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    10 Highest Paying PHD Degrees

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    This document lists and describes 10 PhD degrees that typically lead to high-paying careers. These include biomedical engineering, engineering, chemical engineering, economics, computer science, pharmacology, statistics, psychology, physics, and nursing. For each field, the document provides a brief overview of the work done and typical salaries for early and mid-career professionals, ranging from $72,000 to $146,000 annually depending on the field and experience level.

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    10 Highest Paying PHD Degrees

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    This document lists and describes 10 PhD degrees that typically lead to high-paying careers. These include biomedical engineering, engineering, chemical engineering, economics, computer science, pharmacology, statistics, psychology, physics, and nursing. For each field, the document provides a brief overview of the work done and typical salaries for early and mid-career professionals, ranging from $72,000 to $146,000 annually depending on the field and experience level.

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    This document lists and describes 10 PhD degrees that typically lead to high-paying careers. These include biomedical engineering, engineering, chemical engineering, economics, computer science, pharmacology, statistics, psychology, physics, and nursing. For each field, the document provides a brief overview of the work done and typical salaries for early and mid-career professionals, ranging from $72,000 to $146,000 annually depending on the field and experience level.

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    © All Rights Reserved
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    Download as pdf or txt
    59 views8 pages

    10 Highest Paying PHD Degrees

    Uploaded by

    Steven Osharena
    This document lists and describes 10 PhD degrees that typically lead to high-paying careers. These include biomedical engineering, engineering, chemical engineering, economics, computer science, pharmacology, statistics, psychology, physics, and nursing. For each field, the document provides a brief overview of the work done and typical salaries for early and mid-career professionals, ranging from $72,000 to $146,000 annually depending on the field and experience level.

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    © All Rights Reserved
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    10 Highest Paying PhD Degrees

    afterschoolafrica.com Jun 15, 2021 12:00 PM

    A PhD degree is the highest level of education you can attain.


    On average, it takes seven to ten years for an individual to earn a
    doctorate degree after completing the undergraduate degree.

    To earn a PhD degree is not the same as taking a walk in the


    park. The process is not an easy one; it is very rigorous and
    time-consuming. Not only that, but it can also be quite
    expensive. To enroll in any PhD program, it is very necessary to
    choose one with high earning potential. The earning potential of
    every degree is dependent on the program you offered.

    Some of the highest paying PhDs offer six figures in one’s early
    career; by the time he or she gets to the mid-career (10+ years
    of work experience), the salary might be more than $130 000
    per annum. Here, you won’t find any doctor or lawyer on the list
    because M.D. and law degrees are not the same as PhDs.
    Earning a degree in law is not a basic requirement to work in any
    high-paying position in the field. Also, there are some areas of
    the medical field that do not require M.D degrees but might
    require other doctoral level degrees. These areas were included
    in this article.

    Below is a list of our highest-paying PhD degrees. We hope they


    would help you in determining whether earning a PhD in these
    fields is a step in the right direction in your chosen field.
    1. PhD in Biomedical Engineering

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    Biomedical Engineering is one of the most popular fields of


    interdisciplinary research. It is constantly evolving and filled with
    specialists who are well-grounded in areas such as life sciences,
    computational methods and theory. An individual with a PhD in
    Biomedical Engineering will be faced with diverse opportunities
    for research in an array of fields.

    Biomedical Engineers work in hospitals, research centers and


    manufacturing firms. They could also work in the universities as
    professors or research experts. According to Bureau of Labor
    Statistics (BLS), the job of Biomedical Engineers will increase by
    23% in 2028. This makes the job a very promising one.

    Early career salary is $88 100 and mid-career salary is $133 000
    per annum.

    2. PhD in Engineering
    The highest degree offered in the field is a PhD in Engineering. 
    Most areas of engineering do not require a doctorate degree,
    but research opportunities are awarded to doctoral candidates
    and graduates. The degree offers some areas of independent
    research such as computer engineering, materials science,
    mechanical engineering, chemical engineering, mining
    engineering, electrical engineering, and so on. Engineers use
    their knowledge of a subject to create concrete processes and
    solutions. A general degree track in engineering is offered by
    some schools, instead of focusing on some areas of
    specialties.
    Engineering roles requiring PhD degree include director,
    engineering technicians, and project managers. By 2028, the
    growth rate of engineering jobs is 5% as stated by the Bureau of
    Labor Statistics (BLS).

    Early career salary for PhD in Engineering is $93 600, while that
    of mid-career is $137 000 per annum.

    3. PhD in Chemical Engineering


    Chemical engineering combines physical sciences (chemistry
    and physics), life sciences (microbiology and biochemistry) and
    mathematics to solve problems in such areas as the use of
    chemicals, drugs, food, or fuel. The PhD programs in this field
    are designed to get engineering professionals equipped with
    specialized knowledge of the basics of the field and the trending
    research practices and findings.

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    The field of chemical engineering is seen as the best


    engineering profession with a doctoral degree in terms of salary
    as it offers constant job growth with both early and mid-careers
    enjoying great remuneration packages.

    Professionals of chemical engineering usually work in research


    centers of biotechnology.

    The early alary for professionals in this field is $96 100 and the
    mid-salary is $146 000 per year.

