If you are planning to begin your tertiary study and are exploring the top most profitable degrees in the 21st century, you may have heard about the STEM subjects. It is often believed that only jobs that branch out from subjects of Science, Technology, Engineering and Mathematics are lucrative. However, this is not the truth.
This article is dedicated to help you find the most profitable degrees that will get you the most lucrative jobs/
Top Most Profitable Degrees in the 21st Century – (Short Video)
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Master of Business Administration
MBA is the traditional pathway for business professionals and one of the top most profitable degrees for those who want to advance into high-level and high-paying roles. The graduate degree includes courses in a broad range of subjects and lasts for a minimum of 1 year to 3 years. To accommodate the social restrictions imposed by the Covid-19 pandemic, in the year 2021, there are many part-time MBA courses in the form of distance learning courses and scholarships, online MBA and Morning MBA.
MBA is a highly dynamic degree course and one may specialise in one of the following subjects:
- Finance
- Accounts
- Marketing
- Strategy
- Supply Chain Management
- International Business
- Information Systems
- Sustainability
If you are an Indian student and are exploring the Idea of pursuing an MBA abroad, you must first do a thorough comparison between MBA in foreign vs MBA in India. The cost of pursuing MBA overseas can be exorbitant falling within the range of INR 20 lakhs to INR 70 lakhs. In addition to that, living and travel expenses make it difficult to financially support oneself.
Bachelor’s or Masters in Marketing
As economies of countries grow and aspire to become fully-developed countries, the backbone for such countries are always its small and medium sized businesses. In order to withstand the competition, businesses need to have thorough market presence and brand equity. As an increasing number of organisations realise the importance of marketing in the 21st century, Marketing graduates are in high demand throughout the world. Marketing can be divided into the following niches:
- Advertising
- Market Research
- Sales
- Strategic Marketing
- Product Management
- Brand Management
- Laws & Ethics
Marketing has become an indispensable part of all types of organizations be it B2B, B2C, or B2G. No business is complete without a sales or a marketing personnel on the team.
Masters in Finance
Finance is the top most lucrative degree subject. The need for finance management and a vision with a financial mindset cannot be underestimated. Some students earn an MBA in finance, a master’s degree with an emphasis on business in general that includes some specialized studies in finance, however, you can find specialised degree courses that are dedicated to Finance as a complete subject. A master’s in finance degree helps students who want to work as financial managers. These management professionals are in charge of the overall financial health of a company or organization and play a pivot role in channelising profits. They handle a wide range of responsibilities. They create financial statements and oversee finance workers. They analyze market trends to develop business forecasts.
The average salary of a finance manager is $130,000.
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Masters in Supply Chain Management
Supply chain management is the one of the top most skills that is in demand in the retail and manufacturing industries. As larger numbers of people come up with business ideas to make money, the need for supply chain managers is also increasing. This makes it one of the top most profitable degrees and may help you start your career at a higher level. Supply chain managers do not just specializes in product or service supply chain, but also have intricate knowledge of the following aspects of the business:
- Micro and Macroeconomics
- Strategic Management
- Organisational Behaviour
- Manufacturing, Planning & Control
- Practice & Strategy
Supply chain managers have a demanding role and the average starting salary rounds up to approximately $75,000.
Masters In Economics
Economics is the study of resources and the allocation of resources. Studying Economics at a graduate level can help you prepare for the role of an economist and other business-related roles. What makes it one of the top most profitable degrees is that economics is an indispensable part of any business. Economics, just like finances, is at the core of any active business, economics is at the heart of every economy. More than one-third of economists work for the federal, state or local government. Some master’s in economics programs offer students the chance to specialize in a topic like advanced theory or financial economics.
Economics is one of the most profitable majors and the average starting salary of an economist is not less than $100,000.
Other Lucrative Degree Subjects
- Masters or Bachelors in Engineering
- Master’s in Human Resources
- Bachelors or Masters in Information Technology
- Bachelors in Actuarial Science
- Masters in Public Health Administration
- Masters in Health Management
- Applied Mathematics
- Bachelors in Accounting
- Masters in Computer Engineering
- Bachelors or Masters in Computer Science
Thanks for reading this blog on The Top Most Profitable Degrees In The 21st Century. If you are interested in learning more about student life, the following should be of interest to you:
1 thought on “Top PGDM Courses In Canada: Universities, Specialisations & Eligibility”
I have done Bachelor’s in Culinary Arts from India and completed my graduation in the year 2022 .I am 22 years old. After graduation, I have done 1 year paid internship from USA .Now, I would like to take occupational experience and learn culinary skills and also do masters in Culinary arts.How can I find the college n best course / country where I can persue studying further