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 Pittsburgh, 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 Pittsburgh.
This story features data reporting and writing by Paxtyn Merten and is part of a series utilizing data automation across 366 metros.
1 / 50
#50. Biological science teachers, postsecondary
- Median annual wage: $77,230
- Median hourly wage: Not available
- Education required: Doctoral or professional degree
- Total employment: 340 people (0.32 of every 1,000 jobs in the area)
- Required on-the-job training to attain competency: None
2 / 50
#49. Genetic counselors
- Median annual wage: $77,290
- Median hourly wage: $37.16
- Education required: Master's degree
- Total employment: 110 people (0.1 of every 1,000 jobs in the area)
- Required on-the-job training to attain competency: None
3 / 50
#48. Orthotists and prosthetists
- Median annual wage: $77,870
- Median hourly wage: $37.44
- Education required: Master's degree
- Total employment: 110 people (0.11 of every 1,000 jobs in the area)
- Required on-the-job training to attain competency: Internship/residency
4 / 50
#47. Art, drama, and music teachers, postsecondary
- Median annual wage: $77,980
- Median hourly wage: Not available
- Education required: Master's degree
- Total employment: 860 people (0.81 of every 1,000 jobs in the area)
- Required on-the-job training to attain competency: None
5 / 50
#46. School psychologists
- Median annual wage: $78,870
- Median hourly wage: $37.92
- Education required: Master's degree
- Total employment: 310 people (0.29 of every 1,000 jobs in the area)
- Required on-the-job training to attain competency: Internship/residency
6 / 50
#45. Audiologists
- Median annual wage: $78,900
- Median hourly wage: $37.93
- Education required: Doctoral or professional degree
- Total employment: 80 people (0.07 of every 1,000 jobs in the area)
- Required on-the-job training to attain competency: None
7 / 50
#44. Area, ethnic, and cultural studies teachers, postsecondary
- Median annual wage: $78,990
- Median hourly wage: Not available
- Education required: Doctoral or professional degree
- Total employment: 30 people (0.03 of every 1,000 jobs in the area)
- Required on-the-job training to attain competency: None
8 / 50
#43. Speech-language pathologists
- Median annual wage: $79,100
- Median hourly wage: $38.03
- Education required: Master's degree
- Total employment: 1,070 people (1.01 of every 1,000 jobs in the area)
- Required on-the-job training to attain competency: Internship/residency
9 / 50
#42. Mathematical science teachers, postsecondary
- Median annual wage: $80,270
- Median hourly wage: Not available
- Education required: Doctoral or professional degree
- Total employment: 290 people (0.27 of every 1,000 jobs in the area)
- Required on-the-job training to attain competency: None
10 / 50
#41. Chemistry teachers, postsecondary
- Median annual wage: $80,350
- Median hourly wage: Not available
- Education required: Doctoral or professional degree
- Total employment: 210 people (0.2 of every 1,000 jobs in the area)
- Required on-the-job training to attain competency: None
11 / 50
#40. Education teachers, postsecondary
- Median annual wage: $80,810
- Median hourly wage: Not available
- Education required: Doctoral or professional degree
- Total employment: 500 people (0.47 of every 1,000 jobs in the area)
- Required on-the-job training to attain competency: None
12 / 50
#39. Nursing instructors and teachers, postsecondary
- Median annual wage: $81,210
- Median hourly wage: Not available
- Education required: Doctoral or professional degree
- Total employment: 680 people (0.65 of every 1,000 jobs in the area)
- Required on-the-job training to attain competency: None
13 / 50
#38. Social sciences teachers, postsecondary, all other
- Median annual wage: $81,570
- Median hourly wage: Not available
- Education required: Doctoral or professional degree
- Total employment: 100 people (0.1 of every 1,000 jobs in the area)
- Required on-the-job training to attain competency: None
14 / 50
#37. Healthcare diagnosing or treating practitioners, all other
- Median annual wage: $81,600
- Median hourly wage: $39.23
- Education required: Master's degree
- Total employment: 280 people (0.27 of every 1,000 jobs in the area)
- Required on-the-job training to attain competency: None
15 / 50
#36. Psychology teachers, postsecondary
- Median annual wage: $81,650
- Median hourly wage: Not available
- Education required: Doctoral or professional degree
- Total employment: 370 people (0.35 of every 1,000 jobs in the area)
- Required on-the-job training to attain competency: None
16 / 50
#35. Psychologists, all other
- Median annual wage: $81,890
- Median hourly wage: $39.37
- Education required: Master's degree
- Total employment: 170 people (0.16 of every 1,000 jobs in the area)
- Required on-the-job training to attain competency: Internship/residency
