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Best Paid Degrees In Nigeria (THE BITTER TRUTH) - Career - Nairaland

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Best Paid Degrees In Nigeria (THE BITTER TRUTH) by alentyno: 5:24pm On Jul 18, 2014
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.

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Re: Best Paid Degrees In Nigeria (THE BITTER TRUTH) by Mblem(m): 5:38pm On Jul 18, 2014
am not really after the money..... lecturing till dead do us apart.. first to comment shaa

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Re: Best Paid Degrees In Nigeria (THE BITTER TRUTH) by alentyno: 5:51pm On Jul 18, 2014
Mblem: am not really after the money..... lecturing till dead do us apart.. first to comment shaa
Of course you can still hit it big esp when u become a professor

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Re: Best Paid Degrees In Nigeria (THE BITTER TRUTH) by Nobody: 6:04pm On Jul 18, 2014
Next time sir, try to make it "COPY-EDIT-PASTE"

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Re: Best Paid Degrees In Nigeria (THE BITTER TRUTH) by alentyno: 7:13pm On Jul 18, 2014
Justosaus: Next time sir, try to make it "COPY-EDIT-PASTE"

Done.

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Re: Best Paid Degrees In Nigeria (THE BITTER TRUTH) by donwise1(m): 9:40pm On Jul 18, 2014
Proud Electrical and Computer Engineer

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Re: Best Paid Degrees In Nigeria (THE BITTER TRUTH) by alentyno: 10:57pm On Jul 18, 2014
donwise1: Proud Electrical and Computer Engineer
How come? You have 2 degrees?

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Re: Best Paid Degrees In Nigeria (THE BITTER TRUTH) by ABEngine(m): 6:43am On Jul 19, 2014
So we (Engrs) actually rock! In other news, I asked a new meet what he does for a living and he abruptly responded, "Politiks"! Have we actually established a uniform pay package for this cadre of "professionals"?

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Re: Best Paid Degrees In Nigeria (THE BITTER TRUTH) by alentyno: 8:06am On Jul 19, 2014
ABEngine: So we (Engrs) actually rock! In other news, I asked a new meet what he does for a living and he abruptly responded, "Politiks"! Have we actually established a uniform pay package for this cadre of "professionals"?
Well I don't think politics is a professional. Even if it was it wouldn't be naija of all places.... Politics in this country is more like a game (a dirty one if u ask me)

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Re: Best Paid Degrees In Nigeria (THE BITTER TRUTH) by zube01(m): 8:56am On Jul 19, 2014
Op what About the geologists?....with this ur write up I think a fresh graduate that. Goes into Business with like 5mill is better! Or what say u?

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Re: Best Paid Degrees In Nigeria (THE BITTER TRUTH) by alentyno: 10:15am On Jul 19, 2014
zube01: Op what About the geologists?....with this ur write up I think a fresh graduate that. Goes into Business with like 5mill is better! Or what say u?
Geologists in Oil nd gas coys like total chevron and d likes earn btw 200-250k monthly @entry levels

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Re: Best Paid Degrees In Nigeria (THE BITTER TRUTH) by docsholz(m): 10:20am On Jul 19, 2014
An entry level doc(house officer) no longer earns less than 1 mil a year its now more than 2 mil per annum and by the time NMA is through with the government it'll be about 3 mil

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Re: Best Paid Degrees In Nigeria (THE BITTER TRUTH) by Mobi47(m): 12:51pm On Jul 19, 2014
OP- What abt a finance graduate working with CBN??

