2012′s Best Jobs for Master’s Degree Grads
This is the fourth post in a series about the best jobs by ed level for 2012. See the original post here.
In this post we explore 2012′s best-performing jobs based on growth and income at the master degree level. Our analysis is based on labor market data from EMSI’s 2012.1 Covered Employment release, which is drawn from over 80 state and federal data sources. We use Analyst, EMSI’s web-based labor market analysis tool, to assemble and filter this data that contains detailed information on over 1,100 industries and 800 occupations.
The Greatest Number of New Jobs
Our first table shows the occupations related to Master’s level education that have gained the greatest number of new jobs since 20008. Here are the biggest winners:
- Physical therapists – 19,300 new jobs
- Physician assistants – 11,000 new jobs
- Mental health & substance abuse social workers - 10,400 new jobs
Notice that nearly all the occupations here are linked with either healthcare (SOC code 29) or community & social services (SOC 21).
| SOC Code | Description | 2008 Jobs | 2012 Jobs | Change | % Change | 2011 Median Hourly Wage | 2011 Avg Hourly Wage | Education Level |
|---|---|---|---|---|---|---|---|---|
| Source: EMSI Covered Employment – 2012.1 | ||||||||
| 19-3094 | Political Scientists | 3,969 | 4,339 | 370 | 9% | $48.01 | $48.98 | Master’s degree |
| 19-3032 | Industrial-Organizational Psychologists | 1,756 | 1,678 | (78) | (4%) | $44.68 | $49.24 | Master’s degree |
| 19-3011 | Economists | 12,832 | 16,079 | 3,247 | 25% | $43.87 | $47.00 | Master’s degree |
| 19-2042 | Geoscientists, Except Hydrologists and Geographers | 32,035 | 33,313 | 1,278 | 4% | $42.39 | $44.99 | Master’s degree |
| 19-3039 | Psychologists, All Other | 9,868 | 10,589 | 721 | 7% | $41.19 | $40.61 | Master’s degree |
| 29-1071 | Physician Assistants | 73,124 | 84,013 | 10,889 | 15% | $40.47 | $40.79 | Master’s degree |
| 29-1123 | Physical Therapists | 165,255 | 184,559 | 19,304 | 12% | $35.85 | $36.64 | Master’s degree |
| 19-2043 | Hydrologists | 7,366 | 7,513 | 147 | 2% | $35.82 | $36.89 | Master’s degree |
| 19-3092 | Geographers | 1,097 | 1,445 | 348 | 32% | $35.22 | $34.85 | Master’s degree |
| 15-2041 | Statisticians | 21,529 | 21,914 | 385 | 2% | $35.03 | $36.23 | Master’s degree |
Best % Growth
- Geographers grew by 32%
- Economists grew by 25% (kinda not surprised)
- Physician assistants grew by 15%
- Physical therapists grew by 12%
It’s always interesting to notice which jobs have grown by both numbers and percent (such as physician assistants) as opposed to those that have impressive proportionate growth while adding paltry few new jobs (geographers).
| SOC Code | Description | 2008 Jobs | 2012 Jobs | Change | % Change | 2011 Median Hourly Wage | 2011 Avg Hourly Wage | Education Level |
|---|---|---|---|---|---|---|---|---|
| Source: EMSI Covered Employment – 2012.1 | ||||||||
| 19-3092 | Geographers | 1,097 | 1,445 | 348 | 32% | $35.22 | $34.85 | Master’s degree |
| 19-3011 | Economists | 12,832 | 16,079 | 3,247 | 25% | $43.87 | $47.00 | Master’s degree |
| 29-1071 | Physician Assistants | 73,124 | 84,013 | 10,889 | 15% | $40.47 | $40.79 | Master’s degree |
| 29-1123 | Physical Therapists | 165,255 | 184,559 | 19,304 | 12% | $35.85 | $36.64 | Master’s degree |
| 19-3099 | Social Scientists and Related Workers, All Other | 28,265 | 31,499 | 3,234 | 11% | $33.93 | $35.37 | Master’s degree |
| 19-3094 | Political Scientists | 3,969 | 4,339 | 370 | 9% | $48.01 | $48.98 | Master’s degree |
| 21-1023 | Mental Health and Substance Abuse Social Workers | 122,037 | 132,428 | 10,391 | 9% | $18.68 | $19.88 | Master’s degree |
| 21-1014 | Mental Health Counselors | 102,865 | 111,500 | 8,635 | 8% | $18.44 | $20.04 | Master’s degree |
| 19-1041 | Epidemiologists | 4,271 | 4,600 | 329 | 8% | $29.36 | $30.77 | Master’s degree |
| 29-1122 | Occupational Therapists | 93,465 | 100,507 | 7,042 | 8% | $33.61 | $33.97 | Master’s degree |
Highest Pay
Our final table shows the MA-level jobs that pay above $35.00 an hour (2011 median hourly wage). The highest paying jobs on the list are:
- Political scientists ($48.01)
- Industrial-organizational psychologists ($44.68)
- Economists ($43.87)
And be sure to look at how many occupations are related to life, physical, and social science (SOC 19): seven out of ten jobs.
| SOC Code | Description | 2008 Jobs | 2012 Jobs | Change | % Change | 2011 Median Hourly Wage | 2011 Avg Hourly Wage | Education Level |
|---|---|---|---|---|---|---|---|---|
| Source: EMSI Covered Employment – 2012.1 | ||||||||
| 19-3094 | Political Scientists | 3,969 | 4,339 | 370 | 9% | $48.01 | $48.98 | Master’s degree |
| 19-3032 | Industrial-Organizational Psychologists | 1,756 | 1,678 | (78) | (4%) | $44.68 | $49.24 | Master’s degree |
| 19-3011 | Economists | 12,832 | 16,079 | 3,247 | 25% | $43.87 | $47.00 | Master’s degree |
| 19-2042 | Geoscientists, Except Hydrologists and Geographers | 32,035 | 33,313 | 1,278 | 4% | $42.39 | $44.99 | Master’s degree |
| 19-3039 | Psychologists, All Other | 9,868 | 10,589 | 721 | 7% | $41.19 | $40.61 | Master’s degree |
| 29-1071 | Physician Assistants | 73,124 | 84,013 | 10,889 | 15% | $40.47 | $40.79 | Master’s degree |
| 29-1123 | Physical Therapists | 165,255 | 184,559 | 19,304 | 12% | $35.85 | $36.64 | Master’s degree |
| 19-2043 | Hydrologists | 7,366 | 7,513 | 147 | 2% | $35.82 | $36.89 | Master’s degree |
| 19-3092 | Geographers | 1,097 | 1,445 | 348 | 32% | $35.22 | $34.85 | Master’s degree |
| 15-2041 | Statisticians | 21,529 | 21,914 | 385 | 2% | $35.03 | $36.23 | Master’s degree |
The Jobs that Grow as Well as Pay
If we were to look at growth and wages together physical therapists, physician assistants, and economists are definitely up the best to consider.
Return to the original post here. Learn about the best Doctoral degrees here.
Find out more about EMSI and our data here. You can reach us via Twitter @DesktopEcon or by emailing Rob Sentz ([email protected]).
Read more at Economic Modeling Specialists (EMSI blog)
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