Education pays.
At least, that's what Bureau of Labor Statistics data shows. Higher degree holders earn more and experience lower unemployment rates than those without degrees or with lesser degrees. On a weekly basis, master's degree holders earn over $500 more than the median for all U.S. workers over age 25, and doctoral degree holders earn about $850 more than that median. Professional degree holders like doctors, lawyers, and veterinarians earn even more, at nearly $870 more than the median.
However, advanced degrees often cost significant funds to obtain. A year of graduate tuition and fees cost about $19,750 for the 2020-21 academic year, according to the National Center for Education Statistics. The average at private institutions was even more, at $26,620 per year. Some programs offer assistantships or fellowships that offset those costs, but many students will be on the hook for paying or borrowing tens or hundreds of thousands of dollars.
Other data from the center, released in July 2023, shows that nearly 3 in 4 graduate students received financial aid in the 2019-20 academic year, in amounts averaging about $25,300.
The catch? Much of the aid doled out to graduate students is in loans. Graduate students who took out loans averaged $26,000, compared to an average of $11,300 in grant funds among recipients. A Center for American Progress analysis found that graduate debt rose from 2010-11 to 2017-18 while undergraduate debt fell, and the share of student debt accumulated by graduate students rose to 40%.
Is the higher pay worth the cost? That's up to prospective graduate students to decide. Using Bureau of Labor Statistics data, Stacker compiled a list of the highest-paying jobs that require a graduate degree in Oxnard, painting a clearer picture of the earnings potential. Jobs listed here require a master's, doctorate, or other professional degree and are ranked by their median annual pay as of May 2022. Any jobs without annual compensation figures available were excluded from this analysis.
Read on to see what a graduate degree could earn you in Oxnard.
This story features data reporting and writing by Paxtyn Merten and is part of a series utilizing data automation across 366 metros.
You may also like: Coat drives near Oxnard
Photographee.eu // Shutterstock
1 / 34#34. Rehabilitation counselors
- Median annual wage: $35,220
- Median hourly wage: $16.94
- Education required: Master's degree
- Total employment: 200 people (0.63 of every 1,000 jobs in the area)
- Required on-the-job training to attain competency: None
#33. Counselors, all other
- Median annual wage: $38,490
- Median hourly wage: $18.51
- Education required: Master's degree
- Total employment: 230 people (0.74 of every 1,000 jobs in the area)
- Required on-the-job training to attain competency: None
Daxiao Productions // Shutterstock
3 / 34#32. Marriage and family therapists
- Median annual wage: $49,180
- Median hourly wage: $23.65
- Education required: Master's degree
- Total employment: 500 people (1.58 of every 1,000 jobs in the area)
- Required on-the-job training to attain competency: Internship/residency
Juri Pozzi // Shutterstock
4 / 34#31. Acupuncturists
- Median annual wage: $59,340
- Median hourly wage: $28.53
- Education required: Master's degree
- Total employment: 40 people (0.14 of every 1,000 jobs in the area)
- Required on-the-job training to attain competency: None
#30. Anthropologists and archeologists
GaudiLab // Shutterstock
6 / 34#29. Librarians and media collections specialists
- Median annual wage: $64,340
- Median hourly wage: $30.94
- Education required: Master's degree
- Total employment: 190 people (0.62 of every 1,000 jobs in the area)
- Required on-the-job training to attain competency: None
#28. Judicial law clerks
- Median annual wage: $72,210
- Median hourly wage: $34.72
- Education required: Doctoral or professional degree
- Total employment: 60 people (0.2 of every 1,000 jobs in the area)
- Required on-the-job training to attain competency: None
DGLimages // Shutterstock
8 / 34#27. Mental health and substance abuse social workers
- Median annual wage: $73,990
- Median hourly wage: $35.57
- Education required: Master's degree
- Total employment: 230 people (0.74 of every 1,000 jobs in the area)
- Required on-the-job training to attain competency: Internship/residency
KSai23 // Shutterstock
9 / 34#26. Chiropractors
- Median annual wage: $77,760
- Median hourly wage: $37.38
- Education required: Doctoral or professional degree
- Total employment: 70 people (0.21 of every 1,000 jobs in the area)
- Required on-the-job training to attain competency: None
#25. Healthcare social workers
Monkey Business Images // Shutterstock
11 / 34#24. Instructional coordinators
- Median annual wage: $82,040
- Median hourly wage: $39.44
- Education required: Master's degree
- Total employment: 270 people (0.85 of every 1,000 jobs in the area)
- Required on-the-job training to attain competency: None
VH-studio // Shutterstock
12 / 34#23. Educational, guidance, and career counselors and advisors
- Median annual wage: $91,100
- Median hourly wage: $43.80
- Education required: Master's degree
- Total employment: 650 people (2.08 of every 1,000 jobs in the area)
- Required on-the-job training to attain competency: None
#22. Nursing instructors and teachers, postsecondary
- Median annual wage: $92,290
- Median hourly wage: Not available
- Education required: Doctoral or professional degree
- Total employment: 50 people (0.15 of every 1,000 jobs in the area)
- Required on-the-job training to attain competency: None
#21. Postsecondary teachers, all other
- Median annual wage: $96,630
- Median hourly wage: Not available
- Education required: Doctoral or professional degree
- Total employment: 1,620 people (5.16 of every 1,000 jobs in the area)
- Required on-the-job training to attain competency: None
Jacob Lund // Shutterstock
15 / 34#20. Education administrators, postsecondary
- Median annual wage: $100,880
- Median hourly wage: $48.50
- Education required: Master's degree
- Total employment: 300 people (0.95 of every 1,000 jobs in the area)
- Required on-the-job training to attain competency: None
You may also like: How much house does $500,000 buy you in Oxnard?
