The Top Masters Degrees (Salary, Job Growth, & More!)

Income Over Outcome
29 Oct 202009:33
EducationalLearning
32 Likes 10 Comments

TLDRThe video discusses the best master's degrees for career advancement, focusing on pay, practicality, and job growth. It highlights degrees such as Master's in Public Health, MBA, Master's in Healthcare Administration, Engineering Management, Data Science, Computer Science, and Juris Doctor. The presenter emphasizes the increasing importance of public health and the high earning potential in fields like data science and engineering management, while also mentioning the value of an MBA for networking and leadership positions.

Takeaways
  • 🎓 Master's degrees can significantly advance one's career and are essential for certain high-level jobs.
  • 🌟 A Master's in Public Health (MPH) is valuable for roles in policy development and research, with potential high salaries and global impact.
  • 🏥 While an MPH can open doors to higher-level jobs, some positions can be obtained with just a bachelor's degree, albeit with lower pay.
  • 🧪 With an MPH, one can specialize as an epidemiologist or a biostatistician, with average salaries of $71,000 and $78,000 respectively.
  • 📈 An MBA can be beneficial for career advancement and leadership positions, but its value often comes from networking rather than classroom content.
  • 💼 Specializing an MBA in areas like healthcare or management information systems can provide an advantage in specific industries.
  • 🏥 A Master's in Healthcare Administration (MHA) can facilitate leadership roles in healthcare organizations, though it's not always necessary.
  • 🔧 Engineering Management is a suitable master's degree for those aiming for leadership in the engineering sector, offering a blend of business and engineering knowledge.
  • 💻 A Master's in Data Science is highly recommended for analytical individuals due to the increasing importance of data in various industries.
  • 🖥️ A Master's in Computer Science can lead to well-paid roles, especially in research and development within technology companies.
  • 📚 Juris Doctors (JD) are considered higher than master's degrees and are required for those aspiring to become lawyers, with a growing field and decent average salaries.
Q & A

  • What is the primary focus of the video?

    -The video focuses on discussing the best master's degrees based on pay, practicality, and job growth, excluding clinical medical careers.

  • What are some career paths available with a Master's in Public Health (MPH)?

    -With an MPH, one can become an epidemiologist, studying diseases and outbreaks, or a biostatistician, working with data to solve public health problems, among other options.

  • What is the average salary for an epidemiologist with a Master's in Public Health?

    -An epidemiologist with an MPH can make an average salary of $71,000.

  • What is the difference between an MBA and a Master's in Healthcare Administration (MHA)?

    -An MBA focuses on general business and leadership skills, while an MHA combines business and healthcare to prepare individuals for leadership roles in healthcare organizations.

  • What is the average salary for a manager in healthcare with an MHA?

    -The average salary for a manager in healthcare with an MHA is $101,000.

  • Why is it recommended to have work experience before pursuing an MBA?

    -Having work experience is beneficial because much of the learning in an MBA program comes from drawing on one's own experiences and engaging in discussions.

  • What is the role of a Master's in Engineering Management in an engineering career?

    -A Master's in Engineering Management helps professionals to move into leadership positions within the engineering field, covering business aspects along with specific engineering details.

  • What are the potential roles and average salaries for someone with a Master's in Data Science?

    -With a Master's in Data Science, one can become a data scientist with an average salary of $144,000 or a machine learning engineer with an average salary of $114,000.

  • What additional degree is mentioned in the video for those interested in law?

    -The video mentions a Juris Doctor (JD) as the degree required for those who want to become lawyers.

  • What is the average salary for a computer research scientist with a Master's in Computer Science?

    -A computer research scientist with a Master's in Computer Science can have an average salary of $123,000.

  • What does the video suggest about the value of an MBA?

    -The video suggests that the value of an MBA doesn't necessarily come from the content learned in class but from the connections made during the program.

Outlines
00:00
🎓 Best Master's Degrees for Career Advancement

This paragraph discusses the importance of master's degrees for career progression and financial growth. It highlights the Master's in Public Health (MPH) as a valuable degree for those interested in higher-level jobs in public health services, such as epidemiologist or biostatistician, with potential for six-figure salaries. The paragraph also emphasizes the increasing relevance of public health in today's world and the growing demand for professionals in the field. Additionally, it touches on the Master of Business Administration (MBA), noting its value for career advancement and leadership positions, with a focus on the importance of networking and work experience. The average salary for MBA holders is mentioned, with top-tier business school graduates earning significantly more.

05:02
🏥 Master's in Healthcare and Engineering Management

The paragraph explores the Master of Healthcare Administration (MHA) and its benefits for attaining leadership roles in healthcare organizations, contrasting it with the MPH and emphasizing the business and operational focus of the MHA. It also mentions the potential for high salaries in larger hospitals and the rapid growth in demand for healthcare managers. Engineering Management is introduced as a master's degree option for those in the engineering field, with a focus on leadership positions and the added value of specific engineering knowledge over a general MBA. The average salary for engineering managers is provided, highlighting the worth of investing in this degree. The paragraph concludes with a mention of the growing importance of data and the potential of a master's in data science for high-level jobs and significant compensation.

