research reputation to determine the best fit for a streamlined academic journey, including exploring one year degree programs.

What are the emerging trends in master's education?

Recent developments in master’s education reflect a shift toward highly flexible and technology‑driven learning environments. Institutions are increasingly integrating digital tools, hybrid course models, and micro-credentialing to adapt to evolving industry standards while addressing diverse student needs. This trend not only enhances access to skill‑specific training but also supports global collaboration and continuous professional development. Moreover, online programs have seen rapid advancement in instructional quality and support services, often demonstrated by offerings from FAFSA approved online schools, ensuring robust academic and career-oriented outcomes.

How can I maximize the benefits of my master's program?

To fully leverage a master’s degree and ensure sustainable career growth, it is essential to integrate academic efforts with targeted professional development. Consider cultivating industry-specific skills through real-world projects, internships, and certification courses that complement your coursework. Building a robust network by engaging with alumni, attending professional conferences, and seeking mentorship can enhance job prospects and broaden your understanding of evolving industry trends. Additionally, explore complementary educational opportunities—such as those offered by easiest online colleges—to remain agile in competitive job markets and continuously refine your expertise.

What types of specializations are available in master's programs?

The highest paying master's degrees enable students to focus their studies on a specific area of interest or career path. These specializations provide deeper expertise and can help graduates stand out in competitive job markets. 

• Business Administration (MBA Specializations): Options include finance, marketing, human resources, entrepreneurship, and supply chain management. There are also online mba under 30k with specializations that pay well after graduation.
• Education: Specializations may include curriculum and instruction, educational leadership, special education, and counseling.
• Healthcare: Healthcare programs, including 2-year medical degrees that pay well, offer specializations in public health, healthcare administration, nursing leadership, and clinical nurse specialist.
• Engineering: Specializations may include mechanical engineering, civil engineering, environmental engineering, and electrical engineering.
• Psychology: Options often include clinical psychology, industrial-organizational psychology, counseling psychology, and neuropsychology.

For specific jobs, a master's degree can be a common entry-level prerequisite.

Are there viable alternative pathways to a traditional master's degree?

While a master’s degree is a valuable credential, exploring alternative educational pathways can offer competitive career advantages with potentially lower financial risks. Consider specialized certificate programs, industry-recognized micro-credentials, and professional development courses that focus on advanced, job-specific skills. These alternatives may provide a more flexible and timely route to career advancement, particularly in rapidly evolving fields. In some cases, candidates can combine these options with non-traditional undergraduate opportunities, such as the cheapest bachelor degree, to build a robust academic profile that meets industry demands while mitigating extensive debt burdens.

How to choose the best master's programs?

Choosing the best master’s program requires careful consideration of your personal, professional, and academic goals. Consider the following before enrolling in a master’s program:

• Accreditation: Make sure the highest paying master's degrees are accredited by a recognized accrediting body to guarantee academic quality and credibility with employers.
• Program Specializations: Look for programs that offer specializations aligned with your career goals and interests.
• Career Support and Outcomes: Research the program’s job placement rates, alumni network, and career services to gauge potential career benefits.
• Flexibility: Consider the program’s format (online, on-campus, part-time) and whether it offers the flexibility you need to balance work, family, or other commitments.
• Faculty Expertise: Review the qualifications and industry experience of the program’s faculty to ensure you’ll be learning from experts in the field.

What factors influence the ROI of a master's degree?

A master’s degree return on investment is determined by various direct and indirect factors. Key elements include the overall cost structure—tuition, fees, and associated expenses—as well as the duration of the program and the opportunity cost of foregone income during studies. Market demand for specialized skills, the relevance of the chosen field, and the strength of professional networking and career support services also play important roles. Evaluating these factors can help prospective students balance upfront financial commitments with anticipated salary growth and career advancement opportunities. In some cases, exploring alternative pathways such as the best degrees online can offer a more cost-effective route to achieving a favorable ROI.

What career paths are available for graduates of master's programs?

Graduates of the highest paying master's degrees have access to a wide range of career paths depending on their field of study and specialization. Here are the common paths for master’s program graduates:

• Business and Management: Roles such as marketing manager, financial analyst, operations manager, and HR director are common for MBA graduates.
• Education: Education graduates, which include those who took the cheapest online master's in special education, can pursue careers as school administrators, curriculum developers, educational consultants, or academic coordinators.
• Healthcare: Master’s graduates in healthcare may work as nurse practitioners, healthcare administrators, public health directors, or clinical nurse specialists.
• Engineering: Master's-level engineers can advance to roles like project engineer, engineering manager, environmental consultant, or research engineer.
• Public Administration and Policy: Career paths include city manager, policy analyst, nonprofit executive, or government relations specialist.

