High paying jobs are probably at the top of most job seekers' list and if you are making a career change it is worth knowing which jobs and careers actually offer the highest paying jobs. I've added a selection of the high paid jobs both in the USA and the UK so you can make a salary comparison and know whether they are jobs you could realistically pursue.
One question is: do all the high paying jobs need a degree? The answer is no but I recommend you read this page to see some of the differences that occur between the USA and the UK employment markets. Starting with the US and the degrees that make a difference to the highest paying jobs.
Degrees That Can Get You the Highest Paying Jobs
For individuals looking forward to pocketing fat paychecks right after acquiring their degree, having complete and essential knowledge about the degrees that are worth highest starting salary is extremely important. Unfortunately, it only appears reasonable for the high earning college degrees to exist as the most tricky to accomplish and the most ignored by the college students since such degrees are believed to 'disturb' their social lives as they are quite challenging.
NACE (National Association of Colleges and Employers) performed a research and the result listed the 15 top-paying college degrees in 2009 after carrying out a survey in around 200 college career centers. Just as before, math-based majors have secured the top positions. Petroleum Engineering stands as the highest paying degree of this year having a median starting salary of $83,121 yearly. This has been linked to the shortage of oil in addition to the fact that petroleum stands among the major sources of energy, not only in America but in just about every part of the world.
According to Ed Koc (NACE's Director of Research), Math is at the crux of how much one gets paid. Having the mathematical skills gives you the status of being a priceless asset. And people with such skills aren't easily found. Therefore, it's clear that top students in math-based fields shouldn't in any way have a difficulty landing jobs in the highly competitive high paying jobs market. On the other hand, the "average" graduates may not land high-paying jobs during their first year after the completion of college easy.
The employment expert and Quicken blog editor, Mr. Farnoosh Torabi, has re-assured engineers and math majors by saying that we are living in a tech-driven world where the demand [for engineers] is simply going to develop. The same can't be said about a majority of fields, particularly in this economic turmoil.
Engineering majors hold the status of being the top earning slots and this is obvious since only 3 out of the top 15 high earning majors as exposed by NACE report are other than engineering majors. They consist of: Computer Science, Actuarial Science and Construction Management.
Here's the data from this report.
• Petroleum Engineering - $ 83,121
• Chemical Engineering - $64,902
• Mining Engineering - $64,404
• Computer Engineering - $61,738
• Computer Science - $61,407
• Electrical Engineering - $60,125
• Mechanical Engineering - $58,766
• Industrial Engineering - $58,358
• Systems Engineering - $57,438
So, the Word of the day is: Engineering tops the list of high-paying careers.
Finally, the debate has come to an end; it has become evident that the math majors are certainly the highest earning college degrees, especially the engineers and not the medical professionals as many people used to believe.
NACE (National Association of Colleges and Employers) performed a research and the result listed the 15 top-paying college degrees in 2009 after carrying out a survey in around 200 college career centers. Just as before, math-based majors have secured the top positions. Petroleum Engineering stands as the highest paying degree of this year having a median starting salary of $83,121 yearly. Now, this may have a direct or indirect relation with the scarcity of the essential commodity (oil)! These highly paid trained individuals earn their living by working out ways to harness the unusual commodity from beneath the earth's surface once their reservoirs have been located.
Chemical Engineer majors stand as the second highly paid college degree and their job is to construct plastics and power cells and the like, earning an amazing $64,902 while the mining engineers secure an average of $64,404 gripping the third most high paying jobs degree status.
The top 15 highest earning college degrees include:
• Petroleum Engineering - $ 83,121
• Chemical Engineering - $64,902
• Mining Engineering - $64,404
• Computer Engineering - $61,738
• Computer Science - $61,407
• Electrical Engineering - $60,125
• Mechanical Engineering - $58,766
• Industrial Engineering - $58,358
• Systems Engineering - $57,438
• Engineering Technology - $56,447
• Actuarial Science - $ 56,320
• Aeronautical Engineering - $56,311
• Agricultural Engineering - $54,352
• Biomedical Engineering - $54,158
• Construction Management - $53,199
From the above data, it is apparent that computer science, actuarial science along with construction management are the only high paying fields other than engineering. This clearly indicates the level of emphasis laid out on math-oriented diplomas and degrees as such high salaries are as a result of the small number of graduates in the engineering field. The job market is highly influenced by demand and supply and that is the reason as to why arts oriented majors' wind up being lowly paid. The sole reason lies in the fact that they tend to be comparatively greater in number in the job market. In real, about 4% of the college graduates are engineering majors whereas 16% are social sciences majors and another 16% constitute history majors.
According to Ed Koc (NACE's Director of Research), Math is at the crux of how much one gets paid. Having the mathematical skills gives you the status of being a priceless asset. And people with such skills aren't easily found. Therefore, it's clear that top students in math-based fields shouldn't in any way have a difficulty landing jobs in the highly competitive high paying jobs market.
Sheila Danzig is founder of Degree.com, http://www.degree.com and Career Consulting International, http://www.TheDegreePeople.com and BG Publishing International. Danzig holds a Bachelor's degree from Hunter College of the City University of New York, a Masters degree from the Institute of Transpersonal Psychology, and a Doctorate from Universidad San Juan de la Cruz where he is currently a professor. Danzig has co-authored a paper on the acceptance of the 3-Year Indian degree which has been published at IMMIGRATION DAILY among other publications worldwide. The books she has written include, One Year to Your College Degree, The Big Book of College Scholarship and others.
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High Paying Jobs In The UK That Don't Require A Degree
Based on data from the Office for National Statistics, the Annual Survey of Hours and Earnings (ASHE) report and my own research, here are some high paying jobs in the UK that don't all require a degree.
1. Chartered Engineer: £70,000
2. Police officers (inspector at point 3 and above): £54,804
3. Finance Managers (outside London): £48,619
4. Air traffic controllers: £46,000 - £50,000 (after 2 years)
5. Pilot (First Officer): £40,000 - £60,000
6. Fire (Watch Officer): £40,109
7. Managers (sales & marketing): £39,739
8. Train drivers: £35,036
The salaries in some of the occupations above may be higher than the figures for high paying jobs as stated above; it is not unusual for an airline pilot's salary to top £100,000 as an experienced 747 pilot with over 20 years experience, whereas many sales & marketing managers can earn almost double the numbers shown. And you should take account of regional differences between say, the north and south of the country.
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