20 Most Useful Masters Degrees In 2023

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most useful masters degree

Today’s article aims to point out the most useful masters degrees you would find that holds a lot for the future. A Master’s degree is one of the most useful degrees for every graduate.

Most individuals pursue a master’s degree to improve their career, and job expectations, and earn a higher salary. It is now a must-have for most employers.

In other to avoid procrastinating, some students further into their master’s degree program immediately after graduating from their undergraduate study while some take a long time probably due to financial constraints before furthering.

Most careers require mastery and specialized skills. Therefore a master’s degree becomes a necessity. Others return to school after several years in the workforce to deepen their knowledge and earning potential.

Importance of a Master’s Degree in Today’s World

In today’s increasingly competitive job market, a master’s degree can help you differentiate and remain a valuable employee. Indeed, this has made a master’s degree very useful and valuable to any graduate.

Attaining a master’s degree allows you to obtain specialized knowledge to advance in your field. As the workforce progresses, a master’s degree shows that you are determined to improve your experience and credibility in the industry. To be explicit, you can concentrate on a specific area of ​​study, helping you to be more useful and competitive in your field.

By earning a master’s degree, you can significantly increase your income. On average, employees with a bachelor’s degree earn less while those with a master’s degree earn more income annually. The benefits of a master’s degree also help you improve your research, writing, and analysis skills. As a result, you can become a better problem solver and more easily tackle complex projects.

As a master’s student, you are connected to many professionals, many of whom are successful in their careers. By associating and networking with them it enhances your knowledge. Most times you won’t enjoy this privilege in an undergraduate setting.

Factors to Consider When Choosing a Masters’s Degree

  • Self Interest
  • Learning environment
  • Cost
  • Course duration
  • Academic requirements

Self Interest

One thing I’ve come to realize is the fact that you alone can determine what’s best for you. Obtaining a master’s degree should be a decision of your making and this impacts a lot in your learning process. Think about your priorities and why you would like to get an advanced degree. Try not to think about what anyone else would do or what looks good on your cover letter or resume.

Learning environment

The next factor to consider is what would your learning environment look like. Are you attending a university in person or opting for online study? This also can determine your learning process. Assess your current needs based on personal and professional demands in your life. And also look out for class sizes, distance, flexibility, and schedule.

Cost

Master’s degrees are always expensive. Some students are privileged to gain scholarships that help in the reduction of cost; it could be a full-time scholarship or a partial one. However, you can try mapping out a budget to evaluate your cost of study and your income.

Course Duration

If you would like to obtain a master’s degree, it is important to think about the time it demands and the requirements. A master’s degree program could last for a year or more depending on your choice of institution or course of study. Sometimes, master’s degrees require specific courses to be completed in undergraduate programs before you can be admitted to the program. If you are admitted without the required undergraduate courses, you may be required to take them. This may increase your time demands and you will not be on track to finish within the allotted time.

Academic Requirements

As earlier stated, some master’s degree programs require certain undergraduate degree courses before being admitted into the program. Before applying for a master’s degree program, it’s most important to conduct thorough research to determine the necessary academic requirements.

Most Useful Masters Degree

Below is a list of the most useful master’s degrees:

20 Most Useful Masters Degree

#1. Master of Science in Cyber Security

  • Annual Salary:  $121,065

Cyber security professionals are high in demand as most organizations continue to suffer cyber-attacks disrupting the cyber walls. This MSc program will advance your career in cyber security and acquire deep knowledge of cyber security from experts in the profession.

Career prospects in Cyber Security 

  • Ethical Hackers
  • Security Consultant
  • Information security analyst
  • Computer forensic analyst
  • Security system administrator

#2. Master of Business Administration

  • Annual Salary: $115,000

In pursuit of a master’s degree in Business Administration, people tend to develop their skills in leadership, communication, and problem-solving. With diverse theoretical and practical training from experts, students get to improve their knowledge of general business management functions.

Career prospects in Business Administration 

  • Sales manager
  • Marketing Manager
  • Business operations manager

#3. Master of Science in Healthcare Administration

  • Annual Salary: $84,575

Professionals who possess one of the best graduate degrees in healthcare administration can positively impact patient outcomes. They strive to improve efficiency, maintain safety standards, and train staff. Many managers have a background in medicine, allowing them to work with doctors, nurses, and other colleagues effectively. Their success depends on keeping current with the latest laws and regulations that affect the medical field.

Career Prospects in Healthcare Administration

  • Healthcare administrator,
  • executive director,
  • chief nursing officer

#4. Master of Science in Project management

  • Annual Salary: $137,702

Project managers are an essential part of every organization. They help in ensuring that projects are brought to term effectively through teamwork. A master’s degree in project management puts you at the edge of being the most sourced and well-paid project manager.

