Highest Paying Master's Degrees for International Students in US

Are Master’s Degrees Still Worth It?

A master’s degree can definitely be worth it, but it depends on your goals and field. If you’re aiming for advanced positions or specialized roles, a master’s can open doors and give you an edge in the job market. It boosts your skills and can lead to higher pay—master’s degree holders in the U.S. earn about 20% more each week compared to those with just a bachelor’s. Plus, it often makes you a stronger candidate for roles that require deeper expertise. Just make sure to weigh the costs and ensure it aligns with your career goals. If it’s the right fit, a master’s can be a solid investment in your future.

Why Study a Master's Degree in the U.S.?

The U.S. remains one of the top destinations for international students, offering a wide variety of master's programs that provide a high return on investment. These programs are designed to equip students with cutting-edge knowledge, practical skills, and valuable networking opportunities, making them competitive in the global job market. Moreover, the flexibility of U.S. education allows students to tailor their studies according to their career goals, further enhancing their earning potential.

Comparison BSc vs MSc

Take an example, a fresh Computer Science Engineering (CSE) graduate typically starts with a broad understanding of the field and enters entry-level roles with a salary of around $60,000 to $80,000 per year. He is qualified for entry-level positions like software developer, systems analyst, or junior programmer. 

In contrast, a CSE graduate with a master’s degree has specialized knowledge and advanced skills, often leading to higher starting salaries of $80,000 to $120,000 or more and access to more advanced roles such as data scientist, software architect, or research scientist. The master's degree also enhances career advancement opportunities, allowing for faster progression into leadership or specialized positions. 

Highest Paying Master's Degrees List

When choosing a master's program, international students often weigh potential salaries to ensure a worthwhile investment. In the U.S., numerous master's degrees lead to lucrative careers across various fields. Here’s a detailed look at some of the highest-paying master’s degrees available in the U.S., focusing on their career prospects, earning potential, and the specific advantages of pursuing each degree.

1. Master of Business Administration (MBA)

The MBA remains one of the most prestigious and versatile degrees globally. In the U.S., it is highly valued for its broad applicability across industries such as finance, consulting, and technology. Graduates of top MBA programs often secure executive roles, leadership positions, or entrepreneurial ventures. The comprehensive curriculum includes courses in management, strategy, and finance, equipping students with the skills needed to drive organizational success. According to the Graduate Management Admission Council (GMAC), MBA graduates enjoy high starting salaries, with a median of $115,000. Additionally, the MBA network and alumni connections can open doors to global opportunities and significant career advancement.

• Specializations: Finance, Consulting, Marketing, Entrepreneurship, Technology Management
• Average Starting Salary: $115,000 - $130,000 per year
• Top Universities: Harvard University, Stanford University, University of Pennsylvania (Wharton)
• Duration: 1-2 years
• Demand by 2030: 10%

2. Master of Science in Computer Science

As technology continues to evolve rapidly, a Master’s in Computer Science offers graduates access to some of the highest-paying roles in the tech sector. This degree provides in-depth knowledge of programming, algorithms, and systems design, which are crucial for roles in software development, data science, and cybersecurity. The U.S. Bureau of Labor Statistics (BLS) projects that employment in computer and information technology occupations will grow by 11% from 2021 to 2031, reflecting the high demand for skilled professionals. Graduates can expect competitive salaries and opportunities to work on cutting-edge technologies in various industries, including tech giants and innovative startups.

• Specializations: Artificial Intelligence, Machine Learning, Data Science, Cybersecurity, Software Engineering
• Average Starting Salary: $100,000 - $120,000 per year
• Top Universities: Massachusetts Institute of Technology (MIT), Stanford University, Carnegie Mellon University
• Duration: 1.5-2 years
• Demand by 2030: 12%

3. Master of Science in Petroleum Engineering

Petroleum Engineering remains a critical field due to its role in the energy sector. This degree focuses on the extraction, production, and management of oil and gas resources. Petroleum engineers are involved in designing drilling equipment, developing extraction techniques, and improving oil recovery processes. The field offers high salaries due to the technical expertise required and the importance of energy resources globally. According to the Society of Petroleum Engineers, the median base salary for petroleum engineers was approximately $137,000 in 2021, reflecting the high demand and significant rewards in this industry.

