I am a firm believer in studying what you love and the money tends to work it's way out. That being said, Social Work is not one of the higher paying fields. The more education you have and training, the higher salary you can command. For example, if you have a master's degree in social work are a Licensed Clinical Social Worker, you will earn more money than a social workers with only a bachelor's degree. The bigger the hospital and bigger city it is located in, usually the higher the salary. If you earn your LCSW, you can go into private practice and supplement your income.