The dream of 80% of the recent graduates is to get a lucrative career. Getting the right career path starts from high school. This article will give you perfect Lucrative Career Paths Examples for Young Graduates that pay well, even at entry level.
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Lucrative Career Paths Examples for Young Graduates
To choose a good career path, money should not be the main motivating factor. Your motivation should be your already inbuilt talents, skills, and passions. Still, it is important to consider your reward potential before you go into any career field. To identify a lucrative career check the following parameters below;
Reward Potential
The reward Potential is the most obvious factor that most people consider before they get into a career choice and before getting into a job option. whichever career option you are going for, it should have enough earning potential to fix your needs, and financial growth ability.
Growth With Time
Apart from monetary motivation, make sure the career will remain valid with time. You don‘t want a career option that will be out of phase after a few years.
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Career Type
if the monetary rewards and the relevance with time are the only factors you consider, you will most probably end up like some of those professionals who hate their jobs. To choose a career, you must love what it entails. That way, you will be able to thrive from entry-level to the highest professional levels without stress.
Value
You want to make sure that the career does not leave you as the same person. Your decided or chosen career should add value to your life as time goes on.
Industries Offering The Best Salaries Right Out Of College
You are rewarded with the amount of value that you render to the public. The career paths below offer very high value and are very rewarding. Here are ten of the most lucrative industries in the world.
- Finance
- Information Technology
- Management
- Education
- Medicine And Surgery
- Engineering
- Sciences
- Aviation
- Building And Architecture
- Agriculture
These industries were not listed in the order of importance or their rewards. Below, they are explained in terms of the value they offer, the careers in the fields, their average annual salary, and the minimum required qualifications.
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Top Ten High Paying Career Paths for Young Graduates
Here are the ten career paths to consider before even getting into college.
Medicine And Surgery
Medicine and surgery are one of the highest paying careers for recent graduates as some of the highest paying jobs in the world fall into this category. This field is very rewarding because its value is based on saving and preserving life. Some of the most lucrative jobs in medicine and surgery are;
- Cardiology
- Plastic surgery
- Nursing
- Neurosurgery
- Thoracic surgery
- Orthopedic Surgery
- Radiation oncology
- Vascular surgery
- Dermatology
People with these jobs earn up to $700,000 a year. To become a doctor, you must have a medical degree. There are many specializations, but this is the beginning of them all.
Engineering
Engineers make people’s lives easier by designing and maintaining machines and devices that help us do things easily. Because of this, some of the highest-paying career options in the world are engineering jobs. The list below contains some of them;
- Systems Engineering
- Aerospace Engineering
- Computer Hardware Engineering
- Data Engineering
- Nuclear Engineering
- Electrical Engineering
- Petroleum Engineering
- Chemical Engineering
Average salaries for entry-level engineers range from $80,000 to $150,000. To get this job, you must have a bachelor’s degree in engineering or any related and related field.
Sciences
Scientists are among the most important people in the world. Giving the world solutions to problems and providing things for health professionals, technologists, and engineers to work with giving them enough money to live. Some of the lucrative jobs to consider here are;
- Biotechnology
- Immunology
- Microbiology
- Molecular Biology
- Oncology
- Genetics
- Biochemistry
- Genomics
- Chemistry
- Clinical Research
The income for this area ranges from $86,000 to $140,091 and to really qualify to enter this profession you must start with a bachelor’s degree in the field of concentration.
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Finance
Money is a very important topic in any country. People in this sector help manage the financial affairs of individuals, groups, or even countries. Help them make money, invest and make budget decisions. Some of the high-paying jobs in this job are;
- Investment banking
- Compliance analysis
- Insurance advisory
- Accountancy
- Hedge fund management
- Financial software development
- Financial analysis
- Financial advisory
- Information technology auditing
The average salary for professionals in this field ranges from $60,000 to $150,000. To enter this field, you must have a bachelor’s degree in business, statistics, finance, economics, or accounting. You will need more advanced qualifications to move up the ranks.
Information Technology
Information technology helps solve some of society’s most pressing challenges through efficient delivery and management of data and information. Professionals in this profession earn a lot of money to achieve this goal. Some of the services in this department are;
- Automation engineering
- Applications development
- Data Engineering
- Networking and intercommunications
- Computer animations
- System analysis
- Programming
- Robotics engineering
- Artificial intelligence
According to the United States Bureau of Labor and Statistics, the salary for this job is $86,320. Although you may not need a degree to be successful in this field as skills are very important here, the competition rate is increasing. This means that well-known certifications and extensive knowledge will be very important.
Management
Another group of high-income professionals in this generation is those who help manage, increase productivity, and streamline businesses and organizations. Some of the rewarding jobs in this sector are;
- Training and development management
- Public relations and fundraising management
- Human resource management
- Financial management
- Sales management
- Natural science management
- Marketing management
The average salary for managers is about $72,400, according to zippia. To enter this field, you can get a degree in management and a degree related to the area you want to manage.
Education
Helping people gain the knowledge they need to be successful and prosperous in their fields is very important in today’s world. Education is enriching in many ways, here are some of them;
- Financial education
- College lecturing
- Academic dean
- College Professor
- Youtube Education
- School Counselor
The average salary for teachers according to NEA Teaching Reference Salary is about $41,700, teachers can earn up to $250,000 per year. To enter this field, you will need a degree in education and a degree in an area of specialization.
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Aviation
Professionals in this field use their skills to ensure the safety of people traveling by airlines and aircraft. This is of great demand in the world today. Some careers in this field are;
- Commercial pilot
- Aerospace Program manager
- Aviation safety inspector
- Flight Instructor
- Aircraft Avionics equipment mechanic or technician
- Commercial Air traffic controller
- Flight attendance.
According to US national average data for July 2022, the median salary for this field ranges from $50,650 to $198,579. To get into this field, you’ll need a bachelor’s degree in an aviation-related course and other aviation training.
Factors To Consider Before Choosing A Career
As much as high-paying career paths are very good, not all of them are for you. there are a lot of factors to consider before you choose a career. This is to ensure that you do not make any mistakes in this time of your life.
- Your interests and passion
- The educational requirements
- Your desired salary
- Safety of the career paths
- Travel requirements
- The market outlook of the job
- Opportunities for growth and development.
These are the various factors to conder before choosing a career path. With these factors, you are surely going to make a worthy decision.
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