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Re: Best Paid Degrees In Nigeria (THE BITTER TRUTH) by alentyno: 2:54pm On Jul 19, 2014
docsholz: An entry level doc(house officer) no longer earns less than 1 mil a year its now more than 2 mil per annum and by the time NMA is through with the government it'll be about 3 mil
U may be right but it depends on where u r working.......trust me docs working in private hospitals won't agree with you.......but the basic fact still remains that nigerian docs are seriously underpaid.......even if is 2m a year, its still a pathetic figure compared to entry level engineers @shell who earn 6.8m naira/yr despite shell being the lowest paying IOC........not to talk of Total who pays notin less than 10m naira/yr @entry level

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Re: Best Paid Degrees In Nigeria (THE BITTER TRUTH) by alentyno: 2:59pm On Jul 19, 2014
Mobi47: OP- What abt a finance graduate working with CBN??
To be frank I don't know the exact figure rAnge but I think it will not be less than 2.5m naira/yr

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Re: Best Paid Degrees In Nigeria (THE BITTER TRUTH) by Exmay(m): 3:06pm On Jul 19, 2014
My Question is How many of this Professionals get employed every year in all this Big firms??... Also Lawyers are the most underpaid of all professionals on the average. The first time I heard that a baby lawyer was being paid 8k and 15k in some so called big firms I no fit believe am, but na true ooo...

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Re: Best Paid Degrees In Nigeria (THE BITTER TRUTH) by alentyno: 3:25pm On Jul 19, 2014
Lol @exmay I pity lawyers sha........ And as for big firms it has always been about survival of the fittest e.g I was shocked to discover that the IPS in UNIPORT normally shortlist just 20 pips each year despite thousands of applicants that do apply; why? Becos if u manage to graduate from that skul eh! You are a big boy! Cos IOC's esp Total always retain them. Dats why nowadays when i see young engineers being paid 11m/yr @ total I don't blame them at all becos they passed through a very serious furnance

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Re: Best Paid Degrees In Nigeria (THE BITTER TRUTH) by adeoladrg(m): 3:46pm On Jul 19, 2014
#TeamPharmacy

Bro, I really don't understand why you mentioned just the industrial pharmacists in your post. The reason for that is because of the structure of the industry, mosts pharmacists begin as sales reps, Bukky George of Healthplus Pharmacy is an example. Really, there's much more to pharmacy.

Do you know how much community pharmacies make per annum? The serious ones make about 5-10M.. I'm sure you know about the CONHESS salary scale, we receive only less than the doctors.

Pharmacy is the widest profession ever!!!

#TeamPharmacy once again.

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Re: Best Paid Degrees In Nigeria (THE BITTER TRUTH) by donwise1(m): 4:02pm On Jul 19, 2014
alentyno:
How come? You have 2 degrees?
yes boss
Re: Best Paid Degrees In Nigeria (THE BITTER TRUTH) by alentyno: 4:09pm On Jul 19, 2014
donwise1: yes boss
Wow that's cool

1 Like

Re: Best Paid Degrees In Nigeria (THE BITTER TRUTH) by Mobi47(m): 4:22pm On Jul 19, 2014
alentyno:
To be frank I don't know the exact figure rAnge but I think it will not be less than 2.5m naira/yr

Thanks bro
Re: Best Paid Degrees In Nigeria (THE BITTER TRUTH) by Samgreguc(m): 4:39pm On Jul 19, 2014
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.
u mean Pharmaceutical Industries pay 42-75k/month to fresh pharm grad? Too low but, we shall go there.

1 Like

Re: Best Paid Degrees In Nigeria (THE BITTER TRUTH) by cutiedave(m): 5:24pm On Jul 19, 2014
what of a mathematics graduate

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Re: Best Paid Degrees In Nigeria (THE BITTER TRUTH) by Nobody: 5:28pm On Jul 19, 2014
Doctors at entry levels like house officers earn 2.1m per annum, not 1m as you posited, the pay increases till they become consultants.
This is not to say it is wonderful.
The thing with engineering is that not all eventually end up in oil companies, in fact majority don't get employed there, so, at the end of the day, they might not earn as much as u wrote