ABO PHOTOGRAPHY // Shutterstock
16 / 34#19. Occupational therapists
- Median annual wage: $101,770
- Median hourly wage: $48.93
- Education required: Master's degree
- Total employment: 290 people (0.92 of every 1,000 jobs in the area)
- Required on-the-job training to attain competency: None
Chad McDermott // Shutterstock
17 / 34#18. Urban and regional planners
- Median annual wage: $101,870
- Median hourly wage: $48.98
- Education required: Master's degree
- Total employment: 120 people (0.38 of every 1,000 jobs in the area)
- Required on-the-job training to attain competency: None
luchschenF // Shutterstock
18 / 34#17. Biochemists and biophysicists
- Median annual wage: $103,190
- Median hourly wage: $49.61
- Education required: Doctoral or professional degree
- Total employment: 70 people (0.22 of every 1,000 jobs in the area)
- Required on-the-job training to attain competency: None
Gorodenkoff // Shutterstock
19 / 34#16. Medical scientists, except epidemiologists
- Median annual wage: $104,010
- Median hourly wage: $50.01
- Education required: Doctoral or professional degree
- Total employment: 160 people (0.53 of every 1,000 jobs in the area)
- Required on-the-job training to attain competency: None
#15. Speech-language pathologists
- Median annual wage: $104,540
- Median hourly wage: $50.26
- Education required: Master's degree
- Total employment: 320 people (1.03 of every 1,000 jobs in the area)
- Required on-the-job training to attain competency: Internship/residency
You may also like: Highest-rated Asian restaurants in Oxnard by diners
fizkes // Shutterstock
21 / 34#14. Clinical and counseling psychologists
- Median annual wage: $104,990
- Median hourly wage: $50.48
- Education required: Doctoral or professional degree
- Total employment: 150 people (0.47 of every 1,000 jobs in the area)
- Required on-the-job training to attain competency: Internship/residency
Gorodenkoff // Shutterstock
22 / 34#13. Computer and information research scientists
- Median annual wage: $105,770
- Median hourly wage: $50.85
- Education required: Master's degree
- Total employment: 270 people (0.85 of every 1,000 jobs in the area)
- Required on-the-job training to attain competency: None
Aykut Erdogdu // Shutterstock
23 / 34#12. Physical therapists
- Median annual wage: $108,020
- Median hourly wage: $51.94
- Education required: Doctoral or professional degree
- Total employment: 540 people (1.71 of every 1,000 jobs in the area)
- Required on-the-job training to attain competency: None
VH-studio // Shutterstock
24 / 34#11. School psychologists
- Median annual wage: $108,930
- Median hourly wage: $52.37
- Education required: Master's degree
- Total employment: 200 people (0.65 of every 1,000 jobs in the area)
- Required on-the-job training to attain competency: Internship/residency
#10. Veterinarians
- Median annual wage: $116,910
- Median hourly wage: $56.21
- Education required: Doctoral or professional degree
- Total employment: 270 people (0.87 of every 1,000 jobs in the area)
- Required on-the-job training to attain competency: None
You may also like: Oxnard's 2025 housing market year in review
Kzenon // Shutterstock
26 / 34#9. Optometrists
- Median annual wage: $117,310
- Median hourly wage: $56.40
- Education required: Doctoral or professional degree
- Total employment: 130 people (0.42 of every 1,000 jobs in the area)
- Required on-the-job training to attain competency: None
#8. Dentists, general
- Median annual wage: $124,320
- Median hourly wage: $59.77
- Education required: Doctoral or professional degree
- Total employment: 450 people (1.43 of every 1,000 jobs in the area)
- Required on-the-job training to attain competency: None
#7. Education administrators, kindergarten through secondary
- Median annual wage: $128,570
- Median hourly wage: Not available
- Education required: Master's degree
- Total employment: 580 people (1.86 of every 1,000 jobs in the area)
- Required on-the-job training to attain competency: None
Stokkete // Shutterstock
29 / 34#6. Physician assistants
- Median annual wage: $140,680
- Median hourly wage: $67.64
- Education required: Master's degree
- Total employment: Not available
- Required on-the-job training to attain competency: None
#5. Pharmacists
- Median annual wage: $152,720
- Median hourly wage: $73.42
- Education required: Doctoral or professional degree
- Total employment: 660 people (2.12 of every 1,000 jobs in the area)
- Required on-the-job training to attain competency: None
You may also like: Highest-paying jobs in Oxnard that require a graduate degree
Monkey Business Images // Shutterstock
31 / 34#4. Nurse practitioners
- Median annual wage: $152,930
- Median hourly wage: $73.52
- Education required: Master's degree
- Total employment: 200 people (0.63 of every 1,000 jobs in the area)
- Required on-the-job training to attain competency: None
#3. Lawyers
- Median annual wage: $164,240
- Median hourly wage: $78.96
- Education required: Doctoral or professional degree
- Total employment: 1,040 people (3.33 of every 1,000 jobs in the area)
- Required on-the-job training to attain competency: None
LightField Studios // Shutterstock
33 / 34#2. Psychiatrists
- Median annual wage: $169,560
- Median hourly wage: $81.52
- Education required: Doctoral or professional degree
- Total employment: 70 people (0.22 of every 1,000 jobs in the area)
- Required on-the-job training to attain competency: Internship/residency
#1. Family medicine physicians
- Median annual wage: $212,710
- Median hourly wage: $102.27
- Education required: Doctoral or professional degree
- Total employment: 290 people (0.94 of every 1,000 jobs in the area)
- Required on-the-job training to attain competency: Internship/residency