17 / 50
#34. Sociology teachers, postsecondary
- Median annual wage: $82,150
- Median hourly wage: Not available
- Education required: Doctoral or professional degree
- Total employment: 60 people (0.06 of every 1,000 jobs in the area)
- Required on-the-job training to attain competency: None
18 / 50
#33. Occupational therapists
- Median annual wage: $82,540
- Median hourly wage: $39.68
- Education required: Master's degree
- Total employment: 1,110 people (1.05 of every 1,000 jobs in the area)
- Required on-the-job training to attain competency: None
19 / 50
#32. Communications teachers, postsecondary
- Median annual wage: $82,590
- Median hourly wage: Not available
- Education required: Doctoral or professional degree
- Total employment: 130 people (0.12 of every 1,000 jobs in the area)
- Required on-the-job training to attain competency: None
20 / 50
#31. Foreign language and literature teachers, postsecondary
- Median annual wage: $83,280
- Median hourly wage: Not available
- Education required: Doctoral or professional degree
- Total employment: 200 people (0.19 of every 1,000 jobs in the area)
- Required on-the-job training to attain competency: None
21 / 50
#30. Administrative law judges, adjudicators, and hearing officers
- Median annual wage: $91,190
- Median hourly wage: $43.84
- Education required: Doctoral or professional degree
- Total employment: 100 people (0.09 of every 1,000 jobs in the area)
- Required on-the-job training to attain competency: Short-term on-the-job training
22 / 50
#29. Anthropology and archeology teachers, postsecondary
- Median annual wage: $92,030
- Median hourly wage: Not available
- Education required: Doctoral or professional degree
- Total employment: 40 people (0.04 of every 1,000 jobs in the area)
- Required on-the-job training to attain competency: None
23 / 50
#28. Physics teachers, postsecondary
- Median annual wage: $94,020
- Median hourly wage: Not available
- Education required: Doctoral or professional degree
- Total employment: 130 people (0.12 of every 1,000 jobs in the area)
- Required on-the-job training to attain competency: None
24 / 50
#27. Atmospheric, earth, marine, and space sciences teachers, postsecondary
- Median annual wage: $96,010
- Median hourly wage: Not available
- Education required: Doctoral or professional degree
- Total employment: 60 people (0.06 of every 1,000 jobs in the area)
- Required on-the-job training to attain competency: None
25 / 50
#26. Education administrators, postsecondary
- Median annual wage: $96,290
- Median hourly wage: $46.29
- Education required: Master's degree
- Total employment: 1,250 people (1.18 of every 1,000 jobs in the area)
- Required on-the-job training to attain competency: None
26 / 50
#25. Physical therapists
- Median annual wage: $96,710
- Median hourly wage: $46.50
- Education required: Doctoral or professional degree
- Total employment: 2,070 people (1.96 of every 1,000 jobs in the area)
- Required on-the-job training to attain competency: None
27 / 50
#24. Computer science teachers, postsecondary
- Median annual wage: $97,990
- Median hourly wage: Not available
- Education required: Doctoral or professional degree
- Total employment: 590 people (0.56 of every 1,000 jobs in the area)
- Required on-the-job training to attain competency: None
28 / 50
#23. History teachers, postsecondary
- Median annual wage: $99,390
- Median hourly wage: Not available
- Education required: Doctoral or professional degree
- Total employment: 170 people (0.16 of every 1,000 jobs in the area)
- Required on-the-job training to attain competency: None
29 / 50
#22. Economists
- Median annual wage: $100,060
- Median hourly wage: $48.11
- Education required: Master's degree
- Total employment: 70 people (0.06 of every 1,000 jobs in the area)
- Required on-the-job training to attain competency: None
30 / 50
#21. Nurse midwives
- Median annual wage: $100,730
- Median hourly wage: $48.43
- Education required: Master's degree
- Total employment: 40 people (0.04 of every 1,000 jobs in the area)
- Required on-the-job training to attain competency: None
31 / 50
#20. Physician assistants
- Median annual wage: $100,840
- Median hourly wage: $48.48
- Education required: Master's degree
- Total employment: 1,290 people (1.22 of every 1,000 jobs in the area)
- Required on-the-job training to attain competency: None
32 / 50
#19. Veterinarians
- Median annual wage: $101,350
- Median hourly wage: $48.73
- Education required: Doctoral or professional degree
- Total employment: 600 people (0.57 of every 1,000 jobs in the area)
- Required on-the-job training to attain competency: None
33 / 50
#18. Education administrators, kindergarten through secondary
- Median annual wage: $103,490
- Median hourly wage: Not available
- Education required: Master's degree
- Total employment: 1,510 people (1.43 of every 1,000 jobs in the area)
