An extensive view of the most thriving as well as the most profitable courses in Nigeria.
There’s absolutely no limitation to what you can achieve as a student, if the course you chose to study in the higher institution is one of those things you love to do for fun, speaking of what you genuinely love and enjoy practicing, the beauty of this is that the moment this passion of yours, later on, become your profession in the future, there’s almost 100% likelihood that you will continue discharging your duty with very little or no stress.
This notion, however, should not always be the only determinant when it comes to considering what courses to study in Nigeria.
As a student whose one of the aims of attending a higher institution amongst others is to be financially stable upon graduation, you have to put several other factors into consideration before agreeing to settle for the most profitable courses in Nigeria.
Well, you just landed on the perfect post to give you a great insight into the most profitable courses in Nigeria. In this article, you will learn about the top 10 most lucrative and profitable courses you can study in Nigeria in order to actualize your dream of earning well in your profession upon graduation.
Table of Contents
Top 10 Most Profitable Courses in Nigeria
These comprise the following-
- Computer Science/Engineering
- Medicine and Surgery
- Petroleum Engineering
- Business Management/Administration
- Banking and Finance
- Electrical Engineering
- Estate Management
- Political Science
- Mass Communication
- Public Administration
- Human Resources Management
- Environmental Sciences
Top 10 Most Profitable Courses in Nigeria
1. Computer Science/Engineering
There is no gainsaying that we now live in a digital world, both developed and developing countries have taken almost all operations carried out in the country to the most simplest and sophisticated form. Hence the relevance of the above-mentioned course and its mention on top of the list among the most profitable courses in Nigeria.
The computer literates are the most active in the market world today, the job opportunity for this course is not limited or confined to any location/region, rather it is everywhere. You can earn a substantial amount of money venturing into business related to information and technology (I.T). Studying Computer Science can land you a job in companies like- I.T Companies, Banks, Schools, etc
Some of the career opportunities available for Computer Science/Engineering students include-
- Ethical Hacker
- I.T Security Analyst
- Computer-based engineer
And lots more.
The monthly take-home tip for this course ranges between N120,000 – N400,000
2. Medicine and Surgery
Medicine has always been one of the most profitable courses in Nigeria, it is the most sought course by science students, and it is a very popular course in Nigeria as well as everywhere in the world.
Medicine is understandably popular, not just because of how lucrative it is, but primarily because of its importance in the preservation and sustenance of life.
This course, however, still remains one of the courses to beat when it comes to considering how profitable it is.
Medicine is a 6 years course and it requires a detailed understanding of the human body parts and their functions respectively. It is not one of those courses you just decide to study solely because you found out about its high-paying status, you really have to be cut out (have passion) for it as it is a very demanding course.
The monthly take-home tip for this profession varies depending on the type of sector (Private/Public) of the hospital you are working in, however, the average salary of surgeons in Nigeria ranges between N200,000 – N600,000
3. Petroleum Engineering
This is another science course in Nigeria with little attention/focus on its profitability by students. Students are more driven by the most popular engineering courses like Civil, Computer, and Mechanical engineering.
This article is aimed to bring to your notice, however, that Petroleum Engineering is another profitable course to study in Nigeria. This is because those who are majored in petroleum engineering often get employed by multinational oil companies that pay quite a satisfying and substantial amount of salary to their workers in Nigeria.
The monthly take-home tip for Petroleum Engineers in Nigeria ranges between N300,000 – N900,000 depending on the level and experience of the worker.
Quit the notion that pharmacists only sells drug as there is more about studying pharmacy than that. Pharmacists works in the health sector, they deal with the preparation, administration as well as drugs dispensation.
Those that are majored in this field have various career opportunities, some of which include, working in Pharmaceutical Companies, Research Centres, and Hospitals amongst others.
The monthly take-home tip for pharmacists ranging from the entry-level to those with 5 years of experience and above in government hospitals in Nigeria is between N165,000 – N800,000
5. Business Management/Administration
Experience, dedication, and steadfastness play a very vital role in handling a business. You can see various businesses being managed by different individuals across the country.
