Highest-Paid Occupations: When it comes to the list of Highest-Paid Occupations, healthcare jobs beats other industries. According to the Bureau of Labour Statistics (BLS), employment in the healthcare industry is expected to grow from 14% from 2018 to 2028, adding almost 1.9 million new jobs. Aging population is the reason behind the growth of healthcare industry as this population demands greater healthcare services.
- 1 Method Used To Derive This Information:
- 1.1 Anaesthesiologists:
- 1.2 Surgeons:
- 1.3 Oral and Maxillofacial Surgeons:
- 1.4 Obstetricians-gynecologists:
- 1.5 Orthodontists:
- 1.6 Psychiatrists:
- 1.7 Physicians:
- 1.8 Family and General Practice Physicians:
- 1.9 Internists, General:
- 1.10 Prosthodontists:
- 1.11 Chief Executives:
- 1.12 Paediatricians, General:
- 1.13 Dentists:
- 1.14 Nurse Anaesthetists:
- 1.15 Pilots and Flight Engineers:
- 1.16 Petroleum Engineers:
- 1.17 Information Systems Managers:
- 1.18 Podiatrists:
- 1.19 Architecture and Engineer Managers:
- 1.20 Marketing Managers:
- 1.21 Financial Managers:
- 1.22 Attorneys:
- 1.23 Sales Managers:
- 1.24 Natural Sciences Managers:
- 1.25 Compensation and Benefits Managers:
Method Used To Derive This Information:
We have used the rankings established from salary data collected from the Bureau of Labour Statistics (BLS). Occupational Information Network (O*NET) was developed under the sponsorship of the U.S. Department of Labour/Employment and Training Administration (USDOL/ETA) and was used to take extra information.
We have excluded few overlapping job categories for better clarity and convenience. The figures and statistics are from the data gathered through May 2018. Based on this data, we have made the list of Highest-Paid Occupations. For every profession, we are mentioning BLS’ 2019 report’s mean annual wage along with 2018 report’s mean annual wage mentioned in parenthesis. This can help you compare how salaries have changed.
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Anaesthesiologists are physicians who administer anesthetics prior to, during, or after surgery, or other medical procedures, according to the BLS’ definition. Last year, as well, they ranked first in the list.
According to the BLS’ data, there are approximately 31,000 anaesthesiologists in the United States.
After completing four years of medical school, ambitious anaesthesiologists in the country generally go for specialization with four-year residency. The duration could even increase based on the sub-specialty chosen.
Surgeons are physicians who treat diseases, injuries, and deformities by invasive, minimally-invasive, or non-invasive surgical methods, such as using instruments, appliances, or by manual manipulation, according to the BLS’ definition.
Oral and Maxillofacial Surgeons:
More specialized than dentists, oral surgeons perform complicated medical procedures such as wisdom tooth extraction. Maxillofacial surgeons perform procedures which are related to the jaw and face around the jaw.
According to the BLS’ data, there are approximately 34,390 surgeons in the United States.
Doctors with specialization in female reproductive health and childbirth are known as obstetrician-gynecologist (OB/GYN). They also diagnose, treat, and help prevent diseases of women, particularly those affecting the reproductive system, according to the BLS’ definition. Their annual salary listed on the BLS is slightly lower than oral and maxillofacial surgeons.
According to the BLS’ data, there are approximately 18,590 OB/GYN in the United States.
They specialize in braces and other corrective procedures for the teeth. They examine, diagnose, and treat dental malocclusions and oral cavity anomalies. In corrective procedures, they design and fabricate appliances to realign teeth and jaws to produce and maintain normal function and to improve appearance, according to the BLS’ definition.
According to the BLS’ data, there are approximately 5,380 orthodontists in the United States.
They are a sub-specialty of the medical profession as an alternative to psychologists, who have not done M.D.s. They diagnose, treat, and help prevent disorders of the mind.
According to the BLS’ data, there are approximately 25,630 psychiatrists in the United States.
They diagnose and counsel patients on general healthcare, diet and hygiene. After their bachelor’s degree (which takes four years to complete) from a medical school, they spend 3 to 7 years in internship and residency programs depending on their specialty.
According to the BLS, their employment is expected to grow 7 percent from 2018 to 2028 faster than the average for all occupations. This growth is expected because of the higher demand for healthcare services by the growing and aging population.
Family and General Practice Physicians:
According to the BLS, they diagnose and treat injuries or illnesses. Physicians examine patients; take medical histories; prescribe medications; and order, perform, and interpret diagnostic tests. For general illnesses, patients typically visit physicians. If the patient needs more help in treatment, physicians refer them to specialists for further diagnosis.
According to the BLS’ data, there are approximately 756,800 general physicians in the United States.
The BLS defines an internist as physicians who diagnose and provide non-surgical treatment of diseases and injuries of internal organ systems. They provide care mainly for adults who have a wide range of problems associated with the internal organs. Doctors with this employment experienced a decrease of almost $2,000 in their salaries in the 2018 report.
According to the BLS’ data, there are approximately 37,820 internists in the United States.
They construct oral prostheses to replace missing teeth and other oral structures to correct natural and acquired deformation of mouth and jaws, to restore and maintain oral function, such as chewing and speaking, and to improve appearance, according to the BLS.
There are just 380 prosthodontists in the country and their salaries also decreased from the 2018 report, along with the reported mean annual wage.