Can accelerated programs offer competitive career benefits?

Accelerated or alternative educational pathways can provide focused skill development and faster entry into the workforce, which may be especially appealing for professionals seeking timely career advancement. These programs are designed to cover essential competencies in a more condensed format without the comprehensive scope of a traditional master’s degree. For individuals evaluating expedited routes, researching options—such as what degree can I get in 6 months—can help determine if a shorter program aligns with their professional goals. Comparing program content, industry recognition, and post-completion support is vital to ensure that such alternatives deliver the necessary expertise to remain competitive in rapidly evolving fields.

Can supplemental certifications boost your master’s degree outcomes?

Earning a master’s degree opens multiple pathways, yet merging it with targeted certifications provides a competitive edge. In specialized industries, employers prize credentials that verify current technical proficiencies and practical application of knowledge. Strategic supplemental credentials can seamlessly bridge academic concepts with industry demands, enhancing career versatility and driving long-term professional growth. For example, exploring online certificate programs that pay well can offer graduates specialized expertise to stay ahead in evolving markets.

What is the job market for graduates of master's programs?

Graduates of the highest paying master's degrees generally have access to positions with higher earning potential, such as mba jobs, and lower unemployment rates than those with only a bachelor’s degree. The U.S. Bureau of Labor Statistics (BLS) 2023 study reveals that the unemployment rate for individuals with a master’s degree was around 2%, lower than the national average. The National Association of Colleges and Employers also found that the average starting income for master's degree graduates in 2022 was $77,590.

Certain fields offer strong job prospects for master’s graduates. For example, healthcare and technology sectors are seeing high demand for advanced degree holders, with roles like nurse practitioners expected to grow by 45% over the next decade. Similarly, jobs in data science, computer science, and cybersecurity are expected to grow significantly, driven by increasing digitalization and the need for specialized skills.

The ROI of getting a master's may depend on your discipline, as per the chart below.

Other Things You Should Know About Master's Programs

What master's degree will make the most money?

The master’s degree that typically leads to the highest earnings is an MBA with a specialization in finance or strategy, where graduates can earn six-figure salaries in fields like investment banking, consulting, or executive management. Other high-paying master’s degrees include those in technology, such as a Master’s in Computer Science or Data Science, as well as healthcare-related degrees, like a Master of Science in Nursing (MSN) for nurse practitioners, which also offer high earning potential across various industries.

Which master's degree is most in demand in the future?

A Master’s in Data Science is expected to be one of the most in-demand degrees in the future, driven by the rapid growth of industries reliant on big data, artificial intelligence, and machine learning. As businesses increasingly adopt data-driven decision-making, the demand for professionals who can analyze and interpret complex data sets will continue to rise. Degrees in healthcare, such as an MSN, will also remain highly sought after due to the growing need for advanced healthcare services and professionals.

What is the easiest master's degree to get?

The ease of earning a master’s degree depends on an individual's strengths, interests, and background, but degrees like a Master’s in Education or a Master’s in Liberal Arts are often considered more accessible for students with strong communication and critical thinking skills. These programs typically have less rigorous math or technical requirements than engineering or data science. Many of these programs also offer flexible, online formats, making them easier to complete for working professionals or those balancing multiple responsibilities. However, "ease" is subjective, and the right program depends on passion and academic abilities.

What are the best master’s degrees for long-term career growth?

The best master’s degrees for long-term career growth are those in fields with high demand and evolving opportunities. An MBA stands out due to its versatility and potential for leadership roles across various industries. Degrees in technology, such as a Master’s in Data Science, Computer Science, or Cybersecurity, also offer significant growth as businesses increasingly rely on tech innovation. Furthermore, healthcare degrees provide strong career growth prospects due to the ongoing expansion of healthcare services.

References:

• Bureau of Labor Statistics. (2024, August 29). Education pays: Earnings and unemployment rates by educational attainment, 2023. Retrieved September 16, 2024, from BLS.
• Cooper, P. (2024, May 8). Does College Pay Off? A Comprehensive Return on Investment Analysis. Retrieved September 16, 2024, from Foundation for Research on Equal Opportunity.
• National Association of Colleges and Employers. (2023, December). First Destinations for the College Class of 2022: Findings and Analysis. Retrieved September 16, 2024, from NACE.
• National Center for Education Statistics. (n.d.). Average and percentiles of graduate tuition and required fees in degree-granting postsecondary institutions, by control of institution: Academic year 1989-90 through 2021-22. Retrieved September 16, 2024, from the NCES.