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1 / 49#49. Educational, guidance, and career counselors and advisors
- Median annual wage: $56,940
- Median hourly wage: $27.38
- Total employment: 210 people (1.43 of every 1,000 jobs in the area)
Highest-paying jobs in Fargo that require a graduate degree
Earning top dollar often requires more education than an undergraduate degree. Of course, doctors, lawyers, and professors all need extra years of focused study in their respective fields, but they're not alone. Graduate degrees in industries like business, engineering, and mathematics build specialized knowledge that can fast-track one's career—and salary.
In 2024, master's degree holders earned a weekly median of $1,840, a 19% premium over undergraduate degree holders. Meanwhile, doctorates earned $2,278, and professional degree holders earned $2,363.
However, wages can vary widely by occupation. Stacker used Bureau of Labor Statistics data to find the highest-paying jobs in Fargo that require a graduate degree in Fargo. This includes doctorates, master's degrees, and professional degrees. Jobs are ranked by their median annual pay as of May 2024, so any jobs without annual compensation figures available were excluded from this analysis.
Beyond offering higher pay, a master's degree may also provide greater job security. The unemployment rate for a master's degree holder was 2.2% in 2024, compared to 2.5% for undergraduate degree holders. Unemployment is close to 1% among those with doctorates and professional degrees.
According to a May 2025 report from ResumeGenius, many employers believe a graduate degree showcases an employee's drive and commitment, leading to better job prospects. But that comes at a price. Between 2000 and 2020, median annual tuition and fees for graduate degree programs increased by 233%. Unsurprisingly, median cumulative grad school debt also increased, rising 47% to $50,000.
Depending on the career field, the expense may be difficult to justify. Georgetown University's Center on Education and the Workforce found that full-time workers with graduate degrees in STEM fields earned $128,000 annually, almost twice as much as their counterparts in humanities and the arts. Meanwhile, a humanities graduate degree brought only 10% more earnings than a bachelor's degree.
Keep reading to find out how much graduate degree holders can earn in different roles.
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2 / 49#48. Rehabilitation counselors
- Median annual wage: $58,370
- Median hourly wage: $28.06
- Total employment: 70 people (0.48 of every 1,000 jobs in the area)
DGLimages // Shutterstock
3 / 49#47. Healthcare social workers
- Median annual wage: $60,750
- Median hourly wage: $29.21
- Total employment: 120 people (0.8 of every 1,000 jobs in the area)
DGLimages // Shutterstock
4 / 49#46. Mental health and substance abuse social workers
- Median annual wage: $61,100
- Median hourly wage: $29.38
- Total employment: 110 people (0.72 of every 1,000 jobs in the area)
Rawpixel.com // Shutterstock
5 / 49#45. Substance abuse, behavioral disorder, and mental health counselors
- Median annual wage: $61,680
- Median hourly wage: $29.65
- Total employment: 630 people (4.27 of every 1,000 jobs in the area)
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6 / 49#44. Marriage and family therapists
- Median annual wage: $62,610
- Median hourly wage: $30.10
- Total employment: 70 people (0.49 of every 1,000 jobs in the area)
DenisProduction.com // Shutterstock
7 / 49#43. Athletic trainers
- Median annual wage: $62,950
- Median hourly wage: Not available
- Total employment: 60 people (0.42 of every 1,000 jobs in the area)
GaudiLab // Shutterstock
8 / 49#42. Librarians and media collections specialists
- Median annual wage: $64,570
- Median hourly wage: $31.04
- Total employment: 130 people (0.87 of every 1,000 jobs in the area)
Monkey Business Images // Shutterstock
9 / 49#41. Instructional coordinators
- Median annual wage: $70,510
- Median hourly wage: $33.90
- Total employment: 140 people (0.98 of every 1,000 jobs in the area)
Daniel Besic // Shutterstock
10 / 49#40. English language and literature teachers, postsecondary
- Median annual wage: $74,900
- Median hourly wage: Not available
