How much does a Master make?
A Master's degree opens doors to many job opportunities with a range of salaries. The average yearly salary for someone with a Master's degree is around $40,886. This figure varies based on the industry and specific job role. Some people with a Master's degree earn less than $30,000 per year, while others make over $100,000 annually.
The salary distribution for individuals with a Master's degree shows that many earn between $40,000 and $70,000 each year. Here is a closer look at the percentage of earners in different salary brackets:
- $20,000 to $30,000: 51.71%
- $30,000 to $40,000: 10.92%
- $40,000 to $50,000: 4.44%
- $50,000 to $60,000: 5.23%
- $60,000 to $70,000: 6.26%
- $70,000 to $80,000: 5.36%
- $80,000 to $90,000: 4.07%
- $90,000 to $100,000: 2.82%
- $100,000 to $110,000: 1.73%
- $110,000 to $120,000: 1.02%
- $120,000 to $130,000: 1.44%
What are the highest paying cities for a Master?
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Stamford, CT
Average Salary: $121,448
In Stamford, experienced professionals find opportunities in financial services and healthcare. Companies like UBS and The Hartford offer promising roles. Stamford's vibrant business environment supports career growth.
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Hartford, CT
Average Salary: $111,145
Hartford provides a strong foundation for management careers. Insurance giants such as Aetna and Travelers make Hartford a key hub. Professionals here benefit from a mix of tradition and innovation.
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Washington, DC
Average Salary: $110,057
Working in Washington, DC, offers access to government and tech sectors. Major companies like Lockheed Martin and Amazon create a dynamic job market. The city's political influence adds unique opportunities.
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San Francisco, CA
Average Salary: $108,245
San Francisco boasts a thriving tech scene. Companies like Google and Salesforce drive the job market. Professionals thrive in this innovative and competitive environment.
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Beaumont, TX
Average Salary: $102,324
In Beaumont, careers in energy and healthcare are prominent. Employers like ExxonMobil and CHRISTUS Health offer stability. The city's community spirit enhances the work experience.
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San Diego, CA
Average Salary: $100,341
San Diego offers a balanced lifestyle with job opportunities in biotech and defense. Companies like Qualcomm and Rady Children's Hospital thrive here. The mild climate and outdoor activities enrich daily life.
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New Orleans, LA
Average Salary: $99,598
New Orleans presents unique opportunities in tourism and hospitality. Major employers include Ochsner Health and Carnival Cruise Line. The vibrant culture adds to the appeal of working here.
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Baltimore, MD
Average Salary: $97,619
Baltimore has a strong focus on healthcare and education. Johns Hopkins University and MedStar Health provide numerous job opportunities. The city's diverse culture enriches professional experiences.
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Seattle, WA
Average Salary: $94,459
Seattle's tech industry is booming, with giants like Amazon and Microsoft leading the way. The city's progressive environment supports innovation and growth.
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Minneapolis, MN
Average Salary: $94,411
Minneapolis offers a mix of finance and manufacturing jobs. Companies such as Target and U.S. Bank provide stable employment. The city's vibrant arts scene adds to its appeal.
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What are the best companies a Master can work for?
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Kennedy/Jenks Consultants
Average Salary: $192,500
Kennedy/Jenks Consultants is a leading company in the consulting industry, offering a wide range of services. They have offices across the United States and are known for their high compensation packages. Master candidates can expect roles in management consulting and project management.
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Deloitte
Average Salary: $180,718
Deloitte offers various opportunities for Master's degree holders. They operate in over 150 countries, focusing on consulting, auditing, and financial advisory services. Master’s roles often involve complex projects and significant responsibility.
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LB&B Associates
Average Salary: $156,246
LB&B Associates, a well-known strategic communications firm, provides excellent opportunities for Master's degree holders. They have locations in major cities across the U.S. Master’s roles typically involve strategic planning and campaign management.
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Piper Companies
Average Salary: $148,219
Piper Companies specializes in insurance and benefits consulting. Their Master’s positions often involve risk management and client relationship management. They have a strong presence in key markets across the country.
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Curtin Maritime
Average Salary: $122,942
Curtin Maritime focuses on marine and offshore operations. They provide opportunities for Master’s graduates in engineering and maritime management. Their operations span multiple locations, including major ports.
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Cotler Healthcare
Average Salary: $120,000
Cotler Healthcare offers consulting and management services in the healthcare sector. They have a presence in several states. Master’s roles often involve healthcare administration and policy development.
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Everlight Solar
Average Salary: $117,325
Everlight Solar focuses on renewable energy solutions. They provide Master's positions in engineering and project management. Their operations are nationwide, with key locations in solar-rich regions.
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Service Experts
Average Salary: $105,463
Service Experts offers HVAC services and home energy solutions. They have locations in many states. Master’s roles often involve technical management and customer service.
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Abstrakt Marketing Group
Average Salary: $101,746
Abstrakt Marketing Group provides marketing and branding services. They have offices in several cities. Master’s roles typically involve marketing strategy and client engagement.
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CERTIFIED FLEET SERVICES
Average Salary: $101,407
CERTIFIED FLEET SERVICES specializes in fleet management and logistics. They operate in various locations across the U.S. Master’s roles often involve fleet management and operational efficiency.
How to earn more as a Master?
With a Master's degree, individuals have a competitive edge in the job market. This advanced education often leads to higher salaries. Maximizing earnings requires strategic steps. A Master’s degree itself is a strong foundation, but further actions can increase earning potential.
Consider these factors to earn more as a Master's degree holder. First, choose a high-demand field. Fields such as data science, healthcare, and engineering often offer higher salaries. Second, gain specialized skills. Certifications or advanced courses can set you apart. Third, leverage networking. Connect with professionals in your industry for job leads and insights. Fourth, seek mentorship. Experienced mentors can provide guidance and open doors to higher-paying opportunities. Lastly, pursue leadership roles. Taking on management responsibilities can significantly boost earnings.
By focusing on these areas, individuals can maximize their earning potential with a Master’s degree. Each step builds on the last, creating a path to greater financial success.
