High Paying Jobs in Demand for Future

You have the goal of launching a professional career in a subject area that piques your interest. But if you're like the majority of people, you also want to choose a career path that is going to provide lucrative opportunities—not just right now, but also for years (or decades!) to come, and that means picking a high-paying job that is in demand today and will continue to be in demand for the foreseeable future.

But how can you determine which kinds of occupations will afford such prospects, not just now but also in five or ten years' time? You are spared the trouble of making a wild guess. Each year, the Bureau of Labor Statistics (BLS) publishes employment predictions for growth over the next ten years for both the economy as a whole and for each specific vocation. These projections are broken down by industry. There is no such thing as absolute certainty, and the most recent projections, which are based on models that use historical data up until 2019, do not account for the impact that the COVID-19 pandemic will have, but the growth predictions made by the BLS can give you a good sense of the long-term trajectory of a wide variety of roles.

Let's take a look at fifteen high-paying occupations that are projected to have significant growth over the course of the next ten years. For the purposes of compiling this list, we have determined that "high-paying" employment are those in which the BLS projects that the median annual wage in 2020 would be more than the median annual family income in the United States, which was $68,703 in 2019. The BLS anticipates that employment in this field will increase "faster than average" or "much faster than normal" during the next decade, which is what is meant by the phrase "poised for considerable expansion." (For the sake of comparison, the average growth rate for all vocations is 4%.)

1. the actuary

Median wage in 2020: $111,030

It is anticipated that the growth rate would be 18 percent between 2019 and 2029. (much faster than average)

Actuaries are often employed by insurance firms, where they are tasked with doing risk assessments. Actuaries use mathematics, data, and statistics to determine whether or not their employer should issue a policy to a potential customer, whether that customer is an individual or a business, and if they decide that a policy should be issued, they determine what the appropriate premium should be for that policy. Actuaries may work for either private or public companies. Actuaries analyze not just retirement benefits and other assets, but also medical malpractice insurance, workers' compensation insurance, car insurance, homeowner insurance, life insurance, and other types of insurance policies.

A degree in actuarial science or a related discipline (such as mathematics or statistics) is required. Actuarial science focuses on the use of mathematical and statistical models to evaluate risk. In addition, in order to get employment certification from the Casualty Actuarial Society (CAS) or the Society of Actuaries, actuaries have to demonstrate that they have successfully completed a number of demanding tests spread out over a period of many years (SOA).

2. Engineer who works in industry

Median salary in 2020: $88,950

A growth rate of 10 percent is anticipated between the years 2019 and 2029. (much faster than average)

The pursuit of optimization and efficiency is the focus of the work of industrial engineers. They assess the people, systems, and processes inside a company using the concepts of mathematics, statistics, science, and engineering. These principles are used to the evaluation of supply chains, operations, finances, as well as machinery or equipment. Their objective is to determine the method that will result in the most efficient integration of the many processes and systems required to produce a product or service. They guarantee that firms maintain low costs, maintain high levels of production, and achieve their organizational objectives (for example, shipping a new product by a certain deadline or optimizing shipping and delivery operations).

It is absolutely necessary to have a bachelor's degree in industrial engineering or a discipline that is closely linked to it in order to work as an industrial engineer, and the majority of industrial engineers go on to earn additional degrees.

3. Data Scientist

Median salary in 2020: $98,230

It is anticipated that the growth rate would be 31 percent between 2019 and 2029. (much faster than average)

Data scientists are responsible for developing the frameworks that enable businesses to gather, organize, and analyze data, as well as use that data to make more informed choices for their company. The position might include anything from executing data trials to applying statistical models and algorithms, generating data products, and refining frameworks in order to boost effectiveness and deliver better business results, depending on the demands of the organization.

Data science is a highly technical and data-heavy function; hence, a bachelor's degree in computer science, engineering, statistics, mathematics, or engineering, or a discipline that is closely related, is often required for employment in this sector (and many companies prefer their data scientists hold an advanced degree).

4. Manager of Information Systems (also known as IS)

Median income in 2020: $151,150

A growth rate of 10 percent is anticipated between the years 2019 and 2029. (much faster than average)

The management of an organization's information systems falls within the purview of information systems managers, commonly referred to as IS managers. These individuals are responsible for the planning and, of course, the management of an organization's information systems. They are tasked with evaluating a company's current technology, remaining current on available upgrades and best practices, developing an information systems strategy or plan, making recommendations on everything from hardware to software to security, and supervising a team to implement their plans and recommendations. Typically, they hold a senior-level role within a company's information technology (IT) department. For example, an information systems manager is responsible for analyzing the costs and benefits of a new piece of software, presenting their recommendation to executives or other decision makers, ensuring that the software is installed effectively across the organization, and supervising the software's ongoing maintenance and security.

IS managers need to have a comprehensive knowledge of information systems, and as a result, they often have a bachelor's degree or higher in a subject that is connected to technology (like computer science or information technology).