    4. PhD in Economics
    Economics is one of the most ambitious and lucrative academic
    fields globally. It attempts to combine the elements of the
    following factors: behavioral science, statistics and probability,
    game theory, and ethics in order to have a better understanding
    of human behavior as well as predict market trends, and make
    the right recommendations concerning economic policies.
    These economic policies are very crucial in determining and
    solving economic problems. Economics is also faced with the
    duty of analyzing historical economics and use the information
    obtained to create theories that would help in explaining the
    observed behavior, while determining if the behavior is worth
    reproducing, considering cultural differences. There are different
    branches of economics and no economist can be an expert in
    all because the subject will be too big for one to study
    extensively.

    5. PhD in Computer Science


    With a PhD in computer science, a computer scientist becomes
    an expert within a sub-field in computer science. The
    professional obtain an undergraduate degree in computer
    science or related field, then, narrows down his or her expertise
    in a specialty field like computer programming, during his
    masters and doctorate programs. Most roles for computer
    research scientists require a PhD to fully become an expert in an
    academic or a non-academic field.

    Some jobs performed by a scientist in a non-academic field


    include computer hardware engineer, computer software
    engineer, information research scientist, etc. They could also be
    found in multidisciplinary fields like data mining, programming,
    or robotics. Machine learning and artificial intelligence are
    topics that computer scientists in their advanced stage engage
    in. A computer scientist in the academic field could decide to
    become a professor or get involved in the research wing of the
    institution and beyond.

    According to the BLS, the job outlook for computer scientists is


    expected to increase by 11% through the year 2024. The salary
    for early-career scientists is $118 000 and that of mid-career
    professionals is $145 000.
    . PhD in Pharmacology (Doctor of Pharmacy)
    PhD in pharmacology is another field that yields much financial
    success in the long run. Professionals in the field of
    pharmacology work in a high-level career in the pharmaceutical
    industry or in research centers. They majorly work to develop
    new drugs and improve on old ones using their knowledge and
    expertise in the industry. The research level jobs pay higher than
    other jobs in the same industry. If you seek the best job that
    pays higher, then, becoming a pharmacologist has already set
    the track for you.

    The early career salary is $75 000, while the mid-career salary is
    $141 000.

    7. PhD in Statistics
    Statistics is one of the fields that people underrate, probably
    because it did not come with the tag ‘professional’ like some
    fields including engineering, accounting, and medicine.
    However, there is a lot to glean from this field. Graduates of
    statistics work as statisticians in a variety of industries like
    healthcare, government establishments, the private sector, and
    some financial institutions. They are also found on Wall Street,
    working on the high-end computer and artificial intelligence
    research, data analysis, economics, actuarial science, and risk
    assessment. Over the coming years, the job of statisticians is
    expected to increase by a considerable number. While a
    master’s degree is enough to help statisticians live a successful
    life, a PhD is sure to take that to a higher level.

    Early career salary is $105 000 and mid-career salary is $131


    000.

    Recommended Video: Top 10 PhD Scholarships for


    International Students
    . PhD in Psychology
    Like other fields, psychology is very wide and encompasses
    areas like clinical psychology, developmental psychology,
    forensic psychology, rehabilitation psychology, organizational
    psychology, and school psychology and all of them are very
    broad individually. Most psychologists conduct research in their
    fields. They also tend to focus on academia, teaching, and
    conducting research. The vast majority of them are clinical
    psychologists and are responsible for assessing, diagnosing,
    and treating emotional, behavioral, and mental disorders.
    Clinical psychologists work closely with medical practitioners in
    order to determine the right treatment for their patients.
    However, they are permitted to prescribe medication in some
    states.

    Early career salary for psychologists is $72 000, and mid-career


    salary is 119 000 per annum.

    9. PhD in Physics
    Most high-level jobs for physicists are in the areas of research,
    whether in government establishments, academic or corporate
    settings. In some cases, the practical implications of the
    research carried out by a physicist may not be clear until
    centuries later. It could take a very period of time to carry out a
    developmental process of technology. Sometimes, they keep
    building on existing theories, perform experiments to test a
    hypothesis until they come out with a concrete theory.

    An example could be found in the theory of gravity. Newton


    propounded the theory some centuries ago, yet little has been
    known regarding its effect on the earth and in the solar system.
    Theoretical physics is not the only area of physics that be. There
    are medical physicists who work in the medical field while
    developing new medical technologies and drugs using physics.

    Early career salary for physicists is $93 700, while that of mid-
    career is $135 000.

    10. PhD in Nursing


    Nursing is one of the fields that will keep growing and never go
    on extinction. Since modern nursing came into practice, the field
    has been experiencing booming and growth. Like another field,
    nursing has several branches, however, the highest-paid
    branches are nurse practitioners and nurse anesthetists. Nurse
    practitioners are primary care providers in hospitals or nursing
    homes and are very much knowledgeable in the way doctors
    function. They assess patients, prescribe medications, and carry
    out treatments on them. This means that they can work
    independently. Nurse anesthetists, on the other hand,
    administer anesthesia for surgical procedures and provide the
    right care for the patient throughout the surgical period.

    Nurses could also choose to work in the academia as educators


    or researchers in other medical fields.

    The early career salary for nurses is estimated to be $105 000,


    while the mid-career salary is $131 000 per annum.

    It is advisable that you should not rush to obtain your PhD


    immediately after you are through with your undergraduate and
    master’s program. After your undergraduates, try to acquire
    some work experience before proceeding with your masters and
    then, PhD. The work experience will help to guide your interests
    and understand the specific area where your calling lies. During
    your research, you could be able to work on projects that you
    have been yearning for answers to and then, come out with the
    solution yourself. This cannot be achieved without having some
    level of exposure and work experience.

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