7 answers
Kelly
Student
Singapore
10
Questions
Asked
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What job has a good high pay salary?
#job #financial-planning #money #salary
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7 answers
Kristin Cappelli-DeMarco, MS, SHRM-CP, PHR
Human Resources/Human Capital
4
Answers
Franklin Lakes, New Jersey
Updated
Kristin’s Answer
The best paying jobs change EVERY year depending on supply/demand, skill set and education.
Check out the following websites to see what data points they have collected for salary and compensation data. For example for free compensation information check out: salary.com or glassdoor.com. The DOL also has salary data points here: https://www.bls.gov/bls/blswage.htm
Consulting companies also have more reliable compensation data but usually it comes at a cost: Aon/Willis Towers Watson/Mercer, etc.
Also, there are certain industries that are known to pay more as well so you might want to target Fortune 1000 companies or technology or pharmaceutical industry companies as they tend to lead the market when it comes to pay. Think of companies like Facebook, Google, Apple, etc.
Imagine this...Depending when you graduate the job you get might not even be in existence right now ! For example, my kids want to become famous "You Tubers" but that role did not exist when I was growing up. My kids are too young to understand the amount of perseverance it takes to become successful in this field but I can imagine that it's like modeling or acting and that there is a lot of rejection involved as well as practice. No matter what you do just be tenacious, know it's okay to fail and just keep trying! You can always change your mind!
New technology comes out every day and this means it will impact the future of work, they way things get done and the future opportunities that will exist. As we create more machines and technology there will be people who will be needed to fix and maintain those machines and to code that technology. Block chain is also a new skill set that will pay well as more companies look to leverage that technology. Try a lot of different jobs as soon as you are allowed to work to figure out what you like and don't like about different working environments. You will see a big pay difference typically when it comes to jobs that require a bachelors' degree vs. jobs that hire without one at this point in time.
Right now I see a big need for technical computer skills and math skills and companies tend to pay more for those skillets coupled with people who have emotional intelligence and strong interpersonal skills. Specifically Data Scientists are hot jobs where there is a real war for talent and companies are paying high. Actuaries and Consultants also get paid well. CEO's and executives in corporations are highly compensated. Medical positions are also in high demand...and as you can imagine there is a lot of school involved but the pay is high once you become a Doctor. Lawyers also can make a lot of money if they open up their own practice. Entrepreneurs (people who start their own companies) are also typically the most wealthy individuals.
However, instead of focusing on money - I would first ensure that you know what types of activities you enjoy and try to base your focus on that first and then find related jobs that align with your passion and see if you would be happy with that compensation.
Read books and keep learning. Maybe one day you can invent something and you can make a lot of money by solving a problem and creating something that never existed. If you get a good idea you can secure a patent and those can be worth a lot of money too!
Check out salary data points here: https://www.bls.gov/bls/blswage.htm
Never stop learning - get an education, degrees, certifications and experiences.
There is more to life than money. Do a strength finder assessment online and see how you can turn them into your job.
Check out the following websites to see what data points they have collected for salary and compensation data. For example for free compensation information check out: salary.com or glassdoor.com. The DOL also has salary data points here: https://www.bls.gov/bls/blswage.htm
Consulting companies also have more reliable compensation data but usually it comes at a cost: Aon/Willis Towers Watson/Mercer, etc.
Also, there are certain industries that are known to pay more as well so you might want to target Fortune 1000 companies or technology or pharmaceutical industry companies as they tend to lead the market when it comes to pay. Think of companies like Facebook, Google, Apple, etc.
Imagine this...Depending when you graduate the job you get might not even be in existence right now ! For example, my kids want to become famous "You Tubers" but that role did not exist when I was growing up. My kids are too young to understand the amount of perseverance it takes to become successful in this field but I can imagine that it's like modeling or acting and that there is a lot of rejection involved as well as practice. No matter what you do just be tenacious, know it's okay to fail and just keep trying! You can always change your mind!
New technology comes out every day and this means it will impact the future of work, they way things get done and the future opportunities that will exist. As we create more machines and technology there will be people who will be needed to fix and maintain those machines and to code that technology. Block chain is also a new skill set that will pay well as more companies look to leverage that technology. Try a lot of different jobs as soon as you are allowed to work to figure out what you like and don't like about different working environments. You will see a big pay difference typically when it comes to jobs that require a bachelors' degree vs. jobs that hire without one at this point in time.
Right now I see a big need for technical computer skills and math skills and companies tend to pay more for those skillets coupled with people who have emotional intelligence and strong interpersonal skills. Specifically Data Scientists are hot jobs where there is a real war for talent and companies are paying high. Actuaries and Consultants also get paid well. CEO's and executives in corporations are highly compensated. Medical positions are also in high demand...and as you can imagine there is a lot of school involved but the pay is high once you become a Doctor. Lawyers also can make a lot of money if they open up their own practice. Entrepreneurs (people who start their own companies) are also typically the most wealthy individuals.