5. Analyst of Information Security Position

Median wage in 2020: $103,590

It is anticipated that the growth rate would be 31 percent between 2019 and 2029. (much faster than average)

Information security analysts are in charge of maintaining the confidentiality, integrity, and availability of a company's data, which is a primary concern for the vast majority of businesses in this day and age, when so much sensitive information is sent and stored digitally. Information security analysts are responsible for a wide variety of tasks, including conducting research on and testing various security solutions, evaluating an organization's existing digital security processes, locating and fixing vulnerabilities, managing security threats or breaches, and developing and putting into practice various security solutions and technologies (such as by overseeing the installation of firewalls and the use of data encryption).

Information security analysts are required to have a comprehensive understanding of all aspects of cybersecurity and often possess a bachelor's degree (or higher!) in a technology-related discipline, such as computer science. In addition, they must maintain a vigilant and vigilant attitude at all times.

6. Financial Manager

Median income in 2020: $134,180

A growth rate of 15 percent is anticipated between the years 2019 and 2029. (much faster than average)

The management of an organization's finances is within the purview of the financial manager, as suggested by the job's title. Financial managers may either work for a business that employs them directly or they can work for a consulting firm where they are responsible for the financial management of the customers of the consulting firm. A financial manager may be responsible for a variety of finance-related tasks, depending on the needs of the company or client. These tasks may include identifying financial weaknesses or risks; developing solutions to eliminate those weaknesses or risks; performing financial research; creating financial projections and reports; preparing financial statements; setting financial goals; providing suggestions for how the company or client can hit those financial goals; and suggesting ways to improve the company's or client's financial situation.

Candidates typically need a bachelor's degree in finance, business, or a field related to get started in the field of financial management. This is because financial management requires an in-depth knowledge of business finance, which candidates might have gained while working as accountants or financial analysts, for example.

7. Registered Nurse (RN)

Median salary in 2020: $75,330

A growth rate of 7 percent is anticipated between the years 2019 and 2029. (faster than average)

Patients get medical attention and assistance from registered nurses, who are commonly referred to as RNs. Registered nurses work in a wide range of venues and specialities, including hospitals, doctor's offices, surgical centers, nursing care facilities, schools, and patients' homes (such as emergency care, pediatrics, or oncology). Nurses may be responsible for a broad range of patient-related activities, ranging from monitoring vital signs to providing medicine to aiding with surgical procedures, depending on where they work, the area in which they specialize, and the requirements of their patients. In addition to this, they obtain patient histories, update medical records, monitor equipment, interact with patients, train patients, and teach patients.

Before you can begin working and seeing patients as a registered nurse (RN), you are required to get either an associate's or a bachelor's degree in nursing and pass a licensure test. Only then will you be eligible to begin your profession.

8. Medical Assistant to the Physician (PA)

Median salary in 2020: $115,390

It is anticipated that the growth rate would be 31 percent between 2019 and 2029. (much faster than average)

A physician assistant, usually referred to as a PA, is a qualified medical practitioner who is licensed to offer regular patient care. They are also known as PAs. A physician assistant (PA) may examine, diagnose, and treat patients, as well as prescribe medicine and design treatment plans, much like a medical doctor (MD). PAs can also construct treatment plans. However, in contrast to physicians, who operate on their own, PAs are required to act under the direction of an MD. PAs have the ability to work in a range of environments, such as hospitals and doctor's offices, as well as in a variety of medical specializations (from primary care to surgery).

A bachelor's degree in biology or a related topic is required to begin a career as a physician assistant. This is followed by completion of a master's degree program (often referred to as "PA school"), a national certification test, and licensure requirements (requirements vary by state).

9. Sales Engineer

Median income in 2020: $108,830

A growth rate of 6 percent is anticipated between the years 2019 and 2029. (faster than average)

The term "sales engineer" alludes to the fact that this position is somewhat of a hybrid, combining aspects of sales and engineering in various ways. Sales engineers are generally employed by businesses that provide customers with a variety of advanced technological goods or services. Sales engineers collaborate with customers to examine their existing systems and devise bespoke solutions to meet the specific requirements of each unique customer. They are involved in client presentations and pitches, the completion and renewal of transactions, the installation of software or hardware, and the provision of support after the technology has been implemented.

To enter the field of sales engineering, candidates typically need at least a bachelor's degree in engineering to get their foot in the door (although some opportunities will require a master's degree). This is due to the fact that sales engineers are required to have an in-depth knowledge of science, technology, and engineering principles in order to do their job successfully.

