The 11 highest-paying jobs you can get with a master’s degree

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ChaNaWiT/Shutterstock

To become a master of something, at least in the academic world, you have to earn your master’s degree, which usually requires an additional year or two of schooling after acquiring your bachelor’s degree.

Few master’s degrees come cheaply, as Business Insider previously reported. According to 2014 study from college planning site EAdvisors, more than half of master’s degree holders have student loans averaging $56,661.

But for many high-paying jobs, they are a must.

According to the latest data from the US Bureau of Labor Statistics, these are the 11 highest-paying jobs that require a master’s degree.

Each has a median annual salary of at least $80,000.


11. Statisticians

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Het Nieuwe Instituut/flickr

They use statistical methods to collect and analyze data and to help solve real-world problems in business, engineering, healthcare, or other fields.

Median annual wage(2015): $80,110

Projected job openings(through 2024): 15,400

Work experience: None

On-the-job training: None


10. Occupational therapists

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BSIP/Getty Images

They treat injured, ill, or disabled patients through the therapeutic use of everyday activities and help these patients develop, recover, and improve the skills needed for daily living and working.

Median annual wage(2015): $80,150

Projected job openings(through 2024): 52,600

Work experience: None

On-the-job training: None


9. Postsecondary education administrators

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Flickr/US Department of Education

They oversee student services, academics, and faculty research at colleges and universities.

Median annual wage(2015): $88,580

Projected job openings(through 2024): 66,100

Work experience: Less than 5 years

On-the-job training: None


8. Elementary and secondary school education administrators

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Matt Cardy/Stringer/Getty Images

They plan, direct, or coordinate the academic, administrative, or auxiliary activities of public or private elementary or secondary level schools.

Median annual wage(2015): $90,410

Projected job openings(through 2024): 83,800

Work experience: 5 years or more

On-the-job training: None


7. Nurse midwives

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ChameleonsEye / Shutterstock.com

They diagnose and coordinate all aspects of the birthing process, either independently or as part of a healthcare team.

Median annual wage(2015): $92,510

Projected job openings(through 2024): 2,500

Work experience: None

On-the-job training: None


6. Physician assistants

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Joe Raedle / Getty Images

They examine, diagnose, and treat patients.

Median annual wage(2015): $98,180

Projected job openings(through 2024): 50,000

Work experience: None

On-the-job training: None


5. Nurse practitioners

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Mario Villafuerte / Getty Images

They diagnose and treat acute, episodic, or chronic illness, independently or as part of a healthcare team.

Median annual wage(2015): $98,190

Projected job openings(through 2024): 74,700

Work experience: None

On-the-job training: None


4. Economists

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greensefa/Flickr

They study the production and distribution of resources, goods, and services by collecting and analyzing data, researching trends, and evaluating economic issues.

Median annual wage(2015): $99,180

Projected job openings(through 2024): 7,000

Work experience: None

On-the-job training: None


3. Political scientists

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US Embassy Canada/Flickr

They study the origin, development, and operation of political systems; research political ideas; and analyze governments, policies, political trends, and related issues.

Median annual wage(2015): $99,730

Projected job openings(through 2024): 700

Work experience: None

On-the-job training: None


2. Mathematicians

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Good Will Hunting

They create models to solve practical problems in fields like business, government, engineering, and the sciences.

Median annual wage(2015): $111,110

Projected job openings(through 2024): 1,300

Work experience: None

On-the-job training: None


1. Nurse anesthetists

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Getty Images/Carsten Koall

They administer anesthesia, monitor patient’s vital signs, and oversee patient recovery from anesthesia.

Median annual wage(2015): $157,140

Projected job openings(through 2024): 16,400

Work experience: None

On-the-job training: None