- Public, Private and Local Colleges, Universities and Vocational Schools
- Public and Private Elementary and Secondary Schools
- Information Services
- Local Government
- Private Businesses
After earning a Master’s in Library Science, a graduate might want to know which career settings pay the most money. While most people do not go into library science in anticipation of becoming wealthy, the pay is an important consideration in applying for and choosing a job. These are the top five paying career settings for a Master’s in Library Science degree.
1. Public, Private and Local Colleges, Universities and Vocational Schools
Librarians who work in public, private or local colleges, universities or vocational schools have the highest average annual pay. Their median annual salary as of May 2018 is $64,130. This is higher than the average for people with a master’s degree in library science across all career settings, as the average median salary for all librarians is $59,050. Those who work in colleges, universities or vocational schools may be in a general library or a specialty library, such as medical or law libraries.
2. Public and Private Elementary and Secondary Schools
Public and private elementary and secondary schools offer the second-highest median salaries for library science. Their median pay as of May 2018 was $60,780 per year, which is slightly above the median wage for all career environments in this occupation. Librarians who also hold a teaching license or who offer services after school hours may earn more. Public school librarians may be unionized, which could increase their earnings.
3. Information Services
People with a master’s degree in library science who work information services earn slightly less than average, or about $56,970 per year. This career environment may include places such as public hospitals, clinics and other healthcare settings. It also includes other types of educational institutions, museums, archival centers and public research centers. These librarians may work with a variety of media, including historical documents and digital information. This also includes state libraries and federal libraries. Presidential libraries also fall into this category.
4. Local Government
Local government typically operates city and county libraries. Although local governments pay lower than average salaries, they may offer more flexibility in scheduling, more paid time off and other perks that are separate from the job’s salary. For example, local librarians may work some weekends or evenings in order to accommodate library patrons from the community. According to the Bureau of Labor Statistics, the median annual wage for people with a master’s degree in library science who work in local government is $53,060.
5. Private Businesses
Private businesses may employ people with a master’s degree in library science. Some niches that could offer these job opportunities include large corporations, research and development centers, pharmaceutical companies, law firms and medical research centers. In these settings, a person with a Master’s in Library Science may be responsible for retrieving records and past research documents and storing and preserving documents and media for future use.
Related Resource: 10 Great Deals: Master of Library Science Online
A job’s salary is not the only part of its total compensation package. Job applicants should also consider the other benefits, such as paid time off, flexible work hours, paid travel, paid continuing education, health insurance and more. Knowing the top five paying career settings for a Master’s in Library Science makes it easier for a job applicant to choose a position that will allow them to pay their expenses and have some money left over for savings and leisure.