10. Writer of technical documents

Median salary in 2020: $74,650

A growth rate of 7 percent is anticipated between the years 2019 and 2029. (faster than average)

Technical writers are responsible for converting difficult technical concepts into language that can be easily read and understood by the general public. This can take the form of journal articles, educational materials, video scripts, tutorials, instruction manuals, or frequently asked questions (FAQ) pages, among other things. This indicates that they are required to engage in conversation with the individuals responsible for the design and production of the relevant products or equipment, for instance, in order to comprehend the ins and outs of the topic they are writing about and ascertain the type of documentation that is required. It's possible that their audience will consist of coworkers from inside their own firm, clients, consumers, or the wider public.

Technical writers often have degrees in English, communications, or another discipline that is closely connected to the profession. In order to be successful as a technical writer, you will also need an in-depth knowledge of the particular technical topic that you will be writing about, whether that be computer science, engineering, medicine, or something else entirely (in some cases, that might come in the form of a degree or prior work experience in that field).

11. Person Who Develops Software

Median wage in 2020: $110,140

A growth rate of 22 percent is anticipated between the years 2019 and 2029. (much faster than average)

Software developers are also known as software engineers. They are responsible for the design, coding, testing, and development of software. This may range from an enterprise software solution that serves a large organization to a consumer-facing mobile app that is used by people.

Learning how to code will be the single most critical factor in determining your level of success as a software developer. Therefore, whether you learn to code through a degree program, a coding bootcamp, or by teaching yourself, for the majority of gigs, it really doesn't matter; as long as you have the skills—and can prove it during a technical interview—you should be able to land a job. If you have any questions about this topic or would like more information, feel free to contact us.

12. Marketing Manager

Median income in 2020: $141,490

A growth rate of 6 percent is anticipated between the years 2019 and 2029. (faster than average)

It is the responsibility of marketing managers to spread the word about a product, service, event, or brand with the purpose of persuading consumers that it is worthwhile to purchase the item, attend the event, follow the brand, etc. Some marketing managers are generalists, while others specialize in one type of marketing (such as content marketing, email marketing, social media marketing, e-commerce, or search engine optimization and marketing)—and lead the charge in developing, implementing, and optimizing strategies and campaigns to increase awareness, connect with customers, and drive sales or other conversions. Some marketing managers are generalists, while others are specialists in one type of marketing.

The majority of marketing managers have earned degrees either in marketing or in fields closely linked to it. You can be a generalist at a smaller firm, in which case you are expected to manage many or all parts of marketing while working on a small team or even by yourself. However, many organizations that are mid-sized or bigger prefer to recruit specialist marketers; hence, the more talents you can get in a particular area of marketing, the greater the likelihood that you will land a high-paying position.

13. Manager of Human Resources (also known as HR)

Median income in 2020: $121,220

A growth rate of 6 percent is anticipated between the years 2019 and 2029. (faster than average)

Managers of human resources, sometimes referred to more generally as HR managers, are in charge of managing everything inside a business that pertains to the workers that make up that firm.

Depending on the requirements of the business, human resource managers may be responsible for a wide range of employee-related responsibilities, such as recruitment, employee onboarding and training, and supervision of the administration of benefits. Additionally, HR managers may be responsible for handling employee grievances and leading efforts aimed at enhancing the culture of the organization (like team-building activities or company wellness programs).

The majority of human resources management positions demand a bachelor's degree; but, some businesses may select applicants with great people skills and logistical abilities (HR managers deal with a lot of paperwork!). regardless of whether or not they have a degree. It is important to keep in mind that in order to get a wage of this kind, you will first need to build up your experience and move into a position of increasing responsibility.

14. Database Administrator

Median salary in 2020: $98,860

A growth rate of 10 percent is anticipated between the years 2019 and 2029. (much faster than average)

Database administrators are accountable for the upkeep of a company's database systems and for ensuring that the information that is kept on such systems can be accessed in a manner that is not only convenient but also safe. This may involve optimizing data collection, storage, and organization; backing up systems; identifying problems or inconsistencies within the database and developing solutions; developing new databases and transferring data into them; supervising user permissions; and designing and implementing security measures. However, this will vary depending on the database.

It is essential for database administrators to have an understanding of databases, including how they function, as well as the means by which they can be managed and optimized. As a result, the majority of database administrators hold a bachelor's degree in information technology, computer science, or a related field.

15. Manager of Public Relations (also known as PR)

Median income in 2020: $118,430

A growth rate of 9 percent is anticipated between the years 2019 and 2029. (much faster than average)

Public relations managers, also known as PR managers, are responsible for shaping how a person, company, or product is perceived by the general public. This may include creating excitement around the launch of a new product, obtaining press coverage for a new book, or building positive brand sentiment for a business. These objectives may be accomplished by public relations managers via the use of a range of tactics, such as forming and sustaining connections with the media, penning press releases, and engaging in "damage control" in order to lessen the effect of unfavorable publicity.

PR managers normally have a bachelor's degree in public relations, communications, marketing, or a similar profession; however, applicants without a degree who have expertise developing interest and driving favorable publicity may be able to open doors.