- Total employment: 50 people (0.36 of every 1,000 jobs in the area)
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11 / 49#39. Medical scientists, except epidemiologists
- Median annual wage: $76,030
- Median hourly wage: $36.55
- Total employment: 150 people (1.01 of every 1,000 jobs in the area)
Drazen Zigic // Shutterstock
12 / 49#38. Postsecondary teachers, all other
- Median annual wage: $77,360
- Median hourly wage: Not available
- Total employment: 160 people (1.12 of every 1,000 jobs in the area)
ABO PHOTOGRAPHY / Shutterstock
13 / 49#37. Speech-language pathologists
- Median annual wage: $78,420
- Median hourly wage: $37.70
- Total employment: 190 people (1.31 of every 1,000 jobs in the area)
ABO PHOTOGRAPHY // Shutterstock
14 / 49#36. Occupational therapists
- Median annual wage: $78,760
- Median hourly wage: $37.86
- Total employment: 210 people (1.44 of every 1,000 jobs in the area)
Dusan Petkovic // Shutterstock
15 / 49#35. Counselors, all other
- Median annual wage: $79,950
- Median hourly wage: $38.44
- Total employment: 40 people (0.26 of every 1,000 jobs in the area)
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16 / 49#34. Chiropractors
- Median annual wage: $81,580
- Median hourly wage: $39.22
- Total employment: 80 people (0.51 of every 1,000 jobs in the area)
Gorodenkoff // Shutterstock
17 / 49#33. Mathematical science teachers, postsecondary
- Median annual wage: $82,890
- Median hourly wage: Not available
- Total employment: 70 people (0.45 of every 1,000 jobs in the area)
Chad McDermott // Shutterstock
18 / 49#32. Urban and regional planners
- Median annual wage: $84,450
- Median hourly wage: $40.60
- Total employment: 30 people (0.23 of every 1,000 jobs in the area)
Aykut Erdogdu // Shutterstock
19 / 49#31. Physical therapists
- Median annual wage: $85,480
- Median hourly wage: $41.10
- Total employment: 320 people (2.18 of every 1,000 jobs in the area)
Gorodenkoff // Shutterstock
20 / 49#30. Nursing instructors and teachers, postsecondary
- Median annual wage: $93,980
- Median hourly wage: Not available
- Total employment: 80 people (0.56 of every 1,000 jobs in the area)
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21 / 49#29. Clinical and counseling psychologists
- Median annual wage: $95,890
- Median hourly wage: $46.10
- Total employment: 60 people (0.39 of every 1,000 jobs in the area)
voronaman // Shutterstock
22 / 49#28. Philosophy and religion teachers, postsecondary
- Median annual wage: $97,030
- Median hourly wage: Not available
- Total employment: 30 people (0.21 of every 1,000 jobs in the area)
Drazen Zigic // Shutterstock
23 / 49#27. Education teachers, postsecondary
- Median annual wage: $99,660
- Median hourly wage: Not available
- Total employment: 70 people (0.5 of every 1,000 jobs in the area)
Jacob Lund // Shutterstock
24 / 49#26. Psychology teachers, postsecondary
- Median annual wage: $100,340
- Median hourly wage: Not available
- Total employment: 40 people (0.28 of every 1,000 jobs in the area)
Zivica Kerkez // Shutterstock
25 / 49#25. Veterinarians
- Median annual wage: $102,160
- Median hourly wage: $49.12
- Total employment: 80 people (0.57 of every 1,000 jobs in the area)
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26 / 49#24. Lawyers
- Median annual wage: $103,320
- Median hourly wage: $49.67
- Total employment: 370 people (2.53 of every 1,000 jobs in the area)
Jacob Lund // Shutterstock
27 / 49#23. Biological science teachers, postsecondary
- Median annual wage: $103,720
- Median hourly wage: Not available
- Total employment: 100 people (0.68 of every 1,000 jobs in the area)
Jacob Lund // Shutterstock
28 / 49#22. Health specialties teachers, postsecondary
- Median annual wage: $104,480
- Median hourly wage: Not available
- Total employment: 150 people (1.0 of every 1,000 jobs in the area)
Jacob Lund // Shutterstock
29 / 49#21. Education administrators, postsecondary
- Median annual wage: $107,280
- Median hourly wage: $51.58
- Total employment: 210 people (1.42 of every 1,000 jobs in the area)
Krakenimages.com // Shutterstock
30 / 49#20. Education administrators, kindergarten through secondary
- Median annual wage: $111,630
- Median hourly wage: Not available
- Total employment: 180 people (1.22 of every 1,000 jobs in the area)
