May 1, 2015

Best graduate degrees for having a satisfied career, Fortune reveals


Best degrees so far are STEM( Science, Technology, Engineering and Maths) while worst are education and arts.
We have been seeing that after every couple of years a new professional degree gets attention and professionals try to get more and more people attracted and trained towards these degrees.

PayScale told about money making graduate degrees that lead to satisfactory careers — and those that lead to high stress and low pay.

It’s that time of year when college graduates ponder their future plans, and those heading for more higher learning put down deposits for grad school tuition. In a knowledge economy, the pay gap is the widest it’s been in a generation, between those with more education, versus those with less. 

Which degrees are the best investment? Salary may not be the sole motivation for pursuing a graduate degree, of course.

To determine the best and worst graduate degrees for jobs, Fortune consulted the careers site, PayScale. The site considered the full-range of graduate degrees, including Ph.D.s, master’s degrees, and law degrees.

The ranking is based upon these factors:

Long-term outlook for job growth, Job satisfaction scores

PayScale’s analysis finds the best graduate degrees are in STEM (Science, Technology, Engineering and Math) fields, with median, mid-career salaries topping at $131,700. “The top of the list has consistently been dominated by STEM degrees, especially statistics and computer science in the last five years,” said Katie Bardaro, the director of analytics and lead economist at PayScale.

Surprisingly the “worst” graduate degrees are in the arts and education, leading to careers that bring in as little as $48,100 in mid-career, according to PayScale data.

Best Grad Degrees for Jobs

Ph.D., Statistics


Median Salary: $131,700

Projected Growth in Jobs by 2022: 23.7%

Highly Satisfied: 71%

Low Stress: 67%

Master’s, Biostatistics


Median Salary: $113,400

Projected Growth in Jobs by 2022: 21.3%

Highly Satisfied: 86%

Low Stress: 48%

PhD, Computer Science


Median Salary: $144,800

Projected Growth in Jobs by 2022: 17.1%

Highly Satisfied: 80%

Low Stress: 45%

Master’s, Human Computer Interaction


Median Salary: $115,200

Projected Growth in Jobs by 2022: 17.1%

Highly Satisfied: 72%

Low Stress: 72%

Ph.D., Physics


Median Salary: $132,400

Projected Growth in Jobs by 2022: 15.6%

Highly Satisfied: 78%

Low Stress: 58%

Juris Doctor (JD)


Median Salary: $138,200

Projected Growth in Jobs by 2022: 20.1%

Highly Satisfied: 71%s

Low Stress: 34%

Master’s, Telecom Engineering


Median Salary: $119,100

Projected Growth in Jobs by 2022: 15.6%

Highly Satisfied: 88%

Low Stress: 54%

Master’s, Applied Math


Median Salary: $121,900

Projected Growth in Jobs by 2022: 16.8%

Highly Satisfied: 67%

Low Stress: 58%

Master’s, Statistics


Median Salary: ($109,700

Projected Growth in Jobs by 2022: 18.2%

Highly Satisfied: 80%

Low Stress: 51%

Master’s, Engineering


Median Salary: $117,200

Projected Growth in Jobs by 2022: 19.5%

Highly Satisfied: 68%

Low Stress: 41%

Master’s, Computer Science


Median Salary: $122,100

Projected Growth in Jobs by 2022: 16.8%

Highly Satisfied: 68%

Low Stress: 50%

Master’s, Software Engineering


Median Salary: $121,300

Projected Growth in Jobs by 2022: 16.8

Highly Satisfied: 66%

Low Stress: 51%

Ph.D., Economics


Median Salary: $122,500

Projected Growth in Jobs by 2022: 13.4

Percentage Who Are Highly Satisfied: 88%

Low Stress: 59%

MBA


Median Salary: $113,000

Projected Growth in Jobs by 2022: 20%

Highly Satisfied: 72%

Low Stress: 36%

Master’s Information Science


Median Salary: $101,800

Projected Growth in Jobs by 2022: 19.5%

Highly Satisfied: 73%

Low Stress: 43%

Worst 15 Graduate Degrees


Master’s, Interior Design


Median Salary: $69,400

Projected Growth in Jobs by 2022: 6.0%

Highly Satisfied: 68%

Low Stress: 14%

Master’s, Educational Administration


Median Salary: $77,100

Projected Growth in Jobs by 2022: 5.6%

Highly Satisfied: 82%

Low Stress: 22%

Master’s, Early Childhood Education


Median Salary: $48,100

Projected Growth in Jobs by 2022: 7.8%

Highly Satisfied: 80%

Low Stress: 31%

Master’s, Criminal Justice


Median Salary: $60,500

Projected Growth, # of Jobs, by 2022: 8.3%

Highly Satisfied: 64%

Low Stress: 32%

Master’s, Reading & Literacy


Median Salary: $52,300

Projected Growth in Jobs by 2022: 9.4%

Highly Satisfied: 82%

Low Stress: 26%

Ph.D., Educational Leadership


Median Salary: $88,500

Projected Growth in Jobs by 2022: 6.9

Highly Satisfied: 81%

Low Stress: 19%

Master’s, Health Administration


Median Salary: $73,300

Projected Growth in Jobs by 2022: 6.3%

Highly Satisfied: 68%

Low Stress: 40%

Master’s, Studio Art


Median Salary: $51,300

Projected Growth, # of Jobs, by 2022: 12.2%

Highly Satisfied: 62%

Low Stress: 24%

Master’s, Construction Management


Median Salary: 99,600

Projected Growth in Jobs by 2022: 6.6%

Highly Satisfied: 82%

Low Stress: 18%

Master’s, Fine Arts


Median Salary 55,900

Projected Growth in Jobs by 2022: 9.5

Highly Satisfied: 63%

Low Stress: 37%

Master’s, Divinity


Median Salary: $52,100

Projected Growth in Jobs by 2022: 9.2%

Highly Satisfied: 85%

Low Stress: 36%

Master’s, Educational Leadership


Median Salary: $72,600

Projected Growth in Jobs by 2022: 7.2%

Highly Satisfied: 80%

Low Stress: 31%

Master’s, Social Work (MSW)


Median Salary: $59,400

Projected Growth # of Jobs, by 2022: 10.4%

Highly Satisfied: 78%

Low Stress: 24%

Master’s, Leadership


Median Salary $81,600

Projected Growth in Jobs by 2022: 7.0%

Highly Satisfied: 75%

Low Stress: 30%

Master’s, Curriculum & Instruction


Median Salary: $58,200

Projected Growth in Jobs by 2022: 8.8 %

Highly Satisfied 80%

Low Stress: 35% 

So all the aspiring graduates must take a look at this if they want a less stressful life and career ahead.

Source: Payscale

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