Master’s in Management Information Systems (MIS) are becoming increasingly popular as the demand for technical expertise in business continues to grow. A Master’s in MIS can lead to varied career paths such as business analyst, systems analyst, database administrator, or even an IT manager. Given its potential, it’s no surprise that individuals who are considering pursuing a Master’s in MIS often wonder about the average salary of graduates.
The average salary that graduates with Master’s in MIS earn depends on several factors, including the location, industry, and job role. According to the U.S. Bureau of Labor Statistics (BLS), as of May 2020, the average salary of a computer and information systems manager, a job role that a Master’s in MIS might lead to, was $151,150 per year. The lowest 10 percent earned less than $87,480, and the highest 10 percent earned more than $208,000.
Moreover, according to a survey by the National Association of Colleges and Employers (NACE), the average salary for an MIS graduate in the class of 2020 was $69,070. This number, however, should be taken with a grain of salt as it includes fresh graduates who might not have any experience. It’s essential to note that salaries increase as individuals gain experience and move up the corporate ladder.
Industries and location also play a critical role in determining the salary of a graduate with a Master’s in MIS. For instance, individuals working in the finance and insurance industry earn an average salary of $155,660 per year, according to the BLS. On the other hand, those employed in educational services earn an average salary of $114,460 per year.
The location of the job also has a significant impact on the salary of an MIS graduate. For example, individuals working in San Francisco, California, earn an average salary of $161,990 per year, while those in El Paso, Texas, earn an average of $117,100 per year. Salaries in big cities are often higher as the cost of living is also higher.
Several factors influence the average salary of a graduate with a Master’s in MIS. However, what’s essential is that the Master’s in MIS is a degree that’s in high demand and can lead to a fulfilling and rewarding career. If you’re considering pursuing a degree in MIS, research the industry you want to be a part of, the location that suits you, and the job role that interests you the most. This information can help you plan your future and negotiate a salary that aligns with your experience and expertise.
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