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Outside the medicine domain, Chief Executives are the Highest-Paid Occupations in the country. According to the BLS, they determine and formulate policies and provide overall direction of companies or private and public sector organizations within guidelines set up by a board of directors or similar governing body. They also plan, direct, or coordinate operational activities at the highest level of management with the help of subordinate executives and staff managers.
South Dakota ranks first, the District of Columbia ranks second, and Rhode Island third in the highest CEO salaries.
There are almost 195,530 CEOs in the country.
They treat children and their common illnesses. They in general earn less than general practitioners and internists but still hold a position in the Highest-Paid Occupations.
According to the BLS, dentists diagnose and treat problems with patients’ teeth, gums, and related parts of the mouth. Their growth is projected at 7 percent from 2018 to 2028.
According to the BLS’ data, there are approximately 155,000 dentists in the United States.
They come in the Highest-Paid Occupations category amongst nurses. As per the BLS, nurse anaesthetists administer anaesthesia, monitor patient’s vital signs, and oversee patient recovery from anaesthesia. They may assist anaesthesiologists, surgeons, other physicians, or dentists. They must be registered and have a specialized graduate education.
The growth projections in this field are extremely high. For the collective category (nurse anaesthetists, nurse midwives, and nurse practitioners), a 26 percent rise is expected from 2018 to 2028. An increased emphasis on preventive healthcare and demand for healthcare services from an aging population is expected to be the projected growth factor.
According to the BLS’ data, there are approximately 240,700 nurse anaesthetists, nurse midwives, and nurse practitioners in the United States.
Pilots and Flight Engineers:
Along with airline pilots and co-pilots, who navigate and fly the plane from the cockpit, there are flight engineers, who use the plane’s instruments to provide navigation guidance. As per the O*NET summary for these particular jobs, many times a bachelor’s degree is required.
The BLS defines petroleum engineers as engineers who design and develop methods for extracting oil and gas from deposits below the Earth’s surface. Petroleum engineers also find new ways to extract oil and gas from older wells. Their growth and salaries partly depend on the price and requirement for gas and oil. Their growth projection is lower than average, their jobs are expected to increase by 3 percent between 2018 and 2028.
Information Systems Managers:
Computer and information systems managers, plan, direct, or coordinate activities in such fields as electronic data processing, information systems, systems analysis, and computer programming, according to the BLS.
Typical job titles for this occupation include, per O*NET: Data Processing Manager, Application Development Director, Information Systems Manager (IS Manager), MIS Director (Management Information Systems Director), Information Systems Supervisor (IS Supervisor), Computing Services Director, Information Systems Director (IS Director), Information Technology Director (IT Director), Information Technology Manager (IT Manager), and Technical Services Manager.
They are doctors who diagnose and treat diseases and deformities of the human foot. Many of them go for a DPM (Doctor Podiatric Medicine) degree rather than a traditional medical degree.
There are 9,500 podiatrists in the country.
Architecture and Engineer Managers:
According to O*NET Online, architectural and engineering managers are the ones who plan, direct, or coordinate activities in such fields as architecture and engineering or research and development in these fields.
According to the BLS, Marketing Managers plan, direct, or coordinate marketing policies and programs, such as determining the demand for products and services offered by a firm and its competitors, and identify potential customers.
They develop pricing strategies with the goal of maximizing the firm’s profits or share of the market while ensuring the firm’s customer satisfaction. They also oversee product development or monitor trends that indicate the need for new products and services.
California, Illinois and New York are the top three states with the Highest-Paid Occupations level in this field.
There are almost 240,440 marketing managers in the county according to the BLS’ data.
Treasurers and controllers, as well as financial managers come in this job category. According to the BLS, they are responsible for the financial health of an organization. They produce financial reports, direct investment activities, and develop strategies and plans for the long-term financial goals of their organization. This category is expected to grow by 16 percent from 2018 to 2028.
There are approximately 653,600 financial managers in the county according to the BLS’ data.
Lawyers advise and represent individuals, businesses, and government agencies on legal issues and disputes, per the BLS. Their growth outlook is almost average for all Highest-Paid Occupations in general, that is 6 percent from 2018-2028.
There are almost 823,900 lawyers in the country.
As the BLS defines, sales managers plan, direct, or coordinate the actual distribution or movement of a product or service to the customer. They coordinate sales distribution by establishing sales territories, quotas, and goals and establish training programs for sales representatives. They analyze sales statistics gathered by staff to determine sales potential and inventory requirements and monitor the preferences of customers.
Natural Sciences Managers:
Natural sciences managers plan, direct, or coordinate activities in such fields as life sciences, physical sciences, mathematics, statistics, and research and development in these fields, according to O*NET.
This can include the following job titles like, Laboratory Manager, Environmental Program Manager, Research and Development Director, Fisheries Director, Health Sciences Manager, Senior Scientist, Natural Science Manager, Research Manager, Senior Investigator, and Water Team Leader.
Compensation and Benefits Managers:
In the HR department, compensation and benefits managers get paid the most. According to O*NET, this job category can include job titles such as Compensation and Benefits Manager, Benefits Coordinator, Benefits Manager, Employee Benefits Manager, Compensation Manager, Compensation Vice President, Employee Benefits Coordinator, Compensation Director, Employee Benefits Director, and Payroll Manager.