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TOP 5 Highest Paying Masters Degrees That Are Actually Worth It (2020)

Research shows that employees with master’s degrees, in general, make more than those who just high school diplomas.

Here is a list of the TOP 5 highest-paying master’s degrees that features the highest paying careers, with the possible salary and projected job growth.

5. Master’s degree in finance


Many companies require employees who know how to effectively navigate budgets, financial, and accounting processes. Some of the highest-paying jobs for the masters in finance graduates are:

Financial planner

The average salary is around $88,890 a year, projected growth by 2026 is 15%.

Financial planners or financial advisors manage client’s finances, like investments, insurance ( such as car insurance, business insurance, or homeowners insurance ), mortgages (such as a reverse mortgage, or home loans), different kinds of saving money, and taxes (tax relief, consumption tax, or tax helper).

They may work independently (self-employed) or for an organization within the finance or insurance industry like cleaning insurance companies, or insurance brokerage industry. To become a certified financial planner you need to complete a Certified Financial Planner exam.

Financial manager

The average salary for a financial manager is around $126,990 a year, protected growth by 2026 is 19%.

Financial managers often hold an advanced degree in economics, business administration, or finance. They have at least 5 years of relevant experience.

Financial managers are responsible for the financial well-being of a company. They create financial reports, manage investments, and develop strategies for the long term financial goals of the organization.

Financial managers are usually work in banking and insurance companies such as cleaning insurance companies, or insurance brokerage industry and they have previous experience as an internal auditor, accountant, financial advisory analyst, or salesforce financial analyst.

Actuary

The average salary of the actuary is $102,880 a year, projected growth by 2026 is 22%.

Actuaries analyze the financial costs of risk and uncertainty. They use sophisticated software programs, which compare statistics and forecast profitability, as well as mathematic methods that help businesses to minimize the cost of the risk.

To become an actuary you will need to pass a series of exams to become a certified professional.

Most actuaries work for insurance companies where they evaluate a variety of insurance products and calculate the cost of new emerging risks, to reduce the negative financial impact of such risks, and some actuaries work independently as consultants for the clients.

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