12 Top Paid Jobs in 2020

12 Top Paid Jobs in 2020

When you think about top paid jobs, the image of a Surgeon or a Lawyer might cross your mind.

Yes, surgeons are amongst the top paid professionals, but that doesn’t make it the only high paying job. In fact, in many cases a bachelor’s degree will suffice. And sometimes, you could land on a high paying job without a degree.

So if you’re considering the idea of applying for colleges and going after some MBA degree programs, take a look at all your options.

Should you even bother to get a degree?

Maybe the answer is yes. Maybe not. Whether you should or shouldn’t get a degree entirely depends on you. While there are some jobs that pay above the average and don’t require a degree there are also many degrees worth investing in.

More so, with the increasing availability of online education degrees it’s easier than ever to get one. And you might be surprised by the impressive amount of degrees available for different sectors.

Business

Economics

Marketing

Software development

Healthcare Services

Construction

Sports management

Engineering

Plenty, right? Wait until you see the list.

There are a lot of factors that come into play when speaking of “Top Paid Jobs” and average wage. The Bureau of Labor Statistics’ publishes estimates for job growth across hundreds of occupations. If a top paid job is decreasing in demand, it wouldn’t serve the purpose of this article.

First, let’s see some facts

According to the U.S. Census Bureau the annual median personal income in October 2019, the real per-capita disposable income was $45,646.

The jobs that are expected to have more growth in the next 5 years are those related to the health industry; Nurse practitioners, home aid health, therapists, etc… These jobs are expected to grow up to 30% by 2024

Here are some of the top paid jobs in 2020:

Anesthesiologists And Surgeons

Anesthesiologists and Surgeons

Median Salary:$208,000

Almost any job in the Healthcare industry for that matter. Surgeons and anesthesiologists work together, because unlike 174 years ago, no surgery is performed without anesthesia. And no anesthesia is administered without an anesthesiologist. Both are highly rewarding and highly paying jobs, but might not be recommended if you can’t handle stress and are not willing to study for so many years.

Of course, both jobs require a Medical Degree

Lawyers

Lawyers

Median salary:$144,230

As a part of the social services industry, lawyers work in many settings. From hospitals and law firms, to private companies or even as a consultant. Lawyers who work in firms tend to earn more than the ones who own private practices.

Besides a Doctorate degree, lawyers also require a license to practice in a certain area.

IT Manager

IT Manager

Median Salary:$152,860

IT management oversees all of the information technology resources of a company. Supervising day-to-day maintenance and making sure that the requirements of the company are being met. IT managers must know database design and project management as well as network structure and cyber security.

Financial advisor

Median Salary:$121,7702

These professionals provide advice about multiple subjects in the financial world; Taxes, insurances, investments, mortgages and more. It can be a very rewarding job – Financial advisors help their clients set and achieve their financial goals.

This is one of the careers that will see a faster-than-average job growth during the next few years. Interestingly enough, although recommended, a financial advisor does not always require a degree.

Financial Managers

Financial managers

Median Salary: $127,990

Financial managers are all about analyzing a company’s financial status, interpreting reports and making decisions based on that. They are in charge of finding new ways to increase business profitability and look for market opportunities. To get a financial manager position you’re usually required to have a bachelor’s degree and at least 5 years of experience in a related job.

Marketing Manager

Marketing manager

Median salary: $134,290

The job of a marketing manager is to help a company by increasing the awareness. They achieve this by monitoring market trends, developing pricing and targeting strategies, and creating advertising campaigns. Besides a degree the required knowledge includes market analysis and promotional strategy, communications and product management.

Of course, for jobs of this nature an MBA degree is always helpful.

Sales Manager

Sales manager

Median salary: $124,220 per year

This one usually requires a bachelor’s degree in any business related area but the skills you are able to develop are more important. As a sales manager, you must be able to negotiate, manage a team and have excellent communication skills.

Business Operations Manager

Business operations manager

Median salary: $123,880 per year

Business operation managers are a C-level executive, also known as Chief Of Operations (COO). As a business operation manager you would be in charge of maintaining the daily operations of the company to maximize profit. Develop strategies to improve the way a company works. A bachelor’s degree in business or related fields is usually a minimum requirement for this job, while MBA degrees are definitely a big plus.

Software Developers

Software developers

Median Salary: $103,620

According to the U.S Census Bureau the projected new positions between 2016 and 2026 are 47,100. The job includes research and implementation, testing and evaluation and determining operational practicality of software programs. Degrees in computer science and software engineering as well as related qualities are a requirement for this job.

App Developers

App Developers

Median Salary: $107,000

An app developer will create and implement the source code of applications in order to deliver solutions for its customers or company. This also includes the creation of technical guides to teach users how to use the app. Bachelor’s Degree in computer sciences, knowledge in programming principles and mathematical skills are part of this job requirement.

Computer And Information Systems Managers

Computer and information systems managers

Median Salary: $142,530

For this job a Bachelor’s degree is typically required. Also, at least some basic understanding of basic business is required. As with many computer and programming related mathematics and software development are a big plus. Before attaining the manager position it can take some years of experience in the area.

CyberSecurity Analyst

CyberSecurity Analyst

Median Salary: $ 98,900

Every company out there has the need for protecting its data. This is especially true in certain industries like healthcare and banking, in which sensitive information is stored. That is exactly what a cybersecurity analyst does – Identify potential security risks and make sure everything is in optimal conditions to prevent an attack. MBA degree in information systems, ethical hacking and experience in information security are some of the requirements.

Many of the degrees you require for these jobs can be obtained online

So if you are looking for some grants for a Master’s degree you might want to take a look at online options first, as these usually cost less. And while it is recommended that you do some research before paying for online classes you can also find that there are a lot of accredited schools that potential employers will take seriously.

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