Graduate degree holders’ salaries are stagnant, but there are six jobs you may get that will help you pay off your debt

According to the Department of Education, graduate students had an average debt of over $66,000 in 2016; 11% had debts of above $80,000. Graduate degree holders have, however, benefited from greater median incomes than those with less education, in addition to possibly significant debt loads. The analysis discovered that despite the rising borrowing levels over the past two decades, the net benefits of acquiring a graduate degree just haven’t kept up.

Graduate students had average indebtedness of over $66,000 in 2016, and 11% had loans of over $80,000, according to the Department of Education. However, people with graduate degrees have benefited from higher median wages than those with less education, as well as likely heavier debt loads. (Photo: Yahoo Finance)

Six graduate-level positions pay at least $100,000 annually

Whether you already hold a graduate degree or are thinking about getting one, it’s important to search for profitable positions that will make paying off your debt much more feasible. based on the most recent U.S. data on wage and job growth. According to the Bureau of Labor Statistics, the following six graduate-level positions pay at least $100,000 annually. Article from GOBankingRates.

1. Data Scientist. Average Salary (May 2022): $115,240; Expected Job Growth (2021-2031): 36%

A career as a data scientist is perfect if you like sifting through data, looking for patterns, and creating visualizations because it offers a high wage and excellent employment growth. If you want to work in the field of artificial intelligence, it’s also a wise decision. You might be hired if you have a graduate degree in a subject like computer science, math, or business and possess data analytic abilities.

2. Human Resources Manager. Average Salary (May 2022): $145,750; Expected Job Growth (2021-2031): 7%

You might be able to get a job as a human resources manager with a high income if you have a master’s degree in business-related field and some relevant experience. If you wish to assist a firm in managing its benefits, employee development, and staffing initiatives, this may be the profession for you. You can look for specialist jobs in payroll, employee relations, or recruiting management if you’d like.

3. Lawyer. Average Salary (May 2022): $163,770; Expected Job Growth (2021-2031): 10%

Lawyers handle a wide range of tasks, including conducting research, giving legal counsel, testifying in court, and producing written materials. Family, tax, environmental, and personal injury law are just a few of the many specialized options available in this field. However, obtaining your license is a lengthy educational process; typically, you must receive a certified Juris Doctor degree and pass the bar exam.

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Six graduate-level positions pay at least $100,000 annually

4. Nurse Practitioner. Average Salary (May 2022): $124,680; Expected Job Growth (2021-2031): 40%

The transition to nurse practitioner is very popular among registered nurses because it offers a substantial pay raise and promising job opportunities. These medical personnel are capable of performing advanced care activities like patient diagnosis and prescription issuance. You often become certified in a certain healthcare specialty or patient population for this position, which calls for a master’s degree in nursing and an advanced practice nursing license.

5. Software Developer. Average Salary (May 2022): $132,930; Expected Job Growth (2021-2031): 25%

A job as a software developer gives opportunity to create desktop programs, mobile apps, websites, and even systems software if you choose to construct things that analyze data. With a degree in technology and knowledge of programming languages and software design ideas, one can enter this in-demand tech field of work. If your master’s degree is irrelevant, you might want to look into short-term training programs or an apprenticeship.

6. Top Executive. Average Salary (May 2022): $129,050; Expected Job Growth (2021-2031): 6%

A top executive position may be right for you if you have extensive experience in your field and desire to lead a company from the top. You have the choice of opening your own company, rising to the position of CEO, applying for a general manager position, or even running a government or educational organization. The educational basis for such employment can be obtained through a master’s degree in business, public administration, or a particular industry. From GOBankingRates.

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