DenisProduction.com // Shutterstock
1 / 42#42. Athletic trainers
- Median annual wage: $52,520
- Median hourly wage: Not available
- Total employment: 30 people (0.17 of every 1,000 jobs in the area)
Highest-paying jobs in Salem that require a graduate degree
Earning top dollar typically requires more education than an undergraduate degree can provide. Doctors, lawyers, and professors need extra years of focused study for their chosen fields, but they're not alone. Graduate degrees in fields like business, teaching, and public health build specialized knowledge that can fast-track a career—and one's salary.
Many hiring managers view a master's degree as the equivalent of two years of work experience, giving graduate degree holders a leg up. In 2024, master's degree holders earned a weekly median of $1,840, a 19% premium over undergraduate degree holders. Doctorates earned $2,278, and professional degree holders earned $2,363.
Stacker used Bureau of Labor Statistics data to find the highest-paying jobs in Salem that require a graduate degree in Salem. 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.
Job security is another benefit. The unemployment rate for a master's degree holder is 2.2%, compared to 2.5% for undergraduate degree holders. Doctorates and professional degree holders' unemployment rate is close to 1%.
Employers believe a graduate degree showcases an employee's drive and commitment, but that comes at a price. Between 2000 and 2020, median annual tuition and fees for graduate degree programs increased by 233%. Unsurprisingly, median student debt has also increased, rising 47% to $50,000.
Depending on the career field, some prospective students may find it difficult to justify the expense. Georgetown University's Center on Education and the Workforce found that full-time workers in STEM fields earned $128,000 annually, almost twice as much as their degreed counterparts in humanities and the arts. A graduate degree in humanities also only brought a 10% earnings premium over someone with a bachelor's degree.
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Photographee.eu // Shutterstock
2 / 42#41. Rehabilitation counselors
- Median annual wage: $54,790
- Median hourly wage: $26.34
- Total employment: 360 people (1.91 of every 1,000 jobs in the area)
DGLimages // Shutterstock
3 / 42#40. Mental health and substance abuse social workers
- Median annual wage: $72,640
- Median hourly wage: $34.92
- Total employment: 330 people (1.78 of every 1,000 jobs in the area)
GaudiLab // Shutterstock
4 / 42#39. Librarians and media collections specialists
- Median annual wage: $73,740
- Median hourly wage: $35.45
- Total employment: 150 people (0.8 of every 1,000 jobs in the area)
Drazen Zigic // Shutterstock
5 / 42#38. Education teachers, postsecondary
- Median annual wage: $74,360
- Median hourly wage: Not available
- Total employment: 30 people (0.17 of every 1,000 jobs in the area)
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6 / 42#37. Substance abuse, behavioral disorder, and mental health counselors
- Median annual wage: $74,810
- Median hourly wage: $35.97
- Total employment: 460 people (2.48 of every 1,000 jobs in the area)
Daxiao Productions // Shutterstock
7 / 42#36. Marriage and family therapists
- Median annual wage: $76,140
- Median hourly wage: $36.61
- Total employment: 90 people (0.51 of every 1,000 jobs in the area)
VH-studio // Shutterstock
8 / 42#35. Educational, guidance, and career counselors and advisors
- Median annual wage: $76,200
- Median hourly wage: $36.64
- Total employment: 340 people (1.82 of every 1,000 jobs in the area)
KSai23 // Shutterstock
9 / 42#34. Chiropractors
- Median annual wage: $79,610
- Median hourly wage: $38.27
- Total employment: 40 people (0.21 of every 1,000 jobs in the area)
DGLimages // Shutterstock
10 / 42#33. Healthcare social workers
- Median annual wage: $80,720
- Median hourly wage: $38.81
- Total employment: 120 people (0.66 of every 1,000 jobs in the area)
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Drazen Zigic // Shutterstock
11 / 42#32. Postsecondary teachers, all other
- Median annual wage: $84,520
- Median hourly wage: Not available
- Total employment: 540 people (2.88 of every 1,000 jobs in the area)
VH-studio // Shutterstock
12 / 42#31. School psychologists
- Median annual wage: $91,660
- Median hourly wage: $44.07
- Total employment: 110 people (0.57 of every 1,000 jobs in the area)
Pheelings media // Shutterstock
13 / 42#30. Statisticians
- Median annual wage: $93,620
- Median hourly wage: $45.01
- Total employment: 200 people (1.1 of every 1,000 jobs in the area)
Jacob Lund // Shutterstock
14 / 42#29. Health specialties teachers, postsecondary
- Median annual wage: $93,700
- Median hourly wage: Not available
- Total employment: 100 people (0.55 of every 1,000 jobs in the area)
Daniel Besic // Shutterstock
15 / 42#28. English language and literature teachers, postsecondary
- Median annual wage: $94,910
- Median hourly wage: Not available
- Total employment: 40 people (0.22 of every 1,000 jobs in the area)
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Matej Kastelic // Shutterstock
16 / 42#27. Business teachers, postsecondary
- Median annual wage: $95,190
- Median hourly wage: Not available
- Total employment: 30 people (0.18 of every 1,000 jobs in the area)
Gorodenkoff // Shutterstock
17 / 42#26. Mathematical science teachers, postsecondary