Business administration is no doubt one of the most profitable courses in Nigeria. Managing a business can be challenging admittedly, as the manager of a business has to ensure the continuity and sustenance of the business. The salary for this course however compensates for the challenging tasks that come with it.
The monthly take-home tip for Business Management/Administration ranges from N200,000 – N700,000
6. Banking and Finance
Many people believe this course is limited only to working in the bank, a banking and finance graduate can work in a bank and any financial institution.
Investment banking is the highest paying opportunity in banking and finance. Investment bankers assist both public and private companies to generate funds in the capital market.
The monthly take-home tip for a banker in Nigeria ranges from N50,000 – N2,000,000
7. Electrical Engineering
This as well is one of the most profitable courses in Nigeria. Electrical Engineering is a high-paying course, those who are majored in this field can work as telecommunication engineers in telecommunication companies.
Telecommunication companies like MTN, Globacom, and their likes demands the services of these type of expertise greatly.
Duties carried out by telecommunication engineers in these companies involve the installation of equipment used for the transmission of wired phones, cellular, cable, and broadband data.
The telecommunication companies offer quite some substantial amount of monthly salaries for these experts as they are one of the vital tools to making their businesses function with ease.
The monthly take-home tip for these types of engineers in telecommunication companies ranges between N200,000 – N950,000
Top 10 Most Profitable Courses in Nigeria
Law still remains one of the most prestigious courses to study in Nigeria, with the right connection as a lawyer, you definitely are going to be earning a substantial amount of money outside your monthly salary.
One of the wise ways to go about making your dream of becoming a millionaire in this profession become a reality is for you to set up your own law firm. Doing this will help create leverage of connection directly between yourself and your clients with no third party.
Another advantage of studying Law is that it is one of those courses related to politics. You can later on in life decide to choose politics as a career with a discipline in Law. As it is widely known in Nigeria, politics as a career could be very profitable as well.
No doubt! Accounting is one of the most profitable courses in Nigeria also. Every company in Nigeria as well as anywhere in the world needs an accountant.
However, in Nigeria, this is fast becoming a very competitive course and this makes it difficult for an accounting student with only a BSC degree to get employed ahead of those with a basic course degree (ICAN and ACCA). So it is advisable for accounting students to secure certificates in any of these exams.
The most interesting thing about ICAN is that you don’t have to be a university graduate before you can sit for the exam and become a chartered accountant. As a matter of fact, you can enroll yourself for ICAN while in your junior secondary school.
10. Estate Management
People are beginning to understand how lucrative Real Estate is. It might interest you to learn that this is the business many Nigerian Billionaires ventures in, they earn big with real estate because they have the right connection and wealthy clients.
As a real estate manager, you will be opportune to work with influential individuals across the country by helping them to manage properties and estate portfolios. Doing this will definitely turn out to make you go home every month with a smiling pocket.
Top 20 Most Profitable Courses in Nigeria: FAQs
1. What are the most lucrative courses to study in Nigeria?
The most lucrative courses in Nigeria encompass various fields such as Medicine (MBBS), Pharmacy, Dentistry (BDS), Law, Engineering (Petroleum, Electrical, Mechanical), Nursing, Computer Science/Information Technology, Economics, Accounting/Finance, Architecture, Business Administration/Management, Marketing, Geology, Political Science/International Relations, Agriculture/Agronomy, Mass Communication/Journalism, Human Resource Management, Public Administration, Environmental Science, and Education.
2. How do I determine the profitability of a course in Nigeria’s job market?
Factors influencing a course’s profitability in Nigeria’s job market include demand, job availability, salary prospects, industry growth, and relevance. Assessing these factors through research, industry trends, and consulting professionals in the field can aid in determining a course’s profitability.
3. What factors make a course profitable in Nigeria?
Courses become profitable based on industry demand, specialized skills, relevance to emerging sectors, salary prospects, job availability, and contribution to economic growth. High-demand fields with shortages of skilled professionals often yield profitable careers.
