Average Salary after MS in USA, Canada and Australia

The pursuit of a higher degree is generally considered a major investment. Each year, students enroll in MS programs all over the world to get the best in education. And each year, USA leads in the international admission of fresh college graduates from India – the ritual-like biannual fall and spring migration of bright eyed, slightly nervous younglings to the land of opportunities.

With nearly 5000 Universities in the US (Read Guide to an MS degree), there’s a lot of room to choose the best suited program catering to the needs of every individual student. USA’s leading torch is followed by Canada and Australia, with UK’s strict immigration making it fall behind in laying out the welcome mat for international students.

As of 2016, there are over 166,000 Indian students in USA, nearly 45,000 in Canada and over 36,000 in Australia. (Read Popular Study Destination Countries)

With an MS costing more than $70,000 (INR > Rs 4,00,000) (Read Cost of MS in US), you may quite obviously wish to know the return of such an investment. We are assuming that the motivation, to pursue an MS, is for the most part in obtaining a job with satisfactory compensation, the other being the love of the subject itself. With the three major higher education destinations, spanning two continents – USA, Canada and Australia, we have listed the most commonly studied fields along with the average salaries.

Consider this the next best thing to actually looking into your possible future. Well, you are already here reading a crystal ball article anyway!
 

Average Salary after MS in US, Canada and Australia

Here are the details of each country with popular fields and average salaries based on current studies.
 

Salary after MS in Australia

The number of public and private institutions for higher education pales in comparison to the US. There are less than 150 but nearly 25% of them are considered to be among the top ranked universities in the world, with six of them among the top 100, as per QS University Rankings. (Source: Top Universities)

Australian National University, University of Melbourne, University of Sydney, University of New South Wales, University of Queensland and Monash University are some of the prestigious ones in Australia.

The distribution of international students varies between fields, with the largest number pursuing Business and Management degrees. Here is a list of fields in order of popularity, from the land down under (Source: IIE.org).
 

Subject Number of International Students
Business and Management 131,831
Engineering 30,101
Mathematics and Computer Sciences 23,724
Health Professions 21,324
Social Sciences 19,173

 
The popularity of STEM fields is mainly owed to to its job prospects and higher potential salaries. Based on surveys conducted by compensation data resource website, PayScale.com, we have listed here a few starting salaries in accordance with the above popular fields of study.
 

Job Description Average Salary
Human Resource AU$51,000 to AU$90,000 / Entry Level
Business Manager AU$65,000 / Entry Level
Marketing Manager AU$63,000 / Entry Level
Professional, Scientific and Technical Services AU$92,482
(LivingInAustralia)
Aeronautical Engineering
Chemical
Civil
Electrical
Electronic/Computer
Mechanical
Mining
Other
AU$60,100
AU$63,400
AU$77,100
AU$78,100
AU$78,500
AU$72,200
AU$76,300
AU$70,900 (GradStats_2015)
Health Care and Social Assistance AU$84,183
Humanities and Social Sciences ~AU$50,000
(LivingInAustralia)

 
Though Grad Stats 2015 surveyed data among Bachelor graduates in the respective fields, it is clear that Humanities and Social Sciences graduates are most likely to get the least in returns for their investments on advanced degrees.

That being said, Australia ranks fifth in countries with highest average income. With an exchange rate roughly hovering around Rs 50 for every AU dollar, it is quite a handsome compensation for Indians.
 

Salary after MS in Canada

According to the data on IIE.org, Canada does not have any private higher education institutes and the total number of public ones are about 250. Twenty six of those are ranked among the best in the world, according to Times Higher Education’s World University Rankings 2016-17. Some of the best ones being University of Toronto, University of British Columbia, McGill University, University of Montreal, University of Alberta and McMaster University, to name a few. Following the same recipe as in with Australia, here’s a list of most popular degrees in Canada (StatCan.gc.ca).
 

Subject Percentage distribution
International (Total number being 88,000) Canada
Business, Management and Public Administration 23.2 16.5
Architecture, Engineering and Related Technologies 14.4 7.7
Social and Behavioral Sciences, and Law 13.1 17.5
Humanities 11.8 16.2
Physical and Life Sciences, and Technologies 8.3 8.5
Mathematics, Computer and Information Sciences 6.9 2.6
Health, Parks, Recreation and Fitness 4.9 11.2
Education 1.9 7.2

 

These numbers represent overall enrollment of international students and not particularly exclusively for MS students. However it was estimated, according to the studies done by the Post Secondary Student Information System (PSIS), that there were 18% of International students enrolled in Masters programs which also accounted for about 13% of all Masters students in Canada.
 
Here is some information of average salaries, obtained mostly from Payscale.com.
 

Job Description Average Salary
Human Resource C$52,000 / Entry Level
Marketing Manager C$58,000
Architectural Intern
Design Architect
C$44,000 to C$62,000
C$62,000
Production Manager, Manufacturing C$60,000
Mechanical Engineering C$57,000
Social Worker
Mental Health Therapist
C$51,000 to C$81,000 / Entry to > 20 years
C$58,000
Physics
Chemistry
C$57,000/ > 1 year
C$90,000/ >10 years
Software Engineer C$50,000 to C$95,000
Teacher C$50,000 / Entry Level
With C$58,500 in Alberta
(GlobalNews.ca)

 
With about Rs 51 to one Canadian dollar, the average salaries are somewhat less than Australia’s. However, according to the cost of living rankings on Numbeo.com, Australia ranks more than ten points higher than Canada (Australia at 79.73 vs Canada at 69.09) in living expenditures. Essentially what this means is if New York’s cost of living was considered to be a 100, then Australia is cheaper by 20% while Canada is cheaper by 30.
 

