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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