4. Are there specific courses that guarantee high salaries in Nigeria?
Courses like Medicine, Pharmacy, Engineering (especially Petroleum), Law, and Accounting/Finance often offer high salary potentials in Nigeria due to the critical roles these professions play in the economy and demand for their expertise.
5. Which courses offer the best job opportunities and financial rewards in Nigeria?
Courses like Medicine, Pharmacy, Engineering (Petroleum, Electrical, Mechanical), Law, and Accounting/Finance typically provide excellent job opportunities and financial rewards due to high demand and specialized skills required in these fields.
6. How does the duration of study affect the profitability of a course in Nigeria?
Longer duration courses like Medicine (typically 6 years), Engineering (4-5 years), and Pharmacy (5 years) may require more investment in education but often yield higher returns due to specialized knowledge and skills gained, resulting in better-paying job opportunities.
7. What role does specialization play in the profitability of certain courses in Nigeria?
Specialization in fields like Medicine (specialist doctors), Engineering (specialized fields like Petroleum Engineering), Law (specialized legal practices), and Accounting (chartered accountants) can significantly enhance career prospects and earning potential.
8. Can pursuing a less popular course still lead to a profitable career in Nigeria?
Yes, pursuing a less popular course can still lead to a profitable career. Emerging fields like Environmental Science, Information Technology, and Agriculture/Agronomy offer promising opportunities due to increasing demand and evolving job markets.
9. Are there regional variations in the profitability of certain courses in Nigeria?
Regional variations exist based on industries predominant in specific regions. For instance, courses related to the oil and gas industry might be more profitable in regions with oil-rich reserves, while agriculture-related courses might thrive better in agrarian regions.
10. What are the prospects for graduates of courses like Medicine, Engineering, and Law in Nigeria?
Graduates of Medicine, Engineering, and Law often enjoy high demand, good job prospects, and competitive salaries. These fields have enduring relevance and remain critical in Nigeria’s economic development.
11. How do I balance my interests with the profitability of a course when choosing a field of study?
It’s essential to strike a balance between personal interests, skills, passion, and the potential for financial rewards. Evaluating the market demand, career prospects, and aligning them with personal interests can help make an informed decision.
12. What industries or sectors in Nigeria offer the most opportunities for specific courses?
Industries such as healthcare for Medicine and Nursing, pharmaceuticals for Pharmacy, construction and energy sectors for Engineering, legal and corporate sectors for Law, and technology firms for Computer Science/Information Technology offer significant opportunities for specific courses.
13. Are there particular skills or certifications that can enhance the profitability of a course in Nigeria?
Additional certifications, postgraduate degrees, and specialized skills often enhance the profitability of a course. For example, certifications in project management for Engineers or specialized legal certifications for Law graduates can boost career prospects and earning potential.
14. How do market trends and technological advancements impact the profitability of certain courses in Nigeria?
Market trends and technological advancements directly influence the profitability of courses. Courses related to emerging technologies (such as IT, Biotechnology) tend to be more profitable due to increased demand for skills in these sectors.
15. What are the long-term prospects and career growth opportunities for graduates in the most profitable courses in Nigeria?
Graduates in high-demand courses experience promising long-term prospects with opportunities for career growth, higher salaries, managerial positions, entrepreneurship, and even international career options due to the transferable nature of skills acquired in these fields.
These comprehensive answers aim to provide insights into understanding the factors, prospects, and considerations associated with the profitability of various courses in Nigeria’s job market.
Conclusion on Top 20 Most Profitable Courses in Nigeria
These are the top 20 most profitable courses in Nigeria. Although, there are other very lucrative courses in Nigeria which are not mentioned in this post.
The above-listed courses offer students numerous opportunities to earn comfortably once they secure a job upon graduation.
We advise that the profitability of these courses shouldn’t be the only reason any student should hurriedly choose to study any of these courses.
As a student, you have to follow up your passion or at least strike a balance between your desired course and individual ability. Doing this will make your course of study fun and easy. We hope this helps.