- Required on-the-job training to attain competency: None
34 / 50
#17. Business teachers, postsecondary
- Median annual wage: $104,060
- Median hourly wage: Not available
- Education required: Doctoral or professional degree
- Total employment: 740 people (0.7 of every 1,000 jobs in the area)
- Required on-the-job training to attain competency: None
35 / 50
#16. Economics teachers, postsecondary
- Median annual wage: $105,190
- Median hourly wage: Not available
- Education required: Doctoral or professional degree
- Total employment: 90 people (0.09 of every 1,000 jobs in the area)
- Required on-the-job training to attain competency: None
36 / 50
#15. Engineering teachers, postsecondary
- Median annual wage: $107,900
- Median hourly wage: Not available
- Education required: Doctoral or professional degree
- Total employment: 760 people (0.72 of every 1,000 jobs in the area)
- Required on-the-job training to attain competency: None
37 / 50
#14. Nurse practitioners
- Median annual wage: $109,520
- Median hourly wage: $52.66
- Education required: Master's degree
- Total employment: 1,730 people (1.64 of every 1,000 jobs in the area)
- Required on-the-job training to attain competency: None
38 / 50
#13. Podiatrists
- Median annual wage: $114,700
- Median hourly wage: $55.15
- Education required: Doctoral or professional degree
- Total employment: 70 people (0.07 of every 1,000 jobs in the area)
- Required on-the-job training to attain competency: Internship/residency
39 / 50
#12. Lawyers
- Median annual wage: $119,110
- Median hourly wage: $57.26
- Education required: Doctoral or professional degree
- Total employment: 4,530 people (4.28 of every 1,000 jobs in the area)
- Required on-the-job training to attain competency: None
40 / 50
#11. Dentists, general
- Median annual wage: $120,170
- Median hourly wage: $57.78
- Education required: Doctoral or professional degree
- Total employment: 990 people (0.93 of every 1,000 jobs in the area)
- Required on-the-job training to attain competency: None
41 / 50
#10. Optometrists
- Median annual wage: $127,870
- Median hourly wage: $61.48
- Education required: Doctoral or professional degree
- Total employment: 220 people (0.2 of every 1,000 jobs in the area)
- Required on-the-job training to attain competency: None
42 / 50
#9. Pharmacists
- Median annual wage: $128,760
- Median hourly wage: $61.90
- Education required: Doctoral or professional degree
- Total employment: 3,180 people (3.01 of every 1,000 jobs in the area)
- Required on-the-job training to attain competency: None
43 / 50
#8. Computer and information research scientists
- Median annual wage: $140,240
- Median hourly wage: $67.42
- Education required: Master's degree
- Total employment: 140 people (0.13 of every 1,000 jobs in the area)
- Required on-the-job training to attain competency: None
44 / 50
#7. Physicists
- Median annual wage: $175,520
- Median hourly wage: $84.38
- Education required: Doctoral or professional degree
- Total employment: 50 people (0.04 of every 1,000 jobs in the area)
- Required on-the-job training to attain competency: None
45 / 50
#6. Nurse anesthetists
- Median annual wage: $189,700
- Median hourly wage: $91.20
- Education required: Master's degree
- Total employment: 510 people (0.48 of every 1,000 jobs in the area)
- Required on-the-job training to attain competency: None
46 / 50
#5. Pediatricians, general
- Median annual wage: $193,440
- Median hourly wage: $93.00
- Education required: Doctoral or professional degree
- Total employment: 200 people (0.19 of every 1,000 jobs in the area)
- Required on-the-job training to attain competency: Internship/residency
47 / 50
#4. Family medicine physicians
- Median annual wage: $202,340
- Median hourly wage: $97.28
- Education required: Doctoral or professional degree
- Total employment: 1,700 people (1.61 of every 1,000 jobs in the area)
- Required on-the-job training to attain competency: Internship/residency
48 / 50
#3. Psychiatrists
- Median annual wage: $224,800
- Median hourly wage: $108.08
- Education required: Doctoral or professional degree
- Total employment: 100 people (0.1 of every 1,000 jobs in the area)
- Required on-the-job training to attain competency: Internship/residency
49 / 50
#1. General internal medicine physicians (tie)
- Median annual wage: Exact median salary unknown; at least $239,200 per year or $115 per hour
- Education required: Doctoral or professional degree
- Total employment: 240 people (0.22 of every 1,000 jobs in the area)
- Required on-the-job training to attain competency: Internship/residency
50 / 50
#1. Ophthalmologists, except pediatric (tie)
- Median annual wage: Exact median salary unknown; at least $239,200 per year or $115 per hour
- Education required: Doctoral or professional degree
- Total employment: 70 people (0.07 of every 1,000 jobs in the area)
- Required on-the-job training to attain competency: Internship/residency