However, instead of focusing on money - I would first ensure that you know what types of activities you enjoy and try to base your focus on that first and then find related jobs that align with your passion and see if you would be happy with that compensation.
Read books and keep learning. Maybe one day you can invent something and you can make a lot of money by solving a problem and creating something that never existed. If you get a good idea you can secure a patent and those can be worth a lot of money too!
Kristin recommends the following next steps:
Larry Noethlich
Career Coach
2
Answers
Geneva, Illinois
Updated
Larry’s Answer
Here's a link to the top paying jobs for recent college graduates, https://www.collegechoice.net/50-highest-paying-careers-college-graduates.
Here's another link to top paying jobs that don't often require a degree, https://www.cnbc.com/2019/04/24/the-10-highest-paying-jobs-you-can-get-without-a-college-degree.html.
I hope this helps.
Here's another link to top paying jobs that don't often require a degree, https://www.cnbc.com/2019/04/24/the-10-highest-paying-jobs-you-can-get-without-a-college-degree.html.
I hope this helps.
Chinfee Premchand
Passion for People & Development
2
Answers
Singapore
Updated
Chinfee’s Answer
Hi Kelly, this is definitely a worthy question - lots of working professionals still ask this question.. Only some lucky ones realize the THEMES that exist in the various interests that bubble up as they move along in life + what they do best + personal preferences on how they do best to switch careers effectively. As others have shared, a lot of work is on understanding yourself and how you can contribute best, then research and focus your energies in the roles/companies which are the best paying.
You can do research easily on the benchmark salaries with many of the links provided - often Recruitment firms have FREE publications for the different sectors and locations if you want to deepdive research.
But these Salary numbers don't necessarily change much if you're looking in broad vocations. To echo some earlier contributors, a better way of navigating YOUR prospects is deciding what interests you first. That helps you narrow your search and be more effective. E.g. if Accounting and Finance is interesting to you... in Singapore, a good Actuary is highly sought after over the general Accountant; but does the specialized work interest you? and then... are there enough Actuary jobs to go around? Needless to say, it helps to also know the localized market needs. Matching skills education to supply/demand.
It's OK if your interests shift around over the years, what is important is that you grit through those years to ensure you build strong foundational skills and knowledge i.e. don't let experiences go to waste, even if you realize you don't enjoy them. Once you realize what your strengths and interest Themes are, understanding those Themes and properly applying how you work best within your interests is self-actualization foundations that will go the long way.
Writer Annie Dillard famously said, “How we spend our days is, of course, how we spend our lives.” For many of us, a large portion of our days is spent at work; in fact, the average person will spend 90,000 hours at work over a lifetime; about 1/3 your life is spent working for your living.... it's better you enjoy the working journey than be stuck with a high-paying job you DON'T enjoy - that usually invites a lot more problems for the future.
narrow a starting point for career search - think about what are the things you currently do best. Then look for the $$.
You can do research easily on the benchmark salaries with many of the links provided - often Recruitment firms have FREE publications for the different sectors and locations if you want to deepdive research.
But these Salary numbers don't necessarily change much if you're looking in broad vocations. To echo some earlier contributors, a better way of navigating YOUR prospects is deciding what interests you first. That helps you narrow your search and be more effective. E.g. if Accounting and Finance is interesting to you... in Singapore, a good Actuary is highly sought after over the general Accountant; but does the specialized work interest you? and then... are there enough Actuary jobs to go around? Needless to say, it helps to also know the localized market needs. Matching skills education to supply/demand.
It's OK if your interests shift around over the years, what is important is that you grit through those years to ensure you build strong foundational skills and knowledge i.e. don't let experiences go to waste, even if you realize you don't enjoy them. Once you realize what your strengths and interest Themes are, understanding those Themes and properly applying how you work best within your interests is self-actualization foundations that will go the long way.
Writer Annie Dillard famously said, “How we spend our days is, of course, how we spend our lives.” For many of us, a large portion of our days is spent at work; in fact, the average person will spend 90,000 hours at work over a lifetime; about 1/3 your life is spent working for your living.... it's better you enjoy the working journey than be stuck with a high-paying job you DON'T enjoy - that usually invites a lot more problems for the future.
Chinfee recommends the following next steps:
Pratham Preenja
Technical Consulting Engineer
9
Answers
Bengaluru, Karnataka, India
Updated
Pratham’s Answer
I would suggest you to focus on your skill sets and see where your interest are.
Try to hone those skills, gain experience in the industry where your skills are utilized and you will be able to get highly paid once you are an expert in your skills.
