The highest paying jobs are those that involve a great deal of training, expertise and skill. They may require years of education in addition to practical hands on training. Most of these jobs are also very high stress level jobs. It may come as no surprise that the high paying jobs in the country are found in the medical profession. Medical professionals devote a great deal of time, expense and effort to their career and the payoff it tremendous. However, it should be noted that most of the people who have paying jobs do their jobs because it is a passion and not for the money.
The number one of the highest paying jobs is the medical professional. These professionals receive a median salary of $166,400+ and spend 10 to 15 years of their life training for their career. Surgeons and specialists such as anesthesiologists are among the highest paid in the medical profession. Surgeons who specialize in a certain area like heart, brain or spine are highly sought after and thus highly compensated. Think about it, the higher the specialty, the higher the market demand for a medical professional. Like everything else, the labor market is based on supply and demand. If you are in a field with a large supply, your demand will be lower and thus your compensation will be lower.
CEOs come in at number to for high paying jobs. They have a median salary of $160,700 although many, like those in the medical profession make considerably more. The amount of time for training varies to a great degree with CEOs. These individuals have as varied backgrounds as the companies that they work for. This is a very high stress level job and therefore, the compensation is very high.
Psychiatrists come in at third for the top 10 highest paying jobs. These professionals make a median salary of $160,200 and considering the delicate nature of their work, they are compensated accordingly. They devote 10 to 14 years of their lives for training and needless to say, it is a profession that you get into for the passion and dedication rather than the money. It takes a special individual to be in this line of work.
Specialists in the dental field are number four with a median salary of $145,320. On average, dentists spend eight years training and specialists may spend one or two additional years. Dentists are faced with a high stress level job and are in high demand. Therefore, they are compensated highly. However, it is not a job for everyone. If you want to find a high paying job, this may not be it for you unless it is a passion.
Finally, coming in at number five for high paying jobs, engineering managers make on median average, $117,000 and spend six to seven years in training. Engineering managers take on a large amount of responsibility. They are tasked with planning, coordinating, researching, designing and overseeing production of engineering projects. Many also oversee the financial aspects of a project and have to assess the financial viability of a project before it is commenced.