• Specializations: Reservoir Engineering, Drilling Engineering, Production Engineering
• Average Starting Salary: $95,000 - $120,000 per year
• Top Universities: University of Texas at Austin, Stanford University, Texas A&M University
• Duration: 1.5-2 years
• Demand by 2030: 8%

4. Master of Science in Electrical Engineering

Electrical Engineering encompasses a broad range of technologies and applications, including power generation, electronics, and telecommunications. This degree prepares graduates to design, develop, and manage electrical systems and devices. The demand for electrical engineers is driven by the need for technological advancements and infrastructure development. According to the BLS, the median annual wage for electrical engineers was $100,000 in 2021. Graduates often find opportunities in industries such as energy, telecommunications, and electronics, with potential for growth in emerging fields like renewable energy and smart technologies.

• Specializations: Power Systems, Telecommunications, Signal Processing, Embedded Systems
• Average Starting Salary: $90,000 - $110,000 per year
• Top Universities: Stanford University, University of California—Berkeley, California Institute of Technology (Caltech)
• Duration: 1.5-2 years
• Demand by 2030: 9%

5. Master of Science in Finance

A Master’s in Finance is highly sought after in the financial sector, offering expertise in areas such as investment analysis, risk management, and corporate finance. This degree equips graduates with the analytical skills and financial acumen needed for high-stakes roles in banking, investment, and financial consulting. According to the National Association of Colleges and Employers (NACE), the average starting salary for finance graduates was $81,060 in 2022, reflecting the strong demand for financial expertise. Graduates often pursue careers in investment banking, asset management, and financial analysis, with opportunities for rapid advancement and high earnings.

• Specializations: Investment Banking, Asset Management, Corporate Finance, Risk Management
• Average Starting Salary: $85,000 - $110,000 per year
• Top Universities: University of Pennsylvania (Wharton), New York University (Stern), Columbia University
• Duration: 1-2 years
• Demand by 2030: 7%

6. Master of Science in Data Science

Data Science is a rapidly growing field driven by the increasing volume of data generated across various sectors. This degree provides a robust foundation in data analysis, machine learning, and statistical methods. According to LinkedIn’s 2022 Workforce Report, data science roles have seen a 650% increase since 2012, with a median salary of $113,000. Data scientists are crucial for interpreting complex datasets, making data-driven decisions, and developing predictive models. The high demand for data science professionals is expected to continue, with significant growth opportunities in technology, finance, healthcare, and other industries.

• Specializations: Big Data, Machine Learning, Statistical Analysis, Data Mining
• Average Starting Salary: $95,000 - $115,000 per year
• Top Universities: Stanford University, Harvard University, University of California—Berkeley
• Duration: 1.5-2 years
• Demand by 2030: 15%

7. Master of Science in Information Technology

Information Technology (IT) focuses on the management and application of technology to solve business problems. This degree covers areas such as IT management, software development, and network administration. According to the BLS, IT occupations are expected to grow 15% from 2021 to 2031, adding about 682,800 new jobs. Graduates with an IT master’s degree often take on roles in managing IT systems, overseeing technology projects, and developing innovative solutions. The degree prepares students for leadership positions in technology-driven organizations and offers a pathway to high-paying roles across various industries.

• Specializations: IT Management, Software Development, Cybersecurity, Network Administration
• Average Starting Salary: $85,000 - $105,000 per year
• Top Universities: Carnegie Mellon University, University of Southern California, Georgia Institute of Technology
• Duration: 1.5-2 years
• Demand by 2030: 14%

8. Master of Science in Mechanical Engineering

Mechanical Engineering is a versatile field involving the design, analysis, and manufacturing of mechanical systems. This degree prepares graduates to work in industries such as automotive, aerospace, and energy. According to the BLS, the median annual wage for mechanical engineers was $90,160 in 2021. Mechanical engineers are involved in developing new technologies, improving existing systems, and solving complex engineering problems. The field offers diverse career opportunities and the potential for high earnings, particularly in specialized areas like robotics and materials science.

• Specializations: Robotics, Thermodynamics, Materials Science, Manufacturing
• Average Starting Salary: $85,000 - $105,000 per year
• Top Universities: Massachusetts Institute of Technology (MIT), Stanford University, University of Michigan—Ann Arbor
• Duration: 1.5-2 years
• Demand by 2030: 10%

9. Master of Science in Chemical Engineering

Chemical Engineering focuses on the development and optimization of processes for producing chemicals, materials, and energy. This degree is crucial for industries such as pharmaceuticals, energy, and manufacturing. According to PayScale, the average salary for chemical engineers with a master’s degree is approximately $97,000. Chemical engineers work on improving production efficiency, developing new products, and ensuring environmental safety. The field offers high earning potential and opportunities for advancement, particularly in research and development roles.