Career Prospects in Project Management

  • Project Coordinator
  • IT project manager
  • Chief Operating Officer

#5. Master of Science in Computer Science

  • Annual Salary: $143,000

With the world evolving rapidly around technology, more skillful minds are needed in the field. As a master’s degree holder in computer science, you are technically most sorted by organizations. In the course of your program, you’ll have in-depth training from experts in the field. Computer scientists have great employment opportunities and are well-paid individuals.

Career Prospects in Computer Science

  • Software Developer
  • Software Architect
  • Web Developer
  • Programmer Analyst
  • Database Administrator

#6. Master of Science in Engineering

  • Annual Salary: $113,989

Engineers who already have the basic skills of a college degree often continue to earn a Master of Science in Engineering. In pursuit of this degree, engineers develop the business and management skills necessary to advance to managerial positions.

Career Prospects in Engineering

  • Aerospace engineering
  • Mechanical engineering
  • Electrical engineering
  • Biomedical engineering
  • Surveying engineering

#7. Master of Science in Statistics

  • Annual Salary: $96,705

There’s always a constant demand for statisticians in several areas. They are generally responsible for collecting and analyzing data, and how those data can affect an organization. The Master of Statistics program equips students in determining how statistical concepts such as probability theory and regression analysis can be applied to real-world problems to proffer solutions in various contexts. Master of Science in Statistics can learn more about advanced data collection, analysis, and presentation strategies.

Career prospects in statistics
  • biomathematician
  • biostatistician
  • Statistical analyst
  • educational test statistician
  • medical statistician
  • public health statistician.

#8. Master of Science in Petroleum Engineering

  • Annual Salary: $150, 000

A master’s degree in this field improves your knowledge about the profession. Most things you’ll learn will impact greatly your career as they were not delved into in your bachelor’s degree program. In a nation where the major source of revenue comes from the oil and gas industry, petroleum engineers become one of the most sort after individuals. Hence, the need to hone your knowledge in the profession by obtaining a master’s degree.

Career prospect in Petroleum engineering

  • Natural gas engineers
  • Drilling engineers
  • Oil drilling engineers
  • Oil exploration engineers
  • Oil well engineers

#9. Master of Science in Finance

  • Annual Salary: $90,806

As a financial analyst, a master’s degree expands your knowledge and provides great job opportunities with a high paid income. Most financial organizations tend to recruit financial analysts with all-grounded knowledge and having a master’s degree is an added advantage.

Career prospects in Finance

  • Financial Advisor
  • Financial manager
  • Actuary
  • Financial planner
  • Economic analyst
  • Investment Banker

#10. Master of Science in Nursing

  • Annual Salary: $86,877

The 2020 pandemic gave rise to an increasing demand for high-quality medical care practitioners in today’s society. Nursing is among the most useful and valuable degrees and the highest-paying fields and earning a master’s degree in this field sets you at a peak. In this degree, certified graduates often choose one of the two highest-paid pathways.

Career Prospects in Nursing

  • Nursing practitioner
  • Nurse Anesthetist
  • Clinical Nurse
  • Neonatal Nurse
  • Midwives

#11. Master of Arts in Political Science

  • Annual Salary: $100,970

A master’s degree in political science prepares graduates for careers in various political fields. People who choose a career as a political scientist are interested in the origins of the country’s political systems. Especially to know how these systems develop over time, and how they function today. Some responsibilities of a political scientist generally include research on national politics, comparative politics, international relations, or political theory.

Career Prospects for Political Science  

  • Policy Analyst
  • Public Relations Representative/ Specialist
  • Political Scientist
  • Legislative Assistant
  • Lobbyists

#12. Master of Science in Economics

  • Annual Salary: $98,000

This program can help you learn how to interpret financial trends and analyze financial data at an advanced level. One can also develop his or her knowledge by acquiring advanced theoretical and quantitative tools to pursue a career in various industries.

A broad understanding of the global economy and the ability to analyze financial data at an advanced level will open doors to many potential careers. This Master’s in Economics is one of the top graduate degrees for the future.

Career Prospects in Economics

  • Credit Analyst
  • Financial Advisor
  • Bank Examiner
  • Environmental Researcher
  • Health Economist
  • Market Researcher
  • Stockbroker

#13. Master of Science in Information Technology

  • Annual Salary: $114,325

Information technology and computer science roles typically see job growth of 13%, which is faster than average. Master’s degrees in information technology typically focus on coursework that includes information systems development and operating systems concepts. Coursework may also include computer and network security, wireless technologies, and IT project management. IT master’s degrees often help students develop their multitasking, decision-making, and problem-solving skills.

Career Prospect in Information Technology

  • IT Technician
  • Support Specialist
  • Computer Programmer
  • System Analyst

#14. Master of Science in Accounting

  • Annual Salary: $120,000

A master’s degree in accounting is one of the most useful degrees in today’s world. Most organizations seek qualified accountants to help in the financial aspect of the firm. Therefore, having a master’s degree in the field stands you out. It provides you with good employment and a high-paying one.

