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Best and worst Master’s degrees for jobs

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Colleges will hand out 1.6 million bachelor’s degrees this year, according to the U.S. Census (another 762,000 students are on track for associate degrees). Yet with unemployment sitting at 9.9% and underemployment at 17.1%, many students are considering sitting out the anemic job market and pursuing graduate degrees.

With this in mind, Forbes set out to determine which master’s degrees would provide the best opportunities, based on salary and employment, over the next decade. We turned to Payscale.com, which lets users compare their salaries with those of other people in similar jobs by culling real-time salary data from its 16.5 million profiles.

Payscale looked at midcareer median pay for people possessing one of 30 common master’s degrees. The typical worker for this group was 43 years old and had 15 years of work experience. Median salaries ranged from $121,000 for electrical engineering degrees to $53,500 for those with a master’s in counseling. Payscale also provided the most common jobs for people who had earned any of these 30 degrees.

Full story: Best and Worst Master’s Degrees For Jobs – ABC News via Forbes.com