Whether you want to make a quick entry to the workforce after high school or make a career in a specific occupation, the earning potential for today's employees hovers around $62,000 per year or $1,194 a week, the median weekly wage for full-time American workers, according to the US Bureau of Labor Statistics (BLS).2 Jobs in the occupations listed below, however, could help you surpass that figure, and they're in fields that are growing faster than average.
10 high-paying jobs with median annual wages over $75,000
1. Respiratory therapist
Median annual wage: $80,450 per year3
Annual wage range: $61,900 to $108,820 per year4
Respiratory therapy is an in-demand specialty with a projected 13% growth between 2023 and 2033, according to BLS.5 These pros work in shifts and care for patients who have difficulty breathing due to various conditions that affect the lungs, including underdeveloped lungs from premature birth, asthma, and chronic obstructive pulmonary disease (COPD). They conduct pulmonary function and blood tests and perform treatments like physiotherapy to help improve patients' breathing. A license is required in most states before you work with patients.
2. Epidemiologist
Median annual wage: $83,9806
Annual wage range: $56,950 to $134,8607
Education required: Master's degree
If you're curious about the inner workings of pandemics like COVID, you could pursue a job as an epidemiologist. These scientific pros often work for state or federal governments and are in a field with a projected 19% growth.8 Epidemiologists research injury and disease patterns and use the results to help improve community health outcomes. To become one, you typically need a master's degree in public health with an emphasis in epidemiology. Many epidemiologists go on to earn doctoral degrees so they can direct research and teach at universities.
3. Magnetic resonance imaging (MRI) technologists
Median annual wage: $88,1809
Annual wage range: $64,910 to $121,42010
Education required: Associate's degree
Someone needs to run the MRI scanner when a patient needs diagnostic images. That could be you if you're up for getting a 2-year degree and having a high-paying job in a health care facility or hospital. Though most states don't require MRI technologists to be licensed, you're more likely to get a job in this field if you're certified. That certification comes from the American Registry of Magnetic Resonance Imaging Technologists (ARMRIT). MRI technologists tend to start out as radiologic technologists, which is also relatively well-paying. Both those careers are expected to experience faster-than-average growth.
4. Diagnostic medical sonographer
Annual median wage: $89,34011
Annual wage range: $64,760 to $123,17012
Education required: Associate's degree or postsecondary certificate
You've likely heard diagnostic medical sonographers referred to by another commonly used name: ultrasound techs. These pros are trained to operate diagnostic medical imaging and testing equipment that look inside the human body. It's a career projected to grow 15% through 2033 and requires an associate's degree from a community college or specialty certification training.13 Once you've completed training, you can earn certification by taking an exam from a number of nationally recognized organizations. You could even get certified in different specialties, like breast or abdominal sonography.
5. Registered nurse (RN)
Median annual wage: $93,60014
Annual wage range: $66,030 to $135,32015
Education required: Associate's or bachelor's degree
With the biggest group of Baby Boomers hitting retirement age and nursing school enrollment not on pace with health care demand, there's a national nursing shortage. But this in-demand career caring for others could earn you upwards of $90,000 per year. To get the RN designation, you can choose a 2-year associate's degree (ADN) or a 4-year bachelor's degree (BSN). Those with BSN degrees typically earn higher wages, but the good news is that many hospital programs will help pay for ADNs to earn their BSN degrees. You'll also need to pass the NCLEX-RN exam to earn your registered nurse license. The Bureau of Labor Statistics projects there will be about 197,200 additional openings for RNs through 2033, reflecting 6% growth.16
6. Transportation, storage, and distribution managers
Median annual wage: $102,01017
Annual wage range: $61,200 to $180,59018
Education required: High school diploma or equivalent
Are you a logistical whiz? Do you enjoy organizing lots of moving parts? You could turn that skill and interest into a high-paying job, no college degree necessary (but a few years of related experience helps). These managers work for warehouses, storage facilities, trucking businesses, wholesalers, and even corporate enterprises to plan out transportation, storage, and distribution tasks. And opportunities in this career are growing faster than the average one.
