Earning a PhD degree in any field qualifies anyone to be called a scholar or a professional. However, being identified as a professional ain’t going to pay bills, getting a high-paying job becomes important. And acquiring a PhD degree usually comes with intensive learning and research and can be time-consuming as well
Despite all, PhD degree holders have a better chance of getting the best-paying jobs around the world. Although a PhD holder holds the potential to earn twice as much as a BSC holder, there are also other earning benefits attached to some PhD degree programs.
Why Is Having A PhD Degree Important?
- They enjoy high remuneration benefits.
- They are internationally recognized as professionals in their respective fields.
- They possess a wider knowledge in their field of study.
- People who hold a PhD degree get to enjoy better conditions of service clause compared to a lower degree holder.
Top 10 Highest Paying PhD Degrees
1. Computer Science |$135,000
Having a PhD degree in computer science in the 21st century gives you an edge in the labor market. The world is ever-adapting to the use of digital resources, and computer scientists have more leverage because of their knowledge of computer hardware and software, programming, and many others.
A PhD holder in this field has the potential to earn millions monthly given that they are hired by the right organization that understands their importance. The employment opportunity that comes with having a PhD in this field are limitless and this is inarguably one of the best-paying course programs in the world today.
2. PhD In Accounting |$1,200
Accounting serves as one of the highest-paid jobs in the world today and accountants are highly valued in all organizations. Having a PhD degree in this field provides opportunities for individuals to take on the role of accounting managers, inventory, production managers, risk managers, and other top leadership roles in the organization.
The annual salary of a PhD holder in this field is very okay and their job opportunities are readily available in digital spaces or physical organizations.
3. Ph.D. in Aerospace Engineering |$1,550
This is one of the highest-paid engineering course programs in the world. They work with government organizations, pilots, and scientists who explore the world outside our planet, and they are highly specialized in the design, repair, and maintenance of aircraft, rockets, and spacecraft.
A PhD in aerospace engineering qualifies you to be called a specialist in the field thus opening the windows of employment in airports, and private and publicly owned aircraft companies.
4. Ph.D. in Law |$115,000
A lawyer must pass through a tertiary level of education and law school before they are granted the privilege to act as an attorney, judge, or special advisor to individuals, or organizations.
PhD holders in this field earn more than those with BSc or MSc degrees. They also enjoy several benefits, including attracting high-paying clients and gaining respect in legal and other professional sectors. Finding employment opportunities with satisfactory earnings depends on the type of organization the lawyer works with, but choosing to pursue a PhD degree in this field will be one of your best decisions yet.
5. Biomedical Engineering |$95,000
Acquiring a PhD in biomedical engineering gives you leverage in the medical field since it comprises using medicine and engineering techniques to provide medical help to people. The need for a biochemical engineer has grown over the years and acquiring a PhD degree means you get higher pay.
Professionals in the field can find jobs in specialist hospitals, research institutes, learning institutions, and many other medical-related fields. Aside from the good pay, you get to use your knowledge to save lives through the use of science and technology.
6. Electrical Engineering |$100,000
This demand for electrical engineers has increased given that they take risks with the wiring of infrastructures, devices, and much more. A graduate in electrical engineering has the potential to earn a good income irrespective of the industry they find themselves.
Acquiring extensive knowledge of the use of wiring, electricity, electromagnetism, and many others can translate into having one of the best-paying jobs in the world. PhD degree holders in this field can work as supervisors, or technical managers, or can find employment opportunities in research facilities, etc.
7. Chemical Engineering |$97,000
Chemical engineering is a multidisciplinary course program that embodies courses such as chemistry, biochemistry, biology, and other science programs. Chemical engineers have requisite knowledge about the use of chemicals on the human body, and natural resources, amongst others.
Chemical engineers can find employment opportunities in research facilities, the food production industry, cosmetic-producing companies, and many others. Professionals in this field help solve problems and they have the potential to earn 6 figure incomes.
8. Ph.D. in Astronomy |$1,400
Astronomy comes to mind when we discuss issues related to the planet Earth, the sun, moon, stars, and the universe in general. The astronomy course program has helped keep people informed on the activities of the world above us. For example, professionals in this field have been able to deduce that no living thing can survive on the planet Mars.
The course program is very vital and having a PhD degree allows you to work with government agencies, research facilities, and Universities with the sole aim of gathering relevant information about the planet, galaxies, etc.
9. Statistics |$90,000/Month
Statisticians are one of the overlooked professions in the world today and the expertise of a statistician is required in virtually all industries since they can collect and analyze data to their advantage. Statisticians come in handy when it comes to policymaking, planning, and forecasting.
Because of the high demand for statistics, having a PhD degree in the field of study translates into higher pay and you can earn more than a million dollars per year in the right organization.
10. Pharmacology |$105,000
Having a degree in pharmacology is almost similar to having a degree in pharmaceutical studies. The difference between them is that pharmacologists’ services are more needed in research and drug manufacturing facilities while pharmacists are required to dispense drugs. Nevertheless, having a degree in the field can attract high remuneration benefits.
PhD holders have in-depth knowledge of biochemistry, biology, physiology, and many more. Biochemical engineers are not just confined to finding jobs in a research center, they can also find employment opportunities in universities, and pharmacies, amongst others.
Are PhD Degrees The Highest Paid Among Other Degree
Yes, having a PhD degree gives you an edge over people who have a BSC or MSC in your field of study. This is because society views PhD degree holders as specialists, professionals in their field of study because of the years and resources dedicated to researching various subject matters. Employers understand their value and thus offer them 15-40% of what they pay BSC and MSC graduates.
However, it is important to note that the road to acquiring a PhD degree may not be smooth given several factors. For example, limited financial resources, and time constraints in completing research projects amongst others, but at the end of the day you’ll discover that it’s worth it.