Best Paying Degrees in Nigeria – The bitter truth


Best Paid Degrees In Nigeria

Although the importance of hard work cannot be overemphasised in any chosen profession, experts have said that studying some particular degrees will not only give you an edge in the job market, it also determines the amount of income you take home at the end of the day.


For example, in the oil and gas sector, petroleum, mechanical, chemical and electrical/electronics engineers at an entry level earn as much as N3.5m per annum, depending on the organisation.


Other high paying engineering fields include software engineers and computer engineers who employ IT skills, whether they are in the oil and gas sector or the telecommunication sector. They stand to earn as high as N400,000 per month for a start, and it could increase to about N5m to N15m per annum, depending on the years of experience.


A fresh engineering graduate in the oil and gas sector could earn between N7m and N9m per annum, which goes higher to about N12m or N15m per annum after five years of experience.


Engineers in the oil and gas sectors earn the same salary, notwithstanding the area of specialisation at the entry level, until they undergo in-house training graduates with non-engineering courses like computer science, information technology, software programmers with professional certifications which include JAVA, CISCO, ORACLE and other networking skills working in the telecommunications companies would get between N200,000 and N750,000 as starters.


An Oracle specialist, database programmer, manager and software experts with five to 10 years’ working experience in a telecoms company will earn between N5m and N15m per annum.


Suffice to say, all the aformentioned top earning degrees have one thing in common ––mathematical skills.


Graduates of Economics, Accounting, Marketing as well as Banking and Finance and other business related fields working in the banking and investment sectors also get fat salaries before the recent down-sizing in the sector, a fresh graduate at the entry level in any of the new generation banks earned between N2m and N2.5m per annum.


Fresh accountants could earn fat paychecks of about N2m per annum if self-employed or working in private and multinational organisations, government still had a poor salary scale for this level of professionals.


Marketers, also known as business development officers, could earn between N50,000 and N300,000 monthly at the entry level, depending on the level of results achieved and the organisation hiring.


Medicine, law, nursing and pharmacy, which were the hot cakes in the 70‘s, 80‘s and 90‘s, were no longer paying as well as they used to be.


This is the age of the mind; the age of creativity.


It has been noted that medical doctors were poorly paid. “In fact, they are only paid living allowance when you compare them with their colleagues in engineering and telecommunication.


In government hospitals, at entry level, doctors are paid less than N1m per annum. But they could earn higher if they specialise and become consultants.


In the medical line, specialists, including obstetricians, cardiologists, gynaecologists, dentists and surgeons were the highest earners any of these specialists working in reputable hospitals like Reddington Hospital in Lagos could earn N750,000 and above monthly.


A nurse in government hospital in Nigeria earns less than N100,000 per month. Their pay could rise to N400,000 when they become matrons.


Pharmacists are not left out; most pharmaceutical companies pay fresh graduates between N500,000 and N900,000 per annum, and it could increase to N2m or N3m after about eight- or nine-year job experience.


Teaching profession is not that competitive, a teacher’s take home pay was between the range of N50,000 and N70,000 per month in some secondary schools, and could be as high as N200,000 per month in some other schools.


Journalists –– editors to be precise –– with five to 10 years experience and they offer between N40,000 and N60,000 per month.


Lawyers do not earn much. fresh lawyers could earn between N50,000 and N120,000 per month depending on the chambers or organisations they work for.


This article was posted in Nairaland by – alentyno


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