Finding a Job

The 10 Best Master's Degrees for Finding a Job

March 4, 2021

Many professionals earn a bachelor’s degree to increase their earning potential. However, obtaining a master’s degree can further set you apart from other job candidates and allow you to specialize in your field.

In this article, we describe the best master’s degrees you can pursue and the jobs you can find with each degree.

What are 10 of the best master’s programs to pursue?

Here are some of the best master’s programs based on the availability of jobs in each field and the average salary you can expect, according to the Bureau of Labor Statistics.

  1. Master of Science in Statistics
  2. Master of Science in Finance
  3. Master of Science in Civil Engineering
  4. Master of Science in Computer Science
  5. Master of Science in Nursing
  6. Master of Science in Healthcare Administration
  7. Master of Arts in Political Science
  8. Master of Science in Petroleum Engineering
  9. Master of Business Administration
  10. Master of Science in Electrical Engineering

1. Master of Science in Statistics

Statisticians help solve real-world problems by analyzing data, identifying trends, developing mathematical models and creating randomized sampling plans. A Master’s Degree in Statistics not only provides you with an in-depth knowledge of statistics, but it also shows you how to apply this insight in everyday life. You can specialize in a variety of subjects, such as data collection methods, algorithmic applications, risk computations, mathematical methodologies and environmental statistics. 

With a Master’s in Statistics, there are many different careers you can pursue in a wide range of fields, including business, healthcare, science and engineering. You could, for instance, evaluate potential fraud cases, design experiments for product testing and help companies create market strategies. 

Job opportunities with this master’s degree:

2. Master of Science in Finance

With a Master’s in Finance, graduates can find careers in financial management and other similar fields. The basic classes for this degree involve corporate finance, investment analysis and managerial finance, while other subjects may include business ethics, corporate governance, portfolio management, financial modeling and mergers and acquisitions.

Organizations are increasingly searching for professionals who can manage budgets, provide financial management solutions and identify investment options, so there should be many opportunities in this field in the future.

Job opportunities with this master’s degree:

3. Master of Science in Civil Engineering

Civil engineers are involved in the design and maintenance of roads, tunnels, bridges, buildings and sewage systems. Entry-level civil engineers require a bachelor’s degree. However, a master’s degree will allow you to specialize in diverse fields such as structural design, hydraulic engineering, geotechnical engineering and transportation, and can also provide you with opportunities to obtain senior and leadership positions. 

Regardless of your career path, job prospects are promising in the civil engineering field. The Bureau of Labor Statistics predicts a growth of 11% in employment opportunities for civil engineers in the period 2016–2026.

Job opportunities with this master’s degree:

4. Master of Science in Computer Science

Computer science involves solving problems with the help of software programs in a variety of fields, including commerce, engineering, music, mathematics, data mining and finance. While a Bachelor’s Degree in Computer science provides candidates with basic knowledge in subjects like data structures, operating systems, algorithms and object-oriented analysis, a master’s allows for specialization. There are a variety of specific fields, such as computational biology, software systems, security and computer networks.

The computer science and information technology industry is one of the fastest growing in the U.S. The Bureau of Labor Statistics estimated that it will add 557,100 new job opportunities from 2016-2026.

Job opportunities with this master’s degree:

5. Master of Science in Nursing

The growing healthcare industry in the U.S. has led to a higher demand for nurses. A Master’s in Nursing features courses like evidence-based practices and leadership in nursing, and also allows nurses to specialize in their chosen fields.

Programs usually take two to three years to complete, and most offer a hands-on learning experience. There are many careers to choose from with a Master of Science in Nursing. For example, nursing consultants assist attorneys by interpreting and processing medical information in a legal setting.

Job opportunities with this master’s degree:

6. Master of Science in Healthcare Administration

Healthcare administration involves managing facilities, implementing and overseeing policies and supervising an institution’s overall budget. A Master’s in Healthcare Administration takes about two to three years to complete and includes subjects like marketing, leadership skills, health economics, statistical reasoning and financial management. With a Master’s in Healthcare Administration, you can enter a variety of positions that range from managing healthcare finance departments to overseeing strategic planning.

Job opportunities with this master’s degree:

7. Master of Arts in Political Science

A Master of Arts in Political Science allows graduates to pursue careers that influence law-making, form public policies or campaign for organizations. Most programs provide students with in-depth knowledge of local and national laws, the legislative process and how politics affect the public. 

With a Master’s in Politics, you can work in a variety of fields that include media, law, education and business. For example, management analysts collect and evaluate data to improve the functions of both public and private organizations. 

Job opportunities with this master’s degree:

8. Master of Science in Petroleum Engineering

Petroleum engineers are professionals who develop methods to access and extract oil and gas deposits. Their work involves planning drilling methods, designing equipment and implementing projects. A Master of Science in Petroleum Engineering allows for specialization in this field. For example, a drilling engineer oversees the drilling process, whereas a production engineer manages the wells. 

Many colleges offer a combined bachelor’s and master’s program that you can complete in five to six years. These programs can also include hands-on experience and training. 

Job opportunities with this master’s degree:

9. Master of Business Administration

A Master of Business Administration is becoming one of the most popular post-graduate degrees since students learn a variety of valuable skills through the program. These skills include the ability to accurately and quickly analyze large amounts of data, develop innovative solutions to business challenges and group management. Most programs prepare students for a wide range of industries, including human resources, finances, operations and marketing. 

Job opportunities with this master’s degree:

10. Master of Science in Electrical Engineering

With a Master’s in Electrical Engineering, candidates can obtain many specialized or supervisory positions. Electrical engineering graduates learn how to supervise research, design electrical components or develop new technologies. Coursework in this program will typically involve complex subjects like systems design, technology and electrical circuit theory.

Most electrical engineering master’s programs take two years to complete. Graduates can find careers in fields such as aerospace, information technology and manufacturing. 

Job opportunities with this master’s degree:

All statistics sourced from the Bureau of Labor Statistics.

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