7. Elevator and escalator installers and repairers
Median annual wage: $106,58019
Annual wage range: $54,720 to $149,25020
Education required: High school diploma (or equivalent) plus apprenticeship
Ready for an uplifting career? Becoming an elevator and escalator installer and repairer could help take you higher, potentially without a college degree. With a median salary above the $100,000 mark, these pros complete a 4-year apprenticeship through a union, employer, or industry association, which provides training on how to install and maintain a range of people-moving equipment. Most states require licenses too.
8. Actuary
Annual median wage: $125,77021
Annual wage range: $75,240 to $206,43022
Education required: Bachelor's degree
In this high-paying job, with an expected growth rate of 22% through 2033, you'll use a combination of statistics, math, and financial theory to assess risk and potential costs.23 The insurance industry relies on these pros because they help minimize loss and maximize profits. To become one, you'll need a bachelor's degree, often in business, math, statistics, or actuarial science, followed by certification through the Society of Actuaries (SOA) or the Casualty Actuarial Society (CAS). Employers typically expect you to pass one of these certification exams before you graduate.
9. Physician assistant
Median annual wage: $133,26024
Annual wage range: $95,240 to $182,20025
Education required: Master's degree
If the high cost of medical school turned you off from becoming a doctor, becoming a physician assistant could feed your passion for wellness, requiring fewer years in school and a lower average cost of education. There's a national physician shortage, and physician assistants can help fill that gap. You'll need to earn a master's degree from an accredited physician assistant program, typically 3 years long, though admission is highly competitive. Once you're in, you must serve over 2,000 clinical hours and pass the Physician Assistant National Certifying Exam (PANCE) to earn your PA credentials. You can then apply for your state license and work under a physician's supervision in various specialties like primary care, cardiology, neurology, and more.
10. Software developers
Median annual wage: $133,08026
Annual wage range: $79,850 to $211,45027
Education required: From no degree to a bachelor's degree
You may be surprised to learn you can have a high-paying job in tech without a college degree. You can learn various coding languages online for free and pursue roles in software development. But yes, you can get trained in a computer science college program instead. The field is expected to grow 18% by 2033, with even entry-level salaries generally above the national median wage.28
You've found a high-paying job. Now what?
Landing the high-paying job of your dreams could be the first step toward a more financially secure future. Step 2: Having a plan to ensure that your hard-earned wages work hard for you. Here are some tips to help you get the most out of your paycheck—from day 1 on the job and beyond.
Secure your emergency savings
Jobs come and go, which is why it's a good idea to make building up your emergency savings one of your top priorities. Consider setting up an automatic transfer from checking to savings each payday to save up $1,000 worth of essential expenses first. Keep going until you have roughly 3 to 6 months' worth of expenses stashed away. As you approach milestones like starting a family or buying a house, add a little more to your savings to cover all of the financial speedbumps you could hit.
Make the most of your employer's retirement plan
If your employer offers a match through a 403(b) or 401(k), make sure you're contributing enough to get the entire match. For instance, if your employer matches 100% of your contributions up to 3% of your annual salary, it's a smart money move to contribute at least 3% to the plan each year to get the full match. If you only contribute 1% or 2%, you're leaving money on the table.
Consider opening an IRA
After getting your employer's match, consider opening an IRA as part of your retirement savings strategy. Don't know whether to open a Roth or traditional IRA? Here's a quick overview: A Roth IRA lets you contribute after-tax money and receive federal tax-free distributions on earnings after age 59½ if withdrawals are made after a 5-year period, beginning with the first taxable year after which a contribution to the Roth IRA occurs.29 But you must earn under the Roth IRA income limit to contribute. A traditional IRA, on the other hand, is funded with after-tax money that may be tax-deductible. Earnings grow tax-deferred and distributions are taxed during retirement.30 If you'd like to be saving for retirement in a Roth account, but you earn too much to contribute directly to a Roth IRA, consider the backdoor Roth IRA strategy. It's a way of moving money into a Roth IRA, by making nondeductible contributions—or contributions on which you do not take a tax deduction—to a traditional IRA and then immediately converting those funds into a Roth IRA.
Which type of IRA is right for you? Our calculator can help you decide.
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