Does studying translation and interpreting translate into an actual working degree? The answer is a resounding YES. Several well accredited universities and specialty schools offer foreign language degrees up to the Master’s level. With more and more translation specialists being needed in the business and academic world, and a steadily rising shortage of qualified interpreters affecting the field, a degree in foreign language specialties is not only in demand, but also very lucrative, providing competitive wages in an ever growing industry.   Interpreters and Translators   Median annual wages, May 2012   Media and communication workers              $50,930   Interpreters…