Try to hone those skills, gain experience in the industry where your skills are utilized and you will be able to get highly paid once you are an expert in your skills.
Marcus Williams
Verizon Solutions Specialist
5
Answers
Greensboro, North Carolina
Updated
Marcus’s Answer
Hey Kelly, while there are several high paying jobs in different fields, I would say to you first find what you like to do. Any job you choose to pursue, you should want to enjoy. You shouldn’t want to choose a career simply for the pay, because you could be choosing something you really don’t want to do. Research a few subjects or career fields you like first. Once you have that narrowed down to 3-5 interests, then research the salaries in those fields. When you have completed those steps then you can find the best career and salary for you specifically. Good question!!!
James Constantine Frangos
Consultant Dietitian & Software Developer since 1972 => Nutrition Education => Health & Longevity => Self-Actualization.
6183
Answers
Gold Coast, Queensland, Australia
Updated
James Constantine’s Answer
Dear Kelly,
Highly Rewarding Profession:
Financial Analyst
Financial analysts are the backbone of the financial world, guiding businesses and individuals in making informed investment decisions. Their role is to evaluate the performance of various investments like stocks, bonds, and more. They are typically found working in banks, insurance companies, mutual funds, and pension funds. To become a financial analyst, a bachelor's degree in finance, accounting, economics, or a related field is usually necessary. As per the U.S. Bureau of Labor Statistics, the median yearly income for financial analysts stood at $85,660 in May 2020. However, this can fluctuate based on factors such as experience, education, geographical location, and the specific industry.
Financial analysts have the potential to earn impressive salaries due to their specialized skill set in deciphering financial data and providing valuable advice to clients or employers. As they acquire more experience and proficiency in the field, financial analysts may find opportunities for career progression and increased remuneration.
To sum up, a career as a financial analyst is a highly rewarding job that offers competitive salaries and the potential for advancement in the financial industry.
Top 3 Credible Sources Used:
U.S. Bureau of Labor Statistics (BLS): The U.S. BLS is a federal agency that provides comprehensive data on employment, wages, and other labor-related information in the United States. It is a trusted source for statistics on various occupations, including salary information for financial analysts.
Investopedia: Investopedia is a renowned source of financial content on the web, offering educational resources on investing, finance, and market analysis. It provides insights into various finance careers and details about salary brackets in the industry.
Glassdoor: Glassdoor is a platform where current and former employees anonymously review companies and their management. It also offers salary information based on self-reported data from employees across various industries and job roles.
These sources were referred to ensure accurate and reliable information on highly rewarding jobs in the financial sector, with a particular focus on the salaries of financial analysts.
May God Bless You!
James Constantine Frangos.
Highly Rewarding Profession:
Financial Analyst
Financial analysts are the backbone of the financial world, guiding businesses and individuals in making informed investment decisions. Their role is to evaluate the performance of various investments like stocks, bonds, and more. They are typically found working in banks, insurance companies, mutual funds, and pension funds. To become a financial analyst, a bachelor's degree in finance, accounting, economics, or a related field is usually necessary. As per the U.S. Bureau of Labor Statistics, the median yearly income for financial analysts stood at $85,660 in May 2020. However, this can fluctuate based on factors such as experience, education, geographical location, and the specific industry.
Financial analysts have the potential to earn impressive salaries due to their specialized skill set in deciphering financial data and providing valuable advice to clients or employers. As they acquire more experience and proficiency in the field, financial analysts may find opportunities for career progression and increased remuneration.
To sum up, a career as a financial analyst is a highly rewarding job that offers competitive salaries and the potential for advancement in the financial industry.
Top 3 Credible Sources Used:
U.S. Bureau of Labor Statistics (BLS): The U.S. BLS is a federal agency that provides comprehensive data on employment, wages, and other labor-related information in the United States. It is a trusted source for statistics on various occupations, including salary information for financial analysts.
Investopedia: Investopedia is a renowned source of financial content on the web, offering educational resources on investing, finance, and market analysis. It provides insights into various finance careers and details about salary brackets in the industry.
Glassdoor: Glassdoor is a platform where current and former employees anonymously review companies and their management. It also offers salary information based on self-reported data from employees across various industries and job roles.
These sources were referred to ensure accurate and reliable information on highly rewarding jobs in the financial sector, with a particular focus on the salaries of financial analysts.
May God Bless You!
James Constantine Frangos.
Giaan Nguyen
Pharmacy Assistant
6
Answers
Federal Way, Washington
Updated
Giaan’s Answer
There are many jobs that have a good paying salary! Here's a link to a YouTube video that sums it up well for you. I hope it help!
https://www.youtube.com/watch?v=Lh-7R7dB0-Y
https://www.youtube.com/watch?v=Lh-7R7dB0-Y