• Specializations: Process Engineering, Materials Science, Biochemical Engineering, Environmental Engineering
• Average Starting Salary: $85,000 - $105,000 per year
• Top Universities: Stanford University, University of California—Berkeley, California Institute of Technology (Caltech)
• Duration: 1.5-2 years
• Demand by 2030: 9%

10. Master of Science in Aerospace Engineering

 Aerospace Engineering involves the design, development, and testing of aircraft and spacecraft. This degree prepares graduates for careers in aerospace companies, defense industries, and space agencies. According to the BLS, the median annual wage for aerospace engineers was $118,610 in 2021. Aerospace engineers work on innovative projects such as spacecraft, satellites, and advanced aviation technologies. The field offers high salaries and significant career opportunities in both government and private sectors, particularly as space exploration and technology advance.

• Specializations: Spacecraft Design, Aerodynamics, Propulsion Systems, Avionics
• Average Starting Salary: $90,000 - $110,000 per year
• Top Universities: Massachusetts Institute of Technology (MIT), California Institute of Technology (Caltech), Georgia Institute of Technology
• Duration: 1.5-2 years
• Demand by 2030: 8%

11. Master of Science in Environmental Engineering

Environmental Engineering focuses on solving environmental problems through the application of engineering principles. According to the BLS, the median annual wage for environmental engineers was $96,890 in 2021. A Master’s in Environmental Engineering prepares students for careers in environmental consulting, government agencies, and non-profit organizations, with a focus on sustainable development and pollution control.

• Specializations: Water Resources, Air Quality, Waste Management, Sustainable Engineering
• Average Starting Salary: $75,000 - $95,000 per year
• Top Universities: Stanford University, Massachusetts Institute of Technology (MIT), University of California—Berkeley
• Duration: 1.5-2 years
• Demand by 2030: 4%

12. Master of Science in Biomedical Engineering

Biomedical Engineering combines principles of engineering with medical sciences to improve healthcare. This degree prepares graduates to work on medical devices, diagnostic equipment, and tissue engineering. According to the BLS, the median annual wage for biomedical engineers was $97,090 in 2021. The field offers opportunities to contribute to advancements in medical technology and patient care. Biomedical engineers can work in various settings, including hospitals, research institutions, and medical device companies, with a growing demand driven by advancements in healthcare technology.

• Specializations: Medical Devices, Tissue Engineering, Biomechanics, Bioinformatics
• Average Starting Salary: $85,000 - $105,000 per year
• Top Universities: Johns Hopkins University, Massachusetts Institute of Technology (MIT), Stanford University
• Duration: 1.5-2 years
• Demand by 2030: 10%

13. Master of Science in Statistics

Statistics is a field that applies mathematical principles to analyze and interpret data. This degree prepares students for careers in various sectors including finance, healthcare, and government. The BLS reports that the median annual wage for statisticians was $93,290 in 2021. Statisticians play a crucial role in data-driven decision making, conducting analyses, and developing models to solve complex problems. With the increasing importance of data in decision-making processes, the demand for statisticians continues to rise.

• Specializations: Data Analysis, Biostatistics, Probability, Statistical Computing
• Average Starting Salary: $80,000 - $100,000 per year
• Top Universities: Stanford University, Harvard University, University of California—Berkeley
• Duration: 1.5-2 years
• Demand by 2030: 13%

14. Master of Science in Construction Management

Construction Management involves overseeing construction projects, from planning and design to execution and completion. This degree provides skills in project management, cost estimation, and safety management. According to PayScale, the average salary for construction managers with a master’s degree is approximately $92,000. Construction managers ensure that projects are completed on time, within budget, and to the required standards. The field offers strong earning potential and career growth opportunities, particularly for those managing large or complex projects.

• Specializations: Project Management, Structural Analysis, Cost Estimation, Safety Management
• Average Starting Salary: $80,000 - $100,000 per year
• Top Universities: Columbia University, University of California—Berkeley, Massachusetts Institute of Technology (MIT)
• Duration: 1.5-2 years
• Demand by 2030: 9%

15. Master of Science in Supply Chain Management

Supply Chain Management focuses on optimizing the flow of goods and services from suppliers to consumers. This degree covers areas such as logistics, procurement, and operations management. According to the Association for Supply Chain Management, the median salary for supply chain professionals with a master’s degree is approximately $85,000. Supply chain managers play a crucial role in improving efficiency, reducing costs, and managing risks in the supply chain. The field offers significant opportunities for career advancement and high salaries, especially in global and complex supply chains.

