Paymaster education requirements

Updated January 8, 2025

4 min read

There are several educational requirements to become a paymaster. Paymasters usually study accounting, business, or hospitality management. 57% of paymasters hold a bachelor's degree, and 23% hold an associate degree. We analyzed 179 real paymaster resumes to see exactly what paymaster education sections show.

The most common colleges for paymasters are the Iona College and the Iona College.

There are also many online paymaster courses to help get the education required to be a paymaster.

What education do you need to become a paymaster?

What degree do you need to be a paymaster?

The most common degree for paymasters is bachelor's degree, with 57% of paymasters earning that degree. The second and third most common degree levels are associate degree degree at 23% and associate degree degree at 9%.

Bachelor's, 57%

Associate, 23%

High School Diploma, 9%

Master's, 6%

Other Degrees, 5%

What should I major in to become a paymaster?

You should major in accounting to become a paymaster. 26% of paymasters major in accounting. Other common majors for a paymaster include business and hospitality management.

Accounting, 26%

Business, 22%

Hospitality Management, 7%

Finance, 6%

Other Majors, 39%

Most common colleges for paymasters

Paymasters often get their degrees at Iona College, Miami Dade College, and American InterContinental University. Here are the most common colleges for paymasters in the US based on their resumes.

Paymaster common college	Percentages
Iona College	8.33%
Miami Dade College	8.33%
American InterContinental University	8.33%
Temple University	8.33%
University of Houston	4.17%

Show more common paymaster colleges

Best majors for paymasters

Rank	Major	Percentages
1	Accounting	25.5%
2	Business	22.3%
3	Hospitality Management	7.4%
4	Finance	6.4%
5	Management	5.3%

Show more common paymaster majors

Best colleges for paymasters

The best colleges for paymasters are Northwestern University, University of Pennsylvania, and Boston University.

A paymaster with advanced education typically earns a higher salary and has access to better jobs. That's why Zippia looked into the best colleges for paymasters. We based this list on several metrics: admissions rate, retention rate, mean earnings of graduates, the ratio of working vs. non-working students ten years after admission, the average cost of attendance, and median debt for graduates who become paymasters.

1. University of Pennsylvania

Philadelphia, PA • Private

In-state tuition

$55,584

Enrollment

10,764

2. Northwestern University

Evanston, IL • Private

In-state tuition

$54,568

Enrollment

8,451

3. University of Southern California

Los Angeles, CA • Private

In-state tuition

$56,225

Enrollment

19,548

4. SUNY at Binghamton

Vestal, NY • Private

In-state tuition

$9,808

Enrollment

13,990

5. Villanova University

Villanova, PA • Private

In-state tuition

$53,308

Enrollment

6,819

6. San Diego State University

San Diego, CA • Private

In-state tuition

$7,488

Enrollment

30,018

7. Bentley University

Waltham, MA • Private

In-state tuition

$49,880

Enrollment

4,177

8. SUNY Farmingdale

Farmingdale, NY • Private

In-state tuition

$8,306

Enrollment

9,394

9. Boston University

Boston, MA • Private

In-state tuition

$53,948

Enrollment

17,238

10. SUNY Stony Brook

Stony Brook, NY • Private

In-state tuition

$9,625

Enrollment

17,407

20 best online courses for paymasters

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Top 10 most affordable universities for paymasters

The most affordable schools for paymasters are SUNY Farmingdale, baruch college of the city university of new york, and brooklyn college of the city university of new york.

If the best universities for paymasters are out of your price range, check out these affordable schools. After factoring in in-state tuition and fees, the average cost of attendance, admissions rate, average net price, and mean earnings after six years, we found that these are the most affordable schools for paymasters.