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Gorodenkoff // Shutterstock
31 / 49#19. Computer science teachers, postsecondary
- Median annual wage: $128,620
- Median hourly wage: Not available
- Total employment: 40 people (0.28 of every 1,000 jobs in the area)
Kzenon // Shutterstock
32 / 49#18. Optometrists
- Median annual wage: $128,780
- Median hourly wage: $61.91
- Total employment: 40 people (0.29 of every 1,000 jobs in the area)
Stokkete // Shutterstock
33 / 49#17. Physician assistants
- Median annual wage: $129,070
- Median hourly wage: $62.06
- Total employment: 230 people (1.56 of every 1,000 jobs in the area)
Monkey Business Images // Shutterstock
34 / 49#16. Nurse practitioners
- Median annual wage: $129,130
- Median hourly wage: $62.08
- Total employment: 460 people (3.1 of every 1,000 jobs in the area)
Matej Kastelic // Shutterstock
35 / 49#15. Business teachers, postsecondary
- Median annual wage: $131,760
- Median hourly wage: Not available
- Total employment: 130 people (0.85 of every 1,000 jobs in the area)
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Drazen Zigic // Shutterstock
36 / 49#14. Pharmacists
- Median annual wage: $136,270
- Median hourly wage: $65.52
- Total employment: 500 people (3.42 of every 1,000 jobs in the area)
Prostock-studio // Shutterstock
37 / 49#13. Dentists, general
- Median annual wage: $194,620
- Median hourly wage: $93.57
- Total employment: 90 people (0.59 of every 1,000 jobs in the area)
Jacob Lund // Shutterstock
38 / 49#12. Pediatricians, general
- Median annual wage: $226,000
- Median hourly wage: $108.66
- Total employment: 70 people (0.44 of every 1,000 jobs in the area)
LightField Studios // Shutterstock
39 / 49#11. Nurse anesthetists
- Median annual wage: $232,420
- Median hourly wage: $111.74
- Total employment: 140 people (0.92 of every 1,000 jobs in the area)
Roman Zaiets // Shutterstock
40 / 49#1. Orthopedic surgeons, except pediatric (tie)
- Median annual wage: At least $239,200
- Median hourly wage: At least $115.00
- Total employment: 40 people (0.24 of every 1,000 jobs in the area)
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41 / 49#1. Cardiologists (tie)
- Median annual wage: At least $239,200
- Median hourly wage: At least $115.00
- Total employment: 30 people (0.22 of every 1,000 jobs in the area)
Monkey Business Images // Shutterstock
42 / 49#1. Anesthesiologists (tie)
- Median annual wage: At least $239,200
- Median hourly wage: At least $115.00
- Total employment: 40 people (0.29 of every 1,000 jobs in the area)
Photoroyalty // Shutterstock
43 / 49#1. Surgeons, all other (tie)
- Median annual wage: At least $239,200
- Median hourly wage: At least $115.00
- Total employment: 70 people (0.5 of every 1,000 jobs in the area)
Djols // Shutterstock
44 / 49#1. Emergency medicine physicians (tie)
- Median annual wage: At least $239,200
- Median hourly wage: At least $115.00
- Total employment: 70 people (0.47 of every 1,000 jobs in the area)
wutzkohphoto // Shutterstock
45 / 49#1. Physicians, all other (tie)
- Median annual wage: At least $239,200
- Median hourly wage: At least $115.00
- Total employment: 260 people (1.76 of every 1,000 jobs in the area)
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Roman Zaiets // Shutterstock
46 / 49#1. Radiologists (tie)
- Median annual wage: At least $239,200
- Median hourly wage: At least $115.00
- Total employment: 50 people (0.31 of every 1,000 jobs in the area)
BlurryMe // Shutterstock
47 / 49#1. General internal medicine physicians (tie)
- Median annual wage: At least $239,200
- Median hourly wage: At least $115.00
- Total employment: 90 people (0.59 of every 1,000 jobs in the area)
Jacob Lund // Shutterstock
48 / 49#1. Obstetricians and gynecologists (tie)
- Median annual wage: At least $239,200
- Median hourly wage: At least $115.00
- Total employment: 50 people (0.32 of every 1,000 jobs in the area)
PeopleImages.com - Yuri A // Shutterstock
49 / 49#1. Family medicine physicians (tie)
- Median annual wage: At least $239,200
- Median hourly wage: At least $115.00
- Total employment: 90 people (0.58 of every 1,000 jobs in the area)
This story features data reporting by Wade Zhou, writing by Jill Jaracz, and is part of a series utilizing data automation across 364 metros.