• Specializations: Logistics, Procurement, Operations Management, Inventory Management
• Average Starting Salary: $80,000 - $100,000 per year
• Top Universities: Michigan State University, Massachusetts Institute of Technology (MIT), Stanford University
• Duration: 1.5-2 years
• Demand by 2030: 11%

16. Master of Science in Health Administration

Health Administration focuses on managing healthcare organizations and improving healthcare delivery. This degree prepares graduates for roles in healthcare management, policy, and administration. According to the BLS, the median annual wage for medical and health services managers was $101,340 in 2021. Health administrators are responsible for overseeing operations, implementing policies, and ensuring quality care in healthcare settings. The field offers strong earning potential and opportunities for leadership roles in hospitals, clinics, and public health organizations.

• Specializations: Healthcare Management, Health Policy, Health Informatics, Hospital Administration
• Average Starting Salary: $85,000 - $105,000 per year
• Top Universities: University of Pennsylvania, Johns Hopkins University, University of Michigan—Ann Arbor
• Duration: 1.5-2 years
• Demand by 2030: 10%

17. Master of Science in Real Estate

A Master’s in Real Estate provides expertise in real estate development, investment, and management. This degree prepares graduates for careers in property management, real estate investment, and urban planning. According to PayScale, the average salary for real estate professionals with a master’s degree is approximately $92,000. The real estate sector offers opportunities for high earnings and career advancement, particularly in urban development and investment roles. Graduates can work in various real estate sectors, including residential, commercial, and industrial real estate.

• Specializations: Real Estate Development, Property Management, Investment Analysis, Urban Planning
• Average Starting Salary: $80,000 - $100,000 per year
• Top Universities: New York University, University of California—Berkeley, Columbia University
• Duration: 1.5-2 years
• Demand by 2030: 8%

18. Master of Science in Public Health

Public Health focuses on improving community health and addressing global health challenges. This degree covers topics such as epidemiology, health education, and environmental health. According to the BLS, the median annual wage for public health professionals was $65,000 in 2021. Public health professionals work on initiatives to prevent disease, promote healthy lifestyles, and manage health programs. The field offers a diverse range of career opportunities, including roles in government agencies, non-profits, and research institutions.

• Specializations: Epidemiology, Health Education, Environmental Health, Global Health
• Average Starting Salary: $60,000 - $80,000 per year
• Top Universities: Harvard University, Johns Hopkins University, University of California—Berkeley
• Duration: 1.5-2 years
• Demand by 2030: 12%

19. Master of Science in International Relations

International Relations focuses on global affairs, diplomacy, and international policy. This degree prepares graduates for careers in government, international organizations, and nonprofits. According to PayScale, the average salary for professionals with a master’s degree in international relations is approximately $75,000. International relations professionals analyze global issues, develop policies, and work on international development projects. The field offers opportunities for meaningful work on global challenges and can lead to high-level positions in diplomacy and international organizations.

• Specializations: Diplomacy, International Development, Security Studies, Global Governance
• Average Starting Salary: $70,000 - $90,000 per year
• Top Universities: Harvard University, Georgetown University, Stanford University
• Duration: 1.5-2 years
• Demand by 2030: 7%

20. Master of Science in Economics

Economics is a critical field that influences policy-making, business strategies, and financial markets. According to PayScale, the average salary for graduates with a master’s degree in economics is approximately $84,000. A Master’s in Economics provides students with analytical and quantitative skills to analyze economic trends, develop economic models, and advise on economic policy.

• Specializations: Econometrics, International Economics, Development Economics, Financial Economics
• Average Starting Salary: $75,000 - $95,000 per year
• Top Universities: Massachusetts Institute of Technology (MIT), Stanford University, University of Chicago University
• Duration: 1.5-2 years
• Demand by 2030: 14% increase

FAQ

1. What is the average duration of a master's degree in the U.S.?

Most master's programs in the U.S. last between 1.5 to 2 years, depending on the field of study and the institution.

2. How much does a master's degree cost in the U.S.?

Tuition fees for master's programs in the U.S. vary widely, ranging from $30,000 to $70,000 per year. Financial aid and scholarships are available for international students to help offset these costs.

3. What is the return on investment (ROI) for a master's degree in the U.S.?

The ROI for a master's degree in the U.S. is generally high, especially for fields like business, engineering, and computer science, where graduates often secure well-paying jobs soon after graduation.

4. Are there scholarships available for international students?

Yes, there are numerous scholarships, fellowships, and assistantships available for international students pursuing master's degrees in the U.S., offered by universities, government programs, and private organizations.

5. How do I apply for a master's program in the U.S.?

The application process typically includes submitting transcripts, letters of recommendation, a statement of purpose, standardized test scores (e.g., GRE, GMAT), and proof of English proficiency (e.g., TOEFL, IELTS).