Mindmap
Keywords
💡Master's Degrees
Master's degrees are postgraduate academic degrees that typically require one to two years of study beyond a bachelor's degree. In the context of the video, they are explored for their potential to increase earning power, enhance career prospects, and satisfy personal passions for further learning. The video discusses various master's degrees, emphasizing their practicality, earning potential, and job growth opportunities.
💡Public Health
Public health is the practice of preventing disease and prolonging life within the context of organized communities or societies. It involves the collection of data and the use of this data to develop policies and interventions aimed at improving the health of populations. In the video, a Master's in Public Health (MPH) is discussed as a degree that can lead to higher-level jobs in public health sectors, with roles like epidemiologist and biostatistician being highlighted.
💡Epidemiologist
An epidemiologist is a professional who studies patterns, causes, and effects of health and disease conditions in defined populations. They are often involved in the control of infectious diseases and other health issues through the use of surveillance, outbreak investigation, and the design of health promotion activities. In the video, it is mentioned that with an MPH, one can become an epidemiologist, earning an average salary of $71,000.
💡Biostatistician
A biostatistician is a specialist in the application of statistical methods to the analysis of data in biology, medicine, and public health. They use data to solve public health problems, such as identifying disease outbreaks or analyzing health trends. The video notes that biostatisticians, with a master's degree, can earn an average salary of $78,000.
💡MBA (Master of Business Administration)
An MBA is a postgraduate degree focused on business and management principles, often pursued by individuals seeking to advance their careers in leadership or entrepreneurship. The video discusses the value of an MBA not just in the knowledge gained but also in the professional connections made during the program. It suggests that an MBA is more beneficial when one has prior work experience to contribute to classroom discussions and learning.
💡MHA (Master's in Healthcare Administration)
An MHA is a specialized master's degree designed to prepare graduates for leadership roles in healthcare organizations, such as hospitals and clinics. It combines business and healthcare knowledge, providing graduates with the skills to manage and operate healthcare facilities effectively. The video explains that while an MHA is not always required for leadership roles in healthcare, it can make the path to such roles easier and faster.
💡Engineering Management
Engineering management is a field that combines engineering principles with management skills, focusing on the leadership and administration of engineering projects and teams. Professionals in this field are responsible for overseeing technical operations, managing budgets, and ensuring project success. The video suggests that a master's in engineering management can be a valuable stepping stone for those aiming for leadership positions in engineering, with an average salary of $145,000 for engineering managers.
💡Data Science
Data science is an interdisciplinary field that uses scientific methods, processes, algorithms, and systems to extract knowledge and insights from structured and unstructured data. It involves the analysis of large datasets to inform decision-making and strategy. In the video, a master's in data science is highlighted as a degree that prepares individuals for high-level jobs due to the increasing importance of data in shaping the future, with roles like data scientist and machine learning engineer being in high demand.
💡Computer Science
Computer science is the study of computers and computing technologies, encompassing the design, development, and application of computer systems and software. It is a broad field that includes various specialized areas such as software engineering, artificial intelligence, and data structures. The video notes that while high-paying jobs in computer science can be obtained with just a bachelor's degree, certain roles, especially in research for large tech companies, may require a master's degree to innovate new ways to use technology.
💡Juris Doctor (JD)
A Juris Doctor, or JD, is a professional doctorate degree in law and is required to practice law in most jurisdictions. It is considered a higher degree than a master's but not quite a PhD. The video discusses the JD as a degree for those interested in becoming lawyers, noting that the legal field is growing steadily and lawyers have the potential to earn a significant salary, especially in specialized areas like corporate law.
💡Salary
Salary refers to the compensation paid to an employee for their work, typically on a monthly or annual basis. In the context of the video, it is a key factor considered when evaluating the value of different master's degrees. The video provides average salary figures for various professions associated with the discussed master's degrees, emphasizing that higher education can lead to increased earning potential.
Highlights

The best master's degrees are discussed based on pay, practicality, and job growth.

A Master's in Public Health (MPH) is valuable for higher-level jobs and can lead to roles like epidemiologist or biostatistician with average salaries of $71,000 and $78,000 respectively.

Experienced professionals with an MPH can earn over six figures, impacting the world significantly.

An MBA can aid in career advancement and leadership positions, but its value often comes from networking rather than classroom content.

MBAs recommend starting the program with work experience as it enhances learning through personal experiences and discussions.

Specializing an MBA in a specific area like healthcare or management information systems can provide an advantage.

The average salary for MBA holders is $107,000, with top-tier business school graduates earning an average of $178,000.

Masters in Healthcare Administration (MHA) combines business and healthcare, preparing graduates for leadership roles in healthcare organizations.

While an MHA can facilitate faster attainment of leadership roles in healthcare, it is not always necessary as some can be achieved with a bachelor's and experience.

The average salary for a healthcare manager is $101,000, with demand growing rapidly at 32 percent.

Engineering Management is a beneficial master's degree for those aiming for leadership roles in engineering, offering specialized knowledge in addition to business skills.

A master's in a specific engineering discipline can be valuable, especially for those with industry experience.

The average salary for engineering managers is $145,000, indicating a high return on investment for the degree.

Master's in Data Science is highly recommended due to the increasing importance of data in shaping the future, with roles like data scientist and machine learning engineer.

Data professionals are valuable to both government and companies, with high-level jobs offering substantial compensation.

Master's in Computer Science can lead to high-paying roles, even with just a bachelor's, but a master's is beneficial for research and innovation positions.

Computer research scientists, who innovate new ways to use technology, are well-paid with an average salary of $123,000.

Juris Doctors (JDs) are the degrees needed to become lawyers, with a growing field and average salaries of $123,000, potentially reaching over $200,000 in corporate law.

Transcripts

Browse More Related Video

Top 5 Best Master's Degrees (2024)

2024's Highest-Paying Master's Degrees 🤯 | MS in USA 🇺🇸

Masters Degree Tier List 2024 (Masters Degrees RANKED)

Masters in Business Analytics | BETTER Than an MBA Degree??

You Probably Shouldn’t Major in Data Science…

Top 5 Most Useful College Degrees

Rate This

5.0 / 5 (0 votes)

Thanks for rating:

Related Tags
MastersAdviceCareerGrowthSalaryBoostPublicHealthBusinessAdministrationHealthcareLeadershipEngineeringManagementDataScienceComputerScienceLawCareer