Career Prospect in Accounting

  • Internal Auditor
  • Financial Accountant
  • Managerial Accountant
  • Financial Planner
  • Forensic Accountant

#15. Master of Science in Industrial Management

  • Annual Salary: $86,588

A masters in industrial management is best for those who have specialized knowledge but wish for more career advancement. It’s specifically meant to prepare students for high-level careers in the manufacturing, design, and transportation industries.

You can receive training on how to handle key industrial processes, including creating project plans, optimizing supply chains, and analyzing contracts and investments. The program helps you develop collaboration and problem-solving skills and familiarizes you with regulations and safety standards.

Career Prospect in Industrial Management

  • Industrial Production Manager
  • Construction Manager
  • Production Manager
  • Operations Manager
  • Purchasing Manager
  • Quality Assurance Control Manager
  • Facility Manager
  • Organizational Consultant

#16. Master of Science in Data Analytics

  • Annual Salary: $97,000

Data analytics is the science of analyzing raw data to make conclusions about that information. A master’s degree in this field will provide you advance knowledge of the ‘what and how’ of the profession. Data analytics help a business optimize its performance more efficiently, maximize profit, or make more strategically-guided decisions.

Career Prospect in Data Analytics

  • Data Scientist
  • Data Engineer
  • Quantitative Analyst
  • Data Analytics Consultant

#17. Master of Science in Software Engineering

  • Annual Salary:  $190,000

Several companies today work with coding and software development and pursuing an advanced degree in software engineering will help you innovate and lead more effectively. With this degree, you will learn how to produce functional software and overcome the challenges of writing code.

Career prospect in Software Engineering 

  • Frontend Engineer
  • Back-end Engineer
  • Quality Assurance Engineer
  • Mobile Developer
  • Data Engineer

#18. Master of Science in Marketing

  • Annual Salary: $73,113

Marketing skills have changed in recent times, making a graduate degree a worthy investment. Gone are the days when marketers could rely on intuition and experience to drive effective campaigns. The emergence of new digital platforms, combined with the proliferation of big data, means the best marketing professionals know digital marketing and how to apply marketing analytics. An advanced degree is an important way to keep up with the demands of technology.

Career Prospects in Marketing

  • Marketing Manager
  • Brand manager
  • Market research analyst
  • Social media specialist
  • Public Relations manager

#19. Master of Science in Human resources management

  • Annual Salary: $106,222

Human resources is another area of business in high demand. Human resources professionals manage the human side of an organization. When an employee needs help with a personal or professional matter, they can turn to their HR rep for support and resources. Those in human resources also manage the growth of an organization as they are often heavily involved in recruiting and hiring. A master’s degree in human resources management can help you move up in your career, potentially becoming an HR director or manager.

Career prospect in Human resource management

  • Human resources assistant
  • Payroll Specialist
  • Training Coordinator
  • Compensation Specialist
  • Training manager
  • Employee relations manager

#20. Master of Science in Biomedical Engineering

  • Annual Salary: $100,000

A master’s in biomedical engineering allows students to explore this fascinating field more deeply, often incorporating training in both research and entrepreneurship. Aside from theory-heavy classes on physiology and quantitative science, students typically pursue their research projects while working closely with experts in the field. Biomedical engineers help drive innovation by designing products and technology-based systems for improving human health. Some examples of products of biomedical engineering include prosthetic joints, regenerative medicine, and cutting-edge medical devices.

Career Prospects in Biomedical Engineering

  •  Biomaterials Developer
  •  Manufacturing Engineer
  •  Biomedical Scientist/Researcher

Top Universities to Obtain a Master’s Degree

If you aim at obtaining a master’s degree in the best institutions, then you might want to look at these top-listed universities.

  • University of Oxford
  • Stanford University
  • Massachusetts Institute of Technology (MIT)
  • California Institute of Technology
  • Johns Hopkins University

Recommendations

Frequently Asked Questions

What are the most in-demand madters degrees

The most in-demand master's degrees are Master of Business Administration, M.Sc Accounting, M.Sc healthcare, M.Sc Software Engineer, and M.sc International management

How long does a masters degree take?

A master's degree program duration of one year or more to finish. This depends on factors such as institution, country, and field of study. An online study can also be influenced by these factors.

What's the job prospect for master degree holder?

Currently, the workforce has evolved, and competent and skilled employees are needed in every organization. Individuals with masters degrees are mostly selected and paid highly in their respective fields.

Conclusion

Master degrees are part of developing your skill and knowledge in your specialized field. It expands your sense of reasoning and establishes a unique employment path for you. These degrees are in demand in society today and impact societal growth.

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