Salary after MS in USA

And so we finally reach the most popular destination of all students everywhere – The United States of America. We are very much aware of all the wonderfully well known universities in the US – home to nearly 70% of the top 25 universities in the world (Read Ivy League Universities Rankings and Admissions).

It is unparalleled in higher education resources and facilities, aided with the best in faculty. So clearly it is the most sought after for students pursuing a higher degree. It is also one of the most friendly countries to immigrate to, to study and subsequently earn a living in the all mighty US dollars, which last heard, was placed at Rs 68 to one USD. So let’s rinse and repeat the census.

Here’s some numbers reflecting the number of international students by field of study, in the US. (Source IIE.org)
 

Subject Number of International Students
Business and Management 200,312
Engineering 216,932
Mathematics and Computer Sciences 141,651
Social Sciences 81,304
Physical and Life Sciences 75,385
Humanities 17,664
Fine and Applied Arts 59,736
Health Professions 33,947
Education 19,483
Agriculture 12,318

 
Not surprisingly, the numbers are led by management students. However STEM fields are in close competition with Social Sciences. Unfortunately, though, the field of Social Sciences doesn’t fall in the toppers list of highest salaries in the US (Read MS Degrees that pay the highest Salary). As promised, we will lay out a glimpse of what most of the masses are amassing at the end of every year, after having an advanced degree in some of the above mentioned subject matter. So get your calculators oiled up and ready to see what you could be expecting to get paid in a few years, which if all else falls in place, will be the logical conclusion to your travel overseas to obtain a higher degree. The salary data, for 2016, has been obtained from surveys conducted by the National Association of Colleges and Employers (NCAE).

So here we go.
 

Job Description Average Salary (Starting)
Business $71,663
Computer Science $72,080
Engineering $73,871
Mathematics and Sciences $67,891
Communications $55,727
Social Sciences $52,333

 
Clearly business is the reigning king in the US, after an MS, but the STEM fields and Computer Science manage a a pretty dramatic overthrow once done with a Doctorate degree with average salaries about $100,000 as compared to the miniscule movement to $75,000 for Business Doctorates.
 
In the end, an advanced degree does bring about some decent returns, in most cases. But there is still a great deal of research that you should absolutely put in before you decide your field, your degree, which country and definitely which university to get it from. The numbers above are mere guide to your eyes and your reality will ultimately depend on many factors which may not have anything to do with the surveyed employees the data was collected from. The economy and job opportunities being the ones most out of your control. You can, however, attempt to reduce the uncertainties in the others by starting somewhere like here, this big crystal ball of relevant information, and use your resources to build on your very own data reserve.

Good luck mate!
 
Read these related articles:
Guide to MS degree programs
Masters in foreign universities versus studying in India
Average cost of studying abroad: Masters in Europe vs America comparison


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8 Comments

  1. Yash says:

    Im pursuing BA final year and i want to study overseas. Im looking for Masters in business management from Australia or Canada.
    I want to discuss if i came back to india after getting the degree. Is there any future of MBM india?
    Is my future secure if i came back?

  2. Sameer Kamat says:

    Yash, in the current day and age, I don’t think any degree can guarantee you a secure future.

    A good degree can help you get a few opportunities to crack into the industry and company you prefer, but that’s about it.

    Read this post on the value of a foreign degree back in India: http://www.mbacrystalball.com/blog/2016/05/20/value-foreign-mba-india/

  3. sonal says:

    Hi,I would like to pursue Executive MBA from either Rotman or Schulich. I would seek guidance on the best executive MBA programs in Canada along with rankings. My details are as below:

    Work experience: 17 years with PwC and IBM Consulting
    Education: BE and Full time 2 yrs MBA in 2001
    IELTS Score: 8.0

    Please let me know the best possible options and fee structure / scholarship options for executive MBA.
    Thanks.

  4. Kalyani says:

    Hey ! I’ve been having a lot of doubts lately about pursuing masters in Canada.
    Can you please tell me whether students can get part time jobs while pursuing masters in Canada.
    What is the potential of the job opportunities for a computer science graduate in Canada.
    Any kind of help is appreciated

  5. Salman says:

    Hello sir.
    I have just completed my MBBS in Pakistan but I have not yet completed my internship due to some family issues.
    Am I eligible to do a Masters in a field in Biomedical sciences with my MBBS certificate??
    If I am eligible, could you please advise me which field would suit me best?
    I am really interested in doing something in Biochemistry in Canada with the scope of working and getting a permanent residence there.
    Please, suggest me a course that I could undertake in a Canadian University so that I can get a job easily in Canada.
    Thanx.

  6. Kap says:

    Hi,

    I want to do 1 year full time MBA in US. I have 11 years of work ex in automobile industry. Which universities in US offer that without GMAT. Looking at both tier 1 and tier 2 univs. My plans are to either work in US after that or come back to India and look for a senior level position. When would be the best time to apply for work permit during MBA.
    Please answer the same questions for Canada as well.
    Where, out of US and Canada, its easier to find jobs

  7. Sameer Kamat says:

    @Sonal: Here are the top MBA programs in Canada
    http://www.mbacrystalball.com/blog/2015/09/01/best-mba-in-canada-international-students/

    @Kalyani: Most longer duration Masters programs have an internship option. Check the specific university site for more details on how it works.

    @Salman: You will have to explain the choice of the specialisation in your Statement of Purpose. Canada offers more student friendly work and immigration policies compared to many other countries.

    @Kap: Here’s the list of programs that don’t require a GMAT score. However, read the small print and be aware of the limitations of such courses: http://www.mbacrystalball.com/blog/2015/07/27/mba-without-gmat/

  8. Krishna says:

    Hi ! I wanted to know do you provide loan for university of adelaide in Australia for masters degree? Waiting for your reply ! Thankyou.

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