Planning on going back to school to change your career? How about finally getting that MBA or law degree?
We ranked the top 50 graduate and professional degrees offered at local universities by students’ median earnings one year after graduating. Students with degrees related to finance, management, law and medicine rank among the highest-paid in the first year after graduating.
With so many colleges and universities in the region, 15.6% of adults over the age of 25 in the Philadelphia-Camden-Wilmington metro have a graduate or professional degree, according to Census data . It’s higher than the 12.6% national average.
Ten graduate nursing programs in Greater Philadelphia made the list, the most common area of study among the top 50 rankings. Nine degree programs in business administration, management and operation also made the list.
The University of Pennsylvania has the most top-paying degree programs, with 11 degree programs. Drexel University has the second-most at seven.
We also took a look at the cost of attendance for an in-state student, median debt of a student who graduated from a degree program with federal loans and the number of students in each program with federal loans.
Data was obtained from the U.S. Department of Education College Scorecard, which examined one-year post-completion earnings by field of study for students who received federal financial aid at any time in their academic careers. The data includes students who graduated in award years 2014-15 and 2015-16, with earnings measured in calendar years 2016 and 2017. Of the 286 degree programs analyzed, we excluded 40 degree programs from our analysis because they did not include information on the median debt of students who completed the program.
Check out the gallery above to see which graduate and professional degree programs have the highest payoff after graduation.