It is good to follow your passion when deciding on the course of your choice. However, following your passion doesn’t mean you should choose a course that isn’t lucrative.
This is why we have decided to provide you with a list of the highest paying courses in Nigeria so that you can choose a course that interests you as well as one that pays well.
Highest Paying Courses in Nigeria
Information Technology (I.T) is one of the major drivers of the economy in both developed and developing countries. This explains why studying an I.T based course like computer science or computer engineering can create vast and lucrative opportunities for you.
You can work as a IT Security Analyst/Programmers/Ethical Hackers/Engineer with a Computer science/engineering degree and the salary range for these positions in Nigeria is between ₦120,000 – ₦400,000 monthly.
Medicine and Surgery
Medicine still remains a prestigious and well-paying course in Nigeria. Although the incessant strike by doctors in Nigeria has made studying Medicine discouraging, however, there are still boundless opportunities with Medicine.
The most lucrative aspect of Medicine is Surgery which involves the medical doctor undergoing a residency training program prior to becoming a consultant surgeon.
Surgeons are medical doctors that are trained specifically to perform general or specialized types of surgeries. While surgeons spend time preparing for procedures, reviewing files and meeting with patients, their most critical role is to perform accurately and efficiently in the operating room.
The average salary of surgeons in Nigeria ranges from ₦200,000 – ₦600,000 monthly, depending on the sector they work with (private or public).
If you’re looking to become a business manager, you would most likely study business administration or a management based course in the University. However, it is not necessary to have an undergraduate degree in Business Administration for you to become a business manager. Often times, experience plays a key role in the process of becoming a business manager. And it is your experience and expertise that determines your pay.
Generally, the job of a managing business can be quite challenging because the manager is responsible for ensuring that the business is run excellently. Nonetheless, Business managers are well-compensated for their challenging task and roles. The average salary for a business manager/director in Nigeria ranges from ₦200,000 – ₦700,000 monthly.
Finance is another hot cake when it comes to the remuneration you get after your graduation. A finance graduate can work in a bank or any other major financial institution.
The highest paying opportunity in finance is investment banking. Generally, investment bankers are charged with the responsibility of helping companies, government, and their agencies raise money by selling securities in the primary market. They assist public and private companies in raising funds in the capital market. Investment bankers mostly work in Hedge funds, banks, consulting firms, investment advisory and asset management companies.
Investment bankers earn a lot because of the job responsibility. The average salary for an investment banker ranges from ₦300,000 – ₦500,000 monthly
Petroleum Engineering is one of the most lucrative engineering courses. This is because Petroleum engineers are often employed by multinational oil companies in Nigeria and these companies pay quite well.
The average salary of a petroleum engineer ranges from ₦300,000 – ₦900,000 monthly. These salaries tend to increase based on experience, level and time on the job.
Geology is another course that you can study in the university that actually pays well. The pay is similar to that of Petroleum Engineers as geologist which is between N300,000 to N900,000.
Electrical Engineering is another high paying course. This type of engineers can work as telecommunications engineers in telecommunications. This involves working in companies like Globacom, 9Mobile or MTN.
Also, the telecommunications industry is one of the fast-growing industries in Nigeria, so the need for telecommunication engineers is also growing alongside.
The duties of a telecommunications engineer involve; design and installing equipment used for transmitting wired phone, cellular, cable and broadband data. Their daily responsibilities can include working with copper or fiber optic cabling, complex networks, and switching systems.
The average salary of telecom engineer in Nigeria ranges from about ₦200,000 – ₦950,000 monthly.
Accounting is another course that pays well in Nigeria. Every company needs an accountant so you shouldn’t expect to be short of work once you graduate. However, it is often necessary to secure certifications like ICAN and ACCA after you graduate in order to get the megabucks.
Apart from working in companies that pay well, you can also set up your own accounting firm as an accountant.
Law is another professional course that can be quite lucrative if you move with the right crowd. Although, many fresh law graduates complain about the low salary offered them by law firms however, making money in law is about having the right connections.
If you can leverage your network, you can become a multimillionaire as a lawyer within a few years. The key to making money as a lawyer is by setting up your own law firm which allows you to interact with clients directly and earn a fee from your business with them.
Also, law is a course that can prepare you for a career in politics. This is why you will discover that many Nigerian politicians studied law as their undergraduate degree prior to venturing into politics.
Architecture is another lucrative course with several opportunities existing for architects in Nigeria. As an architect, you can establish your own studio and earn millions of naira from designing building projects. You can also handle these building projects based on your experience.
The real estate industry in Nigeria is worth billions of naira. This is why a course like estate management can provide you with a platform to make millions of naira if you can land the right clients once you start practicing.
As a real estate manager, you can work with wealthy clients and help them manage their estate portfolio. The business of managing these estates will certainly attract millions of naira into your pocket.