The Masters degree in Public Administration can provide careers in various fields throughout the United States. Depending on specialty, individuals may find that there are great financial opportunities available in very different sections of the private and public sector. From financial careers to careers in management, there is something for almost everyone in this line of work. Graduates wanting to make the most out of their degree program should consider the best paying careers prior to choosing a specialty.
Listed below are the top ten highest paying careers within public administration for individuals with a Masters in Public Administration.
10. Financial Analyst – $80,310
Financial Analysts can be found in banks, nonprofit organizations, or even nationally known businesses. These professionals assist companies with making smart and beneficial investment and spending decisions. Financial planning is a necessity for companies that wish to get the most out of their business. Companies rely heavily on the expertise of financial analysts to monitor and track financial transactions so that business is conducted efficiently. On average, financial analysts earn $80,310 per year (BLS, 2015).
9. Urban Planners – $42,940 to $102,200
Urban planners are the leading source of information for accommodating growing communities and promoting proper utilization of resources throughout urbanized areas. These professionals are vital to cities that are experiencing a population growth or simply wanting to make their cities more comfortable for the community. By changing local facilities and upgrading existing structures, urban planners can create areas that are more functional for large communities. The salaries of these professionals vary depending on location and city size, so the Bureau of Labor Statistics estimates salaries for this profession ranging from $42,940 to $102,200 per year.
8. Logistician – $45,830 to $115,960
Logisticians are found in nearly every industry. It is the responsibility of the logistician to monitor the transfer of products or services from the beginning stages of development to delivery. Since most employees within organizations are only responsible for specific sectors or branches of an organization, logisticians provide a very valuable service to the companies in which they work. Depending on location and industry, salaries can vary for this position. The Bureau of Labor Statistics estimates that logisticians earn between $45,830 and $115,960 per year.
7. Medical/Health Service Manager – $94,500
Medical/health service managers are a major part of the smooth operation of hospitals and medical centers. In the busy healthcare environment, medical or health service managers can be found overseeing a staff, planning effective policies, and coordinating healthcare services. These managers can potentially be found in specific clinical areas or overseeing operations for an entire hospital. On average, medical/health service managers earn around $94,500 per year (BLS, 2015).
6. Training and Development Managers – $102,640
Most companies require training and development for their employees. In order to incoming employees to learn the basic requirements or safety procedures for their company, training specialist must properly inform them of the company’s individual requirements. Training and development managers plan, coordinate, and implement effective training programs for employees in various organizations. These managers are vital to the efficiency of companies and have the potential to earn $102,640 per year on average, according to the Bureau of Labor Statistics.
5. Executive Director – $102,690
Executive directors are the overseers of nonprofit organizations. These professionals are responsible for hiring new employees, budget management, and staff management. Executive directors monitor the company as a whole to ensure that the business practices being conducted are efficient and effective. The executive director is the leader of nonprofits and provides a great deal of service to his or her respective company. The BLS reports that executive directors earn $102,690 per year on average.
4. Public Relations Manager – $104,140
Public relations managers deal directly with public opinion. It is the responsibility of public relation managers to provide support to clients and provide a great influence into the opinion of others. Public relations can be an important part of how popular a business is within the public eye. Since all business is reliant on how involved the community is, the public relations manager is the lead source of publicity for a company. On average, Public relations manager can earn around $104,140 per year depending on their area and business (BLS, 2015).
3. Human Resources Manager – $104,440
When it comes to the administrative functions in a business, the human resource manager is the go-to person for information. It is this manager that plan, coordinates, and implements the various administrative factors that go into a successful business. Human resource managers are responsible for managing pay and benefits for employees as well as assisting in strategic planning for better business practices overall. Dealing with both intracompany employees and business clients, human resource managers having a variety of responsibility. The Bureau of Labor Statistics estimates that these professionals earn $104,440 per year on average.
2. Financial Managers – $117,990
Financial managers are responsible for monitoring the overall financial health of the organizations in which they work. Without an able financial manager, it would likely be impossible for businesses to exhibit successful financial planning. Strategy is the key to success in this line of work, as it is needed to plan and organize financial decisions that can have a direct impact on how well a business performs. Financial managers typically earn around $117,990 per year, according to the BLS.
1. Chief Executive Officers – $185,850
At the top of the private sector, chief executives, or CEOs, are the leaders of large private organizations. This career differs from the executive director in that CEOs are typically found in private organizations rather than public service or nonprofits. These directors are responsible for the everyday operations of various types of companies and provide strategies for reaching goals and meeting guidelines for future business. CEOs typically oversee hiring decisions and cooperation with other organizations. This is a top tier career option for individuals wanting the most out of their degree program. These directors have the potential to earn $185,850 per year on average (BLS, 2015).