1. SUNY Farmingdale

Farmingdale, NY • Private

In-state tuition

$8,306

Cost of attendance

16,091

2. Baruch College of the City University of New York

New York, NY • Private

In-state tuition

$7,262

Cost of attendance

14,046

3. Brooklyn College of the City University of New York

Brooklyn, NY • Private

In-state tuition

$7,240

Cost of attendance

13,991

4. California State University - Dominguez Hills

Carson, CA • Private

In-state tuition

$6,942

Cost of attendance

14,469

5. USF Sarasota-Manatee

Sarasota, FL • Private

In-state tuition

$5,587

Cost of attendance

13,043

6. Brigham Young University

Provo, UT • Private

In-state tuition

$5,620

Cost of attendance

18,136

7. SUNY Polytechnic Institute

Utica, NY • Private

In-state tuition

$8,238

Cost of attendance

21,567

8. Minot State University

Minot, ND • Private

In-state tuition

$7,064

Cost of attendance

15,576

9. Florida International University

Miami, FL • Private

In-state tuition

$6,556

Cost of attendance

19,434

10. Clayton State University

Morrow, GA • Private

In-state tuition

$5,419

Cost of attendance

17,697

Top 10 hardest universities to get into for paymasters

The hardest universities for paymasters to get into are Northwestern University, University of Pennsylvania, and Boston University.

Some great schools for paymasters are hard to get into, but they also set your career up for greater success. The list below shows the most challenging universities to get into for paymasters based on an institution's admissions rates, average SAT scores accepted, median ACT scores accepted, and mean earnings of students six years after admission.

1. Northwestern University

Evanston, IL • Private

Admissions rate

SAT average

1,508

2. University of Pennsylvania

Philadelphia, PA • Private

Admissions rate

SAT average

1,492

3. Boston University

Boston, MA • Private

Admissions rate

22%

SAT average

1,420

4. New York University

New York, NY • Private

Admissions rate

20%

SAT average

1,419

5. University of Southern California

Los Angeles, CA • Private

Admissions rate

13%

SAT average

1,445

6. Villanova University

Villanova, PA • Private

Admissions rate

29%

SAT average

1,407

7. Stanford University

Stanford, CA • Private

Admissions rate

SAT average

1,497

8. Bentley University

Waltham, MA • Private

Admissions rate

43%

SAT average

1,338

9. SUNY at Binghamton

Vestal, NY • Private

Admissions rate

40%

SAT average

1,376

10. George Washington University, The

Washington, DC • Private

Admissions rate

42%

SAT average

1,380

Top 10 easy-to-apply-to universities for paymasters

The easiest schools for paymasters to get into are Notre Dame de Namur University, oklahoma wesleyan university, and holy names university.

Some schools are much easier to get into. If you want to start your career as a paymaster without much hassle, check out the list of schools where you will be accepted in no time. We compiled admissions rates, average SAT scores, average ACT scores, and average salary of students six years after graduation to uncover which were the easiest schools to get into for paymasters.

1. Notre Dame de Namur University

Belmont, CA • Private

Admissions rate

82%

SAT average

983

2. Oklahoma Wesleyan University

Bartlesville, OK • Private

Admissions rate

68%

SAT average

964

3. Holy Names University

Oakland, CA • Private

Admissions rate

70%

SAT average

849

4. D'Youville College

Buffalo, NY • Private

Admissions rate

100%

SAT average

1,072

5. Notre Dame College

Cleveland, OH • Private

Admissions rate

90%

SAT average

994

6. Nyack College

New York, NY • Private

Admissions rate

98%

SAT average

999

7. Gwynedd Mercy University

Gwynedd Valley, PA • Private

Admissions rate

92%

SAT average

1,031

8. University of North Texas at Dallas

Dallas, TX • Private

Admissions rate

83%

SAT average

992

9. Manor College

Jenkintown, PA • Private

Admissions rate

94%

SAT average

898

10. Curry College

Milton, MA • Private

Admissions rate

93%

SAT average

1,026

Average paymaster salary by education level

According to our data, paymasters with a Bachelor's degree earn the highest average salary, at $79,652 annually. Paymasters with a Associate degree earn an average annual salary of $73,683.

Paymaster education level	Paymaster salary
High School Diploma or Less	$70,810
Bachelor's Degree	$79,652
Some College/ Associate Degree	$73,683

Paymaster education FAQs

What is the best college for Paymasters?

Have more questions? See all answers to common office and administrative questions.

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Updated January 8, 2025

Zippia Team

Editorial Staff

The Zippia Research Team has spent countless hours reviewing resumes, job postings, and government data to determine what goes into getting a job in each phase of life. Professional writers and data scientists comprise the Zippia Research Team.

Updated January 8, 2025

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