- Median annual wage: $95,440
- Median hourly wage: Not available
- Total employment: 30 people (0.18 of every 1,000 jobs in the area)
Pressmaster // Shutterstock
18 / 42#25. Art, drama, and music teachers, postsecondary
- Median annual wage: $95,950
- Median hourly wage: Not available
- Total employment: 50 people (0.29 of every 1,000 jobs in the area)
Aykut Erdogdu // Shutterstock
19 / 42#24. Physical therapists
- Median annual wage: $98,070
- Median hourly wage: $47.15
- Total employment: 270 people (1.45 of every 1,000 jobs in the area)
Monkey Business Images // Shutterstock
20 / 42#23. Instructional coordinators
- Median annual wage: $98,110
- Median hourly wage: $47.17
- Total employment: 420 people (2.24 of every 1,000 jobs in the area)
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ABO PHOTOGRAPHY / Shutterstock
21 / 42#22. Speech-language pathologists
- Median annual wage: $98,680
- Median hourly wage: $47.44
- Total employment: 140 people (0.75 of every 1,000 jobs in the area)
Chad McDermott // Shutterstock
22 / 42#21. Urban and regional planners
- Median annual wage: $100,070
- Median hourly wage: $48.11
- Total employment: 130 people (0.69 of every 1,000 jobs in the area)
Zivica Kerkez // Shutterstock
23 / 42#20. Veterinarians
- Median annual wage: $101,380
- Median hourly wage: $48.74
- Total employment: 120 people (0.66 of every 1,000 jobs in the area)
ABO PHOTOGRAPHY // Shutterstock
24 / 42#19. Occupational therapists
- Median annual wage: $102,320
- Median hourly wage: $49.19
- Total employment: 170 people (0.92 of every 1,000 jobs in the area)
Petekub // Shutterstock
25 / 42#18. Economists
- Median annual wage: $113,350
- Median hourly wage: $54.50
- Total employment: 50 people (0.24 of every 1,000 jobs in the area)
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Jacob Lund // Shutterstock
26 / 42#17. Education administrators, postsecondary
- Median annual wage: $124,190
- Median hourly wage: $59.71
- Total employment: 160 people (0.84 of every 1,000 jobs in the area)
Kzenon // Shutterstock
27 / 42#16. Optometrists
- Median annual wage: $128,820
- Median hourly wage: $61.93
- Total employment: 50 people (0.25 of every 1,000 jobs in the area)
Krakenimages.com // Shutterstock
28 / 42#15. Education administrators, kindergarten through secondary
- Median annual wage: $130,490
- Median hourly wage: Not available
- Total employment: 460 people (2.46 of every 1,000 jobs in the area)
Stokkete // Shutterstock
29 / 42#14. Physician assistants
- Median annual wage: $133,630
- Median hourly wage: $64.25
- Total employment: 180 people (0.95 of every 1,000 jobs in the area)
fizkes // Shutterstock
30 / 42#13. Clinical and counseling psychologists
- Median annual wage: $134,440
- Median hourly wage: $64.64
- Total employment: 110 people (0.57 of every 1,000 jobs in the area)
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Monkey Business Images // Shutterstock
31 / 42#12. Nurse practitioners
- Median annual wage: $149,630
- Median hourly wage: $71.94
- Total employment: 270 people (1.47 of every 1,000 jobs in the area)
antoniodiaz // Shutterstock
32 / 42#11. Nurse midwives
- Median annual wage: $151,830
- Median hourly wage: $73.00
- Total employment: 30 people (0.17 of every 1,000 jobs in the area)
Nicola Forenza // Shutterstock
33 / 42#10. Lawyers
- Median annual wage: $157,510
- Median hourly wage: $75.73
- Total employment: 800 people (4.28 of every 1,000 jobs in the area)
Drazen Zigic // Shutterstock
34 / 42#9. Pharmacists
- Median annual wage: $163,120
- Median hourly wage: $78.42
- Total employment: 320 people (1.69 of every 1,000 jobs in the area)
Jacob Lund // Shutterstock
35 / 42#8. Pediatricians, general
- Median annual wage: $172,230
- Median hourly wage: $82.80
- Total employment: 70 people (0.37 of every 1,000 jobs in the area)
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Sebastian Duda // Shutterstock
36 / 42#7. Judges, magistrate judges, and magistrates
- Median annual wage: $174,320
- Median hourly wage: $83.81
- Total employment: 90 people (0.46 of every 1,000 jobs in the area)
Prostock-studio // Shutterstock
37 / 42#6. Dentists, general
- Median annual wage: $198,300
- Median hourly wage: $95.34
- Total employment: 130 people (0.68 of every 1,000 jobs in the area)
wutzkohphoto // Shutterstock
38 / 42#1. Physicians, all other (tie)
- Median annual wage: At least $239,200
- Median hourly wage: At least $115.00
- Total employment: 350 people (1.86 of every 1,000 jobs in the area)
PeopleImages.com - Yuri A // Shutterstock
39 / 42#1. Family medicine physicians (tie)
- Median annual wage: At least $239,200
- Median hourly wage: At least $115.00
- Total employment: 150 people (0.82 of every 1,000 jobs in the area)
Dmytro Zinkevych // Shutterstock
40 / 42#1. Dermatologists (tie)
- Median annual wage: At least $239,200
- Median hourly wage: At least $115.00
- Total employment: Not available
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LightField Studios // Shutterstock
41 / 42#1. Psychiatrists (tie)
- Median annual wage: At least $239,200
- Median hourly wage: At least $115.00
- Total employment: 80 people (0.45 of every 1,000 jobs in the area)
Photoroyalty // Shutterstock
42 / 42#1. Surgeons, all other (tie)
- Median annual wage: At least $239,200
- Median hourly wage: At least $115.00
- Total employment: 60 people (0.3 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 363 metros.