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Re: Best Paid Degrees In Nigeria (THE BITTER TRUTH) by alentyno: 6:49pm On Jul 19, 2014
Samgreguc: u mean Pharmaceutical Industries pay 42-75k/month to fresh pharm grad? Too low but, we shall go there.
Unfortunately that seems to be the case........
That notwithstanding sha its pertinent to note that that figure is the actual basic salary. E.g a company like swipha offers fresh grads 60k/month for startment but there are other things like sign on bonus which will be paid to you if you can meet the target (e.g market drugs worth 1m naira within 6 months) set for you
The summary of everything is that for you to make it as a pharmacist u must be extremely hardworking so you could meet your companies target because that's where the actual money lies.... If r not the lazy u could make up to 1m naira/yr before ur basic salary sef esp thru *smiles* emm ur personal add-ons e.g selling a drug of #200 for #250

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Re: Best Paid Degrees In Nigeria (THE BITTER TRUTH) by alentyno: 6:52pm On Jul 19, 2014
Evergreen123: Doctors at entry levels like house officers earn 2.1m per annum, not 1m as you posited, the pay increases till they become consultants.
This is not to say it is wonderful.
The thing with engineering is that not all eventually end up in oil companies, in fact majority don't get employed there, so, at the end of the day, they might not earn as much as u wrote
Yep just like I pointed out earlier, for engineers its always the survival of the fittest or better still 'the smartest'

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Re: Best Paid Degrees In Nigeria (THE BITTER TRUTH) by alentyno: 7:03pm On Jul 19, 2014
cutiedave: what of a mathematics graduate
If u r a math grad with a tight gpa like 1st class or strong 2.1( 4.0 and above), you could go places!..... From banks to auditing firms to oils coys to infact anywhere.......my cousin a math grad(finished with 4.42 cgpa) is already in dangote.....he spent only few weeks @ home after his NYSC and boy although I don't know his actual pay package but what I can say is that guy is in money.......his company even sponsored him nd his colleagues to india recently

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Re: Best Paid Degrees In Nigeria (THE BITTER TRUTH) by alentyno: 7:07pm On Jul 19, 2014
Mobi47:

Thanks bro
Yh u welcom
Re: Best Paid Degrees In Nigeria (THE BITTER TRUTH) by Bazinga(m): 7:23pm On Jul 19, 2014
what bout Geologist? they are the main discipline in oil and gas companies.

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Re: Best Paid Degrees In Nigeria (THE BITTER TRUTH) by cutiedave(m): 7:29pm On Jul 19, 2014
alentyno:
If u r a math grad with a tight gpa like 1st class or strong 2.1( 4.0 and above), you could go places!..... From banks to auditing firms to oils coys to infact anywhere.......my cousin a math grad(finished with 4.42 cgpa) is already in dangote.....he spent only few weeks @ home after his NYSC and boy although I don't know his actual pay package but what I can say is that guy is in money.......his company even sponsored him nd his colleagues to india recently
wow,dis sounds nice.bt i need ur advice on dis issue.
i got admitted into yabatech last yr to study mech.eng bt couldn't resume bcus of d poly strike. Bt during d course of d stike,i obtained d jamb form to study mech.eng in unilorin.recently i had to change to mathematics bcus i dident meet mech.eng cutoff mark.
ma question is-should i continue with mech.eng in yaba or mathematics in unilorin?And which has better job opportunities.TANX

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Re: Best Paid Degrees In Nigeria (THE BITTER TRUTH) by noordean(m): 7:35pm On Jul 19, 2014
Mblem i tink w r on d same page here,lecturing till d end. even if it's a college of education i ll start with, i dnt mind. am a graduate of physics,oau.

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Re: Best Paid Degrees In Nigeria (THE BITTER TRUTH) by noordean(m): 7:38pm On Jul 19, 2014
cutiedave: wow,dis sounds nice.bt i need ur advice on dis issue.
i got admitted into yabatech last yr to study mech.eng bt couldn't resume bcus of d poly strike. Bt during d course of d stike,i obtained d jamb form to study mech.eng in unilorin.recently i had to change to mathematics bcus i dident meet mech.eng cutoff mark.
ma question is-should i continue with mech.eng in yaba or mathematics in unilorin?And which has better job opportunities.TANX
ur first consideration here should b on d certificates,comparing yabatech with a university! irrespective of d